Share Sounds. from Thought for the Week related to Work

Building the art of communication is essential for a successful adult life, and the performing arts provide a great way to develop confidence and conversational dialogue. They can bring hope and career opportunities to young people when more academic doors are closed. Unfortunately, this is not an easy option for those in state education or from disadvantaged backgrounds. In a world where so much communication is uni-directional, we must work harder to bring these opportunities to all. Background music: 'Communicator' by Reed Mathis YouTube Sketch link: https://www.youtube.com/watch?v=PT0ay9u1gg4

David Willetts set out the challenge of inter-generational injustice 14 years ago in his book, 'The Pinch': but the problems have got worse, not better, during that same period of Conservative government. Young people face huge problems as a result of a fiscal environment structured to benefit older people, student debt, asset prices inflated by prolonged low interest rates — and then the pandemic: not to speak of demographic dislocations as a result of migration. Government finances may indeed require a complete overhaul, but it needs to be done in combination with resolving inter-generational injustice. Background music: 'Generations Away' by Unicorn Heads

We all have so much to learn from others as well as from our own experience. In his April 2015 Track Record, Sir Martin Jacomb, who died on 8th June, referred to Gordon Richardson, Bank of England Governor from 1973 to 1983, as his mentor, but it was Martin himself who was my fount of wisdom. Everyone, even Prime Ministers, could benefit from a mentor, and I was fortunate indeed to learn from Martin. Background music: introduction for Share Radio's Track Record programme

Much like Sir Keith Joseph, Michael Gove provides intellectual stimulus for the Conservative Party. 'Breaking the cycle of deprivation' was Keith Joseph's strategy in the mid-70s, but after 32 years of Conservative governments there's little progress to show. Is Michael Gove just talking about housing or can he tackle the wider issue, including unclaimed Child Trust Funds? Background music: 'Waiting' by Andrew Langdon

Adam Smith set out the foundation building blocks for economic growth in the Wealth of Nations, and capital and labour were the key components — Jeremy Hunt says he is now pursuing growth as his key priority, and there's no doubt that increasing capital availability in both public and private sectors will help: but where is the labour capacity? It's on NHS waiting lists. Background music: 'The Nexus Riddim' by Konrad OldMoney

The shining towers and ivory walls of the City of London — many of our financial trials and tribulations can be traced back to October 1986, when the clear distinction between self-interest and acting in the interests of customers was abruptly brought to an end in the 'Big Bang'. Among those who saw it all happen was legendary market-maker Brian Winterflood MBE, who died on 29th June. His financial legacy, built over sixty years in the City, is massive. Background music: 'Communicator' by Reed Mathis

There's a real logic to maintaining economic dynamism throughout the broad span of adult life: our commentary today picks up on recent reports in The Times on the extent to which parents and grandparents help out, on the value of incentivising young people to build early experience in the workplace, and how fresh ideas and opportunities can bring new potential for those of more mature years. If you don't use it, you'll lose it, body and mind: and we shouldn't get too fixated on retirement! Background music: 'Everything Has a Beginning' by Joel Cummins

The huge take-up of ChatGPT over recent weeks has brought the challenge of Artificial Intelligence into sharp relief. As the Chief Executive of its creator, OpenAI, said in one of his blogs, 'Artificial Intelligence will bring unimaginable wealth but, unless something changes, most of us will get none of it. We need a radical solution'. Conventional wisdom sees Universal Basic Income as the way through this dilemma, but this will only bring us more state intermediation and human subservience. We can put forward a better solution, by enabling all to share in the wealth that technology brings and to play their part in its future governance. Background music: 'Digital Solitude' by Silent Partner

If you’re currently aged between 43 and 59, start watching the news carefully: the chances are that the Government has you firmly in its sights. Of course there's much talk of getting you back to work, if you're one of the 'economically inactive' following the pandemic — but they also have it in mind to make you wait a couple of years longer before your pension can start. For every downside there is, of course, an upside: but that flows 100% to the Government, since HM Treasury would see a windfall of c. £10 billion pa. Be prepared to roll your sleeves up, unless you can master new technologies! Background music: 'Officer of the Day March' by the United States Marine Band

Liz Truss and Kwazi Kwarteng could have done with the House of Lords Economic Affairs Committee report 'Where have all the workers gone?' to supplement our commentary on 26th September 'Workforce Capacity is the Missing Link'. It was, however, published a couple of working days before Christmas, and it prompted us to consider again what's happened to the more than half a million people who are not employed and not claiming benefits. So, supported with evidence from the excellent Oldie magazine, we offer a few thoughts on a wide variety of enterprising activity that these older folk could be doing — and we round off this episode with a further suggestion for entrepreneurial activity which the Government might support in due course. Background music: '64 Sundays' by Twin Musicom, licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/ Artist: http://www.twinmusicom.org/