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The Terry Smith solution
Comments
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Change is on the way but, the biggest thing that needs doing: re-skilling much of the workforce does not seem to be happening. All we are seeing is erosion of living standards with no plan for really creating skills and the environment that will enable growth.
There's less requirement for skilled jobs. So much of business is automated now. Growth comes from increased productivity, working harder, for longer hours.
We've become accustomed to longer holidays , all paid for. Whereas our competitors don't. As they've a hunger to succeed. Just to survive. We can't expect growth to be created for us.0 -
And so saying, he puts himself firmly on a par with the man in the pub when it comes to economic cluelessness.Overseas aid should be stopped immediately to any country that has GDP per capita higher than the UK
Shame on the Times for publishing this drivel."It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis0 -
Terry Smith, the straight talking old school broker has written in The Times:
All of these seem imminently sensible.
All of these seem like the dogmatic utterings of right wing financial journalist.
The NHS may have its inefficiencies that can and should be improved but before we destroy it we need to remember that we still spend less on healthcare as a % of GDP than most advanced other nations.Few people are capable of expressing with equanimity opinions which differ from the prejudices of their social environment. Most people are incapable of forming such opinions.0 -
Thrugelmir wrote: »There's less requirement for skilled jobs. So much of business is automated now. Growth comes from increased productivity, working harder, for longer hours.
Why then have we been expanding universities and encouraging more graduates (by all party consensus)?Few people are capable of expressing with equanimity opinions which differ from the prejudices of their social environment. Most people are incapable of forming such opinions.0 -
From what I have read (I was young when she was in power) she did change a lot, most of it related to dismantling non state apparatus. It is far far harder to build a competitive economy then to smash unions (which needed to be done at the time).
I had no idea government policy is actually intending to rebuild the economy.Few people are capable of expressing with equanimity opinions which differ from the prejudices of their social environment. Most people are incapable of forming such opinions.0 -
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Thrugelmir wrote: »There's less requirement for skilled jobs. So much of business is automated now. Growth comes from increased productivity, working harder, for longer hours.
We've become accustomed to longer holidays , all paid for. Whereas our competitors don't. As they've a hunger to succeed. Just to survive. We can't expect growth to be created for us.
Skills are in short supply in the UK, be it coherent English, basic maths/ arithmetic or even programming/ coding skills.
It is certainly not only the length of paid holidays that is hampering the UK.0 -
There's a widespread perception among schoolkids that there's no money in these things. And the geeks don't get the girls either.Skills are in short supply in the UK, be it coherent English, basic maths/ arithmetic or even programming/ coding skills.
And of course it's all true. Programming is the most difficult mental activity ever attempted by the human race. Do we pay programmers accordingly?
In the game industry, maybe - and we're successful at that. We have other organisations in which software developers are viewed as mere technicians. Any wonder we're short of skills?"It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis0 -
There's a widespread perception among schoolkids that there's no money in these things. And the geeks don't get the girls either.
And of course it's all true. Programming is the most difficult mental activity ever attempted by the human race. Do we pay programmers accordingly?
In the game industry, maybe - and we're successful at that. We have other organisations in which software developers are viewed as mere technicians. Any wonder we're short of skills?
there is no shortage of programming skills; there hasn't been since year 2000
which is why the pay isn't particularly good.0 -
there is no shortage of programming skills; there hasn't been since year 2000
which is why the pay isn't particularly good.
That is utter rubbish.
I've been in several companies in the last 15 years where lack of coding/ programming skills have been a major bottleneck to growth.
So much so that companies I know are (against their wishes) outsourcing to Eastern Europe.0
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