Unemployment Flashcards
Policies to limit unemployment
• Tax credit
The working family tax-credit was intended to ensure that people returning to work would not suffer a loss of income
Policies to limit unemployment
• Limit benefits
The Coalition continued and expanded Labour policies that allow the removal of benefits from those unemployed who are deemed not to be actively seeking work, and this has been continued by the Conservative post 2015
Policies to limit unemployment
• Childcare provision
Multiple governments have sought to expand Childcare provision to encourage parents of young children into work
Reason to limit unemployment
• Measure of success
Unemployment is seen as a key measure of the success of governments’ economic policies, and high unemployment figures limit their chance of being re elected
Reason to limit unemployment
• Drag on economy
Unemployment acts as a drag on the economy due to the cost of benefits and re-training
Reason to limit unemployment
• Labour force
Unemployment means that a potentially useful labour force is being underutilized, limiting the potential for growth
Reason to limit unemployment
• Social problems
Unemployment is associated with a range of other social problems including health, housing and crime issues.