Full report here:
Jobless total hits 16-year high - Yahoo! News UK
So 20% of people who would otherwise work are not working.
If the remaining 80% in work improved productivity to German levels, perhaps another 10-20% people would not be needed.
So that shows you roughly how big the UK economic pie is - rougly enough to support only 60-70% of the population by a rough estimate.
Jobless total hits 16-year high - Yahoo! News UK
So 20% of people who would otherwise work are not working.
If the remaining 80% in work improved productivity to German levels, perhaps another 10-20% people would not be needed.
So that shows you roughly how big the UK economic pie is - rougly enough to support only 60-70% of the population by a rough estimate.
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