Unemployment in UK reached unprecedented rates
In the UK, the number of applications for unemployment benefits has increased, the Vesti.ru resource reports. The growth for the month showed a historical record, while the number of job offers on the market decreased. The UK is striving to return to the historical unemployment figures of the 1980s.
On the other side of the Atlantic, there is a similar situation. The US Department of Labor reported that around 10 million people lost their jobs in the second half of March. In the long run, experts expect unemployment to rise to 32% – this is about a third of the country’s working population.
Our state, at the same time with falling wages and reductions in the funded part of the pension, continues to support the oil and gas industry. However, the state money, as it turns out, in the long run, instead of developing and modernizing the “main” industry, goes into the pocket of raw resource oligarchs.
The situation in the world economy once again proves that there is no “right” or “wrong” capitalism. Capitalism, by its very nature, cannot cope with the crisis that has arisen.
Unemployment is the inevitable companion of the capitalist system.