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Poverty In The UK Doubles Over the Past 30 Years, Despite Robust “Economic Growth”

Tyler Durden's picture




 

Submitted by Mike Krieger of Liberty Blitzkrieg blog,

One of my favorite lines about the current oligarch theft continuing to occur throughout the world is courtesy of the “Artist Taxi Driver,” who likes to state:

“This is not a recession its a robbery.”

Truer words were never said, but this theft goes back a lot further than the latest economic catastrophe. As we all know by now, real median wages haven’t increased in the U.S. for the past 45 years, while at the same time, so-called economic growth according to traditional metrics has exploded higher. As yesterday’s article from the Guardian below demonstrates, this is not just an American problem. It is pervasive throughout the Western world.

So what happened? I think it’s best to put things in terms of Middle Age feudalism, since the majority of the Western world has indeed entered a modern type neo-serfdom. Essentially, think about this in terms of a king in 1085 who just doubled the land under his control. At the same time, his serfs are likely still tilling the same plots, and in order to consolidate his holdings, the king might demand increased tribute from his peasants. So the economy of the kingdom has doubled, but the serf is worse off than before. This is more or less what has happened to the West over the past several decades.

So what has allowed this tragedy to happen in modern times. My answer is clear: Financialization. It’s no coincidence that median real wages stopped increasing at the exact same time as Richard Nixon defaulted on the gold standard in 1971. This is not to say I think the “gold standard” is the answer. I don’t. Yet, it is important to understand that rampant fiat money manipulation by the Fed and its owners on Wall Street is at the very core of everything that has gone wrong.

Now, from the Guardian:

The number of British households falling below minimum living standards has more than doubled in the past 30 years, despite the size of the economy increasing twofold, a study on poverty and deprivation in the UK claims .

 

According to the study, 33% of households endure below-par living standards – defined as going without three or more “basic necessities of life”, such as being able to adequately feed and clothe themselves and their children, and to heat and insure their homes. In the early 1980s, the comparable figure was 14%.

 

The research, billed as the most detailed study ever of poverty in the UK, claims that almost 18 million Britons live in inadequate housing conditions and that 12 million are too poor to take part in all the basic social activities – such as entertaining friends or attending all the family occasions they would wish to. It suggests that one in three people cannot afford to heat their homes properly, while 4 million adults and children are not able to eat healthily.

 

Their findings will be seized on by opponents of the coalition, who argue that good news about the economy does not mean living standards are improving for most people. This will be a key Labour message in the run-up to next year’s election.

 

Oh right, the Labour Party. The folks who brought you war criminal, banker puppet and man-child Tony Blair. Why no mention of the UKIP I wonder…

 

Other figures being published include the claims that 5.5 million adults go without essential clothing; that 2.5 million children live in damp homes; that 1.5 million children live in households that cannot afford to heat them; that one in four adults have incomes below what they themselves consider is needed to avoid poverty, and that more than one in five adults have to borrow to pay for day-to-day needs.

 

Led by the University of Bristol and funded by the Economic and Social Research Council, the PSE project’s research will be presented to the conference and published in full this week. Gordon said he had been shocked by some of the findings. “In the early 1980s we assumed life was going to get better. For many it has, for many it hasn’t.”

Serfs up!

Full article here.

 

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Sun, 06/22/2014 - 10:31 | 4882594 Flakmeister
Flakmeister's picture

R > G, bitchez....

Sun, 06/22/2014 - 10:48 | 4882632 InjectTheVenom
InjectTheVenom's picture

FORWARD !

Sun, 06/22/2014 - 11:16 | 4882693 linniepar
linniepar's picture

What happened? A default by the U S on gold backed money.

Sun, 06/22/2014 - 12:22 | 4882856 COSMOS
COSMOS's picture

Robust economic growth for the bankers and the oligarchs squirreled away in London, that is about it.  Meanwhile the rest of England slides further into being the island hell hole that the Romans bailed out of a long time ago.

Sun, 06/22/2014 - 17:16 | 4883637 James_Cole
James_Cole's picture

What, the neo liberal policies championed by thatcher and her cronies have been a massive failure for everyone but the executive class? Pff, bunch of propaganda. I blame the Mexicans. 

