Wilson: U.K. Government Must Target Wage Subsidy Support

The video discusses the challenges faced by the government in supporting sectors disrupted by the pandemic, particularly aviation, entertainment, and hospitality. It debates the merits of sector-specific support versus general subsidies and compares the UK's furlough scheme with those in other countries. The necessity of creative destruction for economic progress and strategies for job creation are highlighted. The importance of training and employment strategies, including pre-employment training and sectoral approaches, is emphasized to help workers transition to new jobs.

What is the importance of sector-specific support according to the discussion?

In what ways does the speaker suggest making it easier for firms to create jobs?

What training approaches does the speaker believe should be prioritized?