but the trains technology isnt 25/30 years old, maybe the chasis but its all modernized inside, plus most the planes people fly on are old asf anyway
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fernandopartridge
Well-Known Member
Are you arguing now that people sat in front of leading edge technology should be paid very little?
no i think they should work their contracts and then if unhappy ask for a payrise or work in a payrise within the contract say 10% per year on a 4 year contract ect, not just stop and fuck up everyone elses day because you woke up thinking you deserve more.
The Philosopher
Well-Known Member
The whole wage inflation is down to declined birth rate.
Once you’ve stopped laughing follow this:
The replacement rate is 2.1 births per woman. Replacement rate refers to the percentage of an individual's annual employment income that is replaced by retirement income when they retire. Replacement rates are often lower than 100% since older individuals are thought to have fewer living costs and expenses, such as a mortgage or children to raise.
The current birth / fertility rate is 1.6. (ONS 2022)
This means there are fewer. Say 18 year olds entering the workforce each year to replace, say 66 year olds leaving the workforce.
For years the gap was filled by immigrant workers taking the jobs gaps. Brexit, rightly or wrongly has stopped this, hence demand exceeds supply and wage inflation occurs. Warehouse vacancies that used to be filled by say, Poles are no longer being so. Wages go up. Semi skilled workers earning 13/h or whatever see that there is less wage gap and demand increases. Etc etc.
Various solutions:
More immigration to fill labour gaps (I wonder if this is why Albanians are being allowed to immigrate easily (ducks for cover))
Increase birth rate by taking down the barriers to early years childcare (and other measures) to increase birth rate.
Increase retirement age (unpopular)
Other issues such as high wages for unskilled workers discourages training. Eg. If working in a warehouse for £11.00 per hour why spend £2k getting a HGV licence to earn £13.50?
All has a knock on effect.
Anyway. Going off topic. I used to head a research group on these things, took over a defunct party (SDP) wrote a manifesto, then got dragged into Westminster policy forum by Tories. They don’t listen and are on the whole not living in the real world.
Ramble over.
Once you’ve stopped laughing follow this:
The replacement rate is 2.1 births per woman. Replacement rate refers to the percentage of an individual's annual employment income that is replaced by retirement income when they retire. Replacement rates are often lower than 100% since older individuals are thought to have fewer living costs and expenses, such as a mortgage or children to raise.
The current birth / fertility rate is 1.6. (ONS 2022)
This means there are fewer. Say 18 year olds entering the workforce each year to replace, say 66 year olds leaving the workforce.
For years the gap was filled by immigrant workers taking the jobs gaps. Brexit, rightly or wrongly has stopped this, hence demand exceeds supply and wage inflation occurs. Warehouse vacancies that used to be filled by say, Poles are no longer being so. Wages go up. Semi skilled workers earning 13/h or whatever see that there is less wage gap and demand increases. Etc etc.
Various solutions:
More immigration to fill labour gaps (I wonder if this is why Albanians are being allowed to immigrate easily (ducks for cover))
Increase birth rate by taking down the barriers to early years childcare (and other measures) to increase birth rate.
Increase retirement age (unpopular)
Other issues such as high wages for unskilled workers discourages training. Eg. If working in a warehouse for £11.00 per hour why spend £2k getting a HGV licence to earn £13.50?
All has a knock on effect.
Anyway. Going off topic. I used to head a research group on these things, took over a defunct party (SDP) wrote a manifesto, then got dragged into Westminster policy forum by Tories. They don’t listen and are on the whole not living in the real world.
Ramble over.
Greggs
Well-Known Member
Let me guess, are you a tradesman? The ego seems to match up.
shmmeee
Well-Known Member
Crazy idea, but why not pay the HGV drivers more too?
Wages are tied to productivity essentially not birth rate. I can now make 10 widgets and hour instead of 5, thanks to new processes/technologies/higher skill level. That link largely broke in the 70s with the attacks on unions but it’s still key.
This is actually where I diverge from RMT because they should be all for automation because that’s what will lead to higher wages.
Problem is U.K. doesn’t invest in either automation or training so U.K. workers don’t get more productive.
Immigration plays a part in short cutting that, hire an engineer trained by India rather than train a U.K. engineer for example. But generally speaking there’s no link between number of people or birth rate and wages. Switzerland has a lower birth rate than us and the highest wages in the world. We have one of the younger populations in the West thanks to immigration IIRC.
Edit: I think I’ve misread this a bit actually. There’s certainly wage inflation due to decreased supply post Brexit in immigration heavy fields. But that’s separate from inflation generally and worker pay keeping up with it.
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No not even close
MAFF
Well-Known Member
not even sure why we're engaging with this bellend when spouts vile shite like this.
www.skybluestalk.co.uk
9 year old shot dead
I live in liverpool. I think this shooting is another gang related issue, which I agree isn’t helped by Tory budget cuts. It’s all about perception. This sort of thing happens in London and people don’t hold it against the people there. This also only happens in selected areas of north...
www.skybluestalk.co.uk
Robinshio
Well-Known Member
changed for you
shmmeee
Well-Known Member
Did you read the paragraph before, or…?
GaryPendrysEyes
Well-Known Member
If you are a ‘non skilled worker’ Kieran would appreciate it if you could put the tickets in a plastic bag and keep your distance when handling them over….
fernandopartridge
Well-Known Member
citation needed
not even sure why we're engaging with this bellend when spouts vile shite like this.
