Forum home Road cycling forum The cake stop

BREXIT - Is This Really Still Rumbling On? 😴

1183818391841184318441860

Posts

  • TheBigBeanTheBigBean Posts: 14,403
    edited 15 October
    I think his conclusion was that low skilled wages would suffer a decrease of 1-3%, but he considers that to be small. This is inline with the BoE study which said 2% for every 10% that a sector is made up of immigration.

    The skilled all make more money.

    Take a guess who supports what.
  • surrey_commutersurrey_commuter Posts: 14,819

    john80 said:

    rjsterry said:

    I wonder if these temporary relaxations will get extended, and then extended again. And then again. Until we're essentially just allowing EU citizens to work in the UK, without the reciprocal right for UK citizens.

    It is certainly going to blunt wage increases in low paid sectors and business interest in automation where this is practical. Not a great legacy on Brexit.
    So the recent Nobel prize winning economist has empirical evidence that says this isn’t true but ok.
    Your fella may be an economist who won a Nobel prize but he did not win it for his work in the field of economics as there is not a Nobel Prize for economics.

    A little known fact that will get you critical acclaim down the pub.
    What's this then?

    https://www.nobelprize.org/prizes/economic-sciences/2021/press-release/
    https://www.nobelprize.org/prizes/economic-sciences/

    In 1968, Sveriges Riksbank (Sweden’s central bank) established the Prize in Economic Sciences in Memory of Alfred Nobel, founder of the Nobel Prize. The Prize is based on a donation received by the Nobel Foundation in 1968 from Sveriges Riksbank on the occasion of the Bank’s 300th anniversary. The first Prize in Economic Sciences was awarded to Ragnar Frisch and Jan Tinbergen in 1969.

    The Prize in Economic Sciences is awarded by the Royal Swedish Academy of Sciences, Stockholm, Sweden, according to the same principles as for the Nobel Prizes that have been awarded since 1901.
  • surrey_commutersurrey_commuter Posts: 14,819

    john80 said:

    rjsterry said:

    I wonder if these temporary relaxations will get extended, and then extended again. And then again. Until we're essentially just allowing EU citizens to work in the UK, without the reciprocal right for UK citizens.

    It is certainly going to blunt wage increases in low paid sectors and business interest in automation where this is practical. Not a great legacy on Brexit.
    So the recent Nobel prize winning economist has empirical evidence that says this isn’t true but ok.
    Your fella may be an economist who won a Nobel prize but he did not win it for his work in the field of economics as there is not a Nobel Prize for economics.

    A little known fact that will get you critical acclaim down the pub.
    There is, but it's got a slightly different name.
    The Prize in Economic Sciences is awarded by the Royal Swedish Academy of Sciences, Stockholm, Sweden, according to the same principles as for the Nobel Prizes that have been awarded since 1901.
  • rick_chaseyrick_chasey Posts: 57,896 Lives Here
    edited 15 October
    *eyeroll* OK SC. Forgive me for thinking the "nobel prize" website and the press referring to it as the "nobel prize in economics", operating it in exactly the same manner as a nobel prize is a nobel prize.

    I suspect you're the type who insists in pub quizzes the Hague is actually the capital of Netherlands as that is where the royalty and parliament reside.
  • TheBigBeanTheBigBean Posts: 14,403
    Well, I've had that argument about Bolivia.
  • elbowlohelbowloh Posts: 7,078

    *eyeroll* OK SC. Forgive me for thinking the "nobel prize" website and the press referring to it as the "nobel prize in economics", operating it in exactly the same manner as a nobel prize is a nobel prize.

    I suspect you're the type who insists in pub quizzes the Hague is actually the capital of Netherlands as that is where the royalty and parliament reside.

    Do you mean Holland?
    Felt F1 2014
    Felt Z6 2012
    Red Arthur Caygill steel frame
    Tall....
    www.seewildlife.co.uk
  • TheBigBeanTheBigBean Posts: 14,403
    edited 15 October
    Wrong thread.
  • surrey_commutersurrey_commuter Posts: 14,819

    *eyeroll* OK SC. Forgive me for thinking the "nobel prize" website and the press referring to it as the "nobel prize in economics", operating it in exactly the same manner as a nobel prize is a nobel prize.

    I suspect you're the type who insists in pub quizzes the Hague is actually the capital of Netherlands as that is where the royalty and parliament reside.

    Bizarrely I am not that person but on here I find the level of pedantry and pinhead dancing incredible so thought i would join in with one of the few I know.

