During the UK general election there was a lot of talk about the pain and unfairness of austerity cuts and the need for welfare-to-work changes to balance the books. Two elephants in the room were worker productivity and housing supply.
Whether you’re a Tory supporter or not, there’s little viable future in getting more UK people into minimum wage jobs to cut the welfare bill, when they cannot meet a rise in the cost of living, their future job is threatened by automation and most of their net wage goes on housing costs. Not to mention higher unemployment elsewhere in Europe encouraging foreign workers to migrate to the UK seeking UK minimum wage jobs.
How about diverting the £100B from Trident to education investment to upskill the current workforce instead?