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Workfare and the precariat

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He claims that, under his plans, the marginal tax rate of going from benefits into jobs will be 65 per cent; others estimate it will be 75 per cent.\n Labour's 'job guarantee' All workfare advocates are disingenuous when discussing unemployment: they must know that a market economy requires unemployment, for various reasons including the restraint of inflationary pressures. [...] macro-economists generally agree that the 'natural rate' of unemployment has risen in recent years. [...] though the job guarantee lobby does not stress that the jobs to be guaranteed will be unattractive, it is implicit in all the discussion.

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