Sun, 06/22/2014 - 19:50 | 4884052 sylviasays
sylviasays's picture

What, the massive money printing advocated by John Maynard Keynes and championed by Tony Blair's Labour Party and their cronies have made the executive class only richer and have destroyed the middle class? Pff, bunch of propaganda. What the UK needs is more money printing! And more illegals. Especially more Mexicans! 

Mon, 06/23/2014 - 06:40 | 4884875 brucyy
brucyy's picture

How come your kind never learn ? did you even notice your assumed new Labor heroes Blair and Brown were in charge for 13 years ? 13 freaking YEARS ? 

and you still blame Tatcher for every shit that went wrong in this country ? Are you retarded ? tatcher was a bitch , but at least she could fuck, unlike you and the clowns we've had afterwards 

Sun, 06/22/2014 - 15:55 | 4883463 Freddie
Freddie's picture

Open borders by the NWO leftists just like the USSA.  This is how you kill countries.  Flood the UK, western Europe, USA, Can, NZ and Australia with the third world. 

The NZ PM Is a tribe member.

Sun, 06/22/2014 - 18:59 | 4883934 ScottyB
ScottyB's picture

In 50 years whites will be a minority in Great Britain, aided and abetted by the welfare state.

Sun, 06/22/2014 - 19:46 | 4884054 sylviasays
sylviasays's picture

50 years? More like 5 to 15 years. 

Sun, 06/22/2014 - 20:26 | 4884123 Monty Burns
Monty Burns's picture

Already in some of the major cities (among them London, Birmingham, Leicester) native British (and no, I do not include a Somali with a British passport as native British) are in a minority. Within a generation several more cities will have gone the same way. These cities display all of the characteristics you associate with the countries of origin of the 'new British'.

Quite literally this represents the most traitorous betrayal in the country's total history.

Mon, 06/23/2014 - 00:41 | 4884654 COSMOS
COSMOS's picture

Too late Brittania you managed to self implode in the span of fifty years.  From a superpower to a shit stain on the back side of Europe, sucks to be you.

Sun, 06/22/2014 - 10:32 | 4882596 Flakmeister
Flakmeister's picture

The only problem with Thatcherism is that eventually you run out of North Sea oil...

Flakmeister 2009

Sun, 06/22/2014 - 10:48 | 4882634 Cat Sniper
Cat Sniper's picture

Yep, we should re-ballance the economy with wind, waffle and unicorn farts eh? eco clown.

Mon, 06/23/2014 - 09:18 | 4882672 Flakmeister
Flakmeister's picture

Why don't you tell us what your great plan is as we could all use a good laugh...

So please, by all means, indulge us...

Edit; A hour later, and all I hear are crickets... So yet another blowhard shows his true colors, i.e. all hat no cattle...

Edit2: It would seem that you have 26 friends that share your affliction...

Sun, 06/22/2014 - 10:52 | 4882640 logicalman
logicalman's picture

The problem with Thatcherism was Margaret.

May she rot in hell - the hottest corner.

Sun, 06/22/2014 - 11:10 | 4882685 Too Big 2
Too Big 2's picture

"

The problem with Thatcherism was Margaret.

May she rot in hell - the hottest corner."

logicalman: YOU ARE A TROLL WHO DOESN'T BELONG ON THIS SITE.  THERE ARE MANY LIBTARD AND POLITICAL SITES THAT WOULD RELISH YOUR POSTS.  

LARGER GOVERNMENT AND HIGHER TAXES IS NOT THE ANSWER

 

Sun, 06/22/2014 - 12:15 | 4882836 Flakmeister
Flakmeister's picture

Strawman...

We only want effective regulation where it is required and a fair tax policy where those the top pay their real fair share...

PS Libtard is reserved for the libertarian flavor...

Sun, 06/22/2014 - 12:20 | 4882850 swmnguy
swmnguy's picture

So those are our choices, either hand everything over the Finance Industry or impose "LARGER GOVERNMENT AND HIGHER TAXES?"

