Neville's Breakfast
Well-known member
Why is it due to the EU? Why could it not be because the world has changed. The world now has China as a major commercial player. India, Brazil, and probably a number of other nations are emerging economic powers where wages are low. Could it be that it is against those whom we are competing and what might be driving down wages.
You need to differentiate between Service and Manufacturing industry. The emerging countries you mention drive down wage costs in manufacturing industry and we see the consequences in the effects on for example our steel industry. Britain these days has become more of a service economy. Youngsters, by and large, do not move to London to take up manufacturing jobs, they move to work in financial services, internet companies etc etc and these firms have a very large pool of labour from all over the EU from which to choose. It is simple supply and demand with no constraints on a rampant free market in labour for those from the EU. The same does not apply to youngsters from emerging nations to the same degree as they do not have the right to free movement in the same way as enjoyed by youngsters from the EU.