Tag: Finance

Why Working in Politics Can Help You Get a Higher Salary?Why Working in Politics Can Help You Get a Higher Salary?

Working in politics can be a rewarding and lucrative career choice. With the right combination of skills and experience, you can use your knowledge of the political process to open up opportunities to better salaries and greater job security. 

By understanding the benefits and opportunities of political employment, you can make an informed decision about whether working in politics is right for you.

Opportunities of Working in Politics

Aside from enabling you to use payday loans places like Advance Loan, working in politics provides you with many opportunities to grow both personally and professionally. The right political position can give you the chance to make a difference, build your professional skills and earn higher salaries. 

  • Make a Difference – Many political issues, such as social or economic justice, are likely to remain relevant for the foreseeable future. Political work can give you the opportunity to make a difference in your community. 
  • Develop Your Professional Skills – Many political jobs require skills, such as critical thinking, persuasive communication, problem-solving and information analysis, that can be applied to other industries and help you advance your career.
  • Earn Higher Salaries – Some political occupations can offer significantly higher salaries than others, which can help you better support yourself and your family.

How to Increase Your Earning Potential?

As a politician, there are several ways that can be done to increase your earnings without abusing your power. Some of which are as follows:

  • If you choose to work in politics, you can increase your earning potential by networking, pursuing professional development and finding the right political position. 
  • Pursuing professional development can help you develop the skills you need to excel in your job and advance your career. 
  • Finding the right political position can help you earn a higher salary because some political occupations offer higher salaries than others.

Networking with political professionals can help you find opportunities and make connections that can lead to better job opportunities.

Types of Political Jobs

Political employment typically falls into two categories: government and non-government. 

  1. Government – Government political occupations are typically administered by the federal, state or local government. Government positions can vary widely, but they often focus on social issues, such as civil rights, immigration and healthcare.
  2. Non-Government – Non-government political occupations are administered by external organizations, such as political parties, unions and nonprofit organizations.

Political occupations can also be classified as advocacy, campaigning, lobbying or consulting. 

New Foundation Of Policy EconomyNew Foundation Of Policy Economy

As a policy economist from The Hague, you work in a fun and exciting environment, with smart and ambitious colleagues and with a lot of current events. Unfortunately, the contribution of policy economists to well-thought-out and future-oriented policy is very limited. That’s a shame and could be much better. By the way, visit this site LA Century Law.

Examples of missing thinking

Let me describe this pity with a broad spectrum of examples, examples of straightforward shortages in terms of attention to obvious economic issues that would deserve urgent attention.

Current account surplus

For many years now, the Netherlands has had an exceptionally large current account surplus, ie a national savings surplus. This is also criticized by the European Union and the International Monetary Fund. I am not aware of any plan of approach from the policy economists in The Hague to do anything about it. And they are not questioned.

Lagging income development

Since the turn of the century, the income development of households has lagged behind that of companies. Until a few years ago, policy economists nevertheless maintained that wage moderation is the best recipe for the Dutch economy. But thinking about the function of the minimum wage or the level of welfare is dogmatic, and ignores the psychological possibilities and limitations of people at the bottom of the wage structure.

Cuts

After the credit crisis of 2008/2009, the Netherlands experienced a W-shaped recession, unlike the EU countries that we normally refer to. This was the result of the strict austerity policy of the Rutte II cabinet. This austerity policy was recommended and defended by the vast majority of policy economists in The Hague. After all, it was a balance sheet recession. It was only when the budgetary policy had to be considered in the current corona crisis that the realization dawned that austerity might not be the best way out of a crisis.

Wealth distribution

Every year, policy economists in The Hague are extremely busy with the distribution of income, the result of a political fixation on purchasing power figures. The fact that the Netherlands has an enormously skewed wealth distribution is completely ignored. Fortunately, the Central Bureau of Statistics has recently announced that it will provide more figures for this.

Investments

The policy economists are very focused on the economic effects of budgetary policy with regard to the current and forthcoming government term. Long-term effects of expenditure with an investment character are not covered, and therefore often excluded. As a result, the Netherlands has fallen behind in areas such as education (see the PISA scores) and sustainable energy, and we are also struggling with major overdue maintenance in the housing stock, physical infrastructure, and the environment. Policy economists have no answer for this because they have no model to estimate the long-term macroeconomic effects of investments. For the long term, the Central Planning Bureau (CPB) only looks at the effects of aging in a model.

Risk scenarios

There was no economic recovery scenario during the credit crisis. There was also no analysis of the functioning of the financial sector. At the beginning of this century, there was no single scenario to combat the climate crisis. Not even in 2010. Only a few years ago did the CPB, De Nederlandsche Bank and the policy economists in the ministries recognize the need for sustainability. And finally, there has not been a single economic scenario for the economic survival of a pandemic recently, although the National Security Profile 2016 explicitly pointed out how great the risk and impact of a pandemic is.

Thinking also falls short

It becomes more complicated with examples in which it becomes clear that economic thinking does not match reality. In the example about lagging household income development, I already hinted at this: the policy economist in The Hague assumes self-reliant citizens. Measures are devised with incentives that also have an effect on citizens’ actions because they understand these and see how they can prevent disadvantages or collect benefits. The fact that a large proportion of Dutch citizens is poorly educated has little ‘doing ability’ or comes from a different cultural setting has no place in this thinking. As a result, the social climate in the Netherlands is rather harsh. With a lot of in activities, a lot of debt, and the poor health of a large part of the population. Policy economists, including the CPB, have little connection with the analyzes and thinking of the Social and Cultural Planning Office.