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PSBR going the wrong way
Comments
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MacMickster wrote: »For the cost of wages to fall in real terms the cost of housing and energy must first be addressed.
We already have a large proportion of the jobs in this country being subsidised through in-work benefits to help people to meet the cost of these essentials. Wages, as a very minimum, must be sufficient for workers to afford shelter, food, heating and clothing.
I am not disagreeing with you.
Many in the "east" can't afford, or expect, these essentials in anything like the abundance we have come to consider reasonable.
We still have further to fall and the "east" are creeping upwards.
The only way to maintain "our" reasonable standard is for some form of intervention/protectionism which will make us less competitive."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
MacMickster wrote: »For the cost of wages to fall in real terms the cost of housing and energy must first be addressed.
Energy will continue to increase in cost. Unless the UK can generate more of its own consumption.
Housing will adjust with wages. So will be a slow drawn out process.0
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