By Edwin Whiting
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Extra info for A Guide to Unemployment Reduction Measures
Plans can be made accordingly and there is little chance of a sudden shock or very long period without work. Short spells of unemployment are scarcely a tragedy and some people may even welcome it. If you are unemployed only one month a year, it could even be regarded as an extra holiday. Unemployment with a next job in view is really no problem. Keynes's category (5) is the macroeconomic aspect of unemployment which is not covered by this book. 18 Unemployment Reduction Measures Category (1), the hard core ofunemployables, are what is called today the long-term unemployed.
It is assumed in every debate on unemployment that there is some finite limit to the funds available for measures to reduce it. Therefore the measures that cost least should be used first. In this way, the greatest reduction of unemployment is obtained at the least cost. Or, to put it another way, the measures used should be those that are most cost-effective, not those which yield the greatest reduction in the headcount. One can argue about how large the fund for unemployment reduction should be, but one cannot argue about the essential need for a properly costed prospectus of the measure before the funding is approved.
7). Components (3) and (4) are the credit side: that is, the gains to the Exchequer emanating from the particular measure. 8 with examples at various wages and salary levels. In 4. e. (1) married person, (2) single person who is a householder, and (3) single person who is not a householder. Unemployment benefit is a standard rate for married and for single: no averaging of many different amounts is needed. Supplementary benefits are far from standard, especially for the married person. For all householders on supplementary benefit there are allowances for children (with different rates for ages under 11 and 11-15), and about 12 separate additions for items such as heating, water rates, insurance, special clothing and diet.