Quote:
Originally Posted by Osem
All very good in theory but the inescapable truth is that wage costs adversely affect competitveness and drive jobs away from the UK to places like China, India and Brazil. This is the very reason the UK has haemorrhaged jobs over the decades. Of course paying employees more is a worthy aim but employing more staff than is necessary with higher wages will simply result in more job losses. Have a look at working conditions and pay rates in the likes of China and India and you will see why. Like it or not we're competing with these countries and unless you're someone who only ever buys British, consciously invests in business for a low return and employs British (as opposed to migrant) tradesmen at above the going rate out of generosity, you're just as much a part of the problem as the rest of us.
It's all very well banging on about reducing profits and dividends but those profits and dividends are what in large part pay our pensions.
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thats the problem its housing markets/land from south is massive issue to why thats happening wages have to disgracefully high to support living standards. Needs brave government to turn this around food house prices should be same all over. Tackle the fundemental dear britain we turn it around.
The pensions thing always been stupid to be overly reliant on russian roulette to make pensions viable.
New way doing it should be setup one less reliant on risks and stocks more with part tax, company, individual. I think similar public sector way I always thought companies should maybe cough up more toward the pension than they currently do. I aint expect so it might not work but its clear russian roulette style even worse considering the black hole.
Priority get the economy working again that means governments, business, investors work together to get money into the system via wages, jobs at the bottom and further up. without money circulation life support is cut this the crux we are in. Pensions is our last thing we need to be mindfull sadly bigger fish is world economy death rolling.