[Closed] Will we ever be back to full employmnet, bit of a rant.

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???

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.