Source: Photo.com
On December 29, according to surging news reports, Yao Jingyuan, a special researcher of the Counsellors' Office of the State Council and former chief economist of the National Bureau of Statistics, said that the fundamental reason for the current lack of effective domestic demand is that the growth rate of residents' income has fallen in recent years and the ability to pay money is insufficient. The fundamental solution is to increase the share of household sector income in the primary distribution and redistribution of national income, and in the short term, it is necessary to increase household income through the expansion of employment.
Yao Jingyuan pointed out that in order to increase the income of urban and rural residents and improve the ability to pay money, the most direct way in the short term is to increase employment. Because when residents have employment, they have income and spending power.
"From the perspective of age structure, young talents are the main body of consumption, and in 2024, we should pay special attention to the employment of young people, and put the solution of the employment of young people in the first place. Previously, policy support for employment was biased towards stabilizing the stock, that is, reducing taxes and fees, and delaying social security payments such as five insurances and one housing fund, so that enterprises could not reduce or lay off employees. He advocated that the state should put financial support policies on supporting employment and encourage enterprises to increase employment, so that young people can work and consume.
Yao Jingyuan suggested that the fiscal policy should be strengthened to support enterprises to stabilize employment, the stock support policy should be shifted to an incremental support policy, and enterprises should be supported to increase employees and absorb young workers through subsidies and other forms.
Stabilize employment and ensure the income level of residents
All provinces will focus on the employment of key groups such as college graduates, retired soldiers, migrant workers, and people in difficulty in urban areas, to ensure that zero-employment households are dynamically cleared. On this basis, it is proposed to rely on the development of big data, the Internet of Things and other technologies to build a public employment service platform, and encourage and support multi-channel flexible employment and the significant improvement of the employment level of various provinces and cities.
The "14th Five-Year Plan" implements the employment priority strategy
The 14th Five-Year Plan clarifies and improves the promotion mechanism conducive to fuller and higher-quality employment, expands employment capacity, improves employment quality, and alleviates structural employment contradictions. Optimize the structure of fiscal expenditures, and give priority to ensuring that basic public services make up for shortcomings. Clarify the powers and expenditure responsibilities of the central and local governments in the field of public services, and increase the financial support of the central and provincial governments for the provision of basic public services by the grassroots governments.
It has made a clear plan for the protection and employment environment of the employed population, low-income labor force and flexible employment personnel, and mentioned the establishment of a mechanism to promote entrepreneurship and employment, multi-channel flexible employment, comprehensively clean up all kinds of restrictive policies, and enhance the inclusiveness of the labor market. Coordinate urban and rural employment policies, and actively guide the employment of rural laborers. Expand the placement of public welfare jobs, and focus on helping people with disabilities, family members with zero employment, and other difficult people to find employment.
The demand for labor is greater than the supply of labor
According to the continuous statistical analysis of the market supply and demand information of public employment service institutions in some cities conducted by the Information Center of the Ministry of Human Resources and Social Security of Chinese and the China Employment Training Technical Guidance Center, the ratio of job vacancies to job seekers in some cities in some cities has always been greater than 1 in 2020 and 2021.
In the third quarter of 2021, employers in 80 cities across the country recruited about 4.024 million people through public employment service agencies, and about 2.635 million job seekers entered the market, with a job search ratio of about 1.53, an increase of 0.13 year-on-year. In the fourth quarter of 2021, the ratio of job vacancies to the number of job seekers was about 1.56, and the supply and demand in the national labor market remained generally balanced.
Zhang Chenggang, director of the China New Employment Form Research Center at the Capital University of Economics and Business, said that with the gradual recovery of the mainland economy and the recovery of consumption in the future, the foundation for the stability of the job market still exists. In the next step, we need to further focus on economic development, vigorously support the development of the private economy, enhance the confidence of business entities in recovering development, and give priority to employment to the core position of economic development.
Prospective Economist APP Information Group
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