VIEWS: 5 PAGES: 9 CATEGORY: Periodicals POSTED ON: 5/5/2011
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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