Cost of Living Up 5% (or actually a lot more? )

[Mystic Mac]

But we’re not a high wage economy, real wages have generally fallen since 2008.

At the same same household debt has risen (https://www.uk-debtservice.co.uk/news/uk-debt-statistics-2021/) which suggests that increased sales of clothing, electronics and plastic tat is driven by debt rather than high wages.

The UK has the largest low wage sector in Western Europe, as in 20% of the workforce is low wage. Whereas France low paid sector makes up around 10% and Denmark is around 8%.

The UK economy has a massive dependency on consumption, which itself is bolstered by population growth.

 

[Bananahead]

bolstered by population growth.

Global Demand for Condoms Will Grow at a 7.1% CAGR to Hit USD 9,600.4 Million Mark by 2026

 

[Sue Pertwee-Tyr]

Projected prophylactic production predicts population plummeting presently.

 

[ks.234]

Projected prophylactic production predicts population plummeting presently.

That’s easy for you to say…

 

[Big Tabs]

Projected prophylactic production predicts population plummeting presently.

Postulating Post Paraphrasing ‘Pènis Packaging’ Prose.



possibly?

 

[Sue Pertwee-Tyr]

Postulating Post Paraphrasing ‘Pènis Packaging’ Prose.



possibly?

Perhaps.

 

[Big Tabs]

Perhaps.

Potentially?

 

[Seeker_UK]

Problematic probabilities posited.

 

[paulfromcamden]

According ONS figures food inflation is 4.2% - the highest it's been since September 2013.
https://tradingeconomics.com/united-kingdom/food-inflation

If you ignore the basket case economies (Venezuela, Turkey etc) the UK looks like it's roughly in the middle.
https://tradingeconomics.com/country-list/food-inflation

 

[Wilson]

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).

Champagne has gone up a bit but a T-Bone is still at 99chf a kilo.

Canada’s Consumer Price Index was up 4.8 per cent year-over-year in December, which according to Statistics Canada is the highest rate since 1991.

 

[misterdog]

Projected prophylactic production predicts population plummeting presently.

John Cooper Clarke (Dr) had it nailed years ago.

 

[misterdog]

At the same same household debt has risen (https://www.uk-debtservice.co.uk/news/uk-debt-statistics-2021/) which suggests that increased sales of clothing, electronics and plastic tat is driven by debt rather than high wages.

Or that people are wasting far more on landfill that they do not need.
People are more than happy to take on debt when interest rates are zero.

Living standards - have risen enormously since the 1950's, who then had central heating, an indoor bathroom, a car tv, or hi-fi.

 

[Sue Pertwee-Tyr]

Or that people are wasting far more on landfill that they do not need.
People are more than happy to take on debt when interest rates are zero.

Living standards - have risen enormously since the 1950's, who then had central heating, an indoor bathroom, a car tv, or hi-fi.

Are you arguing that people are overpaid because they can afford, either to buy stuff the previous generations couldn’t, or service the debt to buy stuff the previous generations couldn’t?

 

[misterdog]

Just pointing out a fact.
Why people assume that living standards should rise exponentially mystifies me.

That is why global warming has run out of control.

When we have finished making other species extinct, why will man - kind not be next ?

https://www.theguardian.com/environ...ped-out-animals-since-1970-major-report-finds

 

[ks.234]

Or that people are wasting far more on landfill that they do not need.
People are more than happy to take on debt when interest rates are zero.

Living standards - have risen enormously since the 1950's, who then had central heating, an indoor bathroom, a car tv, or hi-fi.

Not sure what your point is now. What people do with stuff after they’ve bought it has little impact on inflation, and debt has been easy to take on for decades, paying it back, less so, especially in times of rising interest rates. Living standards have been rising since the Neolithic

 

[ks.234]

Just pointing out a fact.
Why people assume that living standards should rise exponentially mystifies me

Who is assuming that living standards should rise? What do you mean by living standards? Income?

That is why global warming has run out of control.

Global warming is running out of control for the same reason that we have cost of living rises, that is, mismanagement of the economy. We are certainly not doing everything we possibly can to tackle climate change and if we are to switch to doing everything that we can possibly do, we will need a radical change to our economic thinking

When we have finished making other species extinct, why will man - kind not be next ?

No reason at all

 

[misterdog]

Living standards have been rising since the Neolithic

When is enough - enough ?

when we have decimated 'our' planets natural resources ?

That is what all wealth/carbon depletion is based upon.

 

[paulfromcamden]

Or that people are wasting far more on landfill that they do not need.
People are more than happy to take on debt when interest rates are zero.

Living standards - have risen enormously since the 1950's, who then had central heating, an indoor bathroom, a car tv, or hi-fi.

So has access to credit (i.e. debt)

 

[ks.234]

When is enough - enough ?

when we have decimated 'our' planets natural resources ?

That is what all wealth/carbon depletion is based upon.

What’s that got to do with the topic of this thread? Are you saying that an inflation rise is a good thing? Good for the environment?

 

[stevec67]

But we’re not a high wage economy, real wages have generally fallen since 2008.

At the same same household debt has risen (https://www.uk-debtservice.co.uk/news/uk-debt-statistics-2021/) which suggests that increased sales of clothing, electronics and plastic tat is driven by debt rather than high wages.

UK not a high wage economy? Tell that to a Pole or Slovakian.