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UK unemployment increases to 2.47 million

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Comments

  • treliac
    treliac Posts: 4,524 Forumite
    Thrugelmir wrote: »
    Have you factored in that the increase in retirement age to 66 may be brought forward?

    How is that going to help in times of few jobs? If there are many younger would be workers unable to find jobs, surely it's better to let the older ones go, to make room?
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    treliac wrote: »
    How is that going to help in times of few jobs? If there are many younger would be workers unable to find jobs, surely it's better to let the older ones go, to make room?

    We all need to be paid less if we are to compete in the global market place. Then by default there would be more jobs to go round.
  • treliac
    treliac Posts: 4,524 Forumite
    Thrugelmir wrote: »
    We all need to be paid less if we are to compete in the global market place. Then by default there would be more jobs to go round.

    And more empty houses when the 'mortgaged up to their eyeballs brigade' start to default. :(
  • Shakethedisease
    Shakethedisease Posts: 7,006 Forumite
    Part of the Furniture 1,000 Posts Photogenic
    edited 17 June 2010 at 1:29AM
    We all need to be paid less if we are to compete in the global market place. Then by default there would be more jobs to go round.

    Half everyone's wages you mean ? Get real.

    There's absolutely no way on earth your average worker with a partner and a child in the UK, could pay a private rental/mortgage AND afford to pay all the utility/food/childcare bills too.. while living on the average, comparitive, (for example's sake),.polish/chinese/asian wage. And if there are no 'average worker's' that can afford to live on those wages ? Then there are no 'default' jobs to go round.

    The UK can never compete with those sorts of wage levels. On a strictly business level it 'makes sense'. Shame the folks they employ would never be able to pay their rent on it.

    La-la land indeed for some on this forum.
    It all seems so stupid it makes me want to give up.
    But why should I give up, when it all seems so stupid ?
  • IveSeenTheLight
    IveSeenTheLight Posts: 13,322 Forumite
    wymondham wrote: »
    We aint seen nothin yet .... wait until the effects of the coming budget take hold!

    When the budget comea and goes, what will be the next thing that will cause the next wave?
    Will we be back to BoE Interest rates?
    What's after that?

    I've seen so many, wait till's that I'm glad I've not been holding my breath all this time.
    :wall:
    What we've got here is....... failure to communicate.
    Some men you just can't reach.
    :wall:
  • torontoboy45
    torontoboy45 Posts: 1,064 Forumite
    bendix wrote: »
    Simple. Cut benefits.

    They'll then find jobs or work for themselves.
    great idea, bendix, but you didn't go far enough:

    zero benefits and the unemployed will.....well, what?

    burgle yr pad? nick yr car? riot? mug you?

    and when they do any of the above no doubt you'll be posting about 'the breakdown of society'!
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    Half everyone's wages you mean ? Get real.

    There's absolutely no way on earth your average worker with a partner and a child in the UK, could pay a private rental/mortgage AND afford to pay all the utility/food/childcare bills too.. while living on the average, comparitive, (for example's sake),.polish/chinese/asian wage. And if there are no 'average worker's' that can afford to live on those wages ? Then there are no 'default' jobs to go round.

    The UK can never compete with those sorts of wage levels. On a strictly business level it 'makes sense'. Shame the folks they employ would never be able to pay their rent on it.

    La-la land indeed for some on this forum.

    Wages don't have to fall to Chinese levels as UK workers in traded sectors are more efficient than Chinese ones. UK workers making a traded good or service has to be able to produce the same amount for the same money or less than a Chinese worker. That's why call centres and textiles production have moved from the UK but sophisticated engineering hasn't.
  • doire_2
    doire_2 Posts: 2,280 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    chucky wrote: »
    and you find that funny tut tut

    As funny as hamish and the rest find high house prices funny perhaps?
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    doire wrote: »
    As funny as hamish and the rest find high house prices funny perhaps?
    can't see the relevence... but lay off the drink this early in the morning... this is a discussion thread relating to UK unemployment increases to 2.47 million
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    mbga9pgf wrote: »
    So, want to let us all know why its the governments job to get these people back towork?

    the deficit is the priority.

    I wouldn't have thought those two were mutually exclusive.
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
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