* https://education-economy-society.com/2020/04/02/theres-no-place-like-home-working-practices-after-the-crisis/ As lockdown has eased. more people have been encouraged to go back to their offices, yet a study by the Centre for Economics and Business Research (CEBR) indicates that between 25 per cent and 30 per cent of employees will still be working from home on any one day in 2021. Other surveys … Continue reading Home or away? Working practices during and after the crisis *
With government deficits and government borrowing reaching levels not experienced since the second world war, debate grows about how it will be paid for. Stephanie Kelton argues that it does not have to be. Kelton is a leading promoter of Modern Monetary Theory. Its central argument is that because countries like the UK issue their … Continue reading Review: Stephanie Kelton, The Deficit Myth
Labour market figures for March to May, published today, show official unemployment remains at 3.9% or 1.35 million. Of course, 9.4 million employees are furloughed, being paid but not actually working. A further 2.4 million of the self-employed are receiving financial support, while another 500,000 are temporarily away from their employment, so while not unemployed … Continue reading The vagaries and complexities of labour market statistics
With the economy experiencing a huge downturn, attention has focussed on likely loss of jobs in the hospitality and retail sectors, many of which are considered ‘low skilled’ (as well as disproportionately performed by young people). But according to the OECD’s Employment Outlook for 2020, In the United Kingdom, new online job postings for middle-skill … Continue reading Stuck in the middle with Williamson
Welcomed by the TUC and Labour, Rishi Sunak’s announcement of a £2 billion job placement scheme for 350 000 young people likely to be unemployed as a result of the Covid crisis, is a big step for a Tory Party that less than six months ago was committed to reigning in public spending to balance … Continue reading Sunak’s job placements: kick starting the Covid Generation?
The Chancellor has announced plans to triple the number of 'traineeships', giving businesses a £1,000 bonus for taking on a young person. So what are traineeships and what does it mean for young people? To begin with traineeships are not new. They were started in 2013 as a pre employment opportunity for young people under … Continue reading Sunak promises more: but what are ‘traineeships’?
The latest Institute for Fiscal Studies report outlines the perilous financial situation facing universities. UK higher education expanded as a result of 'mass participation' – as young people, encouraged by government, but also facing declining employment options flooded to university despite the fees. As a result, the total income of the UK university sector is … Continue reading With up to 13 universities facing bankruptcy; is the student bubble about to burst?
Jane Lethbridge and Patrick Ainley Business Faculty, University of Greenwich This Green paper is an indicative draft for discussion, a think-piece for staff and students at a university confronting the crisis of Tertiary Education with proposals presenting Green policy solutions. Introduction Tertiary Education (TE) is in crisis due to the Covid-19 pandemic impacting upon … Continue reading THE COVID-19 CRISIS AND THE FUTURE OF TERTIARY EDUCATION, A GREEN PAPER
Martin Allen & Patrick Ainley (presentation to Socialist Education Association 26/06/20) Download in Word format Losing out most from the financial crash of 2008 but already referred to as a ‘Lost Generation’ today’s youth, whether they are students or looking for employment will constitute a ‘Covid Generation’ and continue to suffer prolonged disadvantages. Yet the … Continue reading What price the Covid Generation?
As a previous post has indicated, the Covid crisis has given new impetus to working from home. https://education-economy-society.com/2020/04/02/theres-no-place-like-home-working-practices-after-the-crisis/ Subsequent findings confirm its increasing popularity. According to UGov (13/05) more than 4 in 10 of the pre-crisis workforce are exclusively working from home (38%), with another 8% now doing so some of the time. Prior to … Continue reading Zoomie jobs and Zombie jobs