that would help, need more housing built too.
There is some powerful people and companies out there that dont want cheap, sufficient amount of housing
that would help, need more housing built too.
Was told today, we are getting 3%, which is better than nothing, but given the rate of inflation, an effective cut in real terms.
Pay increases are not inflationary if they are matched by increases in productivity which reduce unit costs. It's interesting that those who normally proselytize on the wonders of the market economy are less enthusiastic when it comes tp the labour market. Instead of recognising that if there is a shortage of labour it's price must rise they resort to moralising and pleas for 'moderation.' How 'moderate' it is to cut real wages [ie wages below the rate of inflation] at a time when people's living costs are going through the roof is open to question.large pay hikes are inflationary, increase costs and wipe out the effects of interest rate rise. of course difficult for people think about that when they're looking at their personal costs going up. a reason for 20 years of low inflation has been keeping wage increases moderate from expanded labour supply, going to be tricky to contain now.
Tomorrow I expect![emoji1]Your not alone I’ve lost count of the amount of jobs I have to try and get through. The other day I priced a job as the guy kept bugging me for about a week I priced it on £1000 a day Labour thinking he’s never going to go for it. Sunday night the reply email came in. A bit more than he expected but when could I start
I’ve just started the budgeting process for next FY. The biggest imponderable, and largest cost increase variable, is the average pay rise. I can make an argument for anything between 0 and 6%. Oh joy.
Having watched The Decade The Rich Won (it’s on iPlayer) thanks to the billions pumped into Quantitative Easing since the financial crash the rich have become richer whilst the vast majority are poorer.
Thanks to Brexit, in many parts of the UK there is a shortage of labour so supply and demand dictates that wages must rise or people will move jobs. Not a massive fan of the market economy as based on survival of the fittest but for the Bank of England to ask for wage restraint after the cash they have spunked is complete bollocks.