Thread: Post-Brexit Thread
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Old 06-09-2016, 15:07   #1554
ntluser
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Re: Post-Brexit Thread
Quote:
Originally Posted by Hugh View Post
Erm, in the 60s and 70s the pay differential between owners/senior managers was much less than it is now, and it was the fact that the overseas manufacturers had cheaper labour and cheaper raw materials which made the price differential so much; that and the fact we had terrible quality control, and thought we still had an Empire that had to buy from us, rather than producing and exporting their own goods.

We, as a country (both politicians, industries, and workers) did not adapt to a changing world, tried to live on our laurels, and got left behind...
Unfortunately, we are still making the same mistakes because as you say the pay differential now is higher than it was in the past. We have actually learnt nothing.

Is it any wonder that we have a massive deficit because we, as a country, are not planning financial reductions or making any real effort to live within our means.
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