until you can limit the size of the labour pool you won’t ever be able to achieve full employment

I can’t think of a time in UK history has there been a) full employment and b) a limited labour pool? There has always been immigration from the Continent (because immigration controls didn’t really exist before the 20th century), from Ireland, from Italy, from Jamaica/Pakistan, from Hong Kong etc right up to the EU.

The Poles (Czechs, Bulgarians etc) are just the latest wave of immigrants to the UK about whom there has been moaning and fearmongering as to the risk of the natives being left as the feckless, undeserving poor etc. What’s interesting is how many of them have actually left due to the downturn.

“Full employment = stagnation”

War! What is it good for? = Full employment

if you find out what this New World Order they keep banging on about is then you will know that THEY need the current system to totaly collapse to impliment it, so No we wont recover anytime soon (unless we ALL put our collective foot down).
and we know Thats never gonna happen ….. 🙄

Labour didn’t beleive them – even after 3 Plcs moved offshore (Shire, Wolesey, WPP).

In light of the cut to corporation tax (which will enable companies to increase internal investment), WPP are now considering moving back to the UK for tax purposes. How is this a bad outcome?

[cynic mode] Nothing to do with old school cronieism then???

The wealthy capitalists have always taken / threatened to take their wealth out of the UK with Labour in power, and hey presto – back in the UK to support their blue school pals…[\cynic mode]

I heard Martin Sorrel (?) on the radio last week – of course, the UK economic climate has improved so much that he is going to bring his business back…..

ETA regarding full employment – of course we have had it in the past:

– as serfs working on the masters’ estates.
– as worker ants in the first flushes of the industrial revolution, large scale population movement – not across countries, but from country to town as the rural poor tried to escape the grinding poverty of working for the only landowner around, and;
-in wartime

Has it been a policy aim of any of the political parties in the last 20 years to achieve zero unemployment ?

It’s unlikely to happen without that first step.

tory cheers as the cuts to public sector jobs were announced back in the emergency budget do make you wonder

rkk01 – suggest you read up on the fiduciary duties of company directors.

The WPP move has everything to do with the requirement on directors to act in the interests of shareholders. With that comes a requirement for Directors to consider where a company should be headquartered in the eventuality that the company derives most of its income overseas, as is the case with WPP.

With UK advertising spend now increasing after some years of decline (The recent improvement in ITV trading results provide more evidence of this), it’s entirely legitimate for WPP’s Board to reconsider where they should be headquartered, not least in light of the change to corporation tax.

The WPP move has everything to do with the requirement on directors to act in the interests of shareholders. With that comes a requirement for Directors to consider where a company should be headquartered in the eventuality that the company derives most of its income overseas, as is the case with WPP.

I’m sure it does / did…

entirely legitimate for WPP’s Board to reconsider where they should be headquartered

and of course, an entirely commercial decision – no need to read any politics into it at all 😉

Nothing to do with old school cronieism then???

Well if it is, having old school croneys in government is clearly a good thing.

ETA regarding full employment – of course we have had it in the past:

– as serfs working on the masters’ estates.
– as worker ants in the first flushes of the industrial revolution, large scale population movement – not across countries, but from country to town as the rural poor tried to escape the grinding poverty of working for the only landowner around

Unemployment is a consequence of industrialisation. And starvation was a consequence of serfdom. Ever since the economy ceased to be dominated by agriculture and self-employed artisans there has been unemployment, except during decades when social-democratic principles of government intervention were applied. Unemployment is not inevitable, not even within a capitalism system. Full employment does however create huge problems for those who believe in the supremacy of market forces. And for that reason it cannot be tolerated and the myth that unemployment is an inevitable phenomena is relentlessly promoted.