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The unemployment rate is relatively low at 4.4%. The pernicious gig economy may certainly be driving low wages, but the government is starting to clamp down on
by Angostura 2y ago
The unemployment rate is relatively low at 4.4%. The pernicious gig economy may certainly be driving low wages, but the government is starting to clamp down on that.
Housing is arguably expensive because it is being treated as an investment opportunity. I remember when the 2012 Olympic Villiage flats were put up for sale. Many locals were excited at the prospect. In the end most were snapped-up by firms buying 10s or hundreds of them
- zelos 2y agoThe official unemployment figures hide a lot of detail, though. It looks like youth unemployment is roughly 3 times the overall rate, plus anecdotally there's a lot of under-employment: intelligent young people with decent degrees working minimum wage jobs etc. https://www.ons.gov.uk/employmentandlabourmarket/peoplenotinwork/unemployment/timeseries/mgwy/lms https://www.ons.gov.uk/employmentandlabourmarket/peoplenotin...