Re: Bloody Trades Unions ballsing it up again : Mon Dec 12, 2011 10:27 am  

Dally wrote:

Mintball, since 1971 the UK's share of global GDP has more than halved. Whilst the global economy has grown our relative share of wealth has declined. Not surprising therefore that there has been a real terms fall in wages. A trend that will sprred up over the coming years.

What's happened to UK GDP (in absolute, inflation adjusted terms) over that period?

Re: Bloody Trades Unions ballsing it up again : Mon Dec 12, 2011 12:16 pm  

Red John wrote:

Dally wrote:

Mintball, since 1971 the UK's share of global GDP has more than halved. Whilst the global economy has grown our relative share of wealth has declined. Not surprising therefore that there has been a real terms fall in wages. A trend that will sprred up over the coming years.

What's happened to UK GDP (in absolute, inflation adjusted terms) over that period?

There was rather amusing piece in the Daily Mail earlier this year, bragging that one of Margaret Thatcher's greatest legacies was that, as a result of attacking the trades unions, we were now the one country in Europe working more hours than in the 1980s.

Setting aside the issue of why this is something to boast about, various sources then popped up to point out that, in the same period, GDP has fallen.

Re: Bloody Trades Unions ballsing it up again : Mon Dec 12, 2011 1:12 pm  

Mintball wrote:

Red John wrote:

Dally wrote:

Mintball, since 1971 the UK's share of global GDP has more than halved. Whilst the global economy has grown our relative share of wealth has declined. Not surprising therefore that there has been a real terms fall in wages. A trend that will sprred up over the coming years.

What's happened to UK GDP (in absolute, inflation adjusted terms) over that period?

There was rather amusing piece in the Daily Mail earlier this year, bragging that one of Margaret Thatcher's greatest legacies was that, as a result of attacking the trades unions, we were now the one country in Europe working more hours than in the 1980s.

As opposed to sitting outside cafes, wearing designer sunglasses and then putting out the begging bowl to China, the UK, anyone but ouselves, to pay for our laziness?

Re: Bloody Trades Unions ballsing it up again : Mon Dec 12, 2011 1:13 pm  

Red John wrote:

Dally wrote:

Mintball, since 1971 the UK's share of global GDP has more than halved. Whilst the global economy has grown our relative share of wealth has declined. Not surprising therefore that there has been a real terms fall in wages. A trend that will sprred up over the coming years.

What's happened to UK GDP (in absolute, inflation adjusted terms) over that period?

An irrelevance. It's buying power relative to other countries that counts.

Re: Bloody Trades Unions ballsing it up again : Mon Dec 12, 2011 1:14 pm  

Dally wrote:

... As opposed to sitting outside cafes, wearing designer sunglasses and then putting out the begging bowl to China, the UK, anyone but ouselves, to pay for our laziness?

Ah. Another piece of classic Dally idiocy.

Just what the world needs.

Re: Bloody Trades Unions ballsing it up again : Mon Dec 12, 2011 1:44 pm  

Dally wrote:

Red John wrote:

Dally wrote:

Mintball, since 1971 the UK's share of global GDP has more than halved. Whilst the global economy has grown our relative share of wealth has declined. Not surprising therefore that there has been a real terms fall in wages. A trend that will sprred up over the coming years.

What's happened to UK GDP (in absolute, inflation adjusted terms) over that period?

An irrelevance. It's buying power relative to other countries that counts.

Why is UK GDP irrelevant to a discussion about real term wage rates in the UK?

Re: Bloody Trades Unions ballsing it up again : Mon Dec 12, 2011 1:57 pm  

Mintball wrote:

SBR?

I'm sorry, was that previous reply supposed to answer to my question? The cost of houses may well be (if anyone had bothered to define it) part of the cost of living, although more relevant would be the percentage of people's income which they spend on housing (of course that would need to be a like for like comparison, if people are choosing to spend more to live in better quality accommodation that would be different).

Once again though you've gone off on a tangent instead of directly addressing the issue.

Re: Bloody Trades Unions ballsing it up again : Mon Dec 12, 2011 2:05 pm  

SBR wrote:

Mintball wrote:

SBR?

I'm sorry, was that previous reply supposed to answer to my question? The cost of houses may well be (if anyone had bothered to define it) part of the cost of living, although more relevant would be the percentage of people's income which they spend on housing (of course that would need to be a like for like comparison, if people are choosing to spend more to live in better quality accommodation that would be different).

Once again though you've gone off on a tangent instead of directly addressing the issue.

What a load of complete cobblers.

Of course it's part of the cost of living. Frankly, only an idiot would claim otherwise.

And if the cost of keeping a roof over your head (a pretty basic cost of living, for goodness sake) has gone up so much (which I have provided evidence for) and the cost of wages has not risen that much (which I provided evidence for), then of course the percentage of income being spent on accommodation has risen, and this is clear evidence of my initial assertion.

Do you have a Phd in swerving? Or are you simply a financier who is quite happy to screw others as long as he is comfortable? You seem entirely happy with the status quo. Thatcher's children syndrome really is vile.

Re: Bloody Trades Unions ballsing it up again : Mon Dec 12, 2011 11:13 pm  

Minty you know i love you

Re: Bloody Trades Unions ballsing it up again : Tue Dec 13, 2011 12:15 am  

Dally wrote:

Mintball wrote:

Red John wrote:

Dally wrote:

Mintball, since 1971 the UK's share of global GDP has more than halved. Whilst the global economy has grown our relative share of wealth has declined. Not surprising therefore that there has been a real terms fall in wages. A trend that will sprred up over the coming years.

What's happened to UK GDP (in absolute, inflation adjusted terms) over that period?

There was rather amusing piece in the Daily Mail earlier this year, bragging that one of Margaret Thatcher's greatest legacies was that, as a result of attacking the trades unions, we were now the one country in Europe working more hours than in the 1980s.

As opposed to sitting outside cafes, wearing designer sunglasses and then putting out the begging bowl to China, the UK, anyone but ouselves, to pay for our laziness?

Yes. Damn those lazy, work-shy, inefficient Germans and Eastern Europeans.