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Hull City Forum >> CI Football Plus >> Leaving the comfort zone , or going on an exciting adventure?
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candw

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26502 posts
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#1
13/07/2017 at 10:25

And we haven't left yet.

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exiled CITY AFC

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#2
13/07/2017 at 10:49

A growing economy fuelled by borrowing will only end in tears or in this case put off the reckoning as we have been doing - welcome to the end game  

Let it never be said that I was silent when they needed me - William Wilberforce 

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candw

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#3
13/07/2017 at 11:49

And yet nobody does anything. Banks will make a loan regardless. Just letting it happen is wrong. Hard drugs are banned for for reasons of the social good. We need a Nanny State for credit. 

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essexgull

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#4
13/07/2017 at 14:37

The problem is inflation. It's already at a realistic 3%. If pay increases on it's own, then inflation will simply go up also, rendering the pay increase pointless and weakening the strength of the economy and currency...

It's all a fine balancing act.

Relative pay needs to increase whilst interest rates go up to maintain the strength of the pound, whilst the actual manufacturing and service economy increase productivity and 'work' globally. Increasing pay in a depressed/contracting economy has a negative effect on the bottom rung, see Zimbabwe for extreme examples. Pay should only be increased when the economy is growing at a stable and sustainable pace.

The raise in minimum pay alone will just see prices of cigarettes/alcohol/food/housing increase to offset the currency weakness and ultimately not benefit those receiving... Hence why Osborne tried to take these people out of most of their tax-paying responsibilities to give them a 'double boost', not that he'll ever be given credit for this, due to his other mistakes.

This is why Germany has a lower minimum pay level, as do France and Italy, but the average family 'earns' more relatively, due to the economies being different.

The problem with business and the economy is that the vast majority of the public can't be bothered to understand it and make demands and votes depending on what they're told. The majority of minimum wage earners would be better off earning less if the UK economy was restructured properly that allowed genuine growth.

EG 

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exiled CITY AFC

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#5
13/07/2017 at 17:05

Quote Quote by candw on 13/07/2017 at 11:49
And yet nobody does anything. Banks will make a loan regardless. Just letting it happen is wrong. Hard drugs are banned for for reasons of the social good. We need a Nanny State for credit.


The Portuguese on drugs have proven the point that prohibition is never the answer.

To continue the analogy In the parallel world of credit the government is the biggest user but at least the tories are trying to wean us off it. Despite a cheeky toke for old times sake with the DUP

Jezza has just run a campaign meanwhile to break out the crack-pipe.

The dealers (banks) need to be regulated for responsible lending otherwise we have seen over and over again that personal responsibility won't happen unless their is moral hazard 

Let it never be said that I was silent when they needed me - William Wilberforce 

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candw

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#6
13/07/2017 at 18:07

Here are some min wages.

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essexgull

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#7
13/07/2017 at 18:43

So the ranking between France, Germany and the UK is hard to fit a rizla between and fluctuates depending on currency. A 5% rise in GBPEUR will see the UK above. The new Tory minimum wage proposal will see the UK matching Ireland more or less.

EG 

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imperishablehcfc

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#8
13/07/2017 at 21:51

No wonder Bulgaria has become a popular destination again, still cheap as chips, and no doubt no annoying Bulgarians hanging around. 

Fuck the short term we will build a 1000 year Hull City Reich 

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Hull City Forum >> CI Football Plus >> Leaving the comfort zone , or going on an exciting adventure?