If you pay the pasta makers more, won’t they spend more and revive the economy?Though if you pay the people who make the Pasta more, the price of pasta rises.
Apart from the fact that tax does not fund spending on the NHS, or anything else, most of any extra money will be swallowed up before it gets anywhere near Care. Consultants and private NHS providers will get the bulk.The forthcoming rise in NI is going to be passed on by all sorts of businesses, the NHS being the biggest employer in the UK will have the largest bill to pay.
Yet the rise is designed to fund the NHS and Care sector.
That is quite shocking. No modern society should treat people like that.20 years ago my brother who lives in the USA had to pay $ 250,000 up front to put his mother in law in a care home..
Lies, damn lies, and statistics.
Since 2010 my income (disability benefits and pension) has dropped by a third, single room tax, housing benefit cap, benefits frozen.
If it weren’t for my disability benefits I couldn’t survive long term, god knows how single parent families survive
If you pay the pasta makers more, won’t they spend more and revive the economy?
That is quite shocking. No modern society should treat people like that.
Fan you show your working on that one please? I understand (basics of at least) Keynesian economic s, but I also work in manufacturing and I know how much of an item's cost is the wages bill. Also, in a largely service based economy, paying everybody more doesn't increase your effective spending. If you double my wage but the cost of hiring any service also doubles, there's no net gain.If you pay the pasta makers more, won’t they spend more and revive the economy?
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Fan you show your working on that one please? I understand (basics of at least) Keynesian economic s, but I also work in manufacturing and I know how much of an item's cost is the wages bill. Also, in a largely service based economy, paying everybody more doesn't increase your effective spending. If you double my wage but the cost of hiring any service also doubles, there's no net gain.
I am painfully well aware of the cost of Care in this countryThat is how much it costs though, whether funded publicly or privately.
What is the average cost of a care home in the UK?
Residential care costs an average of £29,250 per year for a care home, or £39,300 per year if nursing is required. However, the cost of private care homes with more comfortable amenities often exceeds £1500/week, which equates to more than £75000 per year.
You can look after your own elderly relatives (as I do) though strangely many don't.
Blair/Brown looked into the social care costs, but could find no way to fund it that would be acceptable to the public. So they kicked the can down the road, and here we are.
If only!That is how much it costs though, whether funded publicly or privately.
What is the average cost of a care home in the UK?
Residential care costs an average of £29,250 per year for a care home, or £39,300 per year if nursing is required. However, the cost of private care homes with more comfortable amenities often exceeds £1500/week, which equates to more than £75000 per year.
You can look after your own elderly relatives (as I do) though strangely many don't.
Blair/Brown looked into the social care costs, but could find no way to fund it that would be acceptable to the public. So they kicked the can down the road, and here we are.
OK, I can see that, I know from experience of contract manufacture in China that cheap wages = low innovation because there's no need for automation when you can just chuck it on a table and employ people. However we have been a high wage, high skill economy for 20 years now, the evidence for which is houses full of plastic tat, consumer electronics and clothing sales doubling between 2000 and 2014 (reported on radio 4 today, forgive me if the dates and multiple s are slightly out) so I'd like to know why if what you say is the case the UK has low productivity and low levels of automation. We've had 20 years, after all.Indirectly, it pushes people to be more efficient and automate. One of the reasons the industrial revolution started in the U.K. was because wages were high compared to the rest of Europe so R&D high.
Same in Canada. Blaming Brexit is a waste of energy...Inflation in the USA is 6%.
Gas up 30%
Propane up 54%
No Brexit or Trump to blame there.
https://www.bbc.co.uk/news/business-58930277
OK, I can see that, I know from experience of contract manufacture in China that cheap wages = low innovation because there's no need for automation when you can just chuck it on a table and employ people. However we have been a high wage, high skill economy for 20 years now, the evidence for which is houses full of plastic tat, consumer electronics and clothing sales doubling between 2000 and 2014 (reported on radio 4 today, forgive me if the dates and multiple s are slightly out) so I'd like to know why if what you say is the case the UK has low productivity and low levels of automation. We've had 20 years, after all.
I'm not questioning what you say in terms of economic theory, however there must at least be significant confounding factors because in practice high wages = R&D spend = innovation has not held up in the last 20-25 years. Rather, high wages has driven heavy consumption of disposable luxury goods and high house prices.
So that's the point, wage rises per se do not a cake bake. Transform low wage into high skill / high wage, sure, but this is a bit more complex than simply changing the number on the payslip.As Mark Blyth said above wage rises are just increased borrowing, not real wage increases, the U.K. economy has been dominated by the finance industry which is extractive and wants “profits now” which is why investment in plant, training and R&D is lower than our competitors, allied to the fact that U.K. managers are generally crap compared to our competitors as and it’s a losing combination. China and the U.K. had about the same number of robots per head in manufacturing in 2016, China has now twice as many, the U.K. is just below the world average.
Same in Canada. Blaming Brexit is a waste of energy...
The cost of living going up is only a problem if peoples wages do not increase to match the increase in prices. So real terms decrease in wages is very much part of the problem.Maybe but this thread is about the cost of living going up.
Most businesses lost a fortune during Covid and need to reclaim some of those losses.
We live in a capitalistic world, that's how it 'works'.
Point missed. It's not just energy. Has the price of rice gone up? It hasn't here on the mainland (that I have noticed).
But we’re not a high wage economy, real wages have generally fallen since 2008.OK, I can see that, I know from experience of contract manufacture in China that cheap wages = low innovation because there's no need for automation when you can just chuck it on a table and employ people. However we have been a high wage, high skill economy for 20 years now, the evidence for which is houses full of plastic tat, consumer electronics and clothing sales doubling between 2000 and 2014 (reported on radio 4 today, forgive me if the dates and multiple s are slightly out) so I'd like to know why if what you say is the case the UK has low productivity and low levels of automation. We've had 20 years, after all.
I'm not questioning what you say in terms of economic theory, however there must at least be significant confounding factors because in practice high wages = R&D spend = innovation has not held up in the last 20-25 years. Rather, high wages has driven heavy consumption of disposable luxury goods and high house prices.