The UK needs 8 million New Jobs

The latest data shows the economy is smaller today than it was in in the first quarter of 2010 and now 4.5 per cent below the previous peak in the first quarter of 2008.

The jobless total in the UK was 2.5 million people at the end of December, while the unemployment rate stood at 7.8%.  However, this figure does not include people who are on workfare placements or are underemployed in part-time work.  The true figures wanting  a job is likely to be 8+ million.  This is a desperate waste of the real wealth creators.

At the same time ‘We are stumbling into a lost decade, serious long term damage is being done to the economy and any recovery looks like it will be based on a lower wage, lower productivity model with serious implications for living standards.  As for the claim that austerity has brought us low interest rates – I’m amazed anyone bothers to argue this nonsense anymore.’  Duncan Weldon ToUChstone blog

Keynes said  ” Look after unemployment and the budget will look after itself. ”  We need a government committed to full employment and a jobs guarantee for everyone who wants to take one.  Rooseveldt showed how it can be done – back in the 1930s.  But we have a Tory/LD coalition government that is doing the opposite in the name of a recovery that never comes.

From  KC’s JobsNow! Hat-tip – New economic perspectives

http://touchstoneblog.org.uk/2013/02/losing-aaa-the-complete-failure-of-the-governments-economic-strategy/

Related posts:

Economics in crisis – it needs a ‘Reformation’

The Future Jobs Fund: One of the most ineffective job schemes there’s been?

BRIBING THE PRIVATE SECTOR TO INVEST ISN’T WORKING

3 thoughts on “The UK needs 8 million New Jobs

  1. Pingback: The UK needs 8 million New Jobs | Welfare, Disability, Politics and People's Right's | Scoop.it

  2. Pingback: Basic Income will solve unemployment | A Latent Existence

  3. A lost decade…that about sums it up. It sure feels like a lost decade, a lost decade of grimness, of lost jobs, of gritting our teeth and bearing being stuck in jobs that pay us little, being overworked, unable to spend on the little luxuries, having our benefits cut, our disabled family members being subjected to a battery ram of humiliating tests to determine they are in fact disabled and all the while the ConDem government do nothing but tell us we are all in this together and that their plan of cut, cut, cutting will eventually pay off. When? Tell me when?

    Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s