tag:blogger.com,1999:blog-4486641877026778105.post1449035788813104752..comments2024-03-29T09:14:53.583+00:00Comments on All That Is Solid ...: Labour, Social Security and TriangulationPhilhttp://www.blogger.com/profile/06298147857234479278noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-4486641877026778105.post-9573665358934698052014-01-24T00:43:11.815+00:002014-01-24T00:43:11.815+00:00To understand why Labour`s Job Guarantee only appl...To understand why Labour`s Job Guarantee only applies to the long term unemployed one need only look at the minutes of the Bank of England`s Monetary Policy Committee from December 1997:<br /><br />Paragraph: A41 The relationship between unemployment and earnings was then considered: in particular, did short-term unemployment exert more downward pressure on earnings than long-term unemployment?<br /><br />A43 Whatever the reason, the implications for the effect of long-term unemployment on wage pressure were the same: when the proportion of long-term jobless was high, for a given level of total unemployment, workers would probably realise that they could not be replaced so easily, and hence that their bargaining strength was higher.<br /><br />A44 The empirical evidence in general supported a more powerful role for short-term unemployment in putting downward pressure on wages. Some studies suggested that only short-term unemployment mattered. But recent Bank research had suggested that, although short-term unemployment was more important, the potential downward effect of long-term unemployment on wages should not be disregarded.<br /><br />Source: <br />http://www.bankofengland.co.uk/archive/Documents/historicpubs/mpcminutes/1998/Mpc9712.pdf<br /><br />Labour`s policy is all about "fine-tuning" the "reserve army of labour". The so-called “reforms” of the labour market in recent years have been designed to ensure that the unemployed are seen by workers as more of a threat to their jobs. State subsidies to employers encourage them to take on the unemployed and sack existing workers. The ultimate subsidy comes in the form of workfare – where new workers are paid nothing by their employers, and merely receive their state benefits in return for a full day`s work.Jobseekerhttp://thetruthaboutunemployment.wordpress.comnoreply@blogger.comtag:blogger.com,1999:blog-4486641877026778105.post-25575356053583294192014-01-21T09:55:07.346+00:002014-01-21T09:55:07.346+00:00Considering it could be the unemployed, sick and d...Considering it could be the unemployed, sick and disabled that will win the marginals for Labour. aaaaaaaaargh.<br />http://www.benefitsandwork.co.uk/news/2555-could-claimants-choose-the-next-govenmentjimboonoreply@blogger.com