Saturday, 17 October 2009

Where will the jobs come from?

Since I've had more time recently to read and think, and especially since "discovering" the blogosphere, I've surprised myself by becoming better informed about the current political and economic situation (mess). Also, more appalled at what is going on around us, and especially how the public are being deceived and manipulated, from the national curriculum to the utterings of politicians.

One thing has been really bugging me lately. That is, where are the jobs going to come from to satisfy the demand of the growing ranks of the unemployed?

The recovery from the last recession was supported to no small extent by the explosion of the financial sector. It's hard to see many jobs being created in that area in the foreseeable future - indeed jobs are still being lost there (example: announcement yesterday by LTSB of 460 jobs as discussed by John Redwood here) and it seems likely many more are still to go. Apart from very specialised niches, it's hard to see how much in the way of manufacturing industry is feasible, until and unless costs in the far east and India rise sufficiently to erode the competitiveness gap. We all know that the official unemployment figures understate the number who want to work, and the number who can and should work. While the government proudly discuss the hundreds of jobs they are "creating" through things like apprenticeships (and I wonder how many of those will turn into long term, permanent and full time jobs), it's merely scratching the surface, and to be honest, hardly worth doing.

I know Cameron plans to improve the climate for private enterprises to be created and succeed more easily, by reducing business taxes and red tape (which is very important and long overdue) but I find it hard to see how a real surge in the creation of jobs is going to happen. I'd love to hear someone address this properly - it seems to be possibly the biggest issue facing us, especially as we ought to add to the unemployed numbers the number of people that will have to move from the public sector to the private sector. Personally, I'll be looking for ways to stand on my own two feet, rather than expect to be employed by others for the rest of my working life (however long that happens to be).

Apologies for my rambling writing style - hopefully it will improve if I can keep my blog going.

Any ideas or reassurance?


  1. Personally, I intend to get into nuke power stations when the rush starts in a couple of years. And there will be several, with no staff to build them. They're having enough trouble recruiting as it is.

    Aside from that...buggered if I know. Manufacturing might be a go-er when we couple mass unemployment with hyper-inflation, but that's hardly a silver lining, is it?

  2. That's my fear - that jobs will come in areas like manufacturing once we're impoverished as a nation.

    The nuke power stations is an ironic idea - very likely (best power source available) - but not exactly what the greenies would call green.