As part of my research, over the last 7 years, I noticed a divergence between stated policy objectives and the implementation of the policy. Many of our policies, though well intentioned, have led to perverse incentives. I can’t call them unintentional consequences, due to the divergence I mention above.
Key Policy Objectives include ( but not limited to):
Financial Stability (Pensions, Cost of Living, Indebtedness)
Employment & Wages (How long you work, where you work, how much you are paid)
Public Debt / Fiscal Policy (Governments creating money and getting back excess liquidity)
Housing (Housing stock and Houses in Multiple Occupancy)
Health & Social Care (Meeting the need for health interventions)
Public Services (Infrastructure, Transportation, Prisons, etc.)
Now, to do all that, we need:
A young population. Our median age is 40, and has been going up every decade. Either the birth rate improves, or we motivate young migrants to come here.
We need to engage the young population, so that they contribute to taxes and national insurance. Youth unemployment should be low, and they should be in formal sectors where they build a career (as opposed to informal jobs).
Do we do that? No.
So if the big boys profited from the perverse incentive between the policy objectives and implementation, that too specifically the younger generations, why are you not benefitting from that?
