• breadsmasher@lemmy.world
    link
    fedilink
    English
    arrow-up
    43
    arrow-down
    1
    ·
    1 year ago

    Cut CEO and Executive Pay to increase competition in the market.

    Cutting minimum wage is punitive bullshit.

    • Wanderer@lemm.ee
      link
      fedilink
      English
      arrow-up
      4
      arrow-down
      7
      ·
      1 year ago

      One is the free market and the other isn’t.

      What really needs to happen is have absolute visibility on people’s wages and job advertisements.

      CEOs compete on wage because they can see each others wage.

      I’m not against removing the minium wage but I do support ubi in that case.

      • Echo Dot@feddit.uk
        link
        fedilink
        English
        arrow-up
        2
        ·
        1 year ago

        Yeah I’m not allowed to tell my co-workers what I earn.

        Of course I do anyway because what are they going to do about it? It’s called Glassdoor and while its interface may be one of the worst designed websites on the internet, it is a valuable resource.

  • shish_mish@lemmy.world
    link
    fedilink
    English
    arrow-up
    33
    arrow-down
    1
    ·
    1 year ago

    And then employers moan that nobody wants to work and that young people all leave the country.

    • snacks@feddit.uk
      link
      fedilink
      English
      arrow-up
      23
      ·
      1 year ago

      not just leave the country- leave the towns in the UK that need to catch up to retain their talent. The brain drain is real, young people leave their small towns because theres no progress or future, most go where the better paid work is. If they want to level up, cutting minimum wage is the opposite of what needs to happen

      • VaultBoyNewVegas@lemmy.world
        link
        fedilink
        English
        arrow-up
        10
        arrow-down
        1
        ·
        1 year ago

        Gov has never been interested in leveling up, was and is an election strategy. Like saying you’ll build 40 new hospitals when what’s actually happened is some have been touched up.

      • Wanderer@lemm.ee
        link
        fedilink
        English
        arrow-up
        1
        arrow-down
        2
        ·
        1 year ago

        Just change the tax system. Have some sort if a rebate or something

        Companies get 0 for all workers in London, 5% for large cities outside London, 10% for bumfuck nowhere.

    • Syldon@feddit.ukOP
      link
      fedilink
      English
      arrow-up
      15
      arrow-down
      2
      ·
      1 year ago

      So that people remember they are morons when it comes to a general election. Complacency will allow these thieving scumbags to come straight back into office.

  • ChicoSuave@lemmy.world
    link
    fedilink
    English
    arrow-up
    16
    arrow-down
    1
    ·
    1 year ago

    Economists saw a politician with a career shorter than the lifespan of lettuce and thought “this is a person who will represent our position!”

    Who is trusting or even listening to these people? Ignore any economist who doesn’t use a Keysian approach.

    • Syldon@feddit.ukOP
      link
      fedilink
      English
      arrow-up
      17
      arrow-down
      1
      ·
      1 year ago

      Sunak is listening to them. This is why Hunt is proposing to give tax cuts to the well off in the next budget. We seriously could be looking at yet another UK meltdown before we can remove this lot.

  • Blackmist@feddit.uk
    link
    fedilink
    English
    arrow-up
    8
    arrow-down
    1
    ·
    1 year ago

    Remember when she sent inflation skyrocketing and nearly bankrupted every pension fund in the country, sacked after 6 weeks, of which most of that was spent burying old Lizzy.

    Man those were some good times.

    I can only suppose that a “Truss supporting economist” is the equivalent of a fireman holding a Molotov cocktail.

    • Syldon@feddit.ukOP
      link
      fedilink
      English
      arrow-up
      1
      ·
      1 year ago

      You cannot have trickle down economics without having a bunch of paupers to drip money to.

  • palordrolap@kbin.social
    link
    fedilink
    arrow-up
    6
    arrow-down
    1
    ·
    1 year ago

    That site really needs a newer stock photo of cash. I felt compelled to look it up: The paper tenner was withdrawn in 2018 and the round pound coins were withdrawn in 2017.

    Feels like last week. Where the hell has the time gone? (Pandemic probably hasn’t helped.)

    Back on topic, those economists are letting their cold, blue little hearts rule their heads. Ghouls.

    • j4yt33@feddit.de
      link
      fedilink
      English
      arrow-up
      6
      ·
      1 year ago

      First time I came to England before moving here there were still the small, fat pound coins. When I came back a few years ago I thought I was experiencing some weird Mandela effect

      • JoBo@feddit.uk
        link
        fedilink
        English
        arrow-up
        3
        ·
        1 year ago

        The entire country was scandalised, until we were reassured that the new pound coins would still work in trolley locks.

      • dreugeworst@lemmy.ml
        link
        fedilink
        English
        arrow-up
        2
        ·
        1 year ago

        I brought some cash I still had, tried to get in the bus from the airport and was told what I had wasn’t legal money. Shit was confusing, went to a cash point really close by and got to see the bus leave without me.

  • Echo Dot@feddit.uk
    link
    fedilink
    English
    arrow-up
    4
    arrow-down
    1
    ·
    edit-2
    1 year ago

    Supporting Liz Truss rather cancels out the economist part.

    What Truss knows about prudent economic policy would fit on the back of a postage stamp.