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No pay rise? Blame the baby boomers' gilded pension pots

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Comments

  • gadgetmind
    gadgetmind Posts: 11,130 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    BobQ wrote: »
    In fact it was probably the boomers who advocated better employment conditions for your generation through trade unions

    Unions had their role in the distant past, but not during my lifetime. During the 60s and 70s they destroyed many industries, and Mrs Thatcher gave them a much needed bullet to the brain in the 80s.
    I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.

    Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.
  • BobQ
    BobQ Posts: 11,181 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper Combo Breaker
    gadgetmind wrote: »
    Unions had their role in the distant past, but not during my lifetime. During the 60s and 70s they destroyed many industries, and Mrs Thatcher gave them a much needed bullet to the brain in the 80s.

    Popular myth or you were conned.

    http://www.imf.org/external/pubs/ft/fandd/2015/03/jaumotte.htm

    Mrs Thatcher did indeed destroy them to an large extent and the culture she encouraged (that they were unnecessary) did the rest.

    But it was the workers in these industries that allowed it all to happen. Too busy buying their Council Houses and practicing "me first" thinking to notice what unions had done for them. I too recall the era and listening to people joining unionised employers and believing that good working conditions were a right and would continue for evermore. Their children are the ones experiencing minimum wage jobs now

    Give it another 10 years and you will see employers convincing their staff that health and safety is an unnecessary thing for employers to spend money on.
    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.
  • BobQ
    BobQ Posts: 11,181 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper Combo Breaker
    We haven't had a Boomer thread for a while ;) So I thought this might be of interest to some.

    Incidentally, I don't have a Final Salary Pension so you can't blame me!



    http://www.theguardian.com/business/2015/sep/14/uk-pension-fund-shortfalls-blocking-pay-rises

    Even if there is some truth in this, the approach of blaming boomers, pitting young against old, employed against unemployed, home owners against renters is classic divide and rule tactics. The real issue is the economic system that creates inequality, not different categories of people.
    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.
  • BobQ wrote: »
    Even if there is some truth in this, the approach of blaming boomers, pitting young against old, employed against unemployed, home owners against renters is classic divide and rule tactics. The real issue is the economic system that creates inequality, not different categories of people.

    Communism has proven time and again how much fairer it is at running society - everyone has nothing. Simple. Happy. Equality.
    Left is never right but I always am.
  • Communism has proven time and again how much fairer it is at running society - everyone has nothing. Simple. Happy. Equality.

    Absolutely.........

    I have family connections in Venuezuela, there are shortages of even the most basic necessities, nothing in the shops. Last week they were pleased - they managed to track down some meat.........

    We can't send them anything because the military would just intercept any parcels. Corruption rules and is blatant.
  • BobQ
    BobQ Posts: 11,181 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper Combo Breaker
    edited 15 September 2015 at 11:25PM
    Communism has proven time and again how much fairer it is at running society - everyone has nothing. Simple. Happy. Equality.

    I was not advocating economic "equality". I was referring to the current system which has led to increasing inequality. Or do you believe in a society that is increasingly more divided?
    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.
  • He is going to restore fairness.

    And fairies live at the bottom of my garden.....:rotfl:

    Taxis the only way to get to Heathrow? No trains or buses?
  • BobQ
    BobQ Posts: 11,181 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper Combo Breaker
    Absolutely.........

    I have family connections in Venuezuela, there are shortages of even the most basic necessities, nothing in the shops. Last week they were pleased - they managed to track down some meat.........

    We can't send them anything because the military would just intercept any parcels. Corruption rules and is blatant.

    Not sure what point you are making. Do you want Britain to have 99.9% of its wealth owned by 1% of the population?
    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.
  • MJ12
    MJ12 Posts: 86 Forumite
    BobQ wrote: »
    Not sure what point you are making. Do you want Britain to have 99.9% of its wealth owned by 1% of the population?

    I think he is trying to point out the problematic outcome of communism in practice.
    2nd Aug, 15: £276k. 18th Sep, 15: £269k. 30th Oct, 15: £265k.
  • gadgetmind
    gadgetmind Posts: 11,130 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    I have family connections in Venuezuela, there are shortages of even the most basic necessities, nothing in the shops. Last week they were pleased - they managed to track down some meat.........

    My BIL was out there until recently, but fortunately we could send him food parcels via BFPO. A once proud country, that abounds with natural riches, has been brought to its knees by a left wing ideology that has been shown time and time again to simply not work.
    I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.

    Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.
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