Increasing the national minimum wage - Can be inflationary. Firms may move jobs to other countries e.g. manufacturing jobs or call centres., Education and training - Can be costly and have time lags. May be inefficient if people are not trained in skills employers want staff to have., Reducing trade union power - Most consider it a human right that workers should be able to negotiate over pay, conditions etc., Allowing more immigration - May place strain on housing and school services. Success depends on how productive the people are who arrive., Reducing unemployment benefit - Can cause inequality. Increasing incentives to work is only successful if there are jobs for people to go to – lack of skills or aggregate demand may make finding employment difficult., Reducing direct taxes - May possibly reduce revenue received by the government. May have inflationary effects., Help for small/new firms - Success depends on other issues such as business confidence. Can be expensive., Privatisation - Quality may fall. Private firms will not take issues of fairness or externalities into account.In the short term this may lead to structural unemployment as uncompetitive industries decline. Cutting tariffs means a loss of government revenue., Reducing protectionism - In the short term this may lead to structural unemployment as uncompetitive industries decline. Cutting tariffs means a loss of government revenue., Spending on infrastructure - Can cause environmental damage and other negative externalities. Is likely to be expensive., State funded childcare - Can be expensive. Some may argue that children are better cared for at home with their parent.,

Supply Side Policy - Evaluation Points

tarafından
Yerleştir

Skor Tablosu

Görsel stil

Seçenekler

Şablonu değiştir

Otomatik olarak kaydedilen geri yüklensin mi: ?