Macroeconomics: UK economy, IB Economics
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Macroeconomics: UK economy, IB Economics
A brief overview of relevant articles for IB and A-Level all relating to the UK economy
Curated by Graham Watson
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Over-50s at work: 'You feel your usefulness has passed'

Over-50s at work: 'You feel your usefulness has passed' | Macroeconomics: UK economy, IB Economics | Scoop.it
New research suggests applicants are right when they say employers are less open to hiring older workers.
Graham Watson's insight:

The issue of post-Covid, and post-Brexit, labour shortages is one that currently plagues the UK economy with a rise in the number of economically inactive workers and fewer migrants.

 

However, the latest research appears to suggest that one of the reasons for this is the simple fact that firms themselves are viewing workers over 50 as less productive and thus not hiring them. 

 

Could it be that it's not the supply of workers alone that's responsible for ongoing labout shortages?

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A post-Covid economy will need to offer tools to help enterprises flourish | Economics | The Guardian

A post-Covid economy will need to offer tools to help enterprises flourish | Economics | The Guardian | Macroeconomics: UK economy, IB Economics | Scoop.it
Government schemes, like startup loans and help for self-employed, crucial for tackling UK unemployment
Graham Watson's insight:

Lord Young with an excellent piece in today's Guardian about what is going to be important in the wake of the pandemic in helping the economy to recover. He argues that post-Covid we are going to need carefully-targeted support of entrepreneurs and small businesses - however, he warns thatthe government is going to need to be brave.

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