Claims that Iain Duncan Smith’s ‘welfare reform’ has created a ‘jobs miracle’ are thoroughly debunked in this article, reposted from the National Institute of Economic and Social Research.

The lovely wibbly wobbly old lady

Reposted from the National Institute of Economic & Social Research

Now, we all know how IDS and Gidiot love their stats, maybe they should read this …

The recent performance of the UK labour market since the financial crisis has astonished almost everyone. Employment did not fall nearly as much as might have been expected, given the size of the contraction, and the subsequent period of stagnation.  And when it started growing again it grew much faster than expected.  The overall employment rate is now back more or less at its previous peak (in early 2005) and may well rise even further.

What explains this?  Most analysis so far has focused on both the upsides and downsides of the flexible labour market that labour market and welfare reforms have created over the past 30 years, under governments of both parties.    Lots of jobs are being created and unemployment is much…

View original post 1,132 more words

Advertisements