Quote:
Originally Posted by TheDaddy
Pay growth remains low and half the jobs have gone to foreign born immigrants. Kinda takes the gloss of it imo, still it is an achievement, of sorts.
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Well, there wouldn't have been so many immigrants here in the first place if it wasn't for Labour and as for 'pay growth', some job is better than no job.
Plus, if "Employers are so keen to hire that there are now more job vacancies than ever before" then there is an upward pressure on wages, so wages will rise.
That's what happened in Germany. The govt allowed employers to hire and (more importantly) fire, at will. That created more jobs and demand for workers.