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Sledgehead

India's 2nd Industry Caving In To China

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Newsnight covered the plight of workers in India's second most populous industry: silk weaving. Apparently there was a time when every bride needed a Sari woven from Indian silk, woven in India: twas tradition.

Unfortunately even p!ss poor, developing-word, wages haven't been enough to keep theChinese from spotting a market opportunity. They simply bought machinery, ran it with Chinese on piss poor , developing-wordl, wages and hey presto, instant market advantage.

I think the message for the developed world is pretty clear and pretty stark. Increase productivity, cut wages or starve.

"New figures from the Office for National Statistics (ONS) show that UK productivity levels in 2004 lagged behind the United States and France.

The United States retained its place on top, as the efficiency of its workers pushed its productivity 24% above that of the UK. France followed with productivity levels 11% higher than the UK.

Productivity is measured by GDP per worker, and the figures show the UK has slipped 10% behind even the average of all other G7 nations, excluding itself.

The UK remains ahead of both Germany and Japan, but Japan narrowed the gap between them. Germany lingers just 3% behind the UK in productivity and sits roughly on par."

UK productivity lags behind rivals, 13/09/2005

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The UK remains ahead of both Germany and Japan, but Japan narrowed the gap between them. Germany lingers just 3% behind the UK in productivity and sits roughly on par."[/color]

UK productivity lags behind rivals, 13/09/2005

Bear in mind too that Germany is still 'suffering' from reunification as it tries to bring the inefficient east up to western levels of efficiency.

I wonder what the differences are these days. Anyone know more concrete figures?

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  • 301 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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