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Is Unemployment A Price Worth Paying?

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http://www.guardian.co.uk/business/poll/2010/dec/15/is-unemployment-price-worth-paying

http://www.guardian.co.uk/business Current results can be seen here, 22% say yes it is the deficit must be reduced 78% think unemployment will scar the country for decades at the time of posting.

If deficit spending and the debt compound problem do have limits clearly 78% of people answering this question have no real understanding of the question, because if the economy collapses due to debt unemployment is going to get a lot worse.

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people are living in zanu cuckoo land if they think we can carry on like the last ten/twenty years without a major retrenchment fiscally.

quite simply,we have a welfare state that we can't afford.period.we also have a bloated public sector we can't afford.period.

unemployment is the price we pay for not having a currency crisis/hyperinflation.The choice is stark.

That's right, trot out the usual prole food, let's keep hammering that straw man .....

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Didn't a Tory say unemployment in the North is worth paying to prevent a recession in the South?

"Northern unemployment is an acceptable price to pay for curbing southern inflation" Eddie George former Governor of the Bank of England

From my sig.

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The thing is that while the 'cuts' may seem swingeing in terms of the number of people losing their 'jobs', but in relation to the deficit they hardly make a dent.

By the end of the term of this government we will be spending just as much on the deficit as we are now.

It shows how far up the creek we really are. The government lays off 500k people, no doubt causing a lot of pain and misery, yet we are no further forward in solving our debt problems.

The future is bleak indeed

Edited by General Congreve

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"The Governor shows himself perfectly happy in the spectacle of Britain possessing the finest credit in the world simultaneously with a million and a quarter unemployed. I would rather see Finance less proud and Industry more content”

Churchill

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What is important is the number of people who are contributing, not whether they are classified as unemployed or not.

The number that arent producing is quite scary. Add in pensioners, judges, mp's, three quarters of civil servants, the landed aristocracy, and you can see the scale of the problem.

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unemployment (something people understand) is the price we pay for not having a currency crisis/hyperinflation.(something people don't understand)

Given the above, you can tell why people don't want jobs to go, because they can't comprehend why it needs to be done.

And Labour pulled a masterstroke heaping all the blame on the banks, and nothing to do with their vote-buying schemes.

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What is important is the number of people who are contributing, not whether they are classified as unemployed or not.

The number that arent producing is quite scary. Add in pensioners, judges, mp's, three quarters of civil servants, the landed aristocracy, and you can see the scale of the problem.

This is the real unemployment. Just because someone gets up early, sits in traffic and then sits at a desk it doesn't mean they are doing anyone any good. I estimate the number of people who are just sitting there absorbing money in your typical workplace is greater than 50%, ive certainly never been in any workplace where it was less.

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http://www.guardian.co.uk/business/poll/2010/dec/15/is-unemployment-price-worth-paying

http://www.guardian.co.uk/business Current results can be seen here, 22% say yes it is the deficit must be reduced 78% think unemployment will scar the country for decades at the time of posting.

If deficit spending and the debt compound problem do have limits clearly 78% of people answering this question have no real understanding of the question, because if the economy collapses due to debt unemployment is going to get a lot worse.

People are perfectly capable of understanding the need to endure privations if it is a neccessary part of the road to recovery. The problem is, they are not stupid and can see well enough that these privations are being foisted on those at the bottom whilst the ones at the top, that is to say, the one who set the economic stage that the rest of us have been forced to dance to.....they get off scott free.

In fact, more than that, it is clear that they are still lining their pockets at the expense of the majority.

This is not just about money and not just about economics. It's about morality. You underestimate the people's innate capacity to see the basic moral injustice and, as such, are just one more of the useful "sheeple" that our masters so rely upon to sow confusion and misdirection about who the real culprits are in all of this.

