BHS 'could file for administration' threatening 11,000 jobs on Monday

Generali

CLAPTON wrote: »

as I'm sure you have read on these boards many times from the 'remain camp', immigrants generate their own demand and hence jobs : that's why unemplyement is a technical impossibly in any society that has immigration.

You do love a straw man CLAPTON.

lisyloo

kabayiri wrote: »

Nobody wants to address the thorny issue of what these tens of millions of young people will actually do.

BHS youngsters/descendents might want to give retail the swerve.

What do you mean?
We have a very low unemployment rate.

CLAPTON

Generali wrote: »

You do love a straw man CLAPTON.

Before you gave up on economics and became an EU acolyte, the issue of immigration and employment would be a discussible item.

kabayiri

lisyloo wrote: »

What do you mean?
We have a very low unemployment rate.

As those ex-BHS employees will tell you, it's important to keen one eye on the future.

BHS failed to adapt; it sounds like it was underfunded for a good number of years; and it's demise was all but inevitable. We went in to a local BHS last year, and recently we have been appliance shopping in John Lewis. The difference in retail experience could not be more marked.

UK plc will also need to adapt.

Speaking of the future, I think this will change the nature of work :
http://www.bbc.co.uk/news/technology-36024160

Interacting with online computer services is set to become a whole heap easier, and our need for basic human support less.

Acceptance is usually one of the biggest blockers to change. Devices like Siri have made communicating by voice with computers much more acceptable.

antrobus

CLAPTON wrote: »

they only run out of money by simple bad accounting unless they are made enough to join a currency union.....

On the contrary, Greece managed to previously default on its debts in 1826, 1843, 1860, 1894 and 1932 without any assistance whatsover from a 'currency union'.

P.S. Every deadbeat debtor who defaults blames "bad accounting".:)

CLAPTON

antrobus wrote: »

On the contrary, Greece managed to previously default on its debts in 1826, 1843, 1860, 1894 and 1932 without any assistance whatsover from a 'currency union'.

P.S. Every deadbeat debtor who defaults blames "bad accounting".:)

the gold standard is a form of currency union

lisyloo

kabayiri wrote: »

As those ex-BHS employees will tell you, it's important to keen one eye on the future

I agree that change will come and those who adapt will make the most of it.
However compared with what people were doing centuries ago or even decades - cleaning chimneys, working at the coal face, then I don't think we need to be pessimistic about the future.

Generali

CLAPTON wrote: »

Before you gave up on economics and became an EU acolyte, the issue of immigration and employment would be a discussible item.

Anything is discussable. It makes little point to there being a discussion at all as you seem to have both sides of the conversation covered.

vivatifosi

I am really confused. Is it the EU's fault that BHS failed?

Stevie_Palimo

vivatifosi wrote: »

I am really confused. Is it the EU's fault that BHS failed?

Nope it is down to a store selling tat much alike the abundance of pound stores but with an inflated price against the items sold, I think as previously said when stores fail to look at a customers needs and adapt to the changes they will only go one way.