The employment rate is the real indicator of an economic policy’s success or otherwise

A rise in the employment rate in a country: First, is associated with an improvement in the skills and employability of the population, and therefore shows the success of policies undertaken in this area; it is also associated with a high level of innovation; Second, leads to a decrease in income inequality (before redistribution), an increase in per capita income, an increase in the tax base (in taxable income) and therefore the possibility of increasing public spending without eroding public finances, and greater production and export capacity. The employment rate should therefore be a focal point of economic policy programmes.