That's the kind of ridiculous false dichotomy that has ruined political awareness, much less discussion, never mind positive change, in America.  When I was younger any time anyone objected to just turning everything over to crony capitalists, the response was, "Why don't you go back to Russia, ya Commie?"  Because of course, there's nothing between miltarized crony capitalism and flat-out Communism.

False dichotomies are always set up by people manipulating perception and opinion for their own purposes.  When you fall for the swindle and play along, you become the problem, not the solution. 

Sun, 06/22/2014 - 13:03 | 4882967 logicalman
logicalman's picture

You obviously form opinions without any thought.

As an anarchist, I am a believer in the smallest of all governments.

Extrapolation requires a few more data point.

I saw what she did to PEOPLE for her own political dogma.

As I said - hottest corner.

Oh yes, I almost forgot.

Fuck off you brain dead arsehole.

Sun, 06/22/2014 - 14:35 | 4883226 Anusocracy
Anusocracy's picture

Like fish in their sea, most people can't comprehend existence out of the government sea.

Sun, 06/22/2014 - 16:03 | 4883481 Flakmeister
Flakmeister's picture

Maybe we could all chip in and send them to Somalia for a visit...

Sun, 06/22/2014 - 22:30 | 4884392 Anusocracy
Anusocracy's picture

Sure, then they can see the western powers killing locals so they can make into a client state.

You're such a clueless fool.

Sun, 06/22/2014 - 23:03 | 4884489 Flakmeister
Flakmeister's picture

And you are such an idealistic moron....

And I only have 5000 years of history on my side...

Sun, 06/22/2014 - 16:00 | 4883472 Freddie
Freddie's picture

Thatcher opposed open-borders while the Labour Party under Bliar, Browne and tribe member Dave Labour lit have turned England into a third world hell hole.

Sun, 06/22/2014 - 12:26 | 4882868 Rootin' for Putin
Rootin' for Putin's picture

The problem with Thatcherism was she didnt have a baby with Putin!

Now, there would be a leader!

Sun, 06/22/2014 - 13:39 | 4883090 COSMOS
COSMOS's picture

With all the hot Russian babes that can handle an AK47 why would Putin want to hook up with an Old Ugly Bag like Thatcher who served the British status quo and cared nothing about the working stiff in the UK.  She was just another a--hole who thought austerity should only happen at the lower rungs of a society.  The only thing that trickled down with that POS was the dribble of urine, from her urinary incontinence, down her hairy legs.

Sun, 06/22/2014 - 15:42 | 4883433 SameAsItEverWas
SameAsItEverWas's picture

AK74

Sun, 06/22/2014 - 10:36 | 4882600 I am Jobe
I am Jobe's picture

Time for the white Bitchess to sell themselves to the Chinese, ISIS and Saudi's. 

Amerika's turn is coming , waiting for street hookers who will be married but think the only way to survive is standing on front of 7-11. Ah the Dreams

Sun, 06/22/2014 - 12:05 | 4882810 Buck Johnson
Buck Johnson's picture

I'm not happy about your scenario, but your scenario will happen.  You see we in the US have been living in a reality of our making, one that says that we can do no wrong we are wealthy and if not it's because of THOSE people.  In reality we are a third world country with a 1st world facade thats it. More and more of the third world is reaching through the facade and we are seeing that we are a country that is losing.  Just like how American males go to Thailand and other countries to have sex vacations with women and underage women and boys it will be the same thing in America.  Because women and men will be desperate that they will see their only asset will be their bodies.  It happens in all counties hell even Britian has a crap load of hooker and escorts and sex vacations because women need to make money and they can't make money at the jobs they have and/orget one so they go to selling their bodies, and this is Britian.

Sun, 06/22/2014 - 16:03 | 4883482 MASTER OF UNIVERSE
MASTER OF UNIVERSE's picture

Britian should start out from the top down for their new hooker search. Queen Elizabeth 'Whore of Babylon' could work the

glory hole UK porn industry until she dies and then Kate could take over for renewed interest and a few more 'pounds' sterling, eh.

Yeah, that's the ticket.

OCCUPY THE MONARCHY - OCCUPY EVERYTHING

p.s. 'are there no prisons'? 'are there no workhouses'?

