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Unemployment Good, Employment Bad Letters from the Canary Islands by Barrie Mahoney

'Writing Inspired by an Island in the Atlantic'

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Unemployment Good, Employment Bad

Unemployment Good, Employment Bad

I heard a UK economist on the radio this week complaining about high employment levels in the country. Apparently, high employment is bad for the economy, since it forces wage and salary levels upwards, which is bad for UK exports and the overall economy. Conversely, high unemployment level is preferable, according to this economist, since it creates “a competitive employment background”, which results in wage stability and even a reduction in production costs (for this read overall wage stagnation and depression). Thankfully, I am not an economist, but I guess that most people will view this as simple exploitation of labour. Whether or not it is a good idea will no doubt depend upon your political and social views. Personally, I cannot think that anyone in their right mind would find unemployment acceptable under any circumstances. Still, we are told that we now live in a post-truth world where anything goes...

This article has been withdrawn as it has now been published in Barrie’s latest book, ´Letters from the Canary Islands and Spain’.

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