Work work and then work again, to your grave. The rich, the elite and the Tories need their servants and slaves.
What is Human Capital?
The term human capital refers to the economic value of a worker's experience and skills.
The skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value or cost to an organization or country.
Long-term investment in human capital is crucial for growth and productivity
and for maintaining the UK’s international competitiveness.
As the country adapts to working for longer, the government is committing
to upskilling and retraining workers of all ages.
What is the simple definition of commodity?
A commodity is a basic good used in commerce that is interchangeable with other goods of the same type. Commodities are most often used as inputs in the production of other goods or services.
........................
The government’s employment strategy will focus support towards those groups where inactivity levels are high or where employment support is most needed, including the long-term sick and disabled, welfare recipients, people aged over 50, and parents.
..................
The long-term sick and disabled – there are more than 2.5 million people
reporting that they are inactive due to long-term sickness, an increase of 26%
since 2018. The disability employment rate in Q3 2022 was 30 percentage
points below the employment rate for non-disabled people.
• Welfare recipients – there are around 1.4 million people in Universal Credit’s
most intensive work search regime, who are either unemployed or on low
earnings and as such are expected to look for work or increase their hours. If
the size of this group was reduced by around 15%, there would be an additional
200,000 people in work or with higher earnings.
• Older workers – the UK’s inactivity rate for 55 to 64 year-olds is higher than
that of the best performing economies in the OECD. Matching the 55 to 64
inactivity rate of Sweden, a top performer, would add more than 1 million older
workers to the labour force.
• Parents – there are 1.7 million people in the UK who report looking after their
family or home as their main reason for inactivity. Parents in the UK can face
high childcare costs with net costs representing nearly 30% of the average
wage for a couple with two children; that is approximately double that of the
OECD average. The UK’s female inactivity rate is higher than that of the best
performing economies in the OECD. Matching the female inactivity rate of
the Netherlands, a top performer, would add more than 1 million people to the
labour force.
The government will embed tailored employment support within mental
health and MSK services in England, including expanding the well-established and successful Individual Placement and Support (IPS) scheme, and scaling up MSK hubs in the community. The government will also digitise the NHS Health Check to identify and prevent more cases of cardiovascular disease. These measures will support people with long-term health conditions to access the services they need, effectively manage their conditions and feel supported to return to or remain in employment.
The government will also pilot a new programme, WorkWell, to better integrate employment and health support for those with health conditions, supporting individuals into employment and to remain in work.
To support those claiming benefits who are long-term sick and disabled,
the government is publishing a Health and Disability White Paper. This sets out
ambitious and extensive reforms to make sure those with disabilities have the
right support, opportunities, and incentives to move into and remain in work. The Work Capability Assessment will be abolished and eligibility for the health top-up in Universal Credit will be passported via the Personal Independence Payment benefit. Claimants will benefit from tailored Work Coach support and be able to try work without fear of losing their benefits.
The government will introduce a new programme to support people with
disabilities and long-term sickness into work. A new Universal Support programme will match individuals in England and Wales who want to work with existing job vacancies, and ensure they are supported to enter and stay in work by funding the necessary training and workplace support.
The government is strengthening the way the sanctions regime is applied, by automating parts of the process to improve efficiency and reduce error, and ensuring that Work Coaches have the tools and training to implement sanctions as effectively as possible, including for failing to take up a job.
The number of inactive 50 to 64 year-olds has increased by 320,000 since
before the pandemic, with this age group accounting for 65% of the increase in
working-age inactivity over this period. Inactivity among older workers is higher than that of the best performing economies in the OECD (see Box 3.A) The UK has an ageing population, so increasing labour market participation for this group to bring it in line with rates seen in international comparators would grow the economy, while increasing the overall experience of the UK’s labour force.
The government believes that workers of all ages have a vital role to play in
their place of work and the wider economy. Through the policies set out in the
Spring Budget, the government wants to encourage inactive individuals aged
over 50 to stay in and return to work.
The employment rate and hours worked of parents, particularly mothers,
drops after childbirth and persists until after their children reach school age.
There are around 435,000 parents in England with children under 3 years who are inactive due to caring responsibilities.
assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1142901/Print_Budget_2023.pdf
www.gov.uk/government/publications/spring-budget-2023