Unemployment as Policy: Federal Layoffs, AI, and Corporate Understaffing
The Jobs Report from the National Jobs for All Network
1 min read
Sunday, 19 October 2008
But the move is another major gamble by the Government, after the 500bn pound bailout of the banks, because it depends on a major recovery by the time a public spending black hole emerges in 2010.
In a further sign of the impact of the crisis on the real economy, universities yesterday warned they are on the verge of a financial crisis because of soaring rates of inflation, and may be forced to cut costs or call for voluntary redundancies among staff.