RE: RE: How to Get Britain Working Again...?
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RE: How to Get Britain Working Again...?

denmarkguy(79)
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It's a tough problem to solve.

Here in the States, they are always saying the the unemployment rate is low, and yet so many people don't have work, or have unstable work, or have just given up.

The problem gets swept under the rug because of the huge gap between the "headline" unemployment rate and the effective unemployment rate. The headline rate (government reported) sits at a little over 3% but the effective rate was 24.3%, last I looked — that rates counts out of work, those who have given up, and those who are working but substantially below the poverty line, anyway — easily done here, where the Federal minimum wage is US $7.25 (about 5.50 GBP) and one-bedroom apartments often start around $1,000 a month, to which you have to add food, healthcare and so forth.

With very few exceptions, the world is a mess.

Meanwhile, automation and AI keeps diminishing the need for human workers...

@denmarkguy: It's a tough | Ecency