    Next time you meet a Nobel Prize winning economist ask them what subject they won it in.
  • surrey_commutersurrey_commuter Posts: 14,819

    Well, I've had that argument about Bolivia.

    The only people I know who could name a city in Bolivia have watched too much Butch Cassidy
  • TheBigBeanTheBigBean Posts: 14,403

    Well, I've had that argument about Bolivia.

    The only people I know who could name a city in Bolivia have watched too much Butch Cassidy
    I don't know what Butch Cassidy is.
  • surrey_commutersurrey_commuter Posts: 14,819

    Well, I've had that argument about Bolivia.

    The only people I know who could name a city in Bolivia have watched too much Butch Cassidy
    I don't know what Butch Cassidy is.
    The best western ever made. They go on the run to Bolivia.
  • DeVlaeminckDeVlaeminck Posts: 7,396
    Apparently he may have survived - DNA tests showed Cassidy and Sundance weren't buried in the Bolivian graves they were thought to be - and lived out his life into old age.

    Sounds an interesting character - I read he had a lot of sympathisers because he never killed anybody - I thought that was an unusually low bar.
    [Castle Donington Ladies FC - going up in '22]
  • john80john80 Posts: 2,532

    I think his conclusion was that low skilled wages would suffer a decrease of 1-3%, but he considers that to be small. This is inline with the BoE study which said 2% for every 10% that a sector is made up of immigration.

    The skilled all make more money.

    Take a guess who supports what.

    Given how many people on here like to get all upset about a 1% lower GDP increase year on year that may be the result of Brexit I am surprised they are not more upset about the low skilled being done over by 1-3% on wages due to immigration. They are probably the people that see an across the board 3% wage increase as good as they are at the top of the pay scale and can't understand the complaint of the guy on half their wage.
  • elbowlohelbowloh Posts: 7,078

    Well, I've had that argument about Bolivia.

    The only people I know who could name a city in Bolivia have watched too much Butch Cassidy
    Or occasionally read about the South American Football championships and look at why Bolivia do so well at home compared to away.

    https://blogs.unimelb.edu.au/sciencecommunication/2020/10/06/the-breathtaking-football-of-bolivia/

    Felt F1 2014
    Felt Z6 2012
    Red Arthur Caygill steel frame
    Tall....
    www.seewildlife.co.uk
  • surrey_commutersurrey_commuter Posts: 14,819
    elbowloh said:

    Well, I've had that argument about Bolivia.

    The only people I know who could name a city in Bolivia have watched too much Butch Cassidy
    Or occasionally read about the South American Football championships and look at why Bolivia do so well at home compared to away.

    https://blogs.unimelb.edu.au/sciencecommunication/2020/10/06/the-breathtaking-football-of-bolivia/

    maybe written by TBB?
    Estadio Hernando Siles, located in La Paz, one of Bolivia’s capital cities
  • TheBigBeanTheBigBean Posts: 14,403

    elbowloh said:

    Well, I've had that argument about Bolivia.

    The only people I know who could name a city in Bolivia have watched too much Butch Cassidy
    Or occasionally read about the South American Football championships and look at why Bolivia do so well at home compared to away.

    https://blogs.unimelb.edu.au/sciencecommunication/2020/10/06/the-breathtaking-football-of-bolivia/

    maybe written by TBB?
    Estadio Hernando Siles, located in La Paz, one of Bolivia’s capital cities
    Sucre is at only 2,800m, so in the perennial capital battle it would be conceding an advantage for the national football team.
  • surrey_commutersurrey_commuter Posts: 14,819
    john80 said:

    I think his conclusion was that low skilled wages would suffer a decrease of 1-3%, but he considers that to be small. This is inline with the BoE study which said 2% for every 10% that a sector is made up of immigration.

    The skilled all make more money.

    Take a guess who supports what.

    Given how many people on here like to get all upset about a 1% lower GDP increase year on year that may be the result of Brexit I am surprised they are not more upset about the low skilled being done over by 1-3% on wages due to immigration. They are probably the people that see an across the board 3% wage increase as good as they are at the top of the pay scale and can't understand the complaint of the guy on half their wage.
    The people who get upset understand compound growth
  • kingstongrahamkingstongraham Posts: 18,150

    john80 said:

    rjsterry said:

    I wonder if these temporary relaxations will get extended, and then extended again. And then again. Until we're essentially just allowing EU citizens to work in the UK, without the reciprocal right for UK citizens.

