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Post by Pacifico on Mar 20, 2023 11:53:30 GMT
b It says nothing about why. You are reading something into it that doesnt exist. Well at least you are now admitting that wages have fallen - that is progress!  Any thoughts yet on how we got music before mass immigration? |
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Post by oracle75 on Mar 20, 2023 13:24:43 GMT
Clearly you didnt look at the graph in the link because you couldnt be so stupid as to say that otherwise.
It seems to me that your comments have become so silly as to not merit a reply. And that we have reached the limits of any justification of your credibility other than xenphobia and scapegoating.
Nasty stuff.
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Post by Vinny on Mar 26, 2023 8:09:22 GMT
b It says nothing about why. You are reading something into it that doesnt exist. Well at least you are now admitting that wages have fallen - that is progress! Any thoughts yet on how we got music before mass immigration? Good post. |
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Post by oracle75 on Mar 26, 2023 9:28:08 GMT
But wages havent fallen, not in the UK, not in the EU.
However productivity / growth is bettervacross Europe, and much of the ROW.
The premise of the OP is not true.
Maybe you would like to explain why the UK is falling behind comparable countries.
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Post by buccaneer on Mar 26, 2023 10:10:14 GMT
But wages havent fallen, not in the UK, not in the EU. However productivity / growth is bettervacross Europe, and much of the ROW. The premise of the OP is not true. Maybe you would like to explain why the UK is falling behind comparable countries. The premise in the OP is true: wages supressed (which is a natural consequence of a surplus of cheap labour) and profits rip. |
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Post by oracle75 on Mar 26, 2023 18:13:40 GMT
WAGS HAVE NOT FALLEN IN THE EU.
But profits are up.
It is called productivity.
Something rare in the UK.
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Post by Vinny on Mar 26, 2023 18:45:54 GMT
But wages havent fallen, not in the UK, not in the EU. However productivity / growth is bettervacross Europe, and much of the ROW. The premise of the OP is not true. Maybe you would like to explain why the UK is falling behind comparable countries. The premise in the OP is true: wages supressed (which is a natural consequence of a surplus of cheap labour) and profits rip. Good post. |
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Post by bancroft on Mar 26, 2023 20:52:37 GMT
Whether by design or lack of ability you have completely missed my point. There arent enough doctors. So they, by your "thinking" means they should command a very high wage. Baristas are aleays available yet today are paid more per hour than doctors. I told you your simplistic mantra barely touches the things that affect wages. I already mentioned how profit and investment affects wages. I dont need you to mirror that back to me. I would avoid comparisons with Baristas. A lot of high street brands pay very modestly yet some ultra chic ones will make a lot of money which ones do you think junior doctors were comparing themselves too? |
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Post by oracle75 on Mar 26, 2023 21:07:37 GMT
But wages havent fallen, not in the UK, not in the EU. However productivity / growth is bettervacross Europe, and much of the ROW. The premise of the OP is not true. Maybe you would like to explain why the UK is falling behind comparable countries. The premise in the OP is true: wages supressed (which is a natural consequence of a surplus of cheap labour) and profits rip. I would appreciate an intelligent lucid reply to this. www.ecb.europa.eu/pub/economic-bulletin/focus/2022/html/ecb.ebbox202203_04~dd90d8dbde.en.htmlOtherwise, go back to school. |
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Post by buccaneer on Mar 26, 2023 21:20:20 GMT
Sure, once you have demonstrate this is false like you've previously stated: To those who actually buy stuff this may not seem like a groundbreaking insight, and yet for the past nine months, the European Central Bank (ECB), responsible for keeping prices level, has increased interest rates, making it even harder for people to buy things, while letting corporate profits — the main driver of inflation — off the hook.
This puts further pressure on disposable income, which despite massive government support schemes — estimated at €800bn in 2022 alone — fell by 2.9 percent last year; 6.9 percent in Greece and 3.1 percent in Germany, where it fell for the third year in a row.
