chem1st Posted October 12, 2011 Share Posted October 12, 2011 The economy is on the edge. Statistics today revealed 991 000 youths are on JSA, 21.6% of 16-24 year olds. 8.1% of people aged 16-64 are 'unemployed', 23.3% of people of working age are inactive. http://www.ons.gov.uk/ons/rel/lms/labour-market-statistics/october-2011/index.html Consider the 1 million unemployed youth. Suppose they could each be offered an hours work each. At minimum wage for a 21 year+ adult of £6.08. They'd each be £5 better off. Each would lose £1.08 from their JSA. Suppose each could get work for 8 hours, £6.08 an hour again. They'd each be £5 better off. Each would lose £43.64 from their JSA. Now, suppose they could work for 40 hours. They would all better off by more than £5. Many would come off of benefits entirely. 1million jobs aren't going to appear out of nowhere. Jobs aren't like the national currency, coming fresh off the priniting press, or clicked into existence. You need demand. You need people to be able to profit from their work. To create further demand. 1million working for an hour, or 1 million working for 8 hours. Whether they worked an hour or 8, they would have the same spending power... 1 million people working 8 hours each ain't going to stimulate the economy anymore than 1million people working 1 hour each. They'd each have a fiver to spend though. An hour or eight, them one million people if working tomorrow could each have a fiver in their pocket more than dole. Those extra 7 hours of work wouldn't create any demand. The weekly government budget deficit would be reduced, if they each worked an hour, by £1.08 million, if they each worked 8; £43.64 million. So perhaps the tories could have an 'Earn a fiver day'. Where everybody is guaranteed work for the day. They can work for either one hour or eight, and earn themselves a fiver. Or perhaps they could fast-track Universal credit... If they fast tracked UC, a person working an hour would be £5.38 better off, a person working 8 hours would be £20.28 better off. And somebody working 40 hours would be better off just like before, most likely come off of benefits entirely, or at least be better off by a little. We have a very precarious labour market, not many secure full time jobs, a lot of work through agencies without fixed hours. 1 million full time jobs ain't going to appear. And whilst one hours work will currently yield somebody a fiver extra income and stimulate a fivers worth of demand in the private sector. 8 hours work will also yield somebody a fiver extra income and stimulate a fivers worth of demand. If part time work paid, perhaps those 7 dead hours could be used to stimulate demand. Tommorow 1 million youth shall still be unemployed. That's a day's lost labour of a million people. Assuming a days labour to be 8 hours, that is 8 million hours. You need less than 1000 hours of labour to build an house. You need less than 30 hours of labour to produce a car. Tomorrow labour will be lost amongst the youth equivalent to the construction of 8 thousand houses, or just over a quarter of a million cars. Now consider, amongst those of working age, the total amount of economically inactive. There is 10 times that amount of labour lost in the UK per day! What a waste! Link to comment Share on other sites More sharing options...
fruitisbad Posted October 12, 2011 Share Posted October 12, 2011 I could do with a fiver now to buy a few more beers Link to comment Share on other sites More sharing options...
andygardener Posted October 12, 2011 Share Posted October 12, 2011 The economy is on the edge. Statistics today revealed 991 000 youths are on JSA, 21.6% of 16-24 year olds. 8.1% of people aged 16-64 are 'unemployed', 23.3% of people of working age are inactive. http://www.ons.gov.uk/ons/rel/lms/labour-market-statistics/october-2011/index.html Consider the 1 million unemployed youth. Suppose they could each be offered an hours work each. At minimum wage for a 21 year+ adult of £6.08. They'd each be £5 better off. Each would lose £1.08 from their JSA. Suppose each could get work for 8 hours, £6.08 an hour again. They'd each be £5 better off. Each would lose £43.64 from their JSA. Now, suppose they could work for 40 hours. They would all better off by more than £5. Many would come off of benefits entirely. 1million jobs aren't going to appear out of nowhere. Jobs aren't like the national currency, coming fresh off the priniting press, or clicked into existence. You need demand. You need people to be able to profit from their work. To create further demand. 1million working for an hour, or 1 million working for 8 hours. Whether they worked an hour or 8, they would have the same spending power... 1 million people working 8 hours each ain't going to stimulate the economy anymore than 1million people working 1 hour each. They'd each have a fiver to spend though. An hour or eight, them one million people if working tomorrow could each have a fiver in their pocket more than dole. Those extra 7 hours of work wouldn't create any demand. The weekly government budget deficit would be reduced, if they each worked an hour, by £1.08 million, if they each worked 8; £43.64 million. So perhaps the tories could have an 'Earn a fiver day'. Where everybody is guaranteed work for the day. They can work for either one hour or eight, and earn themselves a fiver. Or perhaps they could fast-track Universal credit... If they fast tracked UC, a person working an hour would be £5.38 better off, a person working 8 hours would be £20.28 better off. And somebody working 40 hours would be better off just like before, most likely come off of benefits entirely, or at least be better off by a little. We have a very precarious labour market, not many secure full time jobs, a lot of work through agencies without fixed hours. 