THERE will be a large number of new government economic policies announced over the next few days (especially in tomorrow's mini-budget), but this one caught my eye as a good example to be noted of a new supply side policy.
You can read all the details in the article below, but the basic idea is to require those workers who are currently employed part-time and also receiving benefits to take action to find full-time work. If effective, this would reduce spending on benefits and also increase the labour resource in the economy.
If you were writing about this in an essay, how would you show this policy on a diagram?
Which evaluation point(s) would you choose?
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