Unit 2: Solutions to Unemployment

Thanks to the Year 13's today for their evaluative comments! Hopefully it has got Year 12 thinking about evaluation. 

This is a list of ideas that you guys came up with today...

1. Increase income tax for "rich people"
2. Increase corporation tax
3. Decrease taxation
4. Subsidies and grants for firms
5. Lower the retirement age
6. Depreciation of the exchange rate
7. Lower interest rates
8. Encourage FDI
9. Improve the mobility of labour by lowering house prices
10. Decrease the minimum wage
11. Offer tax breaks to businesses
12. Shake up the education system
13. Lower benefits

On Thursday we will be going over these solutions and thinking about their effects in more detail. Here are some articles for you to look at in the mean time:

Increasing the tax rate:

James mentioned France's 75% tax rate: Look here and here  and here for more information. 

Corporation Tax

Connor mentioned Ireland's low corporation tax rate's (12.5%) - David Cameron announced that the UK's Corporation Tax would be cut to 21% find out more here