Super-Losses = Super-Jobs

Super-Losses = Super-Jobs

This year and last year we have experienced Super-Losses, unimaginable losses. Now we need some Super-Jobs.

No one has yet raised any question about the previous level of economic activity in the UK, all the editorials are about getting back to that previous level.  How can we, if that level was funded by excessively generous financial stimuli. To my mind we had a falsely overstated position because it was based on huge overspends by private individuals, by companies, and by government, all funded by excess funding, freely available and cheap.

When people draw back to a level that they can really afford we will see that the overall activity level will be (say) five per cent less. That presumably means that five per cent of jobs are also at risk, say one and a half million jobs. We also need to dramatically improve the tax receipts and reduce the demand for unemployment benefit.

Surely we need to address the problem specifically and as we know governments cannot create real jobs. Governments can however create a fiscal, legal and economic environment which will help people themselves to create jobs, the necessary million+ jobs.

To create this environment we need to provide small companies and would-be employees of an option for exemption from all employment law, only for short term contract staff (say upto three years,) after which they will have earned their employment rights, exemption from:

  • recruitment rules, eg advertising, equal opportunities, racial discrimination, references,
  • minimum hourly earnings
  • holiday and sickness rights
  • maternity and paternity rules
  • working hours limits

The benefits will be improved personal, national and international self-esteem, reduced state benefit costs, increased taxes received, increased exports and possibly most importantly faster money circulation (the earn – spend – earn – spend churn, collecting taxes at the time.)

The result will be Super-Jobs.

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