Cost Of Living

Started by Olly, July 03, 2022, 05:55:36 AM

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trailer

Quote from: snoopdog on March 12, 2024, 08:11:52 AM
Quote from: RedHand88 on March 12, 2024, 08:06:22 AMhttps://www.bbc.co.uk/news/business-68534537

1 in 5 not working or seeking work. Mad.
Working age. I don't see it accounting for students from ages 16 to 24 or early retirement for late 50s.

Don't know all the ins and outs of this but there is no shortage of work. While inflation is / was high it will disappear when wages catch up which they nearly have now and energy prices come down as that is exclusively the issue.
Other recessions had millions unemployed. Not the case. It's boom time for the next 5 years. Fill yer boots. Stocks, shares, investments, new ventures. Get in now.

toby47

Quote from: trailer on March 12, 2024, 09:03:47 AM
Quote from: snoopdog on March 12, 2024, 08:11:52 AM
Quote from: RedHand88 on March 12, 2024, 08:06:22 AMhttps://www.bbc.co.uk/news/business-68534537

1 in 5 not working or seeking work. Mad.
Working age. I don't see it accounting for students from ages 16 to 24 or early retirement for late 50s.

Don't know all the ins and outs of this but there is no shortage of work. While inflation is / was high it will disappear when wages catch up which they nearly have now and energy prices come down as that is exclusively the issue.
Other recessions had millions unemployed. Not the case. It's boom time for the next 5 years. Fill yer boots. Stocks, shares, investments, new ventures. Get in now.

I got a letter through the door yesterday, 22.8% decrease in gas from 1st April.

trueblue1234

#707
Quote from: snoopdog on March 12, 2024, 08:11:52 AM
Quote from: RedHand88 on March 12, 2024, 08:06:22 AMhttps://www.bbc.co.uk/news/business-68534537

1 in 5 not working or seeking work. Mad.
Working age. I don't see it accounting for students from ages 16 to 24 or early retirement for late 50s.

QuoteBut other groups placed in the bracket - defined differently to unemployment - by the ONS include students, people who look after family or a home, people with disabilities, and early retired and discouraged workers. More women tend to be classed as economically inactive compared to men.

It looks like they're all included which is pointless.
Grammar: the difference between knowing your shit

seafoid

#708
Quote from: trailer on March 12, 2024, 09:03:47 AM
Quote from: snoopdog on March 12, 2024, 08:11:52 AM
Quote from: RedHand88 on March 12, 2024, 08:06:22 AMhttps://www.bbc.co.uk/news/business-68534537

1 in 5 not working or seeking work. Mad.
Working age. I don't see it accounting for students from ages 16 to 24 or early retirement for late 50s.

Don't know all the ins and outs of this but there is no shortage of work. While inflation is / was high it will disappear when wages catch up which they nearly have now and energy prices come down as that is exclusively the issue.
Other recessions had millions unemployed. Not the case. It's boom time for the next 5 years. Fill yer boots. Stocks, shares, investments, new ventures. Get in now.
We are in a wage price spiral. Wages go up and prices go up.
This happened in the late 1970s and was fixed with a massive recession.
It will happen again
"f**k it, just score"- Donaghy   https://www.youtube.com/watch?v=IbxG2WwVRjU

Ed Ricketts

Quote from: snoopdog on March 12, 2024, 08:11:52 AM
Quote from: RedHand88 on March 12, 2024, 08:06:22 AMhttps://www.bbc.co.uk/news/business-68534537

1 in 5 not working or seeking work. Mad.
Working age. I don't see it accounting for students from ages 16 to 24 or early retirement for late 50s.

Students and retirees make up about 40% of the figure. 50% is ill-health and carers.

In the north it's over 1 in 4 not looking work, with 60% of that due to ill-health or caring responsibilities. In other words, about 1 in 6 working age people out of action directly/ indirectly due to ill-health. Huge obstacle to ever making this place pay it's own way.
Doc would listen to any kind of nonsense and change it for you to a kind of wisdom.

lurganblue

There are no shortages of jobs going at the minute.  At least it curtails the "them foreigners coming over here and taking all our jobs" rhetoric/excuse.

seafoid

The rules of inflation are medieval

https://www.ft.com/content/b3ce49d0-1718-4edc-a100-012efdb068f8

The more wage earners seek to restore their purchasing power in an economy hit by inflation losses, the higher will be inflation and the more merciless the needed monetary squeeze
"f**k it, just score"- Donaghy   https://www.youtube.com/watch?v=IbxG2WwVRjU

LC

Quote from: Ed Ricketts on March 12, 2024, 12:32:21 PM
Quote from: snoopdog on March 12, 2024, 08:11:52 AM
Quote from: RedHand88 on March 12, 2024, 08:06:22 AMhttps://www.bbc.co.uk/news/business-68534537

1 in 5 not working or seeking work. Mad.
Working age. I don't see it accounting for students from ages 16 to 24 or early retirement for late 50s.

Students and retirees make up about 40% of the figure. 50% is ill-health and carers.

In the north it's over 1 in 4 not looking work, with 60% of that due to ill-health or caring responsibilities. In other words, about 1 in 6 working age people out of action directly/ indirectly due to ill-health. Huge obstacle to ever making this place pay it's own way.

The rate is probably greater in the 'working class areas'.  Such people take pride in their working class background only thing is they don't actually want to work. 

nrico2006

The threshold for not working due to ill-health isn't set too high either.
'To the extreme I rock a mic like a vandal, light up a stage and wax a chump like a candle.'


bennydorano

Has there been a reliable economic prediction in the last 5 years tho. The world is a different place, the certainties/constants that predictions require are gone.