Brexit, The Economy and House Prices (Part 2)

GreatApe

Rusty_Shackleton wrote: »

I had a look at the link, and indeed, had a look at some areas out of curiosity. But nowhere could i see overall data for the UK, and were not discussing about individual areas are we... The graph I posted however, slightly more relevant!

Your bar graph is from a wiki and clearly includes part time workers and I suspect also workers who had worked only part of that year.

My link is ones data where you can see full time wages which is clearly more relevant

GreatApe

Rinoa wrote: »

This is the average wage growth 2001 to date, during which time millions of migrants entered the workforce. Maybe you could point out how we all got richer.

Have a look at the same for Japan, a country with close to nil internal migration

Looks a hell of a lot worse

Rusty_Shackleton

bobbymotors wrote: »

Related to the above:

I will as stated put £50 to £5 that they have lost a major customer or something very similar.

Thy are blaming Brexit because its easy to do so....far easier than saying 'we ran our business badly'

You were saying above how they probably had trouble with a supermarket.... If that'd happened, dont you think theyd have had more of axe to grind with that supermarket than over brexit. Youre making assumptions that have no basis, and go against what the business itself has said.

Unfortunately this is what most brexiters will do when confronted with evidence of their bad idea but hey ho, most remainers expect as much.... They blame the EU for things nothing to do with the EU, and they'll blame anyone but themselves for the consequences.

GreatApe

Rinoa wrote: »

The ONS stats say so.

I guess you're going to tell us they're wrong too.

Your wrong for thinking that's what they show

ONS data shows UK wages are very high it also shows UK gifts and Inheritances are massive and much higher than 10-20-30-40-50 years ago

bobbymotors

Rusty_Shackleton wrote: »

You were saying above how they probably had trouble with a supermarket.... If that'd happened, dont you think theyd have had more of axe to grind with that supermarket than over brexit. Youre making assumptions that have no basis, and go against what the business itself has said.

Unfortunately this is what most brexiters will do when confronted with evidence of their bad idea but hey ho, most remainers expect as much.... They blame the EU for things nothing to do with the EU, and they'll blame anyone but themselves for the consequences.

Because the Brexit excuse makes no sense...and if it makes no sense, its not true.

In February all salad stuff from Europe was worth a fortune (wholesale) and within a month it had all dropped back to normal.

And no, they won't say they have lost a big order or anything...because all eg Tesco will do is say they dropped them over quality issues or something.

FYI I am a very very marginal Brexiteer with no strong feelings either way....but now that the people have spoken it must be adhered to: otherwise there was no point having a vote.

Rusty_Shackleton

GreatApe wrote: »

Your bar graph is from a wiki and clearly includes part time workers and I suspect also workers who had worked only part of that year.

My link is ones data where you can see full time wages which is clearly more relevant

Wikipedia is referenced, and since it states

The provisional results from the April 2014 ASHE report gives median gross annual earnings of £22,044 for all employees and £27,195 for full-time employees.

im inclined to think youre wrong.

Unless your source shows the UK median and distribution of salarys its pretty meaningless, unless youre prepared to collate it for us?!

Rusty_Shackleton

GreatApe wrote: »

I am in your generation early 30s myself
How do we have it better than our parents?

1. This is the huge one, we will inherit all their savings and assets or have them gifted to us early

My grandparents got nothing from their parents. The reason is like many in their generation they were truly poor or even those that were not poor it was normal to have 6-10 kids so gifting and Inheritences for those much fewer people able to get them were spread thin. My parents got some help from my grand parents but it wasn't much it was certainly better than nothing. I will receive a lot from my parents and my children will receive even more from me.

Inheritences and gifting is almost never considered when in fact it is a huge part of the economy. Some £200 billion annually in the UK alone. Most UK born kids will inherit free housing

2. Technology medicine internet electricity.

My grandparents didn't have electricity until the 1960s. No TV no fridge no washing machine no kettle not even a radio no easy hot water for bathing. You really can't imagine life like that you think maybe you can but it you can't. Electricity was not common before 1950 and those who did have it only really could use it for lighting and radio and sometimes for heating.

