Why the government’s welfare reform can’t work | new economics foundation

English: New Economics Foundation logo and slogan

English: New Economics Foundation logo and slogan (Photo credit: Wikipedia)

This excellent article by NEF is a MUST READ in my view. Check it out!

Why the government’s welfare reform can’t work | new economics foundation.

This highly readable article shares NEF’S latest research into David Cameron’s Government‘s welfare reform.

Whatever your political beliefs about welfare, surely the evidence is that the UK Government has botched reforms, causing hardship with limited economic gain?

Any thoughts?

 

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Universal credit is doomed – one-size-fits-all suits no one | Penny Anderson | Comment is free | theguardian.com

English: Benefits Chain Diagram

English: Benefits Chain Diagram (Photo credit: Wikipedia)

This article by Penny Anderson, in the Guardian, is WELL WORTH A READ. Check it out!

Universal credit is doomed – one-size-fits-all suits no one | Penny Anderson | Comment is free | theguardian.com.

Personally, I too think that Universal credit is likely to fail but I fundamentally disagree with Penny Anderson’s proposal for for greater customization of benefits; here’s a summary of her viewpoint:

To work efficiently, benefits must, by necessity, be complicated

As an expert in strategic cost management, let me share some fundamental principles.

Firstly, customized complexity is inherently more costly as a basic product or service.

Secondly, standardized high volume products or services are much cheaper to produce and deliver.

It’s fundamentally a strategic political decision as to whether one is going for “high cost customization” or “low cost standardization“.

Based on my political beliefs, with a severely rationed budget for benefits, I think that the “standardized solution” is inherently better in getting greater value to the widest number of benefit recipients.

More fundamentally, I believe that there has been too much abuse of benefits and the idea of pandering to benefit claimants every wish and fantasy is a nonsense.

Any thoughts?

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