2022 mini-budget discussion

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CapitalOne said:
Nice try. It was the Tory party and his own incompetence that got him in the end. Similar will happen to Truss. And the next one. UKIP has a very shallow talent pool.
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Hilarious that after all that man did and failed to do, they think it's the media that caused his demise. Classic case of shoot the messenger.
Murphy said:
What's the opposite of an emerging market, one that goes backwards from a developed market?
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A regressing economy.
thenewoc said:
What we need is an eradication of unions, particularly those representing unskilled workers. It's wage increases that are fuelling inflation, a vicious cycle. An unskilled worker should be paid an unskilled salary, regardless of what industry they work in. The country can't be held to ransom by the unions, or at least it must not be allowed to be so.
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I don't think you really realise how vile and regressive that suggestion really is. I suggest you Google "Aberfan" and maybe realise that unions don't operate solely for wage increases.
 
thenewoc said:
The unskilled of course. There will always be poor achievers who don't want to apply themselves at school or in life beyond education. It is only right that if you don't have the skills you should only be paid an unskilled salary since you don't have the necessary acumen to do a job higher up or start your own business etc. You are basically being employed on the back of someone else's knowledge to instruct you in how to do that job and have very little thinking to do to carry out that job.
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Ooooh, no NO! There can be no losers, only participants! Curb such talk, low achiever's mental health is at stake.
 
Greebo said:
It is which is why we shouldnt try to compete. years ago i worked for an UK engineering company. there was a particular item which we used 6 of to fit to our tankers we built which there were 3 UK companies who made them and charged around £70 each. They were labour instensfy to make. We sourced a factory in China who made them or us and shipped them to us at £14 each by boat or £22 each by express airfreight. A saving of at least £288 per tanker we built.

In order for the UK factories to compete then wages would have to be less than £1 per hour in the UK. Good luck with that.
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I'm not saying we should actually compete on making everything that China does but it's an example of how wages make us uncompetitive. Look at it a different way, Rail workers demand more wages, these will be passed on to commuters, commuters then demand more salary. If your workforce is costing you more then you can't compete as effectively with the rest of the world.
 
Dirk Diggler said:
Hilarious that after all that man did and failed to do, they think it's the media that caused his demise. Classic case of shoot the messenger.

A regressing economy.

I don't think you really realise how vile and regressive that suggestion really is. I suggest you Google "Aberfan" and maybe realise that unions don't operate solely for wage increases.
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The unions may try to dress it up as something other than wage increases but there's always higher wage demands included and this damages the UK economy.

EDIT: Also, to be more complete in this answer we don't need unions to have a national minimum wage among other employment legislation that sets out various standards that have to be followed such as maternity leave, redundancy payments etc. It's not a case of no unions and no worker rights.
 
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thenewoc said:
I'm not saying we should actually compete on making everything that China does but it's an example of how wages make us uncompetitive. Look at it a different way, Rail workers demand more wages, these will be passed on to commuters, commuters then demand more salary. If your workforce is costing you more then you can't compete as effectively with the rest of the world.
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Are you

1) A "contractor"?
2) A commuter?

If so I suggest you stop naval gazing!
 
thenewoc said:
I'm not saying we should actually compete on making everything that China does but it's an example of how wages make us uncompetitive. Look at it a different way, Rail workers demand more wages, these will be passed on to commuters, commuters then demand more salary. If your workforce is costing you more then you can't compete as effectively with the rest of the world.
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I think you'll find it's profiteering that has been driving inflation, not wages. Increased costs giving companies the chance to increase profits above and beyond what's needed.

Wages are fighting to keep up.
 
thenewoc said:
I'm not saying we should actually compete on making everything that China does but it's an example of how wages make us uncompetitive. Look at it a different way, Rail workers demand more wages, these will be passed on to commuters, commuters then demand more salary. If your workforce is costing you more then you can't compete as effectively with the rest of the world.
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Your anger is misdirected. The excess money in the system goes to the big organisations. The people on the ground should be capturing more of that value, not big wig financiers...
 
adidan said:
I think you'll find it's profiteering that has been driving inflation, not wages. Increased costs giving companies the chance to increase profits above and beyond what's needed.

Wages are fighting to keep up.
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I know profit is a dirty word to the lefties but without it companies wouldn't bother to exist and neither therefore would the jobs they provide. Wages will always struggle to keep up if you allow the unions to demand wages that are not commensurate with skills. This is because these costs are passed on and that then causes others to demand higher wages, the vicious circle.
 
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dLockers said:
Your anger is misdirected. The excess money in the system goes to the big organisations. The people on the ground should be capturing more of that value, not big wig financiers...
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What first world successful economy reflects the workers being paid far more and the risk taking financiers being rewarded far less? I am not aware of this Utopian country.
 
Chris Wilson said:
What first world successful economy reflects the workers being paid far more and the risk taking financiers being rewarded far less? I am not aware of this Utopian country.
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Who is pushing for that? People just think it should be somewhat fairer. When the rich are constantly getting richer and the poor poorer, the system is broken and it behoves any modern society to try and redress that imbalance.
 
Chris Wilson said:
What first world successful economy reflects the workers being paid far more and the risk taking financiers being rewarded far less? I am not aware of this Utopian country.
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I think "more of that value" is a reference to more of the excess money and not a comparison between pay levels of workers/financiers.

The previous post was ambiguous though.
 
thenewoc said:
The unions may try to dress it up as something other than wage increases but there's always higher wage demands included and this damages the UK economy.
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No-one is attempting to dress anything up, I'm simply stating a fact. You're choosing to ignore that with an imaginary counter claim to your point by a third party, simply because it doesn't suit your agenda to confront it.
 
chroniclard said:
Who is pushing for that? People just think it should be somewhat fairer. When the rich are constantly getting richer and the poor poorer, the system is broken and it behoves any modern society to try and redress that imbalance.
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dLockers is pushing for that. He just stated he is wanting the balance to change.
 
99.9% of the population including all the experts "wtf are you doing?"
0.01% of the population (exclusively Tory die hards) "what's all the fuss about 'lefties' everything else has gone so well?"

Well, top marks for trying chaps.
 
thenewoc said:
The conservatives aren't making mini budget changes as part of electioneering though! The conservatives are delivering their mini budget, Labour are not delivering any of the unicorns that they've promised in any of their election manifestos for as long as I can remember.
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Again that has nothing to do with what was being discussed, what does any of that have to do with you saying "Radical times need radical solutions." and me responding by saying "Said every German in 1933." and further explanation that your "Radical times need radical solutions." is a tale as old as the hills and it always ends badly.
 
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