Edited by tallguy

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people are living in zanu cuckoo land if they think we can carry on like the last ten/twenty years without a major retrenchment fiscally.

quite simply,we have a welfare state that we can't afford.period.we also have a bloated public sector we can't afford.period.

unemployment is the price we pay for not having a currency crisis/hyperinflation.The choice is stark.

and thats where you are wrong we will have unemployment AND a currency crisis/hyperinflation. Making people unemployed wont fix the problem because its way more systematic than that. It goes from currency manipulation of the germans/chinese, to decreased need for workers in the private sector due to productivity improvements, to a bloated rapicious financial sector. The high public employment is a system rather than a cause. They were absorbed by the public sector because they had nowhere else to go because of those systemic issues.

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This is the real unemployment. Just because someone gets up early, sits in traffic and then sits at a desk it doesn't mean they are doing anyone any good. I estimate the number of people who are just sitting there absorbing money in your typical workplace is greater than 50%, ive certainly never been in any workplace where it was less.

Nice to see someone else sees this. There is so many companies I've worked for where my skills have gone from being 100% utilised to being 0% utilised, but I'm still turning up day after day and being paid for it. Dealing with general things in life seems to consist of a handful of incompetent people doing what one competent person could be doing with ease.

This country has became very flabby after suckling on the housing honey for the last 30 years. If we are going to compete in the real world then we are going to have to become lean and mean, that or we extend and pretend and continue to believe we can have an economy based solely on selling houses to each other for ever increasing sums.

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and thats where you are wrong we will have unemployment AND a currency crisis/hyperinflation. Making people unemployed wont fix the problem because its way more systematic than that.

That's right. The only way to fix the problem is to make people dead. I predict WWIII in my lifetime.

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The thing is that while the 'cuts' may seem swingeing in terms of the number of people losing their 'jobs', but in relation to the deficit they hardly make a dent.

By the end of the term of this government we will be spending just as much on the deficit as we are now.

It shows how far up the creek we really are. The government lays off 500k people, no doubt causing a lot of pain and misery, yet we are no further forward in solving our debt problems.

The future is bleak indeed

Thats right, if each jobs is £50,000 a year.. we would have to get rid of 3.5 million jobs to close the 175 billion deficit. Sort of beyond the point of no return in that regards.

If they laid off 500k people that, and each of those cost £50,000 a year, that would take only £25 billion off the deficit. Not really worth doing.

Edited by aa3

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What is important is the number of people who are contributing, not whether they are classified as unemployed or not.

The number that arent producing is quite scary. Add in pensioners, judges, mp's, three quarters of civil servants, the landed aristocracy, and you can see the scale of the problem.

Good post. what have you done with the real leicestersq?

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This is the real unemployment. Just because someone gets up early, sits in traffic and then sits at a desk it doesn't mean they are doing anyone any good. I estimate the number of people who are just sitting there absorbing money in your typical workplace is greater than 50%, ive certainly never been in any workplace where it was less.

Then you've never worked in an engineering office, but in general i agree with you.

So many jobs are to carry out completely superflous functions that would be better off not done, but the drones are so blinkered that they seem to think that it's some sort of law of nature.

An example. Assigning numbers to things to log in databases, when the things have perfectly good numbers already.

Just make the artificial number the primary key and you have really fecked things up, at great effort and expense. Happens everywhere.

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What is important is the number of people who are contributing, not whether they are classified as unemployed or not.

The number that arent producing is quite scary. Add in pensioners, judges, mp's, three quarters of civil servants, the landed aristocracy, and you can see the scale of the problem.

We're going all Roman Empire aren't we.

Didn't they have less than 50% of their population working? Aren't we at 27 million working to 34 million not working?

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and thats where you are wrong we will have unemployment AND a currency crisis/hyperinflation. Making people unemployed wont fix the problem because its way more systematic than that. It goes from currency manipulation of the germans/chinese, to decreased need for workers in the private sector due to productivity improvements, to a bloated rapicious financial sector. The high public employment is a system rather than a cause. They were absorbed by the public sector because they had nowhere else to go because of those systemic issues.

However keeping people employed with deficit spending is going to fix nothing.

I agree it's structural and their is no easy fix, huge problems have been hidden by free and easy credit. The economic balancing is going to be very difficult especially as financial VI's want to keep the gains they have got.

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  • 309 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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