Saddam threatened to do that, shortly before he was invaded...
Saddam threatened to do that, shortly before he was invaded...
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Are import taxes a free trade, free market solution?
High unemployent favours employers so a vested interest of capitalists rather than socialists.
Well said - let`s you and me start a political party
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skyboy
high unemployment is a benefit to employers...
How does that work?
How does that work?
high unemployment is a benefit to employers...
How does that work?
Full employment means higher wages.
Myself and joe in agreement again
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skyboy
If you are employing people on the minimum wage then that does not apply..As a manufacturer you would have to employ operatives at the minimum wage.
If people are unemployed it is because there is no demand for their services therefore the employers are not as busy as they should be ergo high umemployment means reduced output ergo not an advantage to employers at all but a struggle as they try to maintain profit whilst still having fixed overheads to maintain.
Employers still have to pay the going rate to attract the right quality of staff.
So only paying minmum wage rather than a higher rate - why do you think there is a minimum wage?
the going rate depends on how many apply for the job .
the going rate depends on how many apply for the job .
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skyboy
Oh dear you have put your socialist hat on again...
How can you advocate a free market as you did earlier when countries within that free trade arena do not operate a minimum wage policy.
You are only a socialist when it comes to your own little insular world but you don't seem to care if half the world are exploited just as long as you get your broadband cheap , your laptops cheap and whatever other consumer goods you want to play with cheap.
There is negligible manufacturing in this coutry now. When I was invloved in it there were only 3 million people in the country actually involved in manufacturing and successive governments failed to support it.
Manufacturing is the only TRUE source of wealth creation.
You buy something for x amount and you process it and sell the result for X plus Profit amount.
People will willingly pay that premium because what you did with products X Y and Z to create product XX is something they would not have had the capacity or ability to do the same themselves.
We have seen that the financial markets are nothing more than gambling casinos
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skyboy
Hmm I see many jobs advertised like that..
Business Development Manager circa 32k (however if we get a lot of applications we will only pay £25k)
I'm not advocating a minimum wage in the above, just saying that the reason for it was supply and demand - ths meant the free market led to wages below that level, so legislation was introduced.
Jobs are advertised with other criteria as well
£neg, expected salary etc.
If your ad for Busness Dev manager did not get many applicants,then the rate may have to be increrased.
Do you think they plucked a figure out of the air, or did they compare it to other similar posts? How did that rate become the going rate?
Like wise if you got loads of applicants, then there is no pressure to increase the rate and can decrease it as long as you are getting applicants of the required quality.
I agree with you totally about the manufacturing base being deliberately wound down, but not sure how you think I am a 'socialist 'or only apply this to my insular world.
(I would also say that software development and entertainment are a major sector eaners too)
Okay, let's reduce it to these two cases
Full employment - higher wages Agreed?
Lower employment - lower wages Agreed?
Unless you are saying that wages decrease as we approach full employment ?
also ,
In construction there is a direct link between supply and demand when it comes to rates paid and this can change from month to month
In construction there is a direct link between supply and demand when it comes to rates paid and this can change from month to month
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skyboy
The minimum wage like any generic tool is a blunt instrument devoid of any selection or fitness for purpose.
I used to employ workers who would assemble furniture stood on their feet 8 hrs a day and more if overtime had to be brought in due to demand. They also worked to targets.
However that same minimum wage also applied to a creche assistant who's only job was to tidy toys back in to a box three times a day.
When you had to compete with foreign imports from the free Market where labour rates would be practically non existant you were forced to pay your staff the minimum you could get away with which meant the miniumum wage.
Hardly surprising then when UK employees no longer wanted to do jobs.
Of course we them blame this on our country being lazy.
We took our eye off manufacturing and ironically the unions ensured noone worked for peanuts so there were no people there being exploited.
The unions ruined this country with excessive wage demands.
Tube driver 40k - what's that about? oh I know unionised rates for the TGWU.
Had import taxes been applied to Chines goods we would have kept our own manufacturing as little as it was viable and the country would have had a stream of income into direct taxation allowing lower taxes for the populace who then could have afforded our home made goods.
Basically this country was left without anyone at the helm in the vain hope that market forces would shape our ecobomy in our favour.. big mistake.
I used to employ workers who would assemble furniture stood on their feet 8 hrs a day and more if overtime had to be brought in due to demand. They also worked to targets.
However that same minimum wage also applied to a creche assistant who's only job was to tidy toys back in to a box three times a day.
When you had to compete with foreign imports from the free Market where labour rates would be practically non existant you were forced to pay your staff the minimum you could get away with which meant the miniumum wage.
Hardly surprising then when UK employees no longer wanted to do jobs.
Of course we them blame this on our country being lazy.
We took our eye off manufacturing and ironically the unions ensured noone worked for peanuts so there were no people there being exploited.
The unions ruined this country with excessive wage demands.
Tube driver 40k - what's that about? oh I know unionised rates for the TGWU.
Had import taxes been applied to Chines goods we would have kept our own manufacturing as little as it was viable and the country would have had a stream of income into direct taxation allowing lower taxes for the populace who then could have afforded our home made goods.
Basically this country was left without anyone at the helm in the vain hope that market forces would shape our ecobomy in our favour.. big mistake.
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