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Prior to the pandemic, the consequences of 10 years of cuts to public spending and government policies had already left people in precarious employment and on low wages – in poverty. The future is now even more uncertain for many of those people who will be joined by many others fearing equally for their prospects. ‘Can I get a job?’ ‘Will I still have a job to go to?’ And for young people ‘What sort of future will I have?’ Those fears are translating into falling consumer confidence and spending. Andy Haldane’s ‘V-shaped recovery’ is looking less and less likely as people worry about the prospect of redundancy and decide instead to save what they can (and if they can) just in case the worst happens.... The Gower Initiative for Modern Money StudiesEither you guarantee employment, or
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Prior to the pandemic, the consequences of 10 years of cuts to public spending and government policies had already left people in precarious employment and on low wages – in poverty. The future is now even more uncertain for many of those people who will be joined by many others fearing equally for their prospects. ‘Can I get a job?’ ‘Will I still have a job to go to?’ And for young people ‘What sort of future will I have?’ Those fears are translating into falling consumer confidence and spending. Andy Haldane’s ‘V-shaped recovery’ is looking less and less likely as people worry about the prospect of redundancy and decide instead to save what they can (and if they can) just in case the worst happens.... The Gower Initiative for Modern Money StudiesEither you guarantee employment, or
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Mike Norman considers the following as important:
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Prior to the pandemic, the consequences of 10 years of cuts to public spending and government policies had already left people in precarious employment and on low wages – in poverty. The future is now even more uncertain for many of those people who will be joined by many others fearing equally for their prospects. ‘Can I get a job?’ ‘Will I still have a job to go to?’ And for young people ‘What sort of future will I have?’ Those fears are translating into falling consumer confidence and spending. Andy Haldane’s ‘V-shaped recovery’ is looking less and less likely as people worry about the prospect of redundancy and decide instead to save what they can (and if they can) just in case the worst happens....The Gower Initiative for Modern Money Studies
Either you guarantee employment, or you guarantee there will be unemployment.” – Pavlina Tcherneva