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I agree...I would naturally be a conservative type of person (Not Politics)Originally Posted by mickd1961
People have to help themselves as well as waiting for governments.....
Remember there is a whole generations of young adults who have no idea what saving means...or having to save for something they can't afford....to much credit card buying and all that BS...
There is a whole generation of people who expect to continue and see it as a right for them to spend what they don't have because they can't save....
I certainly don't believe in spending money because it is meant for spending......I buy my needs and my wants can go **** themselves!!!
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What's the lyric to that song about "wanting what you have and not having what you want"? Very true but something recent generations brought up in a culture where they can generally get whatever they want by paying for it on credit and getting it delivered the next day cannot grasp. Things are more valuable and less disposable some how if earnt and saved for. Or maybe that's just the Victor Meldrew in me?😀
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I guess if the credit wasn't available then orders would drop and retailers, their suppliers & the jobs within them would be adversely affected?
The stuff I consider valuable wasn't necessarily what I'd saved up for as such, more a passion or emotional connection to - my old vinyl collection being a case in point.
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You're definitely right in your first point. The UK now is very much a consumer society with most people being employed in either the retail/hospitality or financial/banking sector if not by the state (e.g. NHS) or local government. Comparatively few work in industry so long gone is the Britain famed for once being the "work shop of the world".
As for your second point, I do agree about emotional attachments to certain things and I too have a pretty good vinyl collection-unfortunately, I also have too much other stuff I'm also attached to according to the better half!😀. Just saying that I think if you have worked to save for something it seems to mean a bit more?
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Who pays for these increases?- we all do!!! companies increase their prices to cover their costs. Reduce their profits? doubt it & it has knock on effects on pension funds. Rising wages always means rising prices.Printing money ends badly- always.
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Totally agree but the problem is businesses want to pay staff more than the minimum wage to remain open or to save employees going to competitors paying more. Three businesses were closed in my town because they couldn’t get the staff so a loss of the days takings is far more painful in paying the staff more. I don’t blame people jumping ship to get more money as it’s those at the bottom of the ladder who are crippled more with rising costs. Rising costs don’t really affect those who are comfortable anywhere near as much!
First Team
Who pays for these increases?- we all do!!! companies increase their prices to cover their costs. Reduce their profits? doubt it & it has knock on effects on pension funds. Rising wages always means rising prices.Printing money ends badly- always.
First Team
Who pays for these wage increases?- we all do in the form of increased prices. Or reduce profits? doubt it as it will affect share value and pension pots. Increased wages always leads to increased prices & printing money always ends very badly. We closed an economy for 2 years but kept giving money away. Lots of money chasing less goods - prices up. It's not difficult it's page 1 "economics for dummies". Then we closed access to cheap gas and oil and prices rocket that was a real surprise. Remember it's not what you got it's what it buys!!!!
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Don’t disagree but goes back to my point - pay over the minimum wage or lose your staff and like some businesses close down. Asda have just increased the minimum wage of £1 whihich effectively is a 10%!increase - just for the cost of living. In our business we pay well over the minimum wage as we can’t afford to close by losing staff. Our policy too is by paying decent wages we recruit better staff so in the long run there’s more efficiency and less staff mistakes.
Sadly with rising costs many can’t afford to manage on the minimum wage so they don’t give a f uck about economics.
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