DAILY MAIL COMMENT: Rachel's in Wonderland. The rest of us should be counting the spoons...
Fear not. It seems there's no need to worry any more about the rapidly dwindling job prospects of your children and grandchildren.
Artificial intelligence may be replacing entry-level jobs with alarming speed and firms are slashing recruitment because of swingeing business tax rises, but Rachel Reeves has the solution.
The Chancellor is promising to 'abolish' youth unemployment. Instead of languishing on benefits, all young people will soon be guaranteed a job or paid work placement.
It's a shame she didn't think of this plan sooner, rather than allow the number of workless 16 to 24-year-olds to soar to a record high of 948,000.
But where exactly does she think these jobs will come from and who is going to fund them? Thanks to her ramping up of National Insurance, minimum wage increases and the Government's massive expansion of workers' rights, job vacancies are receding by the day.
Inflation is rising, energy costs are ruinously high and further tax increases are coming. Faced with such a bleak future, private businesses are highly unlikely to play ball, except the more unscrupulous ones who may see the scheme as a source of cheap labour.
This is, of course, just the latest chapter of Rachel In Wonderland, underlining the Chancellor's apparent belief that saying something will be done is the same as making it happen.
'We are delivering for working people,' she told the Labour conference yesterday. If that were true, why is Labour's poll rating through the floor and its leader the most unpopular PM in history?
AI may be replacing entry-level jobs with alarming speed and firms are slashing recruitment because of swingeing business tax rises, but Rachel Reeves has the solution
She spoke of being 'unequivocal' about fiscal discipline. Yet she allows the annual deficit and overall national debt to balloon to eye-watering levels.
Ms Reeves gave her party faithful endless spending promises while at the same time lecturing them on the importance of pushing down borrowing costs.
One pound in every ten spent by this Government goes on debt interest repayments. So why does she continue to splash public money around like a sailor on shore leave?
Meanwhile, though she boasted of further 'investment' in public services, she didn't explicitly say who would foot the bill. But there were strong hints, none of them pleasant.
When a Chancellor talks about 'hard choices ahead', 'harsh global headwinds' and 'a Britain founded on contribution', it's time for the middle classes to count the spoons.
Anyone with savings, pensions, property or a moderately high income is about to be fleeced in Ms Reeves's Budget to pay for her egregious economic failings.
In Labour's ideological creed, aspiration, financial prudence and the desire to leave a legacy to one's children must be relentlessly punished. For 'contribution', read extortion.
There is a nasty and divisive streak of class envy running through all Labour's plans. Having dealt a body blow to private education by imposing VAT on fees, it is now considering a similar raid on private medicine.
It would be a spiteful and self-defeating move. Just as thousands of independent school pupils have been thrown into the state sector, countless private patients would join record NHS waiting lists.
Is the Chancellor so cynical that she would inflict such serious damage on another vital public service just to throw some red meat to her party's witless class warriors? We shall see.
In Lewis Carroll's book, Alice eventually emerges from the absurd and illogical rabbit hole into which she has fallen and wakes up to reality. Is it too much to hope Rachel may one day do the same? Don't hold your breath.
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