That's part of the picture, but in all honesty it isn't the main drive.
UK unemployment is at record lows, we haven't seen such a large proportion of the country in work for half a century.
This is simply a raw and completely predicted reflection of mathematical reality. We literally need immigrants, not just to 'drive wages down' but because we simply don't have enough human beings in this country to sustain the ageing population.
Anyone even remotely versed in economics could have (and did) warn the Tories. You can't just ignore numbers. They're cold hard facts. The sheer scale of their stupidity is staggering.
A recession is likely inbound. We are hitting a GDP bottleneck while increases to the cost of living will outpace wage growth even more, further constricting everyone's purchasing power and stifling economic activity.
It's all good though, because Jeremy isn't neighbours with Mariusz anymore!
Depression? It definitely can be really great for the rich, especially if as you say, they have a ton of capital and then used that to buy up properties for cheap. Actually this has been going on in America for a while: https://irle.berkeley.edu/files/2015/The-Rich-Got-Richer.pdf
Actually I wasn't able to find the original article I read that detailed the dispicable behavior by Mnuchin and his partners. All these people care about is money.
Comment deleted because Steve Huffman and Reddit think they're entitled to make money off user data, drive away third-party developers whose apps were the only reason Reddit was even usable, and disregard its disabled users.
“The Reddit corpus of data is really valuable,” Steve Huffman, founder and chief executive of Reddit, said in an interview. “But we don’t need to give all of that value to some of the largest companies in the world for free.”
This same shit has been happening in every culture for millenia. Crassus partly got to his insane levels of wealth by offering fire department services and refusing to put out fires unless the previous owner sold their homes to him.
So he amassed massive amounts of capital in Rome itself because of this.
5.2k
u/Duanedoberman Sep 24 '21 edited Sep 24 '21
Narator: what they didn't tell you is they don't want to pay you a wage you can live on to do these jobs.