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Wages fail to keep track with inflation
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Amnesia10
Legend
Joined: Fri Apr 24, 2009 2:02 am
Posts: 29240
Location: Guantanamo Bay (thanks bobbdobbs)
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http://www.telegraph.co.uk/finance/econ ... ation.htmlNot surprising really when it is government policy to send us all to the poor house to become more competitive internationally and to benefit their multinational masters. If Primark customers are cutting back then it is bad.
_________________Do concentrate, 007... "You are gifted. Mine is bordering on seven seconds." https://www.dropbox.com/referrals/NTg5MzczNTkhttp://astore.amazon.co.uk/wwwx404couk-21
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| Thu Mar 17, 2011 9:55 am |
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l3v1ck
What's a life?
Joined: Fri Apr 24, 2009 10:21 am
Posts: 12700
Location: The Right Side of the Pennines (metaphorically & geographically)
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Pay rise... What's a pay rise?
I work for Halliburton again now. Unlike my prevous employer, they do everything they can to get out of giving any annual pay rises at all.
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| Thu Mar 17, 2011 9:06 pm |
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koli
Doesn't have much of a life
Joined: Fri Apr 24, 2009 5:12 pm
Posts: 1171
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My payrise didn't cover inflation either, bastards!! But on the other hand my bonus more than compensated me for that so it is all cool  Maybe you guys need to change your employers...
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| Thu Mar 17, 2011 9:12 pm |
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HeatherKay
Moderator
Joined: Thu Apr 23, 2009 6:13 pm
Posts: 7262
Location: Here, but not all there.
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Very droll.  _________________My Flickr | Snaptophobic BloggageHeather Kay: modelling details that matter. "Let my windows be open to receive new ideas but let me also be strong enough not to be blown away by them." - Mahatma Gandhi.
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| Thu Mar 17, 2011 9:14 pm |
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koli
Doesn't have much of a life
Joined: Fri Apr 24, 2009 5:12 pm
Posts: 1171
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koff!! 
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| Thu Mar 17, 2011 9:18 pm |
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snowyweston
Doesn't have much of a life
Joined: Thu Apr 23, 2009 6:28 pm
Posts: 851
Location: EC1 Baby!
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As it's staff review time at work, and because I quoted the RPI in mine today, I'm going to wade on in here and question something again about this whole "the government are evil" thing being touted about... Ok fine, we can suspect them of that (I guess) but wouldn't reports like: Mean that if we stop spending, commercial giants from overseas will think twice about the UK - reduce their development/etc - and so negate the first suspicion - as surely the government would want to continue to foster such relationships? 
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| Thu Mar 17, 2011 9:35 pm |
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Amnesia10
Legend
Joined: Fri Apr 24, 2009 2:02 am
Posts: 29240
Location: Guantanamo Bay (thanks bobbdobbs)
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There are two issues. With a huge debt load on most people and a grossly overpriced housing market facing a generation of decline, this generation are going to be poorer than their parents. There is also the prospect of our children's generation being poorer still. It will not be a rapid decline but a slow relentless one. As consumers cutting back, this only really impacts those from abroad planning to sell to us. They can still succeed if the exchange rate allows them to compete. It is not so cut and dried. Also the consumer cutbacks are only likely to be until individual finances improve. For some they will recover quicker, and some will only clear their problems through bankruptcies. Some who have no debts might benefit from lower prices for goods but find that their savings suffer from lower interest rates. Companies will invest here if they can make money by exporting profitably, and that depends on wage rates, and the exchange rate. _________________Do concentrate, 007... "You are gifted. Mine is bordering on seven seconds." https://www.dropbox.com/referrals/NTg5MzczNTkhttp://astore.amazon.co.uk/wwwx404couk-21
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| Thu Mar 17, 2011 11:45 pm |
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Linux_User
I haven't seen my friends in so long
Joined: Tue May 05, 2009 3:29 pm
Posts: 7173
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The Governor of the Bank of England doesn't want wage rises to keep track with inflation anyway: http://www.bbc.co.uk/news/business-12282405
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| Fri Mar 18, 2011 1:30 am |
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big_D
What's a life?
Joined: Thu Apr 23, 2009 8:25 pm
Posts: 10691
Location: Bramsche
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I had a 50% pay cut about 10 years ago, since then, I've managed to claw back 5%...
_________________
"Do you know what this is? Hmm? No, I can see you do not. You have that vacant look in your eyes, which says hold my head to your ear, you will hear the sea!" - Londo Molari
Executive Producer No Agenda Show 246
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| Fri Mar 18, 2011 5:17 am |
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