Workers are entitled to adequate help in the case of accident, sickness, disability, old age and involuntary unemployment.

Real and money wages in the General Theory: what is involuntary unemployment?

In our example the real wage rate remains at its market clearing value, w *;, despite the presence of involuntary unemployment.

In this way, the theory accounts for involuntary unemployment.

In an economy with involuntary unemployment there is a surplus of labor at the current real wage.

Many economic theories have been motivated by the desire to understand and control involuntary unemployment.

Other economists do not believe that true involuntary unemployment exists or question its relevance to economic theory.

In the first case, national production suffers, thus causing a positive measure of involuntary unemployment.

So, in practice, the distinction between voluntary and involuntary unemployment is hard to draw.

It is not surprising that involuntary unemployment may be long term.