When it comes to divulging how guilty Gordon Brown and Tony Blair are regarding their role in promoting the 'end of boom and bust' by letting the banks run wild, he's right on target. In fact, he was one of the few people warning the government a couple of years before the crash in '08. [check my story of the FT journalist who was given the 'doomsday file', who then sat on the news.]
so, I was thinking he was alright.
However, when it comes to wages for the average Joe/Jane
he's a f^&**king bastard economist.
I have no faith in economic dogma
with regards to the pay of the average stiff/stiffette.
They've let real wages fall by 50% and they've
never warned anybody, or hardly told us why
this is the case. Of course,
if they had asked a Sociologist,
they would have told Mr. Economytheorybullshitter that this
would mean the end of the middle class, but the middle class
is the basis of any strong economy.
And, when you couple that with the record pay of bosses,
because no politician cares about workers or unions,
in all vibrant sectors of the economy,
the Sociologist would have told you that this is plutocracy,
the Political Scientist would say that it wouldn't take long for the rich
and their businesses to take over the government;
OLIGARCHY.
& SO HERE WE ARE!
Now every average person is working (if employed)
full-tilt, and most with 2 jobs,
and still, they can't pay the bills.
Anyway, we'll figure out a way to get wages back up
by refusing to work
and working to rule
and working slowly.
No extra overtime gifts, unless you pay 1.5 X hourly wage.
I don't need an economist to tell me
that this will increase real wages. It just takes bravery to do so
because, if your bosses take a break from counting their money
they'll realise that you're a lazy bastarda and fire you.
It's called managerial blackmail. There are literally
10 guys waiting to take every sh*t job out there.
[see my old story 'no more mr nice employee']
However, when it comes to wages for the average Joe/Jane
he's a f^&**king bastard economist.
I have no faith in economic dogma
with regards to the pay of the average stiff/stiffette.
They've let real wages fall by 50% and they've
never warned anybody, or hardly told us why
this is the case. Of course,
if they had asked a Sociologist,
they would have told Mr. Economytheorybullshitter that this
would mean the end of the middle class, but the middle class
is the basis of any strong economy.
And, when you couple that with the record pay of bosses,
because no politician cares about workers or unions,
in all vibrant sectors of the economy,
the Sociologist would have told you that this is plutocracy,
the Political Scientist would say that it wouldn't take long for the rich
and their businesses to take over the government;
OLIGARCHY.
& SO HERE WE ARE!
Now every average person is working (if employed)
full-tilt, and most with 2 jobs,
and still, they can't pay the bills.
Anyway, we'll figure out a way to get wages back up
by refusing to work
and working to rule
and working slowly.
No extra overtime gifts, unless you pay 1.5 X hourly wage.
I don't need an economist to tell me
that this will increase real wages. It just takes bravery to do so
because, if your bosses take a break from counting their money
they'll realise that you're a lazy bastarda and fire you.
It's called managerial blackmail. There are literally
10 guys waiting to take every sh*t job out there.
[see my old story 'no more mr nice employee']
-Costick67 ~(8^P
checkitout:
BBC website
...
Indeed, the Bank governor noted that UK wages were stagnant, and - coupled with high inflation - this had led to the longest decline in the real value of take-home pay in the UK since the 1920s.
Nonetheless, Mr King claimed that hard times for UK wage-earners were, one way or another, inevitable.
If the Bank had tried to counteract the rising prices by raising interest rates, he said it would simply have led to falling wages - and therefore the same loss in purchasing power - but at the expense of an even deeper recession.
"Monetary policy can affect the inflation rate at which these adjustments take place," he said.
"But it cannot alter the fact that, one way or another, the squeeze in living standards is the inevitable price to pay for the financial crisis and subsequent rebalancing of the world and UK economies."
...