C. Dickens

Sun, 06/22/2014 - 20:32 | 4884134 Monty Burns
Monty Burns's picture

The USSA will in every sense shortly be actual Third World if the millions of Latino immigrants keep flooding across the border.

 

 

Mon, 06/23/2014 - 01:56 | 4884738 o2sd
o2sd's picture

That's what the Cherokee said a couple of hundred years ago, and by God they were right!

 

Sun, 06/22/2014 - 10:43 | 4882602 BlueStreet
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"The cost to taxpayers of refurbishing the Duke and Duchess of Cambridge’s Kensington  Palace apartment has quadrupled – to £4million."

http://www.dailymail.co.uk/news/article-2664060/Your-bill-refurbish-Kate...

Sun, 06/22/2014 - 10:50 | 4882637 Atomizer
Atomizer's picture

Sorry to say, that's peanuts. Goggle Obama's vacation expenses. 

Sun, 06/22/2014 - 10:53 | 4882644 logicalman
logicalman's picture

Give him a break, it must be tough spending your whole life with someone's hand up your backside.

Sun, 06/22/2014 - 11:23 | 4882690 Atomizer
Atomizer's picture

You should spend more time helping others see the big picture, rather than being bitter over your own failures. Just advice. Even I have made shit loads of mistakes. I never dwell on it 

Sun, 06/22/2014 - 12:42 | 4882911 DoChenRollingBearing
DoChenRollingBearing's picture

 

 

Yo, + 1 to Atomizer.  

Who among us has not made mistakes?  I make them every day.  I just hope to note them, rectify them when I can, and try to do better the next time.

 

EDIT:

Our Dear Leader does sometimes say "Mistakes were made."  But, when does he say that HE MADE THEM?

Sun, 06/22/2014 - 13:42 | 4883106 COSMOS
COSMOS's picture

I would much rather spend that money on Kates bikini waxes so her bum looks nice and smooth when the wind ruffles up her dress.  At least I can see that on the news once in a while.  The inside of that mansion I will never see, so its wasted tax money for me.

Sun, 06/22/2014 - 20:34 | 4884136 Monty Burns
Monty Burns's picture

Not just hand.  Ask Reggie.

Sun, 06/22/2014 - 10:38 | 4882607 Kantbelieveit
Kantbelieveit's picture

But Paris Hilton is a job creator!

Sun, 06/22/2014 - 12:27 | 4882873 Rootin' for Putin
Rootin' for Putin's picture

Blow job creater, i assume is what you meant

Sun, 06/22/2014 - 10:44 | 4882619 q99x2
q99x2's picture

The English people were scum when the world used to be comprised of nations. Now they are scumbuckets.

If you ever hear one of them on the radio or TV or Internet, see if you can deduce the scam and what methods they are using to get the money from your pocket into theirs. Down with the Queen. The one with the cloven hooves.

Sun, 06/22/2014 - 10:54 | 4882648 logicalman
logicalman's picture

The English people are no more scum than any people.

If you are looking for scum, look at the top.

The scum always floats on top of the good stuff.

Sun, 06/22/2014 - 13:42 | 4883111 Atomizer
Atomizer's picture

You redeemed yourself. My apologies. Carry the torch. 

Sun, 06/22/2014 - 18:27 | 4883839 logicalman
logicalman's picture

I appreciate honesty above all else.

 

Sun, 06/22/2014 - 20:35 | 4884140 Monty Burns
Monty Burns's picture

In general the English are a fine and honorable people.  And this from an Irishman!

Mon, 06/23/2014 - 00:44 | 4884660 COSMOS
COSMOS's picture

Not a Northern Irishman I take it.

Sun, 06/22/2014 - 11:22 | 4882703 Inthemix96
Inthemix96's picture

Is that sarc q99x2?

The English are some of the best, and most hospitable folk left on this dog for saken planet.

Look at the cunts ruining us, not at the poor fucking saps, just like you son who cant do fuck all about it.

Now wash your mouth out with carbolic soap.

;-)

Sun, 06/22/2014 - 10:45 | 4882627 Atomizer
Atomizer's picture

The 2% yearly growth faction will collapse on their heads. The expendentual growth can only occur when the peasants contribute to the economy, minus government subsidizes handouts. 

