Britain's wages experience fastest growth in a decade as unemployment falls again

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16-10-2018, 11:32 AM
-:Undertaker:-

Britain's wages experience fastest growth in a decade as unemployment falls again

UK unemployment falls by 47,000 to 1.36 million in three months to August, official figures show https://t.co/hGzGApdqdM
— BBC Breaking News (@BBCBreaking) October 16, 2018
Oh dear! This isn't what George Osborne and the economic "experts" predicted.

And attention!! As supply dries up in the job market, wages increase. It's a miracle! Almost like we don't have to allow hundreds of thousands of people in from Europe and around the world to do jobs - employers will have to offer more to get British workers.

Imagine what we can do for the wages of the poorest/unskilled once EU Freedom of Movement ceases to apply to the UK.

Thoughts?
16-10-2018, 01:31 PM
Zak

Quote:

Originally Posted by -:Undertaker:-

UK unemployment falls by 47,000 to 1.36 million in three months to August, official figures show https://t.co/hGzGApdqdM
— BBC Breaking News (@BBCBreaking) October 16, 2018
Oh dear! This isn't what George Osborne and the economic "experts" predicted.

And attention!! As supply dries up in the job market, wages increase. It's a miracle! Almost like we don't have to allow hundreds of thousands of people in from Europe and around the world to do jobs - employers will have to offer more to get British workers.

Imagine what we can do for the wages of the poorest/unskilled once EU Freedom of Movement ceases to apply to the UK.

Thoughts?

Bricklayers seem to be really scarce at the moment. We were looking for weeks. In the end, we settled on a landscape gardener.
16-10-2018, 05:38 PM
FlyingJesus

It's all because I got a job, you're welcome
16-10-2018, 09:52 PM
dbgtz

my thoughts are you didn't actually read the article
you also seem confused given we haven't actually left yet

tonnes of articles of businesses halting investment or even pulling out right now like AstraZeneca
also given that it seems we're about to piss away every trade deal we have in no deal brexit, inflations very much going to go up thanks to tarrifs
17-10-2018, 09:25 PM
-:Undertaker:-

Quote:

Originally Posted by dbgtz

my thoughts are you didn't actually read the article
you also seem confused given we haven't actually left yet

tonnes of articles of businesses halting investment or even pulling out right now like AstraZeneca
also given that it seems we're about to piss away every trade deal we have in no deal brexit, inflations very much going to go up thanks to tarrifs

This "we haven't left yet" argument is very strange - certainly not what Remain/HM Treasury were saying pre-referendum.

Remoaners whining that "we haven't left the EU yet", the predictions were based on the "vote to leave" e.g. Treasury forecast pic.twitter.com/QhkIjfPIP4
— Global Guido (@GloboGuido) October 27, 2016
https://pbs.twimg.com/media/DUzeOvQX0AEfGw6.jpg

The complete opposite has happened, exactly what I predicted.

Here's my next prediction, none of these predictions will come true again in the event of No Deal/when we leave in March 2019.
19-10-2018, 09:12 PM
dbgtz

Except it's not entirely inaccurate. The pound is weaker; house prices are actually going down in a lot of places; unemployment rate is a joke as you only need to be working 1 hour a week and I suspect that the raising of the age of education also impacted that (no evidence to back this assumpting up); inflation has gone up. If you actually read the document it even states something along the lines of not knowing what a government may do to tackle these issues. Wages did also go down for a period and this article even states that public sector pay rises had an influence for that period.

Regardless of all of that, my point was that we haven't actually left yet but the wages are allegedly rising, so your point about migration proves slightly false.