Readers Question. Explain the benefits of increasing the rate of unemployment benefit for 1. the unemployed, 2. society. Identify and costs that may result from such a policy. Benefits of increasing unemployment benefits Provides more income, reducing relative poverty and improving living standards. Gives them support in finding the best job. If benefits are low, …
Readers Question: When would you want to own a business that sells price-elastic products? Why? Price elastic products mean that if there is an increase in price, there will be a bigger % fall in demand. Therefore, with elastic goods, there is little incentive to increase the price because there will be a bigger % …
Readers Question: Which businesses are likely to benefit from a recovery in the housing market? I think it is a little premature to talk of a recovery in the housing market. But, nevertheless when there is a recovery in the housing market the following firms will benefit. House Builders. At the moment there is a …
How to Deal with AI – Universal Basic IncomeWatch this video on YouTube AI is coming for your job. It doesn’t matter if you are taxi driver, accountant or god forbid writer and podcaster, AI and chat bots are going to be able to do it better. Goldman Sachs forecast 300 million jobs could be …
In 1999, Tony Blair made a pledge that 50% of young adults would go into higher education by the next century. And this is one government promise that has actually been achieved, Student numbers have risen, UCAS applications almost doubled. Students are told a degree is a passport to success, higher salary and cultural enrichment. …
We Can’t Afford a Trump Trade WarWatch this video on YouTube In 1930, the US economy entered a deep recession and President Hoover responded by passing the Smoot Hawley tariff bill which saw average US tariffs almost double. The aim was to help US manufacturers from foreign competition. But, the bill was a disaster, …
How Short-Termism Is Destroying the UK’s FutureWatch this video on YouTube Back in 2010, when Nick Clegg was asked about nuclear power he said it was pointless because it wouldn’t be ready until 2022. As it happened, 2022 came and went, with an unprecedented surge in global energy prices. Although this was ironic bad luck, …
In May 2016, Britain voted to leave the EU. The only reason David Cameron held a referendum was because he was convinced he would win. But, he hadn’t expected Boris Johnson to make a last minute switch and help galvanise a Vote Leave campaign. Brexit – The Big MistakeWatch this video on YouTube The result …