Brexit, the economy and house prices (Part 3)

Herzlos

Thrugelmir wrote: »

Wages are paid from profits earnt. Profits aren't growing that quickly.

Employers are also having to fund pension contributions now. So the headlines aren't strictly true.

But genuinely low unemployment drives wages up sharply because there is more demand than supply - you can jump into another job for a pay rise. That that isn't happening implies that people aren't changing jobs, but why not?

economic

Herzlos wrote: »

But genuinely low unemployment drives wages up sharply because there is more demand than supply - you can jump into another job for a pay rise. That that isn't happening implies that people aren't changing jobs, but why not?

not neccesarily. changing jobs does not at all always mean wages rise. low unemployment does not mean wage increases either. you may just have more people employed at the average wage level or more people employed at high wage level and low wage level which offsets eachother to create an average no wage rise.

Thrugelmir

Herzlos wrote: »

But genuinely low unemployment drives wages up sharply because there is more demand than supply - you can jump into another job for a pay rise. That that isn't happening implies that people aren't changing jobs, but why not?

Unemployment isn't as low it may seem. Extra hours offered by employers therefore are easily absorbed. In addition many of the jobs created more recently are low paid (low skill), part time, low quality etc. Then there's the growth of self employment. Think of the gig economy. Labour is turned on or off at the flick of a switch. Uber, Just Eat, Deliveroo etc.

badmemory

I've managed to vote at every single election local & national since I was 21 (which was then the voting age). I have voted when first husband "told" me not to, I voted a few days after he drove his car onto the pavement where I was walking, but I must confess I have never voted when it was raining too much. But then it can never (obviously in my opinion only) rain too much to vote. But I am only in my 70s so maybe when I hit my 80s it just may!

If you don't vote you have no right to complain about any outcome.

fatbeetle

holidaysforme wrote: »

I don't believe there will be another referendum. Fact is the other countries of the EU want us gone now.

They cannot live without our money to pee away.

holidaysforme wrote: »

They want their divorce bill settled and rightly so.

There is no "divorce" nor "bill". The only people who claim there is are those UK hating lefties who want to wallow in misery.

Enterprise_1701C

What has happened to believing in our country.

We have voted for Brexit, what's done is done.

What we have to do is ensure that it works. The EU obviously do not want it to work so it is obvious that we now have to work against them. All the naysayers and doom mongers want it to fail so they can turn around and say that we should be staying.

The fact is that we were betrayed. We joined the common market, we were never given the choice about the federal states of Europe. Maybe, just maybe, we can make it good on the world stage if people started backing us instead of trying to talk us down.

gfplux

Filo25 wrote: »

I had a great time thanks, was in both North and South, spent a bit of time in Tuscany and some in Campania, as you say the north/south divide is pretty pronounced.

I could imagine worse fates than retiring in Tuscany if I could ever afford it

Have a look at Umbria (Perugia) I worked there for a while. Very beautiful and cheaper than Tuscany. For Northern Italians it's considered "The South" for me I felt the area and people has both the north and the south in their blood.

gfplux

Conrad wrote: »

Ahem - remember me rattling on about J-Curve benefits, roundly dismissed by Remainers as 'Tigers milking goats nonsense';


The highest proportion of British manufacturers in at least 20 years now report rising output and orders.

•Respondents report especially strong demand from the European Union.




http://www.forexlive.com/news/!/more-uk-data-manufacturers-report-rising-output-and-orders-20170904

Finally some good results from the devalued pound. It's actually a double win as our main market, the EU27 is trading very strongly and goods coming from the UK 15/20% cheaper are in demand,

Herzlos

Thrugelmir wrote: »

Unemployment isn't as low it may seem. Extra hours offered by employers therefore are easily absorbed. In addition many of the jobs created more recently are low paid (low skill), part time, low quality etc. Then there's the growth of self employment. Think of the gig economy. Labour is turned on or off at the flick of a switch. Uber, Just Eat, Deliveroo etc.

Exactly. Thus "record low unemployment" is nonsense, especially when zero hours contracts are so common. It's even no use as a comparison because different countries use different metrics.

Herzlos

nic_c wrote: »

So the pensioner on the basic state pension unable to afford a car, may not be able to walk as far as when they were younger, is more likely than a younger fitter full-time worker who has wage and tax credits to afford big TV's,smoking, and going out to the pub?

We can all talk about stereotypes and excuses. Voting is just low down on the priority scale for many younger people

Pensioner with free bus pass is more likely to get a bus than someone who can't afford it.

Says a lot that you characterizing the youth as tax credits and squanders it, rather than just having a hard time.