Pensioners now have higher Incomes than workers

michaels

Quasar wrote: »

Meanwhile, wages are seeing a race to the bottom. Companies pay as little as possible, all the while being praised by the government for creating jobs that in actual fact need to be supplemented by the taxpayer in order to reach a living income. Large corporations avoid paying most, if not all, the tax they rightfully owe, so many cuts here and there need to be made in order to continue this squeeze at both ends.

That many (NOT all, mind) pensioners are better off than many (NOT all, mind) workers shouldn't be a cause of dismay. In fact we should all seek to protect a good income for our old age. What we should be doing, instead of bemoaning pensions and attendant old age benefits, is to campaign for higher wages and less squandering left right and centre.

Oh wait, the Chinese are now buying Britain, so that's better wages down the drain then. Back to resenting pensioners, then.

I agree, everyone should earn at least 50% more than they do and it is a scandal that they don't. After all as a country if we can run a trade deficit of 5% of GDP and thus consume 5% more than we actually produce why shouldn't we increase that to 55% more consumption than production? Anything less is simply against our collective human rights.

CLAPTON

princeofpounds wrote: »

To be fair, they have slipped, a little, since the 08 crisis in real terms.


But they are up 40% since 1988, though various flavours of government (the time period is just the data I have to hand).

in the context of a 'race to the bottom', that fact is that wages are increasing now.

princeofpounds

in the context of a 'race to the bottom', that fact is that wages are increasing now.

well yes, I agree with you, but I just wanted to put a bit of context around it.

Mistermeaner

michaels wrote: »

I saved all my life for when I was old and now I am old why should I spend my savings?

Because your savings are funded by my taxes