1 million full time jobs ain't going to appear. And whilst one hours work will currently yield somebody a fiver extra income and stimulate a fivers worth of demand in the private sector. 8 hours work will also yield somebody a fiver extra income and stimulate a fivers worth of demand. If part time work paid, perhaps those 7 dead hours could be used to stimulate demand. Tommorow 1 million youth shall still be unemployed. That's a day's lost labour of a million people. Assuming a days labour to be 8 hours, that is 8 million hours. You need less than 1000 hours of labour to build an house. You need less than 30 hours of labour to produce a car. Tomorrow labour will be lost amongst the youth equivalent to the construction of 8 thousand houses, or just over a quarter of a million cars. Now consider, amongst those of working age, the total amount of economically inactive. There is 10 times that amount of labour lost in the UK per day! What a waste! You seem to have missed a key point. Person A earns by honest toil X. Person B gets a scim off every working person which givs them for no work Y, which is a fiver less a week. In your head the difference is a fiver, in reality the difference is the entire wage plus the scim off the working man. Don't compare idlers to workers. Link to comment Share on other sites More sharing options...
Longcol Posted October 12, 2011 Share Posted October 12, 2011 1million jobs aren't going to appear out of nowhere. Jobs aren't like the national currency, coming fresh off the priniting press, or clicked into existence. You need demand. You need people to be able to profit from their work. To create further demand. Assuming a days labour to be 8 hours, that is 8 million hours. You need less than 1000 hours of labour to build an house. You need less than 30 hours of labour to produce a car. Tomorrow labour will be lost amongst the youth equivalent to the construction of 8 thousand houses, or just over a quarter of a million cars. Where is the market for an extra quarter of a million cars (and is this per day, week or year?). Link to comment Share on other sites More sharing options...
mancom Posted November 9, 2011 Share Posted November 9, 2011 You seem to have missed a key point. Person A earns by honest toil X. Person B gets a scim off every working person which givs them for no work Y, which is a fiver less a week. In your head the difference is a fiver, in reality the difference is the entire wage plus the scim off the working man. Don't compare idlers to workers. Don't call people who don't work idlers. The population has increased substantially in the alst 12, 13 years and there aren't enough jobs for everybody. Link to comment Share on other sites More sharing options...
ricgem2002 Posted November 9, 2011 Share Posted November 9, 2011 david cameron wants the the unemployed to work 30 hours a week now for no extra benefit . wheres these jobs coming from ?whys he want to get people into a job that he cant earn anything from it:huh: . he s not so quick in taxing the large companies where he could earn a little bit more:hihi:.the 99% people of this country are getting fed up with the 1% who are taking the mick. Link to comment Share on other sites More sharing options...
green Posted November 9, 2011 Share Posted November 9, 2011 david cameron wants the the unemployed to work 30 hours a week now for no extra benefit . wheres these jobs coming from ?whys he want to get people into a job that he cant earn anything from it:huh: . he s not so quick in taxing the large companies where he could earn a little bit more:hihi:.the 99% people of this country are getting fed up with the 1% who are taking the mick. Cameron wants the unemployed to work at places like Tesco's (yes that wonderful Corporate Employer who doesnt like to pay tax!). Which in turn will mean, that even less people will be employed by them, when they can get even cheaper labour. http://www.corporatewatch.org/?lid=4029 Now im all for the unemployed having to work for their benefits, if they are fit, but i foolishly thought they would be working for the people in services...not Tescos taking more jobs away. Another foolish policy by our government, that works brilliantly for big business. Link to comment Share on other sites More sharing options...
I1L2T3 Posted November 9, 2011 Share Posted November 9, 2011 I could do with a fiver now to buy a few more beers That has given me an idea Link to comment Share on other sites More sharing options...
alchresearch Posted November 10, 2011 Share Posted November 10, 2011 or sneezed when typing with his hand near the * key Link to comment Share on other sites More sharing options...
Supertramp Posted November 10, 2011 Share Posted November 10, 2011 It looks like somebody got up on the wrong side of the bed this morning. But people need to understand that benefits are not free, the money comes from somewhere. So if people have to work for it to get there 'free' money. Well boo hoo Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.