Web links for 11th May 2012
In the 'Inequalities' blog, Lindsey Macmillan and Paul Gregg look at the evidence about inter-generational unemployment. There’s lot less than politicians and media sometimes suggest: “only 0.3% or 15,000 households are in a position where both generations have never worked” and in a third of these households the younger generation has been unemployed less than 1 year.
There +is+ inter-generational worklessness, but “it is only in the labour markets with high unemployment that sons with workless dads are disproportionately more likely to be workless than sons with employed dads.”
Thomas Piketty, Emmanuel Saez & Stefanie Stantcheva look at 18 OECD countries and disputes the claim that low taxes on the rich raise productivity and economic growth. The optimal top tax rate could be over 80% and no one but the mega rich would lose out.
A new SKOPE pamphlet by Ewart Keep looks at what puts people off training & education (amongst other things).
If people know that they are members of a group or come from an area where people tend only to get lousy jobs (or none) they may not see much point in education & training. Raising the number & quality of jobs available may change their minds.
The UK has a high percentage of graduates working in jobs that don't require degrees: suggests over-supply & is likely to exacerbate problems for those who aren't graduates. If you see yourself as destined for unemployment or a bad job you will be even less likely to find learning attractive.
It is less and less credible to say education isn't producing numeracy & literacy skills. What it does fail to provide are maturity, a positive attitude and work experience – but these are best obtained in workplaces; they really should be seen as employers' responsibility.