The question is, why? Why do we suppress wages while letting let profits rip? To put it in historical perspective: in the 1970s, nearly 70 percent of economic output went to employees, with just over 20 percent going to profits. Now, labour's share stands at 56 percent with a third going to profits.Otherwise, go back to school. |
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Post by oracle75 on Mar 26, 2023 21:37:48 GMT
Whether by design or lack of ability you have completely missed my point. There arent enough doctors. So they, by your "thinking" means they should command a very high wage. Baristas are aleays available yet today are paid more per hour than doctors. I told you your simplistic mantra barely touches the things that affect wages. I already mentioned how profit and investment affects wages. I dont need you to mirror that back to me. I would avoid comparisons with Baristas. A lot of high street brands pay very modestly yet some ultra chic ones will make a lot of money which ones do you think junior doctors were comparing themselves too? 'Twas ever thus. Please dont compare public taxpayers' work whose pay is determined by MP's and who go to bed exhausted to those very MP's who take public money and then work on the side for 10,000 quid a pop. How sad to see an exposition of legally approved by MP'S extra earnings ..as long ad they are declared, and legally invested in off shore accounts, given the AOK. By themselves. The whole estate is protected by those who lie, those who make rules that protect themselves and pursue the rest of us by force. The UK never really overthrew the monarchy or the privileged system Cromwell hoped for Get rid if the House of Lords. Then the country will be free of politically motivated privilege. The who knows who and the secrecy that drives the secret British economy. And the voters have no choice about what really is going on except through politically motivated press headlines. And those are designed to steer the average voter into one corral or the other. The whole of political opinion depends on the coins in your pocket. The country is run, controlled and directed by the press. Who are at perfect liberty to tell you what the hell they want. They control you. The actual FACTS are that wages have not fallen in the EU...and the OP doesnt even say since when. Surged is an emotive term . Again no comparison. Surged against what? However ofgocial resultd say that EU economies are recovering and growing faster tban in the UK. Perhaps you might start s thread about why that is true. |
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Post by oracle75 on Mar 26, 2023 21:47:43 GMT
Sure, once you have demonstrate this is false like you've previously stated: To those who actually buy stuff this may not seem like a groundbreaking insight, and yet for the past nine months, the European Central Bank (ECB), responsible for keeping prices level, has increased interest rates, making it even harder for people to buy things, while letting corporate profits — the main driver of inflation — off the hook.
This puts further pressure on disposable income, which despite massive government support schemes — estimated at €800bn in 2022 alone — fell by 2.9 percent last year; 6.9 percent in Greece and 3.1 percent in Germany, where it fell for the third year in a row.
The question is, why? Why do we suppress wages while letting let profits rip? To put it in historical perspective: in the 1970s, nearly 70 percent of economic output went to employees, with just over 20 percent going to profits. Now, labour's share stands at 56 percent with a third going to profits.Otherwise, go back to school. Profits are not "letting rip" unless you are a mate of a Tory Politician. From your own quote, are you advocating that more profits should go back to employees....you would squeal the iniquities of socialism. Company profits are what Tories WANT. What they dont seem to be able to do is tie them into poductivity per capita. Or offerering better benefits to international investment that is better than somewhere else. |
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Post by Pacifico on Mar 26, 2023 21:54:20 GMT
Sure, once you have demonstrate this is false like you've previously stated: To those who actually buy stuff this may not seem like a groundbreaking insight, and yet for the past nine months, the European Central Bank (ECB), responsible for keeping prices level, has increased interest rates, making it even harder for people to buy things, while letting corporate profits — the main driver of inflation — off the hook.
This puts further pressure on disposable income, which despite massive government support schemes — estimated at €800bn in 2022 alone — fell by 2.9 percent last year; 6.9 percent in Greece and 3.1 percent in Germany, where it fell for the third year in a row.
The question is, why? Why do we suppress wages while letting let profits rip? To put it in historical perspective: in the 1970s, nearly 70 percent of economic output went to employees, with just over 20 percent going to profits. Now, labour's share stands at 56 percent with a third going to profits.Otherwise, go back to school. Profits are not "letting rip" unless you are a mate of a Tory Politician. From your own quote, are you advocating that more profits should go back to employees....you would squeal the iniquities of socialism. Company profits are what Tories WANT. What they dont seem to be able to do is tie them into poductivity per capita. Or offerering better benefits to international investment that is better than somewhere else. How do the Tories influence what the ECB does? 'the European Central Bank (ECB), responsible for keeping prices level, has increased interest rates, making it even harder for people to buy things, while letting corporate profits — the main driver of inflation — off the hook.' |
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Post by oracle75 on Mar 26, 2023 21:54:26 GMT
By the way, if you want to discuss international/EU profits, it would be interesting for you to discuss the economic growth of each of the 28 members whose companies make decisions and not the EU.
The EU only acts as a facilitator to trade, an agreed environmental union and an agreed workers rights contract.
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Post by oracle75 on Mar 26, 2023 21:59:28 GMT
Profits are not "letting rip" unless you are a mate of a Tory Politician. From your own quote, are you advocating that more profits should go back to employees....you would squeal the iniquities of socialism. Company profits are what Tories WANT. What they dont seem to be able to do is tie them into poductivity per capita. Or offerering better benefits to international investment that is better than somewhere else. How do the Tories influence what the ECB does? 'the European Central Bank (ECB), responsible for keeping prices level, has increased interest rates, making it even harder for people to buy things, while letting corporate profits — the main driver of inflation — off the hook.'Like the US if you make it harder to biy things, you keep inflation down. Surely you know this if you want to discuss economics. Corporate income is not off the hook. Any loan they want/need to grow costs more. JEEZUS! This is elementary economics!! |
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