- Sat Oct 18, 2025 2:02 pm
#98041
May be that some lower productivity jobs have been lost with the increase in employers NI and the minimum wage. The labour market should be settling down now. See if the rise is sustained.
I noted before that lots of people thought that these jobs shouldn't even have existed because the wage was too low and the tax payer was picking up costs of tax credits. I'm not sure about that argument- some jobs are genuinely low productivity, particularly in areas where there's not much money about. That's not really anybody's fault in lots of cases (poor paying jobs in eg Central London are a different matter). But anyhow, it seems that some of these jobs don't exist any longer, but I'm sure lots of the complainers aren't any happier than before.
We'll have to see if unemployment starts to fall. Might turn out that the changes were an economic masterstroke.
I noted before that lots of people thought that these jobs shouldn't even have existed because the wage was too low and the tax payer was picking up costs of tax credits. I'm not sure about that argument- some jobs are genuinely low productivity, particularly in areas where there's not much money about. That's not really anybody's fault in lots of cases (poor paying jobs in eg Central London are a different matter). But anyhow, it seems that some of these jobs don't exist any longer, but I'm sure lots of the complainers aren't any happier than before.
We'll have to see if unemployment starts to fall. Might turn out that the changes were an economic masterstroke.
- By Bones McCoy