easy2012, on 19 February 2012 - 01:04 PM, said:
I also read about many reports about Generation Y in the emerging world refusing to take up low paid, long hours work (while living off their parents). The tide may be turning (and also end of super cheap goods while MPC find new excuses on why inflation is consistently above the target...)
Oh so the entitlement gene isn't isolated in feckless, lazy Western youths after all!?If we're not careful, this could spill out to a worldwide contagion. Obviously we must quarantine this inflexible workforce off (as we did in the west) before it spreads further.
Problem is, where will the free markets go to find their new disciples of hard work and entrepreneurship now? I hear there could be bacteria on Europa, so there's hope yet.
"the remarkable result is that under Mrs Thatcher from 1979-90, just as under Tony Blair from 1997-2007, the real value of Housing Equity Withdrawal is larger than the real value of GDP growth"