Monday, December 24, 2007

People’s fear of outsourcing and redundancy keep wage inflation low (excecpt for MP’s)

High anxiety keeps wage rises lower

Wage inflation is low as people are fearfull of demanding large pay rises as they may be made redundant and their job offshored. This only applies to those at the lower end of the salary scale. At the higher end (e.g. MP's) their is no such fear - shame can we really not offshore our MP's job's?

Posted by who stole my pension? @ 06:39 AM (1097 views)
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12 thoughts on “People’s fear of outsourcing and redundancy keep wage inflation low (excecpt for MP’s)

  • I thought we had offshored their jobs – to Brussels

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  • eyeoftheweasel says:

    No doubt Gordon’s gang will be using the AWE measure when it comes to setting their own salaries and the AEI measure when it comes to setting the salaries of anyone in the public sector who competently does anything useful.

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  • voiceofreason says:

    I think there is much scope for offshoring govt related things.
    E.g. how about building prisons in Eastern Europe. Cheap land, cheap buildings, cheap staff to run ’em.

    Also how about offshoring our unemployed and other non-workers ? Their benefits will go a lot further in a cheap country .

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  • who stole my pension? says:

    eyeoftheweasel, what is AWE and AEI? Are these other names for CPI and RPI?

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  • Have you noticed the amount of unenforceable petty legislation that these clowns (UK MP’s) have to dream up to keep themselves busy. We should be cutting MP’s salaries not raising them as they are no serving no better function than glorified local councilors.

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  • eyeoftheweasel says:

    Hi WSMP,

    They’re similar in priciple (I guess) to CPI/RPI, but based on wages rather than prices. If you read the article you’ll find out more.

    Have a good Xmas.

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  • Public spending is going to be slashed. We’re talking cuts on a scale that very few in this country will be old enough to remember. Our MP’s will sort them selves out, one way or the other, but I’m not sure the public sector is going to as cushy, for so many for much longer. The welfare state is going to disappear beyond all recognition.

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  • Typo > …but I’m not sure the public sector ISN’T going to as cushy, for so many for much longer. < ...

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  • planning4acrash says:

    Off-shoring of unemployed is already happening, I believe that a British Citizen recently sued successfully to be paid unemployment benefit from the UK whilst in Poland!

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  • who stole my pension? says:

    Oh no!! If they offshore unemployed people then the BTL market will implode!! Who do they think all those renters are??? A lot are on benefits!!! Oh my Gol!

    Merry Christmas everyone!

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  • Redundancies means more people eventually on benefits. No ‘British jobs for British people’ – this could cause problems. The only way to mask all this will be through massive inflation.
    What a mess this could be.

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  • Why not REDUCE MP’s pay to the statutory minimum wage. They can then LIVE the reality that millions of the electorate experience. Don’t worry, if it’s not quite enough to buy the champers and smoke salmon, they can rely on working tax credits and other government sourced handouts to top up their income. Gordo may even get some child tax credit too !

    Merry Christmas to all on HPCUK

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