This Could Be The Biggest Recession Since The 1930s

[ECCOnoob]

6 hours ago, Delbow said:

If anyone wants to be involved in a national campaign to make the wealthiest pay for the latest crisis rather than ordinary people (again) you can sign up here to get updates, there will definitely be things happening in Sheffield. 300,000 signed up in the first three days.

You've compared the UK, where the economy shrank in Q2, with a country where growth is over 2%. The Eurozone grew 0.7% in Q2.

I've just took a look. Slacktivism at it's finest.

 

5 meaningless aims with not a single shred of information as to how it reasonably and realistically going to be achieved

 

Big deal, another protest group banging on about exactly the same issues every other protest group out there now.   Jesus Christ, if they want to make a difference grow some balls and start a political party and really test your aims, policies and merits against the voting public.  Only then will they properly see who is on their side far more than someone clicking a petition.

 

We all know the problems. Shouting it louder doesn't make any difference. Any moron can scream catchphrases like "tax the rich" or "give us more money" but actually coming up with realistic and workable policies to deliver it in a competitive, globalised, commercialised, imbalanced, and warring world which also has to overcome the inbuilt biological self survival and continuing one-upmanship instincts in humans is an entirely different matter.

 

Oh how will we survive with these increase fuel bills. We all need more money. pay me more. Give us a fair wage........... They scream... .Whilst at the same time wearing their bargain basement t-shirts and going back to their home surrounded by electronic luxuries all made by people in emerging Nations earning pennies a day and living in shanty towns.

 

Oh it's all soooo disgraceful the planet is being destroyed. the CO2 emissions are through the roof.  How dare "the rich" travel around in their cars and planes..... they scream.......  Whilst flooding into local airports on their easyJet and Ryanair budget flights, swamping our European coastal resorts, taking advantage of the cheep prices, demanding their egg and chips from the local taverna whilst the locals are priced out, stuck living in miles away  because all that land has been overtaken by the Brit abroad surge demand for hotels and apartments and holiday homes.

 

We are all hypocrites and this is not some black and white problem that is just involving "the rich" whatever the hell that means. £50,000? £100,000? £500,000?  Maybe for someone destitute on benefits £25,000 seems rich and privileged. Equally, for somebody earning 150k in central London they are barely affording more than a one bedroom flat.

Edited August 12, 2022 by ECCOnoob

[Dromedary]

3 hours ago, El Cid said:

Germany are increasing their minimum wage by 22% in October,

22% sounds great but when you realise the UK already pay a higher rate at the moment at £9.50) than Germany at £8.50 increasing their rate to £10.15 it's not such a big leap over ours, especially as ours is set to increase in April 2023 to £10.14.

 

3 hours ago, El Cid said:

.... so that will help the poor and pump money into their economy.

It may help the poor a bit but it will just get spent on increasing costs due to inflation.

[ECCOnoob]

2 hours ago, Dromedary said:

22% sounds great but when you realise the UK already pay a higher rate at the moment at £9.50) than Germany at £8.50 increasing their rate to £10.15 it's not such a big leap over ours, especially as ours is set to increase in April 2023 to £10.14.

 

It may help the poor a bit but it will just get spent on increasing costs due to inflation.

That's very interesting. Just goes to show how underpaid Germany's wage was compared to our supposed 'pitiful' minimum wage.  

 

Perhaps some of those placard waivers need to realise the grass isn't always greener. Out of interest, according to wiki, the UK has the 4th highest minimum hourly wage in the global list.

 

 

Edited August 12, 2022 by ECCOnoob

[hackey lad]

1 hour ago, sibon said:

Civil disobedience doesn’t need organising. It tends to grow of its own accord.

 

I’ll paint you a banner and lend you a whistle if you like.

Already got a whistle , an official British Rail issued one 

[El Cid]

On 12/08/2022 at 20:27, Dromedary said:

22% sounds great but when you realise the UK already pay a higher rate at the moment at £9.50) than Germany at £8.50 increasing their rate to £10.15 it's not such a big leap over ours, especially as ours is set to increase in April 2023 to £10.14.

The minimum wage could increase to £10.14 in 2023, they usually increase it with inflation.

They are increasing pensions in line with inflation, but benefits also increase with inflation. That is less likely.

Increasing the minimum wage by 10%+ will cost local authorities a lot of money. I believe it's the right thing to do, but this government and previous governments keep re-enforcing the pay restraint message.

[Kidorry]

A lot of people could help themselves if they lived within their means and did not try to keep up with the Joneses.

[Dromedary]

1 hour ago, El Cid said:

Increasing the minimum wage by 10%+ will cost local authorities a lot of money.

Most of those who are in minimum wage jobs do not work in local authorities though as local authorities usually pay above that anyway. The vast majority that are on minimum wage are are in retail, hospitality, and cleaning & maintenance occupations. 

 

Stats from the HOC library also state:

 

"Workers in the private sector, in part-time employment, in temporary jobs, from a Bangladeshi or Pakistani background are more likely to have a minimum wage job."

 

It also states the the age limits will also come down for the NMW from 23 in 2021 to 21 in 2024.

 

1 hour ago, El Cid said:

The minimum wage could increase to £10.14 in 2023, they usually increase it with inflation.

 It could increase more, granted but I don't think it is inflation linked though as it is a seperate body (LPC) that set the rates. The last increase for instance was over 4x the rate of inflation.

 

[Chekhov]

Things are hotting up, and it has been obvious they would since about, errr, March 2020 :

 

Inflation drives fastest fall in real pay on record

https://www.bbc.co.uk/news/business-62550069

Pay has fallen further behind the rising cost of living, according the latest official data.

While average wages rose 4.7% between April and June, that was outpaced by inflation - or price rises - which is growing at a much faster pace.

As a result, the "real value" of pay fell by 3%, according to the Office for National Statistics.

[RJRB]

16 minutes ago, Chekhov said:

Things are hotting up, and it has been obvious they would since about, errr, March 2020 :

 

Inflation drives fastest fall in real pay on record

https://www.bbc.co.uk/news/business-62550069

Pay has fallen further behind the rising cost of living, according the latest official data.

While average wages rose 4.7% between April and June, that was outpaced by inflation - or price rises - which is growing at a much faster pace.

As a result, the "real value" of pay fell by 3%, according to the Office for National Statistics.

I trust that you are doing the decent thing and ensuring that your employee(s) are remunerated appropriately .

[Chekhov]

Oh dear....

I read a rather worrying report in The Times that employers are starting to cut back on recruitment. It is probable, almost certain I would say, that unemployment will start to rise within months. One has to remember we are in an artificial situation here where the Billions pumped into the economy during the pandemic is working its way through (hence high inflation), but when that has dissipated that's when unemployment will be on the rise. The fact is people are becoming more and more careful spending their dosh now because (quite rightly) they are fearful for their economic future - esp with interest rates rising significantly - so that will be the start  of it.

Edited August 22, 2022 by Chekhov