The Government attempts to curb rising unemployment with job creation schemes and subsidies, while the unions have come up with their answer — a cut in the working week. Stanley Alderson argues that neither of these ideas is likely to make a significant impact on unemployment and offers his own thoughts on what needs to be done: A ‘cheap’ money policy to encourage industrial investment, statutory control of overtime, and unemployment benefit paid by the hour instead of the week to overcome resistance to short‐time working.
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