    It is certainly going to blunt wage increases in low paid sectors and business interest in automation where this is practical. Not a great legacy on Brexit.
    So the recent Nobel prize winning economist has empirical evidence that says this isn’t true but ok.
    Your fella may be an economist who won a Nobel prize but he did not win it for his work in the field of economics as there is not a Nobel Prize for economics.

    A little known fact that will get you critical acclaim down the pub.
    There is, but it's got a slightly different name.
    The Prize in Economic Sciences is awarded by the Royal Swedish Academy of Sciences, Stockholm, Sweden, according to the same principles as for the Nobel Prizes that have been awarded since 1901.
    Like I said.
  • rick_chaseyrick_chasey Posts: 57,896 Lives Here
    edited 15 October
  • john80john80 Posts: 2,532

    john80 said:

    I think his conclusion was that low skilled wages would suffer a decrease of 1-3%, but he considers that to be small. This is inline with the BoE study which said 2% for every 10% that a sector is made up of immigration.

    The skilled all make more money.

    Take a guess who supports what.

    Given how many people on here like to get all upset about a 1% lower GDP increase year on year that may be the result of Brexit I am surprised they are not more upset about the low skilled being done over by 1-3% on wages due to immigration. They are probably the people that see an across the board 3% wage increase as good as they are at the top of the pay scale and can't understand the complaint of the guy on half their wage.
    The people who get upset understand compound growth
    Yet those people are happy for people on low wages to have compound growth work against them compared to the more well off. I wonder why.
  • pblakeneypblakeney Posts: 17,157
    Tbf, it was announced Friday morning.
    The above may be fact, or fiction, I may be serious, I may be jesting.
    I am not sure. You have no chance.
    Veronese68 wrote:
    PB is the most sensible person on here.
  • surrey_commutersurrey_commuter Posts: 14,819
    john80 said:

    john80 said:

    I think his conclusion was that low skilled wages would suffer a decrease of 1-3%, but he considers that to be small. This is inline with the BoE study which said 2% for every 10% that a sector is made up of immigration.

    The skilled all make more money.

    Take a guess who supports what.

    Given how many people on here like to get all upset about a 1% lower GDP increase year on year that may be the result of Brexit I am surprised they are not more upset about the low skilled being done over by 1-3% on wages due to immigration. They are probably the people that see an across the board 3% wage increase as good as they are at the top of the pay scale and can't understand the complaint of the guy on half their wage.
    The people who get upset understand compound growth
    Yet those people are happy for people on low wages to have compound growth work against them compared to the more well off. I wonder why.
    Can you really not see the difference between wages being reduced by 1-3% and wage growth being reduced by 1-3% a year?
  • kingstongrahamkingstongraham Posts: 18,150
    pblakeney said:

    Tbf, it was announced Friday morning.
    And that tweet is 6:38pm on Thursday.
  • john80john80 Posts: 2,532
    edited 16 October

    john80 said:

    john80 said:

    I think his conclusion was that low skilled wages would suffer a decrease of 1-3%, but he considers that to be small. This is inline with the BoE study which said 2% for every 10% that a sector is made up of immigration.

    The skilled all make more money.

    Take a guess who supports what.

    Given how many people on here like to get all upset about a 1% lower GDP increase year on year that may be the result of Brexit I am surprised they are not more upset about the low skilled being done over by 1-3% on wages due to immigration. They are probably the people that see an across the board 3% wage increase as good as they are at the top of the pay scale and can't understand the complaint of the guy on half their wage.
    The people who get upset understand compound growth
    Yet those people are happy for people on low wages to have compound growth work against them compared to the more well off. I wonder why.
    Can you really not see the difference between wages being reduced by 1-3% and wage growth being reduced by 1-3% a year?
    I will help you out. Minimum wage gets a 1-3% uplift every year and a guy on double his wage gets the same yearly uplift. After ten years how does this look between the two examples given. This was my original point that I have now put in numbers to you.

  • rick_chaseyrick_chasey Posts: 57,896 Lives Here
    Tito was communist, ya know.
  • briantrumpetbriantrumpet Posts: 8,076
    edited 17 October
    Focused on the things that really matter...


  • ddraverddraver Posts: 23,358
    People were wondering what's next...



    Do Waitrose Pies come in tin foil?
    We're in danger of confusing passion with incompetence
    - @ddraver
  • TheBigBeanTheBigBean Posts: 14,403
    edited 18 October
    ddraver said:

    People were wondering what's next...



    Do Waitrose Pies come in tin foil?
    Relevance to Brexit?
Sign In or Register to comment.