Quote: Ajw71 "There will always be a number of people who work part time who want to work full time. I suspect this is nothing unique to this point in time. Whether this 'means we have underemployment' is dubious. Having a job is better than no job at all.
Mark Carney was pursued for a long time by Osborne to head up the Bank of England, so credit must go to him for his appointment.
What is clear is that nearly every indicator of economic growth is now positive after the mess Labour left.'"
What is clear is you have been slapped down by none other than he governor of the Bank of England.
1. According to him 3/4m people have less work than they want (the underemployed) not because "There will always be a number of people who work part time " but because they can't find full time employment.
2. According to him the current economic growth is fragile and is not based on a rebalanced economy.
I suppose you have the economic cudos to disagree with this as well:
"None of this is to suggest that current levels of economic activity are acceptable or that the world economy is no longer under strain. After the Great Moderation and the Great Recession, there are several reasons why it will be years before any superlatives are attached to this recovery."
So here we have the governor of the B of E saying that and you shouting from the rooftops about the recovery.
Proof, if ever we needed it, that you are economically illiterate.
