To let unemployment surge under the cover of allowing the economy to adjust naturally to the "new normal" would be intellectually dishonest and economically dangerous. We won& #39;t know what jobs are viable post-Covid until we& #39;re actually post-Covid. https://www.ft.com/content/f3166a5d-9d4a-4479-bac5-a2769885c7b4">https://www.ft.com/content/f...
Meanwhile there aren& #39;t enough new jobs for people to "reallocate" into.
Boris Johnson promised us a New Deal in June, so how about taking a leaf from FDR and creating hundreds of thousands of new jobs? The UK economy clearly needs more care workers, nurses, teachers, teaching assistants & others to cope with the future anyway. https://www.kingsfund.org.uk/sites/default/files/2018-11/The%20health%20care%20workforce%20in%20England.pdf">https://www.kingsfund.org.uk/sites/def...
On social care, we need 180,000 more staff just to restore the carers to over-70s ratio from 2014. Resolution Foundation says it would cost £5bn to create this many jobs, paid at the real living wage.
Meanwhile our teacher-to-pupil ratios, a mark of our investment in the next generation, are dire compared to our peers. https://data.oecd.org/teachers/students-per-teaching-staff.htm">https://data.oecd.org/teachers/...
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