Wednesday 17 October 2012
Jobs keep rising in unrecession
Well, as usual, the economist can't explain how we can be in recession for a year but see the number of unemployed, even the number of youth unemployed, continue to drop in the UK.
Naysayers are prone to jumping on the bandwagon of its all 'self-employed' people who are not working really or part-time jobs. Of course, some of this will be true, but many of the 'self-employed' are reflecting the broader move to contract work in society - a move which has been ongoing since the end of a 'job for life' era in the private sector 20 years ago.
of course, being self-employed and managing to avoid some of those egregious NI taxes, plus pay yourself dividends too may be working out nicely for some people - certainly a whole bunch that I know have done this - anecdotal alert - but I certainly never used to see this on the scale it is now. I wonder why...must be some relationship between high taxes and people doing things to minimise tax payments - any ideas?
Plus of course the Government is for once right to trumpet that the "unforgivable" cuts to public service have led to a net creation of jobs - in fact an all time high. Who would have thought? And of course this is a double bonus, because less state spend is helped by increase tax revenue from private sector jobs.
Given the dire state of the economy in general, its is pleasing that there is one bright spot to write about occasionally!