The IQ of this administration is mind-boggling. 

Sun, 06/22/2014 - 10:47 | 4882630 hairball48
hairball48's picture

No worries. As soon as the UK joins the EU all will be well again!

/sarc

Sun, 06/22/2014 - 10:47 | 4882631 orangegeek
orangegeek's picture

Robust economic growth in the UK.  Fabulous.

 

Have to run now - gotta go feed my unicorn.

Sun, 06/22/2014 - 10:48 | 4882633 darteaus
darteaus's picture

The solution is in the article!

If wages haven't risen in 45 years, don't work for wages!

Have a job, but have some gig on the side; rent rooms out in your house, do work under the table, etc.

I met one teacher who rented their house out during the summer and then travelled ostensibly leading students for 2 months on cultural expeditions.

If you simply go to work and come home to the tube and a six pack, then, yes, your situation will be stagnant.

Sun, 06/22/2014 - 10:57 | 4882652 Atomizer
Atomizer's picture

No one has the skill set to become an entrepreneur. Ball and chain, daily drivel and the drama which comes prepackaged. 

Sun, 06/22/2014 - 11:06 | 4882671 Cognitive Dissonance
Cognitive Dissonance's picture

Exactly. Wage slavery, as are all forms of slavery, is a conditioned mindset passed down from generation to generation and encouraged by those who profit from the slave's labor.

Sun, 06/22/2014 - 11:55 | 4882784 Atomizer
Atomizer's picture

Glad you're still around. Always respect your views. Remember back in the ZH blog community, you were waiting for the ZH T shirt. Forget if it was the son or daughter came in the kitchen wearing the missing Zerohege shirt 

Still miss London banker. Nothing from his site since 2013.

 

 

 

Sun, 06/22/2014 - 13:04 | 4882971 tonyw
tonyw's picture

The definition of poverty changes so that despite the generally advancing quality of life a goodly percentage will be defined as poor = needs our charitable help.

For example, above article mentions heating, before the mid 60s central heating did not really exist for most people, a single coal or gas fire warmed the whole house and in winter people wore a jumper indoors. Nowadays people expect to be able to run their central heating and walk around in tee-shirts. The percentage of earnings needed for food has dropped over the last 50/60 years. The cost of housing has increased mostly due to housebuilding not keeping pace with an increasing population.

Many charities receive much of their funding from govt and it is their interests to grow (just like other corporations) with highly paid executives and fund raisers. So whatever happens there is always the call for more to be done = give us more money, how can you deny the poor!!

 

Sun, 06/22/2014 - 10:57 | 4882654 brodix
brodix's picture

That our monetary medium is designed as a siphon to extract value out of everything it touches and not functioning as a public utility, is a big reason.

 A system in which obligations are largely public and assets are largely private will eventually blow up, since the only why to keep the money circulating is to have the public borrow it back and spend it. Eventually that reaches the point it can no longer continue.

 

Sun, 06/22/2014 - 11:03 | 4882664 Reaper
Reaper's picture

They trusted, while their chosen leaders stole to enrich a new ruling class. Trust enables theft. There is no good king nor its substitute.

Sun, 06/22/2014 - 11:09 | 4882674 MeBizarro
MeBizarro's picture

Thatcher's economic policy which emphasized massive de-industrialization except for a few select defense-related industries at the time have been a disaster on the whole. America has been following the same stupidity since '94 (NAFTA) which GW Bush set in motion and Clinton followed through. Funny how once you wipe something out it is damn hard to restart it again and get it to thrive even if at one time you were incredibly good at it.

One thing the pure free market dopes ignore and act as if you magically have capital and a low tax rate system that 'innovation' and firm creation especially around higher value-add manufacturing services will magically occur. Same kind of simplistic nonsensical thinking that if just put an apple seed in the ground and water it daily that it will magically grow into a bountiful
fruit bearing tree in 6 years.

Anglo-American model of capitalism is a failure compared to the other examples and Britain is a shining example of this and just slightly ahead of the curve compared to the US and doesn't have the benefit anymore of large natural resources.

