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Social Policies are concerned with various issues but for the benefit of this essay I shall be concentrating on the issue of unemployment In order to understand the concept of market liberalism with regards to unemployment it is important to first take into consideration the social reformist approach to unemployment in order to consider the strengths and weaknesses of market liberalism As individuals others often initially enquire us as to what we do for a living Employment is a major part of social society We often complain about the fact that we have to work and at times suggesting that we are only in it for the money however this is not strictly true Employment not only offers us a regular income it also provides social status structures our days weeks years and our life However with the loss of employment comes unemployment People who are unemployed not only face financial implications but personal and social implications too Unemployment a without a paid job not in use Unemployment The oxford Popular Dictionary 1998 p547 Unemployment in Britain was a recurrent problem Immediately after the First World War the government mishandled the discharge of servicemen back into civilian life and unemployment escalated rapidly Subsequently the economy picked up and the problem decreased However this proved to be a short-term respite and by 1921 registered unemployment was estimated to be over 2 million Unemployment remained over a million throughout the period declining slowly in the middle 1920s however then rising sharply in 1930 By 1031 the unemployment figure was over 2 million and did not decline below 2 million up until 1936 In Hill 1993 p23 Keynes publishing of General Theory of Unemployment Interest and Money in 1936 identified that unemployment had a multiplier effect Keynes suggested that the unemployed became a burden on the budget they did not have the resources to purchase consumer goods and therefore could not contribute to taxes
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