9 year old shot dead
I live in liverpool. I think this shooting is another gang related issue, which I agree isn’t helped by Tory budget cuts. It’s all about perception. This sort of thing happens in London and people don’t hold it against the people there. This also only happens in selected areas of north...
Close enough!
Sick Boy
Super Moderator
Now ChatGPT3 is gaining awareness, you’re probably at risk of being replaceable in the next 5-10 years.You probably think pilots also fly the plane, it’s all computerised even planes landing is done 90% by computer.
Sounds like a bad career path.
you actually searched for something you sad bastard, was one comment.how about google shooting or stabbings from the past 5 years and do the maths yourself most are commited by the same people
If you earn under 50k per year I wouldn't talk to them (This is what you want to hear right?)
Nothing to do with politics if it makes you feel any betterCant imagine why he’s moved to Hungary
I'm not right wing I'malso not left wing
HAHA no it will just become a tool, you know like a calculator when you was doing school exams ? AI wont ever replace people in my life time, and even if it did there would still be someone requiring my skills because I don't sit around on my ass and watch tv after work I improve my skills and knowledge
The Philosopher
Well-Known Member
Wage inflation is directly proportional to worker availability. Increased automation will help now, as opposed to the 70’s where there were more people than jobs due to increasing birth rate (60’s was a different boom led by rebuild and falls outside normal economic model). So yes, in simple terms, less staff required to drive trains for example is a way forward.
House inflation is directly proportional to supply of houses and demand for houses, stipulated by interest rates and number of people requiring houses.
The Tory solution of mass house building was short sighted, eventually you will get to a situation like rural France or Italy where there is no one to live in the homes and prices crash. (There are other factors). House price deflation would lead to not just a recession but an actual economic crash in extreme as people can no longer afford houses. There is only so much government hand outs that can carry in before crippling inflation.
Sunak has a crazy notion about a complete new monetary policy around electronic credit. I could go on, but he isn’t on the ball. The recent tax hikes on top of interest rate rises were too much. The interest rate rise earlier in the year didn’t seem to have an effect and so they doubled down. The economy can be sometimes like an oil tanker, it doesn’t seem to turn quickly so the tendency is to then oversteer. That’s what has happened as you will see. Truss was believe it or not correct but was forced out by other factors
Elon Musk has talked about birth rate and the economic problems, others suggest a great reset (I’ll stop now - it’s tin foil hat territory) but for those of you on here with substantial assets and are under 50, things are going to get tough. Move your money to property in say Rural France and avoid nonsense like bitcoin to put your money in.
I’ll happily shut up now. It’s a football forum.
D
Deleted member 5849
Guest
I was nearly with you until here...
I have tried shutting up but people still keep tagging me
Evo1883
Well-Known Member
Here you go mate - really hope this country starts to do something about these peoplehow about google shooting or stabbings from the past 5 years and do the maths yourself most are commited by the same people
Homicide in England and Wales - Office for National Statistics
Analyses of information held within the Home Office Homicide Index, which contains detailed record-level information about each homicide recorded by police in England and Wales.
www.ons.gov.uk
Greggs
Well-Known Member
I guess it's the morbid fascination of watching someone make a c**t of themselves
shmmeee
Well-Known Member
The 70s mostly happened because of supply side shocks in oil again and a few other things. But I’m really not sure what you mean by wage inflation. Nurses aren’t asking for more money because they can due to reduced supply, they’re asking because their wages have been cut the last decade. You don’t need to strike if you’re in a shortage field, you just leave and get more money.
Truss was not correct, it’s fringe economics of the sort people were worried about with Corbyn that relied on massive borrowing and flimsy evidence for forecasted growth without investment.
House prices are indeed related to supply. Since Thatcher brought in RTB in the 80s supply has dropped off a cliff. Private sector has always pretty consistently built 200k houses a year or there abouts, what changed was local authorities were no longer also building houses.
You’re very clearly a supply side economist, but that’s not taken seriously by actual economists, hence the market reaction to Truss. It’s not 1980 any more and it’s a polticial rather than economic position these days. Look at economists hired by the businesses that need them, you won’t find many supply siders there which tells you a lot.
fernandopartridge
Well-Known Member
You bought your black t-shirt yet kiers?
The Philosopher
Well-Known Member
Unpopular opinion:
It’s not necessarily the people it’s down to policing and the court system. Stretched to breaking point through a backward system and cuts in the wrong areas.
Parties take their own voters for granted and Tories think their voters see them as the party for law and order, hence cuts.
When Labour come in (and they will, unfortunately because I don’t like the virtue signalling and hypocrisy) then they will need to get tough on crime else they’ll be out in 5.
Unfortunately, we are seen as a soft touch in crime in the U.K. Look at how shoplifting has become so brazen.
robbiethemole
Well-Known Member
No kiers, I’m the Nigerian prince who wants your bank account detailsPhotos are not there to flex just to shut up the ones who claim I’m a Nigerian prince
robbiethemole
Well-Known Member
What happened to the ‘high skilled, high wage’ economy the big Bozza kept banging on about?
Sick Boy
Super Moderator
What people?
how about google shooting or stabbings from the past 5 years and do the maths yourself most are commited by the same people
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