The Austerity Disaster

StevieJ

Generali wrote: »

Back of the net.
.

In most areas of banking for example a lot of jobs that are reasonably skilled which require some experience are moving to places like China, India and Poland. The reason? They do the job just as well for a lot less money. These are the sort of jobs that pay perhaps £35-80,000pa and which pay a lot of tax as this is all PAYE so there's no tax avoidance.

It is not really about that though is it? Could you actually live in the UK on the wage paid to a Chinese worker before or after tax? Of course when exchange rates find their proper equilibrium and Chinese workers become (dare I say it ) Bolshy/Commie, the cost advantages may not be quite so pronounced.

discoass

The_White_Horse wrote: »

well done. typical lefty hysterical.

i am absolutely correct. where does your research come from, the Guardian??? laughable.

Judging by most of your comments on here you get most of your info from Viz

Conrad

StevieJ wrote: »

It is not really about that though is it? Could you actually live in the UK on the wage paid to a Chinese worker before or after tax? Of course when exchange rates find their proper equilibrium and Chinese workers become (dare I say it ) Bolshy/Commie, the cost advantages may not be quite so pronounced.

Who pays for costly western employment? Many on this forum go out of thier way NOT to pay, as they instead give thier money to China and India.

Do you buy British made goods, clothes, pegs, tyres, toys, shoes, toothbrushes? (I'm talking non specialist purchases here, your major day to day spends).

You don't, so then why would you expect others to then?

StevieJ

Conrad wrote: »

Who pays for costly western employment? Many on this forum go out of thier way NOT to pay, as they instead give thier money to China and India.

Do you buy British made goods, clothes, pegs, tyres, toys, shoes, toothbrushes? (I'm talking non specialist purchases here, your major day to day spends).

You don't, so then why would you expect others to then?

Tell you what, I would love to, point me in the right direction BTW you are completely missing my point How do my (and others) fair trade purchases fit into your greed is good concept? I have just had a thought, maybe I could make my next car a Morgan, or do those cars made at Ellesmere Port or Sunderland count as British?

Update: I have just checked I will be spending £200 tomorrow on two Michelin tyres, read below for the great news. Scottish, but you can't win them all

Michelin are here in Dundee, have been since the very early 70s, they provide well paid jobs in the local community for hundreds of skilled and manual workers.;)

https://forums.moneysavingexpert.com/discussion/3006398

pqrdef

Conrad wrote: »

Stop expecting some etherial power to allow you to enjoy higher pay and conditions whilst you DEMAND lower pay and condtions as a result of your buying habits.

Well of course the big mistake is freeing up trade with countries that don't float their currencies. But when the ruling classes make a mistake of that magnitude, in pursuit of profit, it's not very edifying to watch them enjoying using it as a stick to beat the workers about the head with.

But the problem with British manufacturing isn't only about labour costs. "British" car manufacturing is doing fine, because we've got big factories owned by global companies making cars in global volumes.

But a factory with 100 employees making underpants for M&S isn't going to compete with a factory 50 times the size selling underpants in 50 countries, wherever you put it.

The only way to succeed with a high-wage workforce is high productivity. If the European social model is to blame for everything, how do you explain the success of the U.S. economy in the 20th century? Don't say cheap labour.

StevieJ

I guess for many products the difference between Uk wages and Chinese wages ends up in the greedy shareholders pockets, can we really say that the cost of products like these is kept down by the place of manufacture? Ironically, According to a 2007 study of the UK Forensic Science Service's database of footwear, the Nike Air Max 95 was "criminals' No 1 choice" in footwear.

Conrad

pqrdef wrote: »

when the ruling classes make a mistake of that magnitude, in pursuit of profit, it's not very edifying to watch them enjoying using it as a stick to beat the workers about the head with.

But a factory with 100 employees making underpants for M&S isn't going to compete with a factory 50 times the size selling underpants in 50 countries, wherever you put it.

The only way to succeed with a high-wage workforce is high productivity. If the European social model is to blame for everything, how do you explain the success of the U.S. economy in the 20th century? Don't say cheap labour.

Ah the side step again, blame the ruling classes rather than the British shopper.

Again you could have supported the british worker down the years but you chose to buy Chinese.

That British underpant factory would support British wages if YOU and lets say Billy Bragg bought thier wares, but you didn't, you were to busy looking after your own money.

High productivty you say - you honestly think we are inately more productive than the Chinese, where is your evidence for such a claim?

The sucess of the American economy is down to it's framework that allowed entrepenuership to flourish when China et al were still living in the middle ages.


So again, how can we provide this high wage, high social contract society?


MY VIEW> we will in fact do very well over the comming years, but we really need to cut back the featherbedded greed of the Western social contract.

Conrad

StevieJ wrote: »

I guess for many products the difference between Uk wages and Chinese wages ends up in the greedy shareholders pockets,

The big shareholders are our pension schemes of course. You want to cut back pension incomes by reducing company profits yes?

vivatifosi

Blimey, that shoe's as big as the car in the background. No wonder it is trainer of choice for Mr Big.

StevieJ

Conrad wrote: »

The big shareholders are our pension schemes of course. You want to cut back pension incomes by reducing company profits yes?

Well yes I suppose I do if it is costing young Western jobs, those Chinese made shoes could easily be made in the US, UK or mainland Europe with no amendment to the selling price. I guess a classic justification for the younger generation and their animosity to the BB generation.