Sly Saint
Senior Member (Voting Rights)
FT
This was being discussed on Newsnight last night and I was a bit concerned that they were pinning 'economic inactivity' largely on those with LTC.
although this report would seem to say otherwise (at least for those aged 50-69)
https://ifs.org.uk/publications/16087
I'm guessing that targeting of LTCs will become a priority and bps/pro cbt proponents, who have already started moving into this area, will be taking advantage and offering further 'cost-effective solutions' (ie boom time for ACT, digital therapeutics etc)
eta:
see also ONS stats
INAC01 SA: Economic inactivity by reason (seasonally adjusted)
https://www.ons.gov.uk/employmentan...cinactivitybyreasonseasonallyadjustedinac01sa
This was being discussed on Newsnight last night and I was a bit concerned that they were pinning 'economic inactivity' largely on those with LTC.
Ever since Tsar Nicholas I’s rumoured coining of the phrase to describe the Ottoman Empire in 1853, the “sick man of Europe” has been a metaphor for decline. But for the UK in 2022, it is a precise diagnosis of an underlying problem that appears exclusively British.
By the time the Covid-19 pandemic had roiled on for a year of repeated viral waves, with their attendant cycles of social and economic restrictions, a significant exodus from the labour force was visible everywhere from the UK to the US, the EU and even Oceania. Millions dropped out of the workforce to recover from a bout with the virus, to care for a vulnerable relative or homebound child, or to take early retirement.
So it is not surprising that Britain’s labour force is smaller than it was in late 2019. But until now it has not been clear quite how exceptional the UK is in this regard, nor the cause of the malaise.
In country after country, almost as quickly as people left the labour market, they returned. In the EU, there were 5.8mn missing workers by summer 2020, but by late 2021 inactivity rates were back on the pre-pandemic trend. All but one of the 38 OECD member countries had either completed their labour force rebound or were well on the way there by the first quarter of 2022.
Not in the UK. As 37 countries saw an ascent and descent in inactivity rates, Britain’s line kept climbing. Uniquely among developed countries, the number of working-age Britons who are neither employed nor seeking work has risen in almost every quarter since the end of 2019, and was higher in the first quarter of 2022 than at any time since the pandemic hit.
Chronic illness is the main driver of this stalled labour recovery. Of the roughly half a million Britons aged 15-64 missing from the workforce, two in three cite long-term illness as their reason for not holding or seeking a job. It would be easy to point the finger of blame at Britain’s handling of the virus, but the data suggest otherwise.
https://www.ft.com/content/c333a6d8-0a56-488c-aeb8-eeb1c05a34d2Britain’s rise in chronic illness predates the onset of the pandemic.
With direct impacts of Covid ruled out, the most plausible remaining explanation is grim: we may be witnessing the collapse of the NHS, as hundreds of thousands of patients, unable to access timely care, see their condition worsen to the point of being unable to work. The 332,000 people who have been waiting more than a year for hospital treatment in Britain is a close numerical match for the 309,000 now missing from the labour force due to long-term sickness.
although this report would seem to say otherwise (at least for those aged 50-69)
Overall, it does not seem as if poor health is the primary driver of these increases in economic inactivity rates. The fraction of workers in their 50s and 60s moving from employment into being economically inactive due to ‘long-term sickness or disability’ has stayed relatively constant, with around 0.3–0.5% of 50- to 69-year-old workers per quarter making this transition both before and after the pandemic. Growth in health-related reasons for leaving the labour force only accounts for 5% of the overall growth in inactivity among this age group. And changes in transitions from employment to inactivity are similar between those with and without a long-standing health condition.
https://ifs.org.uk/publications/16087
I'm guessing that targeting of LTCs will become a priority and bps/pro cbt proponents, who have already started moving into this area, will be taking advantage and offering further 'cost-effective solutions' (ie boom time for ACT, digital therapeutics etc)
eta:
see also ONS stats
INAC01 SA: Economic inactivity by reason (seasonally adjusted)
https://www.ons.gov.uk/employmentan...cinactivitybyreasonseasonallyadjustedinac01sa
https://www.unum.co.uk/article/long-term-conditions-at-workIn March 2022, ONS figures report 2.3 million workers in the UK aged 16-64 were economically inactive because of long-term sickness (with a long-term health condition that’s lasted at least 12 months).8 That’s more than 5% of the total population aged 16-64.6
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