Monday 6 February 2006

Economic illiteracy alert

Or, where's Bastiat when we need him?

We are told that Labour boosts service jobs:

MORE than 3.3 million jobs have been created in service firms since Labour came to power in 1997, new research showed today.
Isn't it a surprise to learn that the GMB union seems to understand economics more than the business writers on the Evening News?
... the new jobs offset huge cutbacks in manufacturing and that just over half of the posts were full-time.
Yes, it's the "Seen and the Unseen" yet again.

Needless to say, many of those manufacturing jobs have gone because of the socialist policies of Za-NuLab, and even more would have gone had the GMB been more influential.

But the point remains: How on earth does anyone know how many of those new service sector jobs have anything at all to do with the policies of the government?

No comments: