labour is just another copmmodity and so will move to where its cheaper...all other things being equal. Of course in not too long then the countries where we are exporting these jobs too, will in turn lose these jobs to countries less developed (and hence cheaper) than their own. Of course by then our concerns maybe different as they will be looking for mandarin speaking call centres and not english :-)
And of course we have benefitted from low inflation due to all the cheap imported goods we have received from china over the last 15 years or so...
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denistoun
Over 90 days ago
Straight Male, 55
UK
Forum
everyone's in debt apart from the germans...that's the problem (well...and the chinese)
to pay the money back we need growth...nobody is going to grow as everybody is skint...prices in the country are higher than they should be as we have mortgaged our future via PFI and the financial chicanery of the likes of the philip green, the pubcos and care homes...a (very)few have cashed out and left the punters to pick up the tab for years to come
there's only one thing for it...print a whole stash of cash and give it out to everybody....tough for the savers but would certainly bring the debt down
then all we have to worry about is inflation...
to pay the money back we need growth...nobody is going to grow as everybody is skint...prices in the country are higher than they should be as we have mortgaged our future via PFI and the financial chicanery of the likes of the philip green, the pubcos and care homes...a (very)few have cashed out and left the punters to pick up the tab for years to come
there's only one thing for it...print a whole stash of cash and give it out to everybody....tough for the savers but would certainly bring the debt down
then all we have to worry about is inflation...
