What seems counterintuitive in the current conversation is the allegation that higher pay rises will maintain and even increase inflation. If inflation sits at c. 10%, unless we all get 10% increases aren’t we all poorer? And if we’re poorer we’ll have less to spend, shrinking the economy?
It’s not like inflation will reverse and that big jump will leave everyone too far ahead, these price increases aren’t going to just disappear.
Anyone know economics?
Brexit has fucked the inflation. Everything takes twice as long to get through custom or not at all, meaning the demand for things is higher than supply. Prices rise and inflation goes up.
Not that this government give a fuck though, not one person in the house of commons will suffer.
The opposite is happening in professions with skill shortages; I’m seeing salary demands from developers which are starting to have some parity with US rates.
Start eating worms people.
If you don’t know what that means…. then learn.
Workers have been getting fucked for decades. You cant bend over take it for decades and then act surprised when someone expects you to bend over and just take it.
Is this net or gross? Let’s not forget that the Tories thought that a cost of living increase was a great time to raise taxes too.
Majority of U.K. households own their homes, rather than rent them. For those people, half the inflation rate is fine as half their outgoings are unaffected by inflation unless they’re idiots and not on fixed rates.
Those who are truly fucked over are once again those who rent
Or, to put it another way, average UK pay effectively cut by 5%.
Half the inflation and I wonder what percentage compared to rent increases? Seeing as mine has gone up 10% in the last 9 months and is being Section 13ed to go up another 8% from that (19% from the original).
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What seems counterintuitive in the current conversation is the allegation that higher pay rises will maintain and even increase inflation. If inflation sits at c. 10%, unless we all get 10% increases aren’t we all poorer? And if we’re poorer we’ll have less to spend, shrinking the economy?
It’s not like inflation will reverse and that big jump will leave everyone too far ahead, these price increases aren’t going to just disappear.
Anyone know economics?
Brexit has fucked the inflation. Everything takes twice as long to get through custom or not at all, meaning the demand for things is higher than supply. Prices rise and inflation goes up.
Not that this government give a fuck though, not one person in the house of commons will suffer.
The opposite is happening in professions with skill shortages; I’m seeing salary demands from developers which are starting to have some parity with US rates.
Start eating worms people.
If you don’t know what that means…. then learn.
Workers have been getting fucked for decades. You cant bend over take it for decades and then act surprised when someone expects you to bend over and just take it.
Is this net or gross? Let’s not forget that the Tories thought that a cost of living increase was a great time to raise taxes too.
Majority of U.K. households own their homes, rather than rent them. For those people, half the inflation rate is fine as half their outgoings are unaffected by inflation unless they’re idiots and not on fixed rates.
Those who are truly fucked over are once again those who rent
Or, to put it another way, average UK pay effectively cut by 5%.
Half the inflation and I wonder what percentage compared to rent increases? Seeing as mine has gone up 10% in the last 9 months and is being Section 13ed to go up another 8% from that (19% from the original).