Depois da forte correlação entre o aumento do desemprego e o aumento do salário mínimo nacional. evidenciada na parte I, eis outra experiência, desta vez feita em Inglaterra e destinada a tornar mais atraentes os empregos com salários baixos.
Em Inglaterra nos últimos anos fez-se uma experiência interessante; baixar os impostos sobre os baixos salários, para os tornar mais atractivos, sem massacrar as empresas, (porque o governo ia despedir meio-milhão de funcionários públicos e, por isso, reduzir a procura interna) e, ao mesmo tempo, baixar o IRC e aumentar a pressão sobre os que estando no desemprego não querem trabalhar:
"The number on Jobseekers Allowance fell by 30 per cent last year alone and the youth claimant count stands at its lowest since the 1970s. Birmingham added more jobs to its economy last year than the whole of France; Britain is adding more than the rest of Europe. David Cameron can take credit for creating more jobs than any first-term prime minister in postwar history.Trechos retirados de "A jobs miracle is happening in Britain, thanks to tax cuts. Why don't the Tories say so?"
The conventional Keynesian wisdom, to which Miliband subscribed, is that government spending cuts make the economy weaker: fewer public sector workers means less money spent in the shops, so less demand, therefore more unemployment. Osborne saw things differently. What if the problem was not the supply of jobs, but the supply of willing workers? If you cut taxes on low-paid work, it becomes more attractive: more people want to move from welfare. Especially if welfare reform makes it harder to game the system.
Much of the jobs boom is to do with income tax cuts, or raising the starting rate of tax — from £6,475 to £10,600 over the past five years — a Liberal Democrat policy that ended up meaning that work pays more. Crucially, these tax cuts have made low-paid work much more attractive. The take-home pay of a minimum-wage worker has risen by about 20 per cent over the past five years, twice as fast as the average salary.
Osborne’s corporation tax cuts have helped: he inherited a rate of 28 per cent and has lowered it each year — it will fall to 20 per cent next month. This has given a massive stimulus to the economy: companies that pay less tax have more money to spend on hiring workers."