UK unemployment continues to rise

Discussion in 'Economics' started by morganist, Jan 18, 2012.

  1. benwm

    benwm

    With minimum wages and the high cost of hiring workers via national insurance employee contributions, etc it's not surprising that youth unemployment especially is such a problem. Get rid of the minimum wage and national insurance and unemployment would drop really quickly.

    Not an opinion that is popular in socialist circles, mind you..
     
    #11     Jan 18, 2012
  2. "UK unemployment reaches an all time high"

    In other news

    "UK ethnic capital of Europe"
     
    #12     Jan 18, 2012
  3. zdreg

    zdreg



    printing money doesn't increase employment.where do you come up with these notion? printing money results in an increase in speculative financial activity not in the production of more goods and services.
     
    #13     Jan 18, 2012
  4. But the central planners cross their fingers that the "crack up boom" in asset prices will fool enough purchasing managers into spending that excess capital (earning zero percent interest) on more widgets. That purchasing or boost in manufacturing will, in turn, fool another group of managers to go ahead and do x,y,z, etc, etc, etc...

    One of the problems is that technology has replaced the need for so much of this labor that even the ramp up in production might do little to alleviate the employment picture. Meanwhile, the artificial liquidity sloshing around drives consumer prices higher even with lowered demand...in many ways, it's just another headwind for the average consumer.
     
    #14     Jan 18, 2012
  5. ashatet

    ashatet

    Oh I am shocked at the UE in UK. Not. All they do now is insurance, finance and real estate. Lost all productivity, Jaguar, Land rover, etc etc etc are now all more or less gone.
     
    #15     Jan 19, 2012
  6. rc8222

    rc8222


    I'm sure the terror threats are going up in the UK as well, especially with all the Muslims migrating there.
     
    #16     Jan 19, 2012
  7. morganist

    morganist Guest

    The traditional view of printing money is that is was done specifically to create employment. The phillips curve was supposed to indicate that. But the long term augmented expectations phillips curve suggested otherwise. I guess it is down to what school of thought you follow. Anyway in this scenario you are right.
     
    #17     Jan 19, 2012
  8. zdreg

    zdreg

    it make no difference what school of thought a person follows. the bottom line which history has proven over and over again is that no country can devalue its way to prosperity. debasing the currency from the roman empire to this day only leads to economic disaster. excessive debt and leverage destroys companies and nations.

    i doubt that anybody can provide a counter example.
     
    #18     Jan 19, 2012
  9. #19     Jan 19, 2012
  10. #20     Jan 19, 2012