Generally, it's good when wages rise as a result of rising productivity and bad when they're rising simply because of inflation. At the moment, we're seeing more of the latter and less of the former.
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arminisgod
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That's not true though is it? Our economy is growing at its fastest rate for 80 years.
This.
You think productivity has miraculously risen overnight?
NilSatisOptimum
Player Valuation: £70m
We are beginning to look desperate. HGV drivers, fruit pickers and now abattoir workers awarded special privileges to come and work here from abroad.
Judging by the response from foreign truckers people aren't exactly falling over themselves to come here and work. Does it say priti please on the application visa?
www.bbc.co.uk
Judging by the response from foreign truckers people aren't exactly falling over themselves to come here and work. Does it say priti please on the application visa?
Overseas abattoir workers to get temporary visas
The government is to allow butchers into the UK on temporary visas after warnings of mass culls.
www.bbc.co.uk
Off the back of one of the biggest recessions in history. Ie, the growth rate is a function of a low base from last year. It’s not ‘growth’ it’s recovery. And the growth will moderate next year and the year after.
The inflation we are seeing is pent up demand and supply side scaring. Sustained wage inflation needs sustained growth and productivity.
It’s unlikely that the growth aspect of things will be as sustainable as the inflation aspect of things in the long term.
There is hope that global growth will settle at a higher trend level than post GFC but thatll come with higher inflation and higher interest rates (and the hope that central banks get things right).
NilSatisOptimum
Player Valuation: £70m
Good for you being bothered, afraid it will be a case of leading the horse to water but you won't be making it drink...
arminisgod
Player Valuation: £35m
This is become tedious now. It looks exactly what we voted forWe are beginning to look desperate. HGV drivers, fruit pickers and now abattoir workers awarded special privileges to come and work here from abroad.
Judging by the response from foreign truckers people aren't exactly falling over themselves to come here and work. Does it say priti please on the application visa?
Overseas abattoir workers to get temporary visas
The government is to allow butchers into the UK on temporary visas after warnings of mass culls.
If u have a skill we need you are welcome to come and work here
NilSatisOptimum
Player Valuation: £70m
Horse and water I know but suggest you need to read the point based system, degree educated fruit pickers ( insert any job) had to be revised down to A level educated. And going by the lack of numbers in HGVs drivers there are not too many itching to come either. What did you vote for exactly?
So are we going to wait until there is a crisis in every sector before the government allocates visas in desperation?
arminisgod
Player Valuation: £35m
Possibly, but you know full well that won't happen.
I'm a liberal so don't think there is much evidence that centrally planned economies work.
The binman chronicles
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It's not great when you just spend it all on cost of living. Gas and electricity about to go through the roof, same with food and our other consumables due to a lack of stock.
Try getting a house for instance, I've had a 20% pay rise this year and all it's done is put something at the very top of my budget to bring at the very top of my new budget but I now need 100k more mortgage. I wouldn't call that winning.
arminisgod
Player Valuation: £35m
You are right mate... let's all stick with lower wages. Much better
You are missing the point. It’s about higher wages in real terms, not nominal terms.
It’s great that people are getting paid more. But if the cost of living is rising higher than your wages then you aren’t better off are you?
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