Hindsight
Member
- Location
- Lincolnshire
How do you explain the German model.
You forget as pound gets weaker imports cost more so we have to produce yet more to keep level.
It was a treadmill that the governments in the late 20th. century could not wean them selves off.
Thew situation is going to be made far worse if as seems extremely likely the serious high tech work such as as Airbus , Rolls Royce, Marconi etc. leave.
Still at least if the pound drops enough, we will have the prospect that vacuum cleaner production may get moved back here, and minions on the minimum wage will put them together so the EU can levy a 20% tax on their export across the channel
You make an interesting point. Every month the employment figures are released and trumpeted as highest employment ever - yet much of those are low paid jobs. The politicians seem to have been told (probably from years of focus groups) that high employment is essential to getting re-elected yet there seems scant interest in if those jobs pay a reasonable wage packet - as evidenced by this government and Labour before of tax credits. As ever I am pretty thick so do not understand a modern economy but seems odd to me. The mantra of full employment but happy to lose what I would call skilled technical jobs such as airbus which I presume will relocate to Germany or similar where making things seems valued. Hey ho - confused thick, six toed inbred Fenman here which probably explains all.