The R word

StevieJ

movilogo wrote: »

Recession is good. Everything will become cheaper

Including wages :cool:

sevenhills

itwasntme001 wrote: »

How are there more negatives then positives? Sure its not as simple as wages will just rise, but if you bring back home some production of goods and at the same time reduce the inflow of low skilled immigrants, it is very likely wages will rise.

Are you talking about EU immigrants, because the latest figures show that more EU immigrants returned to the EU than came here; but that was reversed by more immigration from outside of the EU.

Thrugelmir

Filo25 wrote: »

Interest rates won't be edging up for much longer if the global economy starts to cool.

Problems on both sides though as you say, productivity growth has been anaemic for a very long time, constraining the supply side and ability to grow real wages significantly, and the hefty debt pile out there is going to weigh on demand (and probably also restrict the scope of interest rate increases)

UK needs to borrow. That's the bottom line. US trajectory for interest rates is upwards. One cannot ignore the influence. With many countries linking their own currencies directly to the $. QE has ended. Banks will slowly need to raise deposits themselves rather than be gifted cheap money from central banks.

itwasntme001

sevenhills wrote: »

Are you talking about EU immigrants, because the latest figures show that more EU immigrants returned to the EU than came here; but that was reversed by more immigration from outside of the EU.

I am talking about the refugees from places like Syria. We are forced to take some on by the EU.

Filo25

Thrugelmir wrote: »

UK needs to borrow. That's the bottom line. US trajectory for interest rates is upwards. One cannot ignore the influence. With many countries linking their own currencies directly to the $. QE has ended. Banks will slowly need to raise deposits themselves rather than be gifted cheap money from central banks.

With the yield curve flattening/inverting, US rates may already be getting close to the top for this tightening cycle.

HAMISH_MCTAVISH

itwasntme001 wrote: »

I am talking about the refugees from places like Syria. We are forced to take some on by the EU.

Eh?

Source? Reference?

Herzlos

itwasntme001 wrote: »

I am talking about the refugees from places like Syria. We are forced to take some on by the EU.

Do you have some moral objection to helping people who've had their cities destroyed (by a war that we sort of helped create)? Or is the objection the idea that the EU forced us to? I don't believe it did, anyway, Merkel asked everyone to help out, we offered to take a puny number and then failed to deliver on it.


From my awareness (not being directly related but know neighbours of some of the Syrians), most have integrated pretty well and are contributing to society. Certainly more so than some of the people complaining about them.

itwasntme001

Sure we do not officially have a quota agrrement with the EU to take in refugees, however this does not mean there is no pressure to accept some migrants in the form of refugees and asylum seekers.


I have nothing wrong with migrants settling here (as long as they are a net positive contributer to the economy). All i am suggesting is that this practice of importing low skilled workers (lets face it that is what refugees are), is keeping wages low particularly for the working class. It is no wonder we then have things like brexit.


I do worry however that many are not and will not be net contributers to our economy which means that it is the rest of us who have to pay for them.

A_Pandiculation

Herzlos wrote: »

Do you have some moral objection to helping people who've had their cities destroyed (by a war that we sort of helped create)? Or is the objection the idea that the EU forced us to? I don't believe it did, anyway, Merkel asked everyone to help out, we offered to take a puny number and then failed to deliver on it.


From my awareness (not being directly related but know neighbours of some of the Syrians), most have integrated pretty well and are contributing to society. Certainly more so than some of the people complaining about them.

As you are a self confessed citizen of neither the UK nor the EU I wonder if you will be brave enough to honestly tell us your nationality so that we may compare human rights records, refugee acceptances etc. before you try to take the moral high ground over somebody with a different opinion to your own?

The UK is one of only five countries which met the UN's 0.7% foreign aid target last year with even Germany not reaching that target. How well does your country compare?

lisyloo

I do worry however that many are not and will not be net contributers to our economy which means that it is the rest of us who have to pay for them.

We take on a tiny number of refugees/asylum seekers.
We don't take them on for economic reasons but for hmanitarian.


I think you are focussing on the wrong thing.


BTW - my 2 brothers brought in a wife each from outside the EU. They will be net takers (they do work but low paid and are likely to be net takes).
How many spouses do you think come is vs refugees?
Do you want to stop spouses?