91–100 of 385 posts
If you want to create jobs, start a pandemic. Over a hunderd thousand jobs were created for testing, contact tracing and vaccinations in my small European country.
Those jobs are temporary. On the other hand how many jobs were made redundant as a side-effect of the pandemic? Catering moving a lot towards delivery, people realizing they can actually work from home, etc.
My first thought was the pandemic and Brexit, but according to the article the employment numbers are back to where they were pre pandemic. So it's only Brexit? A lot of seasonal workers left before the pandemic and are not coming back?
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The answer is to control the housing market and stop it being used an investment against inflation. Force people to invest in industry against inflation - not rent-seeking in housing, or cryptocurrency pyramid schemes. Only allow resident citizens to own the one property they live in, and have the government handle rentals like the old council housing / Folkhemmet homes.
I think the political will here is kind of weak...the voters who own housing dont want their asset to decrease in value and wont vote for politicians who want to force investment into industry, versus the renters who do. I am not sure what to suggest...
There's a fast food restaurant near my house that is trying to fill vacancies at $20/hr.
I get the impression a lot of these service businesses just won't be viable in a higher wage economy.
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Inflation will make any increase in wages meaningless. It will also further drive investment into housing to escape the free falling cash. The answer is no lockdowns, no bailouts, and no quantitative money printing to oblivion. Let the everything bubble pop and start over with sound first principles. We will get there, but not before politicians make it worse and delay the inevitable defaults.
The answer is to control the housing market and stop it being used an investment against inflation. Force people to invest in industry against inflation - not rent-seeking in housing, or cryptocurrency pyramid schemes. Only allow resident citizens to own the one property they live in, and have the government handle rentals like the old council housing / Folkhemmet homes.
I am curious when the UK will be less strict with worker visas again for European workers after Brexit. It seems the UK has way more economic issues during this phase of the pandemic than mainland EU. On the mainland there are no empty supermarkets, or farms not being able to harvest because of labour shortages. So it seems to be a Brexit issue. But if they allow more European workers again, what was then the point o…
Good. Wages must be forced up. You can’t have a modern economy without a capitalized middle class. Real estate is so ludicrous we need quite a bit of inflation to make it reasonable again. The alternative would be a deflationary crash where real estate crashes and obliterates everyone’s home equity, but that is far more painful to virtually everyone.
> Real estate is so ludicrous we need quite a bit of inflation to make it reasonable again. Alternatively, we could invest in rural areas and other left-behind areas ("flyover states" in the US, Eastern Germany in Germany). Right now, the infrastructure there is flat-out unable to sustain quality modern human life unless you're Amish and fine with travelling on horseback: no high speed internet, no public transport,…
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Or just increase wages and increase prices.
Second part is not that simple in global economy if you have Chinese cheap labor as direct competitors especially in the food industry where margins for farmers are already too low. I would recommend Jeremy Clarkson - "Clarkson's Farm" first year of operation on a 300 acres farm made a yearly profit of £144 :)
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Work camps where exploited eastern europeans live in horrible conditions, their rights are violated, they get underpaid and a substantial portion of their wage goes to the agencies acting as middle men.
Are you describing the old system or the new system? Because that's what the UK had before, and it's what the Australian system they're trying to emulate produces too.
People would come in, live on site and be feed on site, work hard for 3 months (maybe moving sites as demand came and went) then leave and go back home.
The 3 months of hard work and bad conditions was worth it because of the buying power the wages had comparatively back home.
UK people simply wont put up with that because they have to use the wages in the UK.
If only there were people willing to move to your country from their current bad situation, so eager for citizenship they’d take on any job.. it’s almost an arrangement too good to be true