Why would we want it any
different and doesn't it acknowledge the fact that markets work ? I'm
talking about the phenomena that in Britain we have a slowly recovering
economy based largely on ultra low interest rates and a bagful of tax
payer money pump priming the banks, not only getting them off the hook
of their bad practice, but to theoretically lend the business.
The
politicians proudly declare that unemployment is coming down and is now
the lowest in a decade. The problem is that pay, for the majority has
flat-lined or decreased since the banking crash of 2007 and the real
value of the pay packet today is 7 percent lower in value than 2007.
Through the diminution of labour rights and the demonising of the
position of Unions in their role of collective bargaining, there is
little the ordinary worker can do except look yearningly at the boss the
his golden handshake contract, ensuring double digit salary increases
and a bonus if he does his job properly
I
know there are some of you feel this moan is purely based on envy and I
should enthuse that the movers and shakers are happy in their
penthouses so they won't leave us to go off elsewhere for greater
gratification but it's not so. Humanity can only work harmoniously if
there is a feeling of fairness. Take away the sense of belonging to a
society and discontent leads eventually to trouble.
The
squeeze on living standards, already depressed by shortages, lack of
affordable housing overcrowded schools and a health service having to
peel away the services it used to offer is further effected by the rise
in prices which not accompanied by an increase in earnings means one
simply has to do without.
The
economic scenario much loved by the mighty Goldman Sachs sitting in their
global deal making boardroom has come true. The unit cost although
irritatingly higher than the Chinese model is coming down and in some areas of business where interns are persuaded to work for nothing, just
to sit close to god and, hopefully some day be taken on as an employee
then the unit cost is nil. Over the last decade since the crisis within
the finance industry many structures to protect the workers rights have
been demolished and the employer now has a flexibility un-dreamt of
since the end of the war (a war, defeating Fascism to secure their
rights of democratic involvement) to fit his business plan with
virtually no thought to the security of his workforce. Productivity is
now the crucial term in deciding the yard stick to measure the workforce
by. In many countries this goes hand in hand with an investment in
labour enhancing devices so that productivity is a partnership between
labour, up to date equipment and the investment needed to ensure it can
happen.
Of
course in this country investment is a dirty word. If they had invested
in affordable housing we wouldn't have a housing shortage if we had
invested in machinery we would still have an industrial base, if we had
invested in education we wouldn't have had such an illiterate workforce.
It all comes down to money you either invest profits in the future or
you salt them away in your private bank in the Bahamas. The insulated,
privileged, public school educated boards of directors across the land
were ill equipped to be sufficiently visionary as their German and
Scandinavian cousins were and we are as we are because of it.
The
commonly heard and off repeated claim that it was all down to the
Unions and a poor work force is held glaringly unworthy when we see the
success of Nissan in Sunderland, one of the most efficient work
environments in the West, manned by the self same union members (bloody
minded northerners no less) but treated properly and trained properly
they hold their productive own with anyone.
Their
only danger is, once again from the Etonian ranks as members of the
backbench Conservative party via with each other to "he haw" the loudest
in their desire to exit the EU.
It's
a terrible dilemma for them to be told by Johnny Foreigner what they
should do or not do in this British plaything of theirs. Their ancestors
conquered or stole it and now someone wants to tell them how to run it.
"I say Jeeves pour me a scotch".
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