Why its smart to invest in jobs
- Aug 4, 2009
- 1 min read
Yesterday I got confirmation of the Government’s decision to award millions of pounds to Birmingham and its partners to help create 7,500 jobs – especially for young people. Today, there’s fresh evidence highlighted in the New York Times, of just why its so important to keep people in work. Economist, Till von Wachter finds;
“even 15 to 20 years later, most (workers) on average had not returned to their old wage levels. He also concluded that their earnings were about 15 percent to 20 percent less than they would have been had they not been laid off.”
“One of the main reasons for the drop-offs, according to economists, is that workers who endure a layoff are more likely to be laid off again.”
Naturally the Conservative party opposed the Future Jobs Fund…
Investing in jobs isn’t just about short-term growth—it builds long-term economic stability by helping people maintain income, skills, and productivity. Studies show that workers who lose jobs often face lasting wage declines and repeated unemployment risks, making proactive job investment even more crucial . This also connects with education systems where tracking outcomes like Shala Darpan Result helps understand student progress and future workforce readiness, reinforcing how early development links directly to employment strength and economic resilience.
Great insights in this article highlighting why investing in jobs is essential for long-term economic stability and social growth. When governments focus on employment opportunities, communities become stronger and individuals gain financial security. In a similar way, welfare and housing initiatives also support stability, especially through schemes like प्रधानमंत्री आवास योजना ग्रामीण ऑनलाइन आवेदन, which help rural families access safe housing while improving living standards. Policies that combine job creation with social support can truly build sustainable progress for future generations.
Insightful read—really smart to highlight how long-term earnings can take a hit after a layoff. Shows why investing in job creation matters not just now, but for decades ahead
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