UK unemp currently low but it will soon have neither a furlough scheme nor generous unemp benefits. The replacement ratio is among lowest in @OECD -> Rise in unemp will not only hurt jobless, but also suck spending power from the economy.
@DuncanWeldon
economist.com/britain/2020/0… https://t.co/n8GqWcrZuj
@NewLeftEViews @BuddyYakov @_TimBarker @andrewelrod @DavidpStein The point is not to act on margin but the aggregate and higher income aggregate
October 6, 2022
@NewLeftEViews @BuddyYakov @_TimBarker @andrewelrod @DavidpStein The point is not to act on margin but the aggregate and higher income aggregate is larger