| If you are a Union member 17:51 - Jun 30 with 3206 views | chicoazul |
and were balloted on a General Strike on the weekend of the August bank holiday, would you vote for it? Not to get into the weeds too much about the whys and wherefores.
If you are not a member of a union would you support such an action? Maybe just as simple as beeping picketers when you drive past them?
A lot of BT have just voted for strike action btw which prompted this question. |  |
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| If you are a Union member on 14:27 - Jul 1 with 393 views | SuperKieranMcKenna |
| If you are a Union member on 13:32 - Jul 1 by noggin |
Ah, so bigger profits for shareholders is best for everyone because they will move their money offshore and so keep inflation down? |
Why will shareholders move their money offshore? Most are institutions, insurers, and pension funds. It’s not simple just to transfer them over to the Cayman Islands etc and many of them use the capital in their day to day operations.
I’m supportive of the strikes all over the economy, however that seemed an odd/simplistic take as to how things actually work. |  | | |
| If you are a Union member on 14:31 - Jul 1 with 384 views | SuperKieranMcKenna |
| If you are a Union member on 13:36 - Jul 1 by Ewan_Oozami |
I do indeed, and the circumstances then were entirely different to what they are today, and a wage-price inflation spiral is highly unlikely..... |
Correct - as I’ve said before this inflation is not being driven by wage rises or consumerism. As such any more interest rate rises are a completely blunt instrument. | | | |
| If you are a Union member on 15:01 - Jul 1 with 342 views | noggin |
| If you are a Union member on 14:27 - Jul 1 by SuperKieranMcKenna |
Why will shareholders move their money offshore? Most are institutions, insurers, and pension funds. It’s not simple just to transfer them over to the Cayman Islands etc and many of them use the capital in their day to day operations.
I’m supportive of the strikes all over the economy, however that seemed an odd/simplistic take as to how things actually work. |
My point was, that the rich are still getting richer but the workers are expected to take real terms pay cuts to curb inflation. I didn't actually mean that all shareholders are tax avoiding scum (or are they?) [Post edited 1 Jul 2022 15:03]
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| If you are a Union member on 15:46 - Jul 1 with 304 views | Churchman |
| If you are a Union member on 14:31 - Jul 1 by SuperKieranMcKenna |
Correct - as I’ve said before this inflation is not being driven by wage rises or consumerism. As such any more interest rate rises are a completely blunt instrument. |
Inflation is currently supply driven. As such, you are right. Interest Rates manipulation will make no difference. |  | | |
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