Political Currency
EMQs: Can we get young people back to work?
Feb 10, 2025
This week's discussion tackles the pressing issue of youth unemployment, with insights on the economic impact of worklessness. The hosts debate the efficacy of public spending and respective tax reforms. They also explore the Office of Budget Responsibility's role in shaping policies amidst rising demands. Historical examples underline the importance of effective policymaking in crises. Additionally, the conversation highlights how psychology can guide public policy, especially in addressing the societal effects of the pandemic on those re-entering the workforce.
41:05
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Quick takeaways
- The podcast emphasizes the urgent need for efficiency in public spending as current levels are unsustainable, pushing for reforms that promote innovation.
- A critical examination of the intersection between psychology and policy highlights how understanding human behavior can enhance effective governance and citizen engagement.
Deep dives
The Importance of Public Sector Efficiency
The discussion emphasizes the need for a more efficient public sector, suggesting that government spending has reached unsustainable levels. Concerns about the growing size of public expenditure, which now accounts for nearly half of the GDP, highlight the necessity for reform. A focus on efficiency rather than austerity is proposed, indicating that innovation and entrepreneurship should drive economic growth. The potential for public service reform is touched upon, suggesting that a discussion on improving service delivery has been lost in recent years.
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