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One million plus unfilled jobs
It takes a particular talent to produce an economy with 9% inflation, strikes, and over a million unfilled vacancies, with zero growth.
Every one of those unfilled vacancies represents a permanent loss of wealth.
Whatever could be the reason?
Answers on a postcard
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Originally Posted by bensherman
It takes a particular talent to produce an economy with 9% inflation, strikes, and over a million unfilled vacancies, with zero growth.
Every one of those unfilled vacancies represents a permanent loss of wealth.
Whatever could be the reason?
Answers on a postcard
Germany has over 17 million vacancies. Germany loses 14 days working for every 1000 persons due to strikes and 8.5% inflation
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Originally Posted by said
Germany has over 17 million vacancies. Germany loses 14 days working for every 1000 persons due to strikes and 8.5% inflation
What’s your source? Or did you deliberately omit the decimal point?
‘ Germany's labour shortage is causing major concerns. A report by the IAB Institute for Employment Research from earlier this year found 1.74 million vacant positions across the country.26 Apr 2022’
https://www.thelocal.de/20220426/ger...0the%20country.
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Originally Posted by bensherman
It takes a particular talent to produce an economy with 9% inflation, strikes, and over a million unfilled vacancies, with zero growth.
Every one of those unfilled vacancies represents a permanent loss of wealth.
Whatever could be the reason?
Answers on a postcard
Can you support that ?
It may just be that poor badly paid jobs are being left unfilled.
These jobs tend to need supportive in work benefits, so are not much of a loss,
Taking one of TD's groupthink comments on board
Inflation of course is a worldwide phenomena.
Maybe just maybe you are not let's say on the ball with your supposition.
The strikes are simply the public being held to ransom by those that can.
With Turkeys inflation at 79.9 % Netherlands at 10.3 yet Japan at 2.6% a mixed picture.
Without our fake green costs, we would have much less.
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Originally Posted by local
Can you support that ?
It may just be that poor badly paid jobs are being left unfilled.
These jobs tend to need supportive in work benefits, so are not much of a loss,
Taking one of TD's groupthink comments on board
Inflation of course is a worldwide phenomena.
Maybe just maybe you are not let's say on the ball with your supposition.
The strikes are simply the public being held to ransom by those that can.
With Turkeys inflation at 79.9 % Netherlands at 10.3 yet Japan at 2.6% a mixed picture.
Without our fake green costs, we would have much less.
Can I support that?
God help us
The entire economics community would support that. If we have a million jobs unfilled, every day they are unfilled, represents a reduction in our potential GDP and every day lost is lost forever.
I am finding it hard to explain because it is so obvious.
One of the reasons our GDP during Blair's time consistently rose was that we had a supply of people to work. Which also reduces the strain on the benefits system.
The point I made was that to have massive inflation , 1m unemployed and no growth is a remarkable achievement and no one else has all three the way we do.
Neither Truss nor Sunak have a clue as to how to change it.
I noticed now there are veiled remarks about bringing in workers . The entirely obvious and best source is Europe but that would be conceding the failure of Brexit. So in an act of lunacy apparently we are targeting Indonesia...
As for your "fake green taxes" I notice you have said that several times , I don't dare to ask what you mean.
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Originally Posted by bensherman
Can I support that?
God help us
The entire economics community would support that. If we have a million jobs unfilled, every day they are unfilled, represents a reduction in our potential GDP and every day lost is lost forever.
I am finding it hard to explain because it is so obvious.
One of the reasons our GDP during Blair's time consistently rose was that we had a supply of people to work. Which also reduces the strain on the benefits system.
The point I made was that to have massive inflation , 1m unemployed and no growth is a remarkable achievement and no one else has all three the way we do.
Neither Truss nor Sunak have a clue as to how to change it.
I noticed now there are veiled remarks about bringing in workers . The entirely obvious and best source is Europe but that would be conceding the failure of Brexit. So in an act of lunacy apparently we are targeting Indonesia...
As for your "fake green taxes" I notice you have said that several times , I don't dare to ask what you mean.
Strange that, so do you support jobs that other workers need to support via their taxes now?
Strange but the IMF go my way,
Tighter labor markets in several advanced economies have been good news so far. They have increased pay, especially for low-wage workers
Are you a Truss supprter.
