http://www.dwp.gov.uk/policy/welfare-reform/legislation-and-...
"Building Britain’s Recovery: Achieving Full Employment", published on 15 December 2009, restates the Government’s response to the recession and signals the start of the programme to return to full employment.
I'm not supporting government waste, but the way. Efficiency should be the goal, but you obviously have NO idea what you are talking about.
That would suggest that the solution for unemployment is to simply give all unemployed people public sector jobs - which doesn't sound like a very good idea to me.
- The taxpayer paid the wage (the same as jobseeker's allowance, I think). The private companies didn't pay anything.
- Companies could just sack their workers and enjoy the benefits of free labour.
So much for the minimum wage! How can minimum-wage workers compete with free labour? (Free from the company's perspective, that is.) And this was supposed to reduce unemployment?!
And anyway, if people are working, why aren't they getting minimum wage?
It's a mixed bag. Some economists claimed it helped others claim it lengthened and made the recession deeper.
Yeah, it worked very well in Russia and East Germany. So well people were risking their lives to go somewhere else for better opportunities. And if North-Koreans could get out of their country, I'm sure they would be happy witnesses of a full-employment state policy.
You obviously have NO idea what you are talking about.
Incidentally, I never understood why Thatcher was evil for not subsidizing the loss-making mines, and modern politicians are evil for subsidizing loss-making banks (i.e. RBS).
Some view Thatcher destroyed the industry not only because it was unprofitable but also as an attack against the unions, supposedly going so far as to shutdown even profitable mines or those that had potential. Putting 180,000+ out of work is going to cause some outrage from those you are putting out of work & the surrounding communities that relied on those wages. Also some may view domestic energy production as a valuable asset to retain even if it is not market viable just due to energy security/independence concerns.
As far as the bank comparison, I think some people have a kinder view towards the plight of a coal miner working in dangerous conditions for not a lot of pay vs the plight of an executive banker raking in massive bonuses while tanking the economy.
Of course, what goods/services should be guaranteed and what the value of X should be for each one is and will remain an open problem.
>> Can be said for the private sector as well. Unless you think the private sector is growth averse.
Huh? Employees aren't growth. Employees may be necessary to accomplish/support growth, but that's very different. The difference is that a biz will happily take growth with no employees and will try to avoid employees with no growth.
Of course judging a company based only on it's headcount is silly, just like judging that the government must be wasteful and inefficient because of it's headcount.
Can be said for the private sector as well. Unless you think the private sector is growth averse.
>In industry it is a cost.
Governmental employees are not free.
You also made other points as well such as the #1 goal of the Space Shuttle program was to keep bureaucrats employed & that the private sector is more efficient regarding the value it creates per employee.