Making the poor better off

[Mister M]

Surely that's a non sequitur? If you're referring to the Syrian refugee crisis, that was caused by the Syrian Civil War. This was initiated by crackdowns by the ruling Ba'ath Party, a "Neo-Ba'athist" organization with the belief that "Socialism is the true goal of Arab unity... Arab unity is the obligatory basis for constructing a socialist society." [LINK]

 

I know the chippier members of the forum blame capitalism for pretty much everything, including male pattern baldness, our failure to win the Eurovision and the bad weather over the bank holiday. It ain't perfect but at least you're not having to flee the country because of an attempt at "constructing a socialist society".

 

I think it was George Osborne who liked to use the weather as an excuse:

http://www.telegraph.co.uk/finance/economics/8280664/George-Osborne-blames-snow-for-double-dip-threat.html

[TJC1]

I'm sorry, they may not be morally worthy, but they are a great deal more use.

If they weren't, the free market would not pay them so much. Their skill are difficult to replace and there is great competition between companies to make use of their skills which is why they command such high salaries.

 

All the Chancellor has done is modify the way in which the UK's wealth redistribution is organised. Rather than taxing people and handing the money to the low paid in the form of tax credits, he's forcing higher pay at source.

We'll have to see what effect it has on the jobs market, but one thing is for certain: If you aren't skilled or otherwise useful enough to be worth employing at £9/hour, you won't get any work. Some employers may choose require higher productivity and simply lay off people who can't keep up. Others may institute training themselves to make their employees more productive.

I advise anybody who is not currently earning at that level, to train up so that they are before the £9 living wage kicks in or they're likely to be pushed to work uncomfortably hard, or out of work entirely.

 

I agree. We could raise the NMW to £15 tomorrow. If anything all that would do, like you say is lower perceived value. There is likely to be job losses where only the best, most skilled and productive workers are retained.

[banjodeano]

How does a living wage increase value or increase output? Im not with you here?

 

---------- Post added 06-09-2015 at 13:48 ----------

 

Bankers are only worth millions because of the value they have to banks. Within that sector its extremely competitive to recruit the best people.

If they were the best.............then why did they cause the crash (scratches head)

[RonJeremy]

I think it was George Osborne who liked to use the weather as an excuse:

http://www.telegraph.co.uk/finance/economics/8280664/George-Osborne-blames-snow-for-double-dip-threat.html

 

It wasn't an excuse. It was a fact. Have you actually read the article you posted?

[unbeliever]

If they were the best.............then why did they cause the crash (scratches head)

 

Only a subset of them were responsible for this.

If not for Gordon Brown's rescue, they would likely be out.

 

For scratches head, use

[RonJeremy]

If they were the best.............then why did they cause the crash (scratches head)

 

Perhaps the best ones were at lloyds barclays hsbc etc rather than the ones at Northern Rock and the two Scottish banks: RBS and HBOS.

[TJC1]

If they were the best.............then why did they cause the crash (scratches head)

 

They are the best because they made the most money for banks in a culture of greed. The same greed and high risk gambling that cause the crash.

[Mister M]

It wasn't an excuse. It was a fact. Have you actually read the article you posted?

 

You mean like when he blamed the royal wedding

[RonJeremy]

You mean like when he blamed the royal wedding

 

Blamed it for what?

[TJC1]

The banks should of been properly regulated years ago. I blame new labour for not intervening and the tories for growing britain on a financial and service sector footing.

 

Doesnt anyone advise these governments the value of stocks can go up AND down??