Sun, 06/22/2014 - 11:09 | 4882680 Blackfox
Blackfox's picture

But the parents still have IPhones, Ciggs and beer money. And how many will bother to try and grow their own food? very few. The sense of entitlement over here is of the charts.

For the most part the Uk has become the first 3.5 mins of the film Idiocracy.

Sun, 06/22/2014 - 11:15 | 4882691 MeBizarro
MeBizarro's picture

How many have access to land to even do this given high amounts of urban poverty or the knowledge to do so?

One of the more persistent stupid themes on here is that poor people should just grow their own food and are too lazy/stupid to do so. What a presumptuous and conscending stance.

Do you know how to do something you never had first hand experience or even been around? You realize too that a lot of the community gardens in urban areas have soil issues too. My friend in Boston did that until I had the ground tested for her. Yeah she could grow in it but it had elevated levels of harmful stuff including arsenic in the ground. Within legal limits for the Feds and state but I wouldn't grow anything in it.

Sun, 06/22/2014 - 11:30 | 4882721 Blackfox
Blackfox's picture

I am past caring about all the x-factor fans all the football fans and all the cock-idol fans etc, they allow what is happening by simply been ignorant to reality while just watching shit on TV. And in a democracy that means they pull my life down with theirs. So when I talk to them about politics and they do not care I will be feeling the same way about them in the future when the shit hits the fan. I could not give a fuck about these little myopic narcissistic breeders of brats, they do not even care about themselves most of the time. Socialism, the gift that keeps on giving. Besides that the UK has to import almost 50% of it's food each day, what could possible go wrong?

https://www.youtube.com/watch?v=XkKJQF1xSJU

Sun, 06/22/2014 - 17:34 | 4883700 MeBizarro
MeBizarro's picture

I understand your point about apathy but angry ranting at another person and telling them what an idiot they are certainly isn't going to win many if any converts.

Sun, 06/22/2014 - 15:01 | 4883320 Excursionist
Excursionist's picture

On a related note...  this study is bupkus. Not to suggest the peasants should eat iPads, but look closely at the definition used in the study:

"According to the study, 33% of households endure below-par living standards – defined as going without three or more 'basic necessities of life', such as being able to adequately feed and clothe themselves and their children, and to heat and insure their homes. In the early 1980s, the comparable figure was 14%."

Insuring a home is a basic necessity?  Fine.  But I'd wager Mitt Romney's $10k that when one of those families comprising the 33% has to decide between an iPhone (or equivalent gadget for instant gratification) and insuring their home, which entails longer term thinking and delayed gratification, then the iPhone wins 10 times out of 10.  

I'd love to see a day in the life of this 33%.  I suspect a family waiting in a 1930's soup line would think them the richest bunch in a 10 mile radius.  And if the 33% just made better life decisions, all else held equal, then that radius would extend to 50 miles or more.

As always folks, look at the source of this study and think about the group's underlying agenda before accepting something that confirms your pre-existing views.  </end Sunday rant>

Sun, 06/22/2014 - 11:26 | 4882712 Colonel Klink
Colonel Klink's picture

Hard not to happen when you have "robust" growth, but an honestly stated "robuster" inflation.  Population backwardation!

Sun, 06/22/2014 - 11:32 | 4882726 kellycriterion
kellycriterion's picture

Crime Syndicate Feudalism doesn't work equally well for everyone.

If we look at the original feudalism, the aristocracy did the best. Followed by the highly skilled, followed by the moderately skilled, then things dropped off precipitously.

Sun, 06/22/2014 - 11:33 | 4882729 Atomizer
Atomizer's picture

I've stated in the past, what happens in UK is a beta test for the US. Generally, we are 5-7 year's behind UK. Use cameras as an example. 

Sun, 06/22/2014 - 11:34 | 4882732 PGR88
PGR88's picture

The author  cites Nixon's delinking of the Dollar to gold as the the start of financial repression against Americans, and ensuing financialization of the US economy as cause of stagnant incomes

But then says "This is not to say I think the “gold standard” is the answer. I don’t. "

What an idiot the author is - you either believe something, or you don't.  

Sun, 06/22/2014 - 12:22 | 4882843 Kprime
Kprime's picture

Exactly my thoughts. 

