Rishi or Liz?

Rishi gone that is good news. Lizz wins that is bad news.
 
Sponsored Links
It isn't. We are also going to get trickle down economics. That never reaches far down the income tree. More Mrs T. ;0 Better get a job selling super cars.
Fair enough, so instead of going off on a tangent about 'trickle down economics' which I never mentioned why not put forward your version of how inflation is controlled?
 
No interest to me. I just look at what the current theories do and feel that they have a catch.
So you can't explain the current system but expect to be taken seriously when you tell someone who understands the current system that they are wrong?
Really?
 
Sponsored Links
FB_IMG_1662407617472.jpg
 
Describe a Gammon
Isn't it cute when right-wingers have employed all the derogatory words available to them to describe various ethnicities and groups of people, but when riled by someone disagreeing with them they vaingloriously remonstrate at a relatively inoffensive term used to describe their enraged appearance.
 
Phillips Curve
Simply put, a climate of low unemployment will cause employers to bid wages up in an effort to lure higher-quality employees away from other companies.

That is essentially correct and there has been some recent examples eg HGV drivers. Nothing new about it either. The answer train more HGV drivers. There is another factor as well. An example crops up on electricians forums at times. Some one wants an income. They look around. Take a couple of courses and become an electrician and the money rolls in. So more people decide to become electricians; I have looked at having some work done. Not surprisingly the costs have reduced over time. Another example. A person that did do some work for me. Gas related but does other things as well. Talking to him if he had his time again he would do central heating boiler repair and servicing - the attraction a call out fee. :) actually we may see an increase of that sort of thing - want a quote well give me some money and I will provide one. That though is a different subject.

Try and quantify a curve like that though and I would agree with you. It just shows a trend.

I tried to explain the implications of this area to my son when he went to university however he wanted to be a what ever so that is what he did.

Actually at times universities will increase places due to shortages. Demand probably figures as well.
 
Last edited:
Simply put, a climate of low unemployment will cause employers to bid wages up in an effort to lure higher-quality employees away from other companies.

That's exactly what I said:
The way they discipline the workforce and 'fight inflation' is to have a buffer stock of unemployed.

That is essentially correct and there has been some recent examples eg HGV drivers. Nothing new about it either. The answer train more HGV drivers.
Where do you get the potential HGV drivers from?

There is another factor as well. An example crops up on electricians forums at times. Some one wants an income. They look around. Take a couple of courses and become an electrician and the money rolls in. So more people decide to become electricians; I have looked at having some work done. Not surprisingly the costs have reduced over time. Another example. A person that did do some work for me. Gas related but does other things as well. Talking to him if he had his time again he would do central heating boiler repair and servicing - the attraction a call out fee. :) actually we may see an increase of that sort of thing - want a quote well give me some money and I will provide one. That though is a different subject.

Try and quantify a curve like that though and I would agree with you. It just shows a trend.

I tried to explain the implications of this area to my son when he went to university however he wanted to be a what ever so that is what he did.

Actually at times universities will increase places due to shortages. Demand probably figures as well.
That's supply and demand.
 
Describe a Gammon
Permanently infuriated.

Gullible.

Reads only third rate right wing garbage.

Despises foreigners.

Overweight (and bad breath probably).

Wears God awful coloured corduroy trousers and a country style cloth tie (optional).
 
This lot are all Sovereign Individual WEF puppets
ah now we see -the truth is emerging

you are a conspiracy theorist

are you a QAnon conspiracist too?
are you an anti vaxxer?

just so we can get a measure....
 
ah now we see -the truth is emerging

you are a conspiracy theorist

are you a QAnon conspiracist too?
are you an anti vaxxer?

just so we can get a measure....
I wouldn't waste any time on Qanon if I were you. Qanon is complete bollo*

Just so we can get a measure ...

Can you explain what a Sovereign Individual 'type' is?
Do you deny the existence and influence of the World Economic Forum?
Do you think the pros and cons of the vaccines were discussed openly enough?

For the record, I'm not pro or anti vax, I'm pro open and honest debate (regardless of whether it supports a particular narrative or not) about issues that affect us all.
 
Job Guarantee
The Job Guarantee proposal is often associated with certain post-Keynesian economists,[3] particularly at the Centre of Full Employment and Equity (University of Newcastle, Australia), at the Levy Economics Institute (Bard College), and at University of Missouri – Kansas City including the affiliated Center for Full Employment and Price Stability.[4]

The JG is based on a buffer stock principle whereby the public sector offers a fixed wage job to anyone willing and able to work thereby establishing and maintaining a buffer stock of employed workers.[2] This buffer stock expands when private sector activity declines, and declines when private sector activity expands, much like today's unemployed buffer stocks.

Fine idea but currently if fully implemented it would result in several million people in none existent jobs who need to be paid. What could they do to make that payment worthwhile and where would the money come from?

want a pool of unemployed to impose discipline on the workforce.
No. The nearest thing to that is making unemployment as uncomfortable as possible - the current intent. Make work pay etc, charity if anyone falls below the net. Currently there is a pool of job vacancies and a pool of people who can't fill them. There can also be a problem about a person wanting to do a particular job. That doesn't mean that they wouldn't take on a menial job to gain income.
 
Sponsored Links
Back
Top