Wednesday, September 15, 2010

The Govenors Speech to the TUC

I quote from Mr King's speech to the TUC, "After a decade-and-a-half of stability, with rising employment and living standards, came the crisis and recession - the biggest economic upheaval since the Great Depression."

What bulls**t! - There was no stability, the economy of the whole period was a house of cards built on sand. Mr King is attempting to fudge the fact that the Bank of England and Treasury had no control over and no vision of the international banks selling each other completely worthless stocks and bonds for more than a decade.

Further more this rising employment he talks about was masked by the fact that on one hand some people were losing well paid jobs and whilst on the other they were replaced in the overall figures by more people in lower paid jobs, how else can Mr King explain that the gap between rich and poor getting wider every year. If the jobs available were improving every body's wealth fairly, the gap could not be widening, could it?

And finally the gross national living standard as a statistic may have risen, but only because the minority at the top are getting far more of it than their fair share. That's the only way his statement can stack up. Talk about spin, he would be better off working as a gyroscope!

Wednesday, September 08, 2010

Supermarket creates new jobs!

We are constantly being told about this or that major retailer, usually one of the big five supermarkets, about the quantity of new jobs that they have created somewhere. However we are not told how many jobs the new business destroyed, the brand new supermarket or super store opens up and all the smaller retailers around it close down.

What's perhaps worse is that most of these "new" jobs are part time, very low paid and with little prospect of promotion. The retailers will no doubt argue with me that there is much potential for staff to work their way up inside the business but against what odds, today one of the biggest retailers ran an advert in our local paper for 75 new jobs and got 500 applications from desperate people. At this rate you will soon need a degree in retailing to operate a checkout or even stack shelves.

Expanding businesses rarely create new jobs they just destroy older, and in their eyes, more costly and less efficient ones, its called "economics". Just remeber that one new job probably means the loss of more than one old one, that's why there are more and more people becoming unemployed.