Search This Blog

Monday 31 December 2018

Unemployment

The Elizabethan Poor Law of 1601, one of the world's first government-sponsored welfare programs, gave help to the poor by taxing the more wealthy. However the unemployed were given work to do mainly sewing and waving type work and vagrants and beggars were to be whipped and sent back to their home village.

Unemployment was so high in England in 1634 that Charles I compelled the demolition of a newly erected mechanical sawmill because it threw so many sawyers out of work.

American Puritans placed common welfare ahead of self-interest and set modest caps on profit-making. Unemployment was virtually nonexistent in New England. A visitor from abroad testified, "In seven years I never saw a beggar."

In Britain, for at least 150 years before 1939, the supply of labour always succeeded demand except in wartime, and economic crisis accompanied by mass and employment were recurrent from 1785.

The percentage of unemployed (in trade unions) averaged six during 1883 -1913 in the UK. In 1908 William Beveridge entered the Board of Trade and became director of labour exchanges. The following year he published his notable report, Unemployment, in which he argued that the regulation of society by an interventionist state would strengthen rather than weaken the free market economy.

David Lloyd George’s revolutionary 1911 budget introduced unemployment insurance to the UK. It ignited the social revolution and provided the framework for today’s welfare state.

As Chancellor of the Exchequer, Winston Churchill oversaw Britain's disastrous return to the Gold Standard, which resulted in deflation and unemployment. Churchill later regarded this as the greatest mistake of his life.

The percentage of unemployed (of those covered by the old unemployment insurance acts) averaged 14.2 between 1921 to 38 in the UK.

Franklin D Roosevelt set out in 1932 to counter the Great Depression when there were 13 million unemployed in the USA and almost every bank was closed. He campaigned for the presidency with these words "I pledge you, I pledge myself to a new deal for the American people."

Unemployed men outside a soup kitchen in Depression-era Chicago,1931

Once Roosevelt was elected as president he introduced the New Deal program. The New Deal included employment on public works, farm loans at low rates, raising of agricultural prices by restriction of output. Combined with the program was the introduction of unemployment insurance.

Many of The New Deal's provisions were declared unconstitutional by the Supreme Court in 1935-36, and full employment did not come until World War II.

World War II and the rebuilding and expansion which followed meant a shortage of labour rather than employment in the Western world, and in Britain in the 1950s the unemployment rate fell to 1.5%. Fluctuation in levels returned in the 1960s and has continued since.

The ideas of John Maynard Keynes were influential in the case of many western government unemployment policies during the 1950s and 1960s. The existence of a clear link between unemployment and inflation (that high unemployment can be dealt with by governments only at the cost of higher inflation) is now disputed.

The Big Issue magazine launched in 1991, with financial support from the Body Shop, to 'help the homeless help themselves'. They make money by selling the Big Issue on the streets (originally in London, but now also in several provincial cities), and the magazine's profits are used in grants to the homeless. At first a monthly (but weekly from 1993), it deals with the arts and current affairs as well as issues relating more specifically to housing and unemployment.

The Labour Department reported that the UK's unemployment rate fell to a 29-year low of 4.2 percent in March 1999.

In October 2011, the Indian organisation Swabhiman Sanghatana, headed by Nitesh Narayan Rane, set a Guinness World Record by conducting a job fair in Mumbai which gave over 25,000 jobs to unemployed youth.

In 2013, 20% of families in the US were unemployed – ie not one employed person in the family.

6% of the world's workforce were without a job in 2012.

Unemployment rate in the EU Heycci - Eurostat: 2016 (September): 

In 2013, 20% of families in the US were unemployed – ie not one employed person in the family.

8 of the top 10 cities with highest unemployment rates in America are in California.

No comments:

Post a Comment