Tuesday, 1 February 2011

Are we all becoming part timers?

The National Institute of Economic and Social Research has warned that Britain will have a long way to go to put right the damage caused by the financial crash of 2008.

Oh good if the "experts" tell us this it probably means things will get right much sooner!

Mind you it is astonishing that out of the 200,000 new jobs created in the last year only 6000 of them were full time.

This means that 97% of the posts were part time.

The problem seems to be that employers are reluctant to take on full timers at this stage of the economic cycle.

The trouble is that despite all the money spent on trying to predict the future nobody really knows the answer.

I am always fascinated by watching eminent economists arguing about policy.

How can "experts" have such different views about the same thing? It just goes to show how much running a country (any country) is not an exact science.

Anyrate let's have a joke:- Last week I replaced every window in my house. Then I discovered I had a crack in my glasses!

On this day: 1st February

In 1790 the US Supreme Court met for the first time

In 1966 Buster Keaton died.

In 1901 Clark Gable was born.

John F. Beaumont

In fact I sometimes wonder whether we even know the question.