3. Leisure time thanks to both much easier jobs and fewer hours. How much of today did you spend working and how Mich of today did you spend chatting to us on the internet? Maybe people only really work 5-10h a week now and on their backsides browsing the internet.

4. The necessities of life especially food is so much cheaper now almost to the point of being free. You can buy 10 loafs of bread for 1 hours min wage. Just look at height for an indication of nutritional intake. I'm taller than my parents they were taller than theirs etc. Food really was a huge cost and burden now it isn't at all

5. Crime is lower and often less serious.

6. No conscription or mass deaths during war

7. Much better healthcare both knowledge and availably. When I say this the lefties sot up and say ahhh the NHS we foingjt for. That is of course BS it wasn't about just demanding it or why wasn't it demanded decades or centuries earlier. It was about getting to a cerrtaib point economically where it made sense. Same applies to the USA much better healthcare today than 50 years ago.

8. Information and entertainment is free

9.increasing life expectancy both the higher number and being heathy longer

10. Better families

Thanks for the considered response greatape, some good points. I think the big difference is there are areas such as jobs and housing where previous generations did have it better, and regardless of the score overall, there is an expectation that it shouldnt get considerably worse... They are also 2 extremely important aspects of life, which most importantly impact on family life as well, considering the knock on affect of having children (or not as the case may be)

Theres also the small matter that the housing situation has been caused by previous' generations greed, failing to build sufficient housing because fuelling property values has been extremely popular politically. Its all very well that some us will inherit that wealth, but at the expense of many others in our own generation, and also with increasing life spans, at a much later stage of our lives. Its a really messed up situation that has had and will continue to have ugly repercussions.

I for one am incredibly jealous of societys such as Norway, look at what they did with oil revenue, creating the worlds largest sovereign wealth fund to benefit all of their country. What did we do around the same time with north sea oil? We funded tax cuts. Effing brilliant. We can truly be a greedy self-centred, short sighted little island, and its a real shame.

gfplux

bobbymotors wrote: »

Related to the above:

I will as stated put £50 to £5 that they have lost a major customer or something very similar.

Thy are blaming Brexit because its easy to do so....far easier than saying 'we ran our business badly'

Warning Brexit related post in a BREXIT THREAD.

But Bobby they DID SAY that they ran their business badly. They DID NOT hedge the currency.
That means they ran their business badly. They took a chance, they gambled, they lost.
Because they got caught out by the Brexit vote all those, 260 is it, people lost their jobs.
People who in business that know about currency exposure (like me) know exactly why this company went Bankrupt. The management are probably saying (between the lines) we know we were stupid but Brexit was the last straw that broke the camels back, we thought there would not be any big currency movements and certainly not against us.
Saying what they said in the statement is code for "we got it wrong, the Brexit vote killed us"

buglawton

Rusty_Shackleton wrote: »

Don't be facetious. I think 20% is probably higher than a true reflection but the official figures have been gerrymandered and aren't worth the paper their printed on. People working part time hours who want full time - I can't remember what officially qualifies as part or full time in terms of hours, but full time is anything over 26 or something equally lower than what most people on an hourly wage realistically require.

When we're talking about unemployment figures it's not enough that someone technically has a job, they need to be able to survive on it at least.

1. Not many years ago many people with children were griping about the lack of part-time opportunities.

2. When my son worked in retail a couple of years ago (on well over the minimum wage) his biggest issue was fighting off demands for him to do more overtime.

bobbymotors

I didn't notice where they said that but obviously I believe you.

That means they ran their business badly. They took a chance, they gambled, they lost.

Yep, that's business.

Although I can't see how a currency fluctuation could send them to the wall, especially at the moment when very very little of what they would be using would be imported. They were either buying too dear or selling too cheap or both.

Like all these things there will be more to it than we will ever know or be told.