Britain now officially in double-dip recession

[TW]Fox;21767506 said:
Should everyone have equal wealth then?

No. I'm not saying that. But our leadership should be looking to narrow the gap, instead of widening it. Wages for non-skilled work have barely moved in 20yrs. That is a complete failure from our politicians as far as I am concerned.
 
[TW]Fox;21767671 said:
Is that because they have higher tax rates, or are the population more tolerant of higher tax rates because they enjoy a higher standard of living?

For example if Wales introduced a much higher rate of tax, presumably most people would just leave. Whereas if Norway increased taxes many people would stay as, well, life is good in Norway so I guess we could put up with a bit more tax..

It could also be due to population density. Norway has about 16 people per square kilometer wheras the UK is over 250. I suspect that the link between total population size and quality of life is not linear.
 
I don't buy the argument that higher taxes = happiness. If I had more money in my pocket because I paid less tax I could make my own happiness rather than pouring through a extremely inefficient governing body.
 
No. I'm not saying that. But our leadership should be looking to narrow the gap, instead of widening it. Wages for non-skilled work have barely moved in 20yrs. That is a complete failure from our politicians as far as I am concerned.


I'm so glad views have moved on, No?
 
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It could also be due to population density. Norway has about 16 people per square kilometer wheras the UK is over 250. I suspect that the link between total population size and quality of life is not linear.

I suppose we could kill off the bottom 10% of earners, would reduce the population density and reduce wealth inequality.

Wages for non-skilled work have barely moved in 20yrs. That is a complete failure from our politicians as far as I am concerned.

why should they have moved?

the job hasn't got harder and their now competing with 2 billion non skilled people working for a fraction of the price in India and china.

The thing you should be asking is why havn't they moved to skilled labour over the years.
 
But who would do all the **** jobs nobody wants? ;)

Immigrants ;)

I suppose we could kill off the bottom 10% of earners, would reduce the population density and reduce wealth inequality.

You don't have to kill people to reduce population. Just lower birth rate until you reach an acceptable level then create equilibrium.

Well, i say "just" :p
 
I suppose we could kill off the bottom 10% of earners, would reduce the population density and reduce wealth inequality.



why should they have moved?

the job hasn't got harder and their now competing with 2 billion non skilled people working for a fraction of the price in India and china.

The thing you should be asking is why havn't they moved to skilled labour over the years.

So your point is? I'm all right jack?
 
No. I'm not saying that. But our leadership should be looking to narrow the gap, instead of widening it. Wages for non-skilled work have barely moved in 20yrs. That is a complete failure from our politicians as far as I am concerned.

The minimum wage was introduced in 1999 at £3.60 an hour.

In October of this year it will be £6.19.

If it had remained purely in-line with inflation, that £3.60 would be ~£5 today so I wouldn't say it's barely moved, it's risen above inflation.

Bear in mind how much controversy there was when it was introduced and I don't think this is really the best basis for an argument.

What would you like to see the minimum wage set at for October 2012?
 
But who would do all the **** jobs nobody wants? ;)

well not the few million unemployed that make up a chunk of that lot (we could use the benefits money to raise the wages of those jobs) :p

also the really **** jobs pay relatively well because no one wants to do them :p

It's the boring simple jobs that anyone CAN do that are crappy paid :p
 
Recession shshmeshn, a word describing two quarters of negative economic growth. Tipped over the edge by a -0.2% drop. -3% highly contested drop in construction. Worried? Not really, the country is up poo creek and can't really be expected to respond as it did after the great depression with industry the way it is. Cuts have butt hurt people but life goes on. Kudos to dropping spending by £12bn last year, injecting borrowed cash into a currently unskilled country would only see our credit rating dropped and out interest repayments increase, thus undoing the good.


Personally the entire political system here is cack, parties promise much of a muchness but what people seem to forget is that it is us the people that run the country not the gov.
 
So your point is? I'm all right jack?

no my point is why on earth should non skilled labour be being paid more for providing no greater value when it's competitors are providing the same value for less?

Say you go to the shops 1 shop has your shopping for £100 the one next door has the identical stuff for £50

which do you buy?


why should the focus be on paying them more to do the exact same thing they're already doing uncompetitively rather than focusing on retaining them to skilled roles in markets they can compete in.
 
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No. I'm not saying that. But our leadership should be looking to narrow the gap, instead of widening it.

Why?

Some jobs are very easy, require little to no training and can be done by anyone. Some jobs are extremely difficult, carry huge responsibility, can take almost a decade to properly train for and can be done by only very few people.

Why should we narrow the pay gap between these?
 
well not the few million unemployed that make up a chunk of that lot (we could use the benefits money to raise the wages of those jobs) :p

true true. But to be honest why work when you can sit on your arse at home with half a dozen Kids bringing in a pretty penny. Worst case they send you to stoke lol
 
This, from the US, sums it up really: Cameron's remarkable achievement.

Worse than the depression of the 30s. Really well done, Cameron and Osbourne, really well done.

Tbh, this is probably the beginning of the beginning , long, long way to go yet.

The financial system has to really crash and house prices with it before we can begin to make progress.

As for the govt, they need to start spending money... On subsidising industry and energy, lowering costs. They then need to cross their fingers and hope for the best.
Anything else will lead to a massive depression during which people will starve.
 
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