Genie Posted August 15, 2023 Share Posted August 15, 2023 I was thinking the other day about footballer wages, will the government be clamping down on Premier League teams and the obscene wages they pay players? Link to comment Share on other sites More sharing options...
bickster Posted August 15, 2023 Moderator Share Posted August 15, 2023 27 minutes ago, Genie said: I was thinking the other day about footballer wages, will the government be clamping down on Premier League teams and the obscene wages they pay players? clamping down in what way that is legal? Link to comment Share on other sites More sharing options...
Genie Posted August 15, 2023 Share Posted August 15, 2023 4 minutes ago, bickster said: clamping down in what way that is legal? I wasn’t being entirely serious, but the government and BoE keep pressuring private businesses to stop giving out inflation matching pay rises as they say it’s fuelling inflation. Then you’ve got football clubs giving out bigger and bigger multimillion contracts to their fringe and squad players. Link to comment Share on other sites More sharing options...
bickster Posted August 15, 2023 Moderator Share Posted August 15, 2023 Just now, Genie said: I wasn’t being entirely serious, but the government and BoE keep pressuring private businesses to stop giving out inflation matching pay rises as they say it’s fuelling inflation. Then you’ve got football clubs giving out bigger and bigger multimillion contracts to their fringe and squad players. They are wrong. pay rises are not fueling inflation. There is some supply side inflation but most of us also suspect there is margin boosting across many sectors. Inflation is actually causing wage rises not vice versa 3 1 Link to comment Share on other sites More sharing options...
Rodders Posted August 15, 2023 Share Posted August 15, 2023 The rate rises will still help those free of debt to save and spend plenty, whilst **** over those on mortgages or renting harder. So those well off will continue to spend money, and more of it now, happily making up for those who can't. It's just obscene. And the idea that business' being forced to pay people properly, or rather a little bit closer to properly, is somehow a bad thing is mental. The inference then is the logical way for the system to survive is for people to know their place and be poor, to live off slave wages and be thankful for that crumb. Link to comment Share on other sites More sharing options...
Genie Posted August 15, 2023 Share Posted August 15, 2023 I’d love to see the data which shows the reason for inflation dropping (a bit). Are people spending less driving prices down/stopping them go up as fast? Or is it all/mostly down to last years spikes in gas/electric/petrol/diesel coming out of the calculation and people’s spending habits are largely unchanged. Link to comment Share on other sites More sharing options...
Wainy316 Posted August 15, 2023 Share Posted August 15, 2023 2 hours ago, Demitri_C said: I think just being in this country is depressing. Its always doom and gloom Because people vote themselves into poverty and then blame everyone and everything else. Link to comment Share on other sites More sharing options...
Demitri_C Posted August 15, 2023 Share Posted August 15, 2023 6 minutes ago, Wainy316 said: Because people vote themselves into poverty and then blame everyone and everything else. Ita not just the government, its the news, the papers the way people have become. We have just become a depressing nation Link to comment Share on other sites More sharing options...
foreveryoung Posted August 15, 2023 Share Posted August 15, 2023 45 minutes ago, Wainy316 said: Because people vote themselves into poverty and then blame everyone and everything else. Many of the poor couldn't care less about voting. Link to comment Share on other sites More sharing options...
choffer Posted August 15, 2023 VT Supporter Share Posted August 15, 2023 2 hours ago, bickster said: clamping down in what way that is legal? Are you suggesting that our glorious Government only do things that are legal, Bicks? 1 Link to comment Share on other sites More sharing options...
bickster Posted August 15, 2023 Moderator Share Posted August 15, 2023 16 minutes ago, foreveryoung said: Many of the poor couldn't care less about voting. This is nonsense, without the poor the Tories wouldn't have been re-elected in 2019. Do you have any statistical analysis to back up this spurious claim? Link to comment Share on other sites More sharing options...
chrisp65 Posted August 15, 2023 Share Posted August 15, 2023 I’ve increased our charge out rates for work, because staff want pay rises because their mortgages have gone up. If BoE counter that with more rate rises, I’ll have to increase our charge out rate further. Who’s causing inflation? 3 Link to comment Share on other sites More sharing options...
foreveryoung Posted August 15, 2023 Share Posted August 15, 2023 1 hour ago, bickster said: This is nonsense, without the poor the Tories wouldn't have been re-elected in 2019. Do you have any statistical analysis to back up this spurious claim? Not again? I'll just get out my laptop and do some analytical research?? Link to comment Share on other sites More sharing options...
