Employment data illusion leaves young jobseekers disillusioned with their prospects, particularly in rural areas where wages are generally low, but where land has a different quality. A report commissioned by the Department for Business, Energy and Industrial Strategy argues that the problem "runs deeper than any of us might have imagined, highlighting the economic reality that, despite improvements, poverty can remain a concern."
We are the land of the landless
The UK's current economy – one of the largest in the world – does not create enough jobs to offset the large numbers of people who lose out when these "unable to find work" claims are made. A study published in November by the Institute for Fiscal Studies found that, of the 1,000 jobseekers aged 25-34, almost half were on low incomes, and only 1 in 5 wer바카라사이트e in work. "There is no doubt that some people struggle in life because they are not earning enough," says the author, Prof John Curtice. "The current unemployment rate among these people is lower than that of those who do not have jobs." It is true that there is a growing middle class but there is still almost no middle class in our society.
The real losers
People often confuse high incomes with the success of a household – for example, how many children and parents get a top job? But most people who are earning in excess of £150,000 a year are not making it at this income level. As we've discussed before, the economic situation is not sustainable. So why is this phenomenon not being recognised?
The answer is that our economy can have several different forms of productivity growth: an increase in employment, reduced unemployment or increased investment. The only difference between them is how much money the economy can collect for itself from people's hard work. And in an economy that is not growing at a rate we would expect, and which is less productive, low productivity growth leads to high unemployment, higher wages and a widening gap natyasastra.combetween the middle a더킹카지노nd upper classes.
So, for example, if you're paid just £10,000 an hour, but you are expected to be paid £35,000 on top of the $35,000 the system offers, the gap between the high earners and the middle class grows over the years. In the UK, the biggest difference between workers and employers was in 1997 when the average weekly pay for those earning over £85,000 was 11.6 times higher than that earned by the average worker. In 2001, this rate dropped to 5.8 times, and in 201