"I began to starve to death when I quit eating, but I don't think the fact I was not eating had anything to do with starving."

I quit buying gas for my car.  The fact that the car died one day and would not restart has nothing to do with the empty gas tank.

The fact that I have my head up my ass is not relative to the fact that my tongue tastes like shit.

Sun, 06/22/2014 - 11:36 | 4882742 p00k1e
p00k1e's picture

"Oliver Twist 2.0"

Sun, 06/22/2014 - 11:41 | 4882745 all-priced-in
all-priced-in's picture

When they say wages have been flat for 45 years are they also factoring in all the "other" costs that business must shoulder when they hire someone? I don't think so.

Health insurance, pensions, vacation, sick pay, taxes.

Plus all the other mandates that have been put in place over the last 45 years.

45 years ago you could pretty much hire and fire anyone you wanted - not as easy today - and even if I agree with some of these protections they still drive up the cost of employing someone.  

If you have ever had to comply with all the government red tape a company must comply with for the privilege of hiring someone you would know it not only sucks ass it also costs money.  

I will accept wages have been flat for the last 45 years - but also am pretty sure the COST TO EMPLOY SOMEONE is up by at least 50%.

The truth is somewhere in between --

 

 

Sun, 06/22/2014 - 11:58 | 4882792 I am Jobe
I am Jobe's picture

Move to Texas. They say Socialism is defined with a newer business model. 

Sun, 06/22/2014 - 12:23 | 4882859 all-priced-in
all-priced-in's picture

Been in Houston since 1988 - not sure what you are trying to say.

 

Sun, 06/22/2014 - 16:31 | 4883543 Pee Wee
Pee Wee's picture

The elephant in your business is you doing the work for the government.  You get taxed, you do the work, and you get paid in hope and change you can "believe in."

Sun, 06/22/2014 - 11:51 | 4882772 atthelake
atthelake's picture

You either have something or you don't and you either do something or you don't. My guess is we won't.

 

Sun, 06/22/2014 - 12:09 | 4882805 dearth vader
dearth vader's picture

>> ... 4 million adults and children are not able to eat healthily. << BS, eating healthily is much cheaper than eating unhealthily like most poors are wont to. Obesity, eh.

>> ... 5.5 million adults go without essential clothing << BS, second hand and charity provide more than enough. Trickle down, eh.

>> ... 2.5 million children live in damp homes << Of course, most British haven't known any better for ages. Why complain now?

>> ... 1.5 million children live in households that cannot afford to heat them << They should huddle together to keep warm like their forebears did.

>> ... more than one in five adults have to borrow to pay for day-to-day needs << Needs? You mean their mobile phone bills, their cars, their Ryan Air holidays at the Costa del Sol, their Nikes, their junk food and binge drinking?

Sun, 06/22/2014 - 12:26 | 4882832 ThroxxOfVron
ThroxxOfVron's picture

http://www.tradingeconomics.com/united-kingdom/inflation-cpi

"Inflation Rate in the United Kingdom averaged 2.78 Percent from 1989 until 2014"

Let Me simplify this for You my child..

365 Days in a Year.

365 x .0278 = 10.147 Days.  

IF household income did not rise the UK Government puposefully stole via inflation the puchasing power that paid for 10 days of food by the end of the first year of such a level of inflation..

You now have only money for 355 days of food left for next year..

355 x .0278 = 9.896 Days.   9.896 + 10.147 = 20.016 Days.

IF household income did not rise the UK Government puposefully stole via inflation the purchasing power that paid for 20 days of food by the end of the second year of such a level of inflation..

You now have only money for 345 days of food left for next year..

345 x .0278 = 9.591 Days.   9.591 + 20.016 = 29.607 Days.

IF household income did not rise the UK Government puposefully stole via inflation the purchasing power that paid f for almost 30 days of food by the end of the third year of such a level of inflation..  

 

& this is only the third year of the compounding of this UK Government inflation theft.

 

IF You skipped all of the meals You can't afford anymore since the UK Government stole from your Family via inflation You and your Family basically don't get to eat anything at all for the entire month of February...

But, You probably won't really notice that You are being starved by the UK Government if You just eat much less at dinner or don't eat breakfast on Sundays or such...

