5.4 Million Unemployed, 17.3% or 1 in 6

Officially there are 2.38 million unemployed, in reality there are 5.4 million not in work who should be available for work. That is equivalent to 17.3%, or one-in-six of the labour force.  The left leaning economist Chris Dillow argues that capitalism can’t provide enough work to go round.  In reality it is only economic growth that can provide jobs.  You can’t tax and subsidise your way to sustainable economic growth…

mdi-tag-outline Boom to Bust
mdi-timer July 17 2009 @ 16:45 mdi-share-variant mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-printer
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