In the United Kingdom, resignations have risen the most for low-wage jobs that are contact-intensive, physically strenuous or offer little flexibility, such as in transport and storage, wholesale and retail trade, or hotels and restaurants.
What do I know, what do they know
I must admit I find your blind logic somewhat endearing and definitely amusing.
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Its a funny old world when us Brits think a waiting on job is a chore and probably hate doing it, whereas Continentals (France, Italy and Spain etc) look at waiting on jobs as a profession and enjoy it and take pride in their work !
So no wonder there are many vacancies in catering/service industries.
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Originally Posted by *concerned*
Its a funny old world when us Brits think a waiting on job is a chore and probably hate doing it, whereas Continentals (France, Italy and Spain etc) look at waiting on jobs as a profession and enjoy it and take pride in their work !
So no wonder there are many vacancies in catering/service industries.
Indeed.
And out and about I have seen examples of real arrogance towards waiting-on staff, perhaps because it's part of the British psyche to always need someone to look down on.
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Originally Posted by bensherman
Indeed.
And out and about I have seen examples of real arrogance towards waiting-on staff, perhaps because it's part of the British psyche to always need someone to look down on.
Funny that! I have done waiting on during my summer breaks. Loved every minute of it. Waiter Service - how many meals can be carried at one time while being able to place every one down on the table without dropping the others - I managed seven. Silver Service - holding a very hot and heavy tray of food, and using a serving spoon and fork in one hand while asking customers how much they wanted. Only one person tested my patience - "Oh, that potato is too large, I just want a medium size one" Removes offending potato and replaces with a smaller one. "Oh, no - that one is too small, I would like it a bit larger, if you don't mind" With a very polite smile while balancing a heavy, hot metal tray, I said "Just how many centimetres do you want the potato to be , Madam?" Or the time a full banquet table laden with meals, collapsed in the middle! And the time when someone in the kitchen had forgotten about deserts! No two days were ever alike - you never knew what to expect. Arrogant customers? One tip I will pass on - never be snotty to a waiter if he is not at fault, he always gets his own back.
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Originally Posted by bensherman
Can I support that?
God help us
The entire economics community would support that. If we have a million jobs unfilled, every day they are unfilled, represents a reduction in our potential GDP and every day lost is lost forever.
I am finding it hard to explain because it is so obvious.
One of the reasons our GDP during Blair's time consistently rose was that we had a supply of people to work. Which also reduces the strain on the benefits system.
The point I made was that to have massive inflation , 1m unemployed and no growth is a remarkable achievement and no one else has all three the way we do.
Neither Truss nor Sunak have a clue as to how to change it.
I noticed now there are veiled remarks about bringing in workers . The entirely obvious and best source is Europe but that would be conceding the failure of Brexit. So in an act of lunacy apparently we are targeting Indonesia...
As for your "fake green taxes" I notice you have said that several times , I don't dare to ask what you mean.
You seem to only pick up half of a story - sure Blair took on more Police and service personnel, in his first term of office but had to reduce those numbers considerably in his second term because the economy could not support the numbers. These were public service workers - so although they did not claim benefits their pay comes out of the same purse as benefits.
There is a vague whisper going around - the situation is global, as far as those countries who depend on the American dollar, are concerned and many countries are far worse off than the UK.
The UK cannot afford to bring in more immigrants because it costs the country far more than it benefits it. Immigrants are on basic pay. They have to pay for food and lodging out of that pay mostly supplied by the employer - hence they are on lower pay than UK residents. Because they are on lower pay, they cannot manage so their pay is topped up by benefits. Additional numbers and pressure on the Health System, Educational System , Child Welfare payments, Child Birth payments, Pensions for additional relatives etc.,
Brexit has not failed! Following close on the heels of Brexit, was the Pandemic that wasn't, then supposedly Russia, the next will probably be famine, if history serves me right.
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So that's two deluded
I'd be fascinated to know where he gets his info from. Study after study has shown that immigrants actually give us a net gain.
Indeed during Cameron's time when he was under pressure from the usual loonies to try to stem immigration and he got a warning from the Treasury that if he did it would create a hole in government revenue.
Typically they pay tax and NI, often don't use the health service, are here without children so don't use the education services, and leave before reaching pension age.
