What the hell just happened?October 22, 2020 Tim WorstallEconomics6 CommentsThe Guardian’s just published a sensible, accurate, piece on poverty and inequality. Who made this mistake? previousGo buy some cheap t-shirtsnextAmazingly no, this isn’t how it works 6 thoughts on “What the hell just happened?” dearieme October 22, 2020 at 10:35 am “Who made this mistake?” Someone close to retirement, whether he knows it or not. Andrew M October 22, 2020 at 11:38 am “it would be far better simply to subsidise low wages for those able to work” That’s what we do with Working Tax Credits, and we had (pre-Covid) very high employment rates. dearieme October 22, 2020 at 11:44 am “That’s what we do with Working Tax Credits, and we had (pre-Covid) very high employment rates.” Could that be part of the explanation for the much complained about low productivity of the British workforce? I mean, if you subsidise low-output people to work you’d get low productivity, wouldn’t you? It’s obvious that having them at work rather than mouldering on a dole could be better for them and for the rest of us, but does it carry the consequence of low productivity? If so, does that low productivity matter all that much? Pat October 22, 2020 at 12:11 pm I note that the three years pre-covid are picked out as being especially helpful to the low skilled. The author could have said the first three years of Trump’s administration. I wonder why he didn’t. Chris Miller October 22, 2020 at 11:04 pm Productivity and employment vary inversely. Matt October 23, 2020 at 9:10 am @dearieme I’ve always thought that excluding the un/under-employed from the denominator of the productivity quotient is silly. Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment Name * Email * Website Save my name, email, and website in this browser for the next time I comment.