Quote:
Originally Posted by Ramrod
Again, the equivalent of zero hours contracts has dug Germany out of a hole and made it a booming economy. Give it time.
|
They also have the Euro making their exports way cheaper than they should be, and fiscal transfers lending other EU countries money to buy their exports.
It seems absurdly simplistic to suggest that zero hours contracts made Germany a booming economy. Internal devaluation and the Euro seem rather to blame as well.
We can't follow this formula.
The Tories rejected attempting to rebalance the economy for fear of losing votes so our current account deficit is massive.
Despite claiming that they would aim for price stability the Tories are throwing public money at house prices for political reasons while Germany kept them relatively stable.
Our currency floats so we won't internally devalue, and external devaluation failed to make much of a dent in our current account deficit as everyone else was doing it at the same time.
Our issue is one of productivity. Zero hours contracts will make that worse, not address it. The kind of employees who produce won't tolerate zero hours. The French produce as much in 4 working days as we do in 5. We have given up hopes of an efficient, productive workforce in favour of pretty looking employment numbers. The income tax take reflects this with a very high employment rate and abysmal income tax take.
We need smarter, more efficient work, not more of it. We need more investment in R&D, more investment in science by the government, less borrowing by corporations to fund share buybacks and individuals to fund unproductive investment in property.
Of course the necessary actions to do this wouldn't make for good politics, so good luck seeing that any time soon.
Join CF
You are here: 
.