DCJonah Posted August 15, 2023 Share Posted August 15, 2023 4 hours ago, Rodders said: The rate rises will still help those free of debt to save and spend plenty, whilst **** over those on mortgages or renting harder. So those well off will continue to spend money, and more of it now, happily making up for those who can't. It's just obscene. And the idea that business' being forced to pay people properly, or rather a little bit closer to properly, is somehow a bad thing is mental. The inference then is the logical way for the system to survive is for people to know their place and be poor, to live off slave wages and be thankful for that crumb. Yeah this really pisses me off. The idea that normal people are to blame and have to take the hit is so frustrating. Link to comment Share on other sites More sharing options...
bickster Posted August 15, 2023 Moderator Share Posted August 15, 2023 1 hour ago, foreveryoung said: Not again? I'll just get out my laptop and do some analytical research?? I usually find it’s best to do some research before forming an opinion So yes, I think you may have cracked it Just to save you actually cracking open a spreadsheet though, let me introduce you to the concept of a search engine, it might save you some time Quote Low-income voters, the 2019 General Election and the future of British politics Joseph Rowntree Organisation Link to comment Share on other sites More sharing options...
desensitized43 Posted August 16, 2023 Share Posted August 16, 2023 https://news.sky.com/story/the-big-short-investor-michael-burry-bets-1-6bn-on-stock-market-crash-12940826 Quote A man who famously made a fortune by predicting the collapse of the US housing market in 2008 now appears to be suggesting that two major stock markets will tumble in value. Well this is slightly concerning but I have to say I’m not surprised. Definitely feels like we’re coming to the edge of a precipice. Link to comment Share on other sites More sharing options...
Genie Posted August 16, 2023 Share Posted August 16, 2023 50 minutes ago, desensitized43 said: https://news.sky.com/story/the-big-short-investor-michael-burry-bets-1-6bn-on-stock-market-crash-12940826 Well this is slightly concerning but I have to say I’m not surprised. Definitely feels like we’re coming to the edge of a precipice. Man who won big gamble in the past gambles again… Link to comment Share on other sites More sharing options...
blandy Posted August 16, 2023 Moderator Share Posted August 16, 2023 12 hours ago, bickster said: I usually find it’s best to do some research before forming an opinion So yes, I think you may have cracked it Just to save you actually cracking open a spreadsheet though, let me introduce you to the concept of a search engine, it might save you some time Joseph Rowntree Organisation To be fair, that doesn’t in any way refute his claim. Analysis of how low income people who did vote, voted isn’t refuting the absolutely widespread claim that low income people are less likely to vote. It’s a commonly aired line in political analysis and news. Quote We know that people living on lower incomes are already less likely to vote and can feel disconnected and excluded from political processes. Also JRF 1 Link to comment Share on other sites More sharing options...
CVByrne Posted August 16, 2023 Share Posted August 16, 2023 Core inflation staying high, plus private sector wages rising faster than inflation = more rate increases required by BoE This can only end in a recession in the near future Link to comment Share on other sites More sharing options...
sidcow Posted August 16, 2023 VT Supporter Share Posted August 16, 2023 (edited) Plastered everywhere "our plan to tackle inflation is working". What **** plan? I want just one journalist to ask them what their **** plan is. Edited August 16, 2023 by sidcow 2 Link to comment Share on other sites More sharing options...
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