David Blanchflower and Roger Bootle on U.K. Economy

The video discusses the issue of underemployment in the UK, highlighting its impact on wage pressure and economic dissatisfaction. It examines the challenges faced by the UK economy, including the effects of Brexit and the need for fiscal stimulus. The discussion critiques past austerity measures, suggesting they were a mistake, and emphasizes the importance of public spending and infrastructure development. The video concludes with a debate on the necessity of austerity and the potential for increased public borrowing to stimulate economic growth.

Why is underemployment considered more crucial than unemployment in the current UK labor market?

• It affects a larger number of people.

• It is the main factor keeping wage pressure down.

• It is easier to measure than unemployment.

• It has been a long-standing issue.

What is one of the suggested solutions to improve the UK's economic situation?

• Reduce public spending further.

• Increase taxes on the wealthy.

• Implement stricter immigration policies.

• Boost the economy with fiscal stimulus.

What was one of the consequences of austerity measures in the UK?

• Increased public services.

• Decrease in crime rates.

• Higher real wages.

• Collapse of social infrastructure.

What is the current economic condition that supports increased public borrowing?

• High inflation.

• High interest rates.

• Low interest rates.

• Low unemployment.

What is the stance of Roger Boodle regarding austerity?

• He believes it was a mistake.

• He thinks it was necessary at the time.

• He is undecided on the issue.

• He supports further austerity measures.