That's without the other contribution they make via VAT, fuel duty, etc. And the benefit to the economy in what they spend
https://migrationobservatory.ox.ac.u...ion-in-the-uk/
https://www.ucl.ac.uk/economics/abou...immigration-uk
(Waits for sneers from local)
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Originally Posted by bensherman
Indeed.
And out and about I have seen examples of real arrogance towards waiting-on staff, perhaps because it's part of the British psyche to always need someone to look down on.
Yes this is the attitude of poor quality people and more often than not their steak will get kicked around the kitchen.
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I have even seen staff in Wetherspoons treated badly when they deliver people's £8 meal. Which has been ordered entirely by the customer so if it's not what's expected it's not the fault of the server.
I was out in a group a few weeks ago in Southport and one couple wouldn't tip because they said their food had been cold. Did they tell the server at the time ? No. Was it the server's fault? Probably not.
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Originally Posted by bensherman
I'd be fascinated to know where he gets his info from. Study after study has shown that immigrants actually give us a net gain.
Maybe so 'in total', but I recall an indepth Ch4 documentary, into gain/loss of various immigrant groups, and one group in particular was clearly a loss, yet others were clearly a gain, which I think were India and the USA
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Originally Posted by bensherman
So that's two deluded
I'd be fascinated to know where he gets his info from. Study after study has shown that immigrants actually give us a net gain.
Indeed during Cameron's time when he was under pressure from the usual loonies to try to stem immigration and he got a warning from the Treasury that if he did it would create a hole in government revenue.
Typically they pay tax and NI, often don't use the health service, are here without children so don't use the education services, and leave before reaching pension age.
That's without the other contribution they make via VAT, fuel duty, etc. And the benefit to the economy in what they spend
https://migrationobservatory.ox.ac.u...ion-in-the-uk/
https://www.ucl.ac.uk/economics/abou...immigration-uk
(Waits for sneers from local)
You could search the internet thoroughly and it would give you information only on the Covid Pandemic that never was. The media tell you what to believe, common sense and history tell you otherwise.
Like Climate Change - many factors are left out. As in Black Lives Matter and the Slave trade - the real reason the slave trade came to an end, is because of the cost to the UK of maintaining these people became too high.
Evidence gaps and limitations
Estimates of the fiscal effects of immigration have many limitations. For example, the studies reviewed in this briefing rely primarily on the Labour Force Survey (LFS) to identify the characteristics of migrants and the factors associated with tax contributions (e.g. whether someone is working) and expenditure (e.g. whether some has school-age children). However, the LFS itself has important limitations. It excludes migrants living in communal establishments, and some groups may be underrepresented due to non-response to the survey. Income is a crucial component of fiscal impact calculations, but LFS income information is limited and only includes employee earnings.
Another key limitation is that the studies depend on assumptions about how migrants use public services. Most studies simply estimate the share of the population represented by migrants and assume that they account for the same share of consumption of public services as people with similar demographic characteristics (e.g. age and gender). Yet migrants have different characteristics from UK-born individuals and as such may use public services differently. For instance, migrants may use services such as translation services in schools and hospitals that are not typically used by the native-born population. One difficulty in addressing this point is that there is no systematic collection of the user’s migration status at the point of delivery of many public services.
On the other hand, some migrants deliver public services as well as using them. It may be possible to deliver services in the public sector at a lower cost because of the availability of migrant workers. However, it is very difficult to quantify these contributions, as doing so would require strong assumptions about how public services would have been staffed in the absence of migration.
Finally, the fiscal impacts of immigration also depend on the effects of migrants on the tax contributions and use of public services of the UK-born. One example is the labour market impact of immigration, especially whether and to what extent the employment of migrants creates more unemployment among domestic workers. Increasing unemployment among domestic workers leads to less tax revenues and increase consumption of welfare benefits. Most fiscal impact studies assume that the impact of migrants on domestic workers employment is negligible, yet empirical findings from the literature on the employment effects of immigration remain mixed (Migration Advisory Committee 2012, Rowthorn 2008). On the other hand, the presence of migrants may also increase the tax contribution of the UK-born. For instance, the presence of low skilled migrant females working as nannies may allow domestic workers to increase their labour supply increasing also their tax contributions. These types of indirect effects has been mostly absent from the previous literature in the UK. THE MIGRATION OBSERVATORY.
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