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Debate House Prices


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UK wage collapse

macaque_2
macaque_2 Posts: 2,439 Forumite
in Debate House Prices & the Economy
Wages in the UK have seen one of the largest falls in the European Union during the economic downturn, according to official figures.

http://www.bbc.co.uk/news/business-23655605
«13456

Comments

  • shortchanged_2
    shortchanged_2 Posts: 5,546 Forumite
    Don't worry though as house prices are rising.
    Why are we here?......................because we are not all there.
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    'wage collapse' = small decrease in 'real' wages

    sometimes this happens in a recession
  • Masomnia
    Masomnia Posts: 19,506 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    So France showed a small rise, but they're in recession and have much higher unemployment. I'm not sure who's winning really.

    I'm thinking now growth is looking stronger, hopefully wages will start to rise as productivity increases.
    “I could see that, if not actually disgruntled, he was far from being gruntled.” - P.G. Wodehouse
  • MoneySaverLog
    MoneySaverLog Posts: 3,232 Forumite
    shortchanged wrote: »
    Don't worry though as house prices are rising.

    That's not so good for someone saving to buy :-(
  • chucknorris
    chucknorris Posts: 10,795 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    CLAPTON wrote: »
    'wage collapse' = small decrease in 'real' wages

    sometimes this happens in a recession

    I think he meant to type 'England batting collapse?' we lost the first 3 wickets for only 49 runs
    Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop
  • shortchanged_2
    shortchanged_2 Posts: 5,546 Forumite
    MoneySaverLog wrote: »
    That's not so good for someone saving to buy :-(

    Yes I apologise, it was sarcasm.
    Why are we here?......................because we are not all there.
  • leveller2911
    leveller2911 Posts: 8,061 Forumite
    CLAPTON wrote: »
    'wage collapse' = small decrease in 'real' wages

    sometimes this happens in a recession

    Like house prices rising?..........

    Genuine question, have house prices in the past risen when the UK was in recession?.....With or without Government intervention?
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    leveller2911 wrote: »
    Like house prices rising?..........

    Genuine question, have house prices in the past risen when the UK was in recession?.....With or without Government intervention?


    probably not but

    this recession has been one of the longest on record

    we are coming out of a recession

    the population increased 400,000 last year

    government is pumping in an unprecedented amount of cheap money into the economy


    previous recessions may not be a good model to measure the current one
  • leveller2911
    leveller2911 Posts: 8,061 Forumite
    edited 11 August 2013 at 2:54PM
    CLAPTON wrote: »
    probably not but

    this recession has been one of the longest on record

    we are coming out of a recession

    the population increased 400,000 last year

    government is pumping in an unprecedented amount of cheap money into the economy


    previous recessions may not be a good model to measure the current one


    Just what the country needs a massive financial gamble,one that the next generation will pick up the tab for.

    On a personal note ,past recessions have hit far worse than this one.
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    leveller2911 wrote: »
    Genuine question, have house prices in the past risen when the UK was in recession?

    GDP

    2012q4m3annualgdphistoryv3_tcm77-304499.png

    HPI

    Nationwide-Average-House-Price-UnAdjusted-1952-to-Aug-2012.jpg
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”
    -- President John F. Kennedy”
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