At least for the first few years..

But, eventually You are going to go hungry; and now You know why: the UK Government is stealing from You every day and doesn't care if You can't afford to eat because of it...

 

How do I know all of this?

The Govenment in the Untied States Of America is stealing from it's Citizens, starving them with inflation, just like the UK Government is..

Sun, 06/22/2014 - 12:22 | 4882852 smacker
smacker's picture

You can be sure that British TV News "Shows" never report the growth in poverty and huge rise in soup kitchens in Britain. It's a no-go area that wins no political friends and is likely to cause viewers to switch channels thru guilt.

Sun, 06/22/2014 - 13:35 | 4883086 Atomizer
Atomizer's picture

Go long on ramen noodles. We all did it thru college. Just keeping up the humor. 

Sun, 06/22/2014 - 14:03 | 4883155 AdvancingTime
AdvancingTime's picture

I have been watching with wonder as the economic news flowing from the UK has been spun to give the impression of robust growth. How do you explain the pick up in growth to a mature country that has been struggling under debt? In general the UK economy is not particularly competitive, over-weighted in the service sector and global finance it is vulnerable to problems that surface throughout the world.

As usual we must look deeper into the facts to get a clear picture of what is really happening. It now appears much of the recent strength comes from the fact that thousands of Britons are receiving compensation for Payment Protection Insurance (PPI).  Most Americans reading about the pickup in Britain's economy never even heard of the PPI. The total paid out so far, £13.3bn or about 22 billion American dollars has been a huge economic boost. More in the article below.

http://brucewilds.blogspot.com/2014/02/uk-economy-flood-of-questions.htm...

Sun, 06/22/2014 - 14:40 | 4883264 Loucleve
Loucleve's picture

Obviously, according to the Globalists, the solution to this "problem" is more 3d world immigration. 

what they truly, desperately need to get this train rollling is lots more low skilled, non-assimilable immigrants.  preferably on welfare and free housing.

just like here in the states.

Sun, 06/22/2014 - 18:55 | 4883918 logicalman
logicalman's picture

The globalists make more money when people work for nothing.

There are things that NEED to be done that make no money for the globalists.

The lack of profit for the already rich means they don't get done.

There's a HUGE amount to be made from war, however.

Look around, it's obvious.

We need the kind of globalization where the 99.9% wake up globally and then globally fuck up the parasites causing the problems.

You can't fix a problem if you don't understand it.

 

Sun, 06/22/2014 - 18:56 | 4883919 logicalman
logicalman's picture

dup

Sun, 06/22/2014 - 14:44 | 4883277 css1971
css1971's picture

You cottoned on yet? "Economic growth" quite literally means growth in debt under the current monetary system.

2% "economic growth" in anything means in 70[1]/2 years it will double every 35 years... Tada.... The stated problems fit the curve exactly.... Come on people learn some high school maths. That's all it takes to understand what they're doing to you.

 

 

[1] this comes from 100 * (because it's a percentage) the natural log (because percentage growth is an exponential function)  of 2 (because we're looking for the time to double).

Sun, 06/22/2014 - 15:34 | 4883411 tumblemore
tumblemore's picture

1) mass immigration and offshoring increase the supply of labour which makes the oligarchs richer

2) however doing this requires tearing up any social contract

3) tearing up the social contract requires corrupting the political elite

4) corrupting the political elite requires large sums of money partly through campaign donations, funding think tanks and pressure groups etc but also buying up the media to distort the debate by distorting the information the public recieve

5) the large sums of money necessary for this scale of corruption are easiest to find in the main centres of the banking mafia i.e. New York and London

Hence why USUK are the ground zero for national destruction caused by the banking mafia.

 

(nb The US had mass immigration first and off-shoring second. UK had off-shoring first (Thatcher) and mass immigration second (Blair) but it comes to the same thing in the end. It's all about one segment of the population manipulating the supply and demand of labor for their own benefit regardless of the harm it does to everyone else.)

 

Sun, 06/22/2014 - 16:26 | 4883522 Pee Wee
Pee Wee's picture

Kennedy would have agreed, but "financialization" killed him, too.

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