Sunday, September 1, 2013

A divided society

Two-tier workforce condemning millions to low-paid jobs, study warns

The article demonstrates how the 'recovery' is for some and not for others.It explains how a greater percentage of Britain's youth are increasingly receiving lower paid jobs than they did in the past against a current of increased living costs. This is true even in London. If I advertise a modest job, that 10 years ago would have got a few replies, I will get hundreds apply including a high proportion of student debt laden graduates. This is a social time bomb. Not just here but also in continental Europe.But the youth who don't vote grow up, get older and vote and the older voters die. If even rent becomes unaffordable for the masses, we may well see a massive swing to the left in the next 30 years with a government voted in that has a manifesto of creating millions of new low cost homes

Posted by britishblue @ 09:50 PM (4018 views)
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2 thoughts on “A divided society

  • stillthinking says:

    Thats right, the whole thing rests on the 65% home owning majority, when that dips below 50% .. but that is on a timeframe that might be useful if you are 20. Not so useful if you are older.

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  • mark wadsworth says:

    “we may well see a massive swing to the left in the next 30 years with a government voted in that has a manifesto of creating millions of new low cost homes”

    I don’t see how that is particularly left wing? Free markets are about allowing the private sector to provide the best products at the lowest cost and super-profits being competed away to zero. Seeing as all land value is unearned super-profit, a proper free market liberal is wary of any system which pushes them up.

    Stillthinking, yes, 50% is the cut off point. Once onwer-occupation went over 50% in the 1970s, the rate of new construction plummeted (and has never recovered, the Tories have now managed to halve it yet again)

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