The government's policy of reduced compensation and stricter rules for people to take any job is a policy to insure the employers who are looking for e.g. dishwashers that they can get hold of job seekers who are as highly educated as civil engineers and historians of ideas.
Nothing wrong with being a dishwasher, but that was hardly what you saw in your fortune teller when you chose to invest time, energy and money in getting a college degree. But worse, at least in the eyes of economists, it is a waste of society's resources. It is far from free for society to train graduates and so they should not get more qualified jobs than such as dishwashers.
Is this a way to make the children of low- and middle-income earners who do not have the possibility of financial support from their parents to endure while waiting for a qualified job to give up the idea of a meritorious job? Is it a way for the government to knock working and middle class children out of the fight for skilled jobs.
In the United States, which has an even worse social security system, there is a whole generation of graduates who, after an academic degree, have to settle for a living as a coffee shop attendant at Starbucks or similar jobs.
Face the fact: The Right and Capital have never wanted and never will want sufficient employment. Because with full employment, the workers and civil servants can start making reasonable demands. And this is horrendous in the eyes of the Right and Capital.
The government has cut taxes by 100 billion since 2006. Raise taxes to 2006 levels. At that time, most people lived well and the economy did extremely well in international measurements. With such a tax increase, we could have created hundreds of thousands of jobs in the public sector to eliminate unemployment.
The government's employment tax credit is not there to get more in our wallets. It is a policy to make us lower our wage demands. High salary before and after tax, not just after tax I say. The price of in-work tax credits is that you can get on well between the ages of 35-55 if you're well educated and lucky, but you get a poor and stressful schooling that brings a lot of mental illness before then. If you get sick, if not earlier when you are old, it is difficult to get care and if you do get care now, it is due to stressed and understaffed care staff with a high probability associated with health risks.
LO's proposal for more jobs in the public sector would only require a tax increase of 70 billion. Then we would still have 30 billion left to lower the tax for low income earners compared to the 2006 tax rates.