Friday , February 26 2021
Home / Tim Worstall /Well, yes, we suppose so

Well, yes, we suppose so

Summary:
The Joseph Rowntree folks tell us that it’s the poor who have suffered recently:People who were trapped in poverty before the pandemic have suffered the most financial damage during the crisis, according to a report warning the government that more support is needed to help hard-pressed families. The Joseph Rowntree Foundation (JRF) said those who had been struggling to make ends meet before March last year were more likely to work in precarious jobs or sectors of the economy that had been hardest hit by lockdowns.Well, yes, we suppose so. Being poor, being lowly paid. is equivalent to being marginally attached to the workforce. That is where job losses are going to be concentrated for that very reason. The complaint is like insisting that tall people are more affected by low ceiling

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The Joseph Rowntree folks tell us that it’s the poor who have suffered recently:

People who were trapped in poverty before the pandemic have suffered the most financial damage during the crisis, according to a report warning the government that more support is needed to help hard-pressed families.

The Joseph Rowntree Foundation (JRF) said those who had been struggling to make ends meet before March last year were more likely to work in precarious jobs or sectors of the economy that had been hardest hit by lockdowns.

Well, yes, we suppose so. Being poor, being lowly paid. is equivalent to being marginally attached to the workforce. That is where job losses are going to be concentrated for that very reason. The complaint is like insisting that tall people are more affected by low ceiling beams, or radically shortened stature makes the high jump an unlikely sport to succeed at.

The correct reaction therefore being, well, and?

Once this is correctly pointed out of course we can answer that and? Which is that if this recession harms the poor, as it does, the answer is to end the recession. Get the vaccinations done, return to that full employment economy we had and things will be vastly better. You know, the things that are already being done, or at least attempted?

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Tim Worstall
Tim Worstall is a British-born writer and Senior Fellow of the Adam Smith Institute. Worstall is a regular contributor to Forbes and the Register. He has also written for the Guardian, the New York Times, PandoDaily, the Daily Telegraph blogs, the Times, and The Wall Street Journal. In 2010 his blog was listed as one of the top 100 UK political blogs by Total Politics.

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