37 Ways to Reform the Economy So It’s Not Rigged for the Rich

cepheus

Thrugelmir wrote: »

Sorry to burst your bubble. We are producing less yet paying ourselves more. Which means the UK is even less competitive. More so for sweatshop jobs. The average French worker produces in 4 days what takes the UK worker 5 days.

I would add the caveat that companies such as Nissan are an exception.

Working more hours for less GDP output is what I mean

CLAPTON

cepheus wrote: »

Working more hours for less GDP output is what I mean

why would any government want that?
it means more state spending on benefits and less tax revenue

Thrugelmir

cepheus wrote: »

Working more hours for less GDP output is what I mean

The grain harvest depends on the weather. Oil and gas output varies according to whether rigs are closed for maintenance. GDP is a constantly revised number. That in many respects has little to do with hours spent.

Conrad

cepheus wrote: »

Probably not, but it's this government policy to generate a sweatshop economy, we are working more for less as shown in the low productivity figures.




https://www.psa.ac.uk/insight-plus/how-has-uks-coalition-government-performed

again given its so dreadful here it's a wonder all these Poles and others specifically want to come here and build their lives. Surely there are many better destinations.

If you listen to the various radio phones ins as I do, lots of Northern callers are specifying a big change up there with expanding enterprise.

Economists are too far removed and lofty to spot such changes.

Conrad

cepheus wrote: »

Working more hours for less GDP output is what I mean

More nonsense from academics.

michaels

cepheus wrote: »

Working more hours for less GDP output is what I mean

We used to have some very productive individuals who generated huge amounts of GDP on their own, so we drummed them out of town. They were called bankers. We replaced them with loads of people who poured lattes and washed cars.

Thrugelmir

michaels wrote: »

We used to have some very productive individuals who generated huge amounts of GDP on their own, so we drummed them out of town. They were called bankers. We replaced them with loads of people who poured lattes and washed cars.

Not forgetting the letting of property illegally. Or paid people in cash and therefore off the radar.

antrobus

cepheus wrote: »

Working more hours for less GDP output is what I mean

Nonsense.

Actual hours worked per worker in May-Jul 2015 was 32.0 hours. It's been 32 point something hours since 1999. If anything hours worked per worker are declining.