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Thread: A corbyn government would impose a limit to what you can earn

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  1. #1

    Re: A corbyn government would impose a limit to what you can earn

    Quote Originally Posted by life on mars View Post
    I was earning , buying and supporting a family in the 70 's and it was poor pay , and tough , commodities were way more expensive, then due to no real less competition on the high street .

    School uniforms were pricey from specialist shops or M&S , now you have bigger supermarkets driving those prices down including M&S

    TV'S were a premium,had to bust a gut to get one on HP , now everyone has one , plus many more in bedrooms ,plus cable TV costs , never-mind, I pads, tablets, mobile phones , PC'S , folk now have a lot more .


    Myself and my colleagues cycled, walked , or got a bus to work , now the same car parks are rammed with cars some very top end , with some having more than one on the driveway, its all so much attainable and rightly so.

    Holidays back then were a luxury , we had to settle for home based breaks at Butlins, Trecco Bay , now with a bit of saving you can fly your family to Spain within modest income earning families.

    Things are way better now for the working person , in terms of wages and rights, and I'm only talking about factory workers, posties and rail worker type jobs .who were lower paid back then,not many having to walk to work now ,thank god .
    I read the other day that to obtain the same standard of living as the average person at the beginning of the 20th century (can't remember when exactly but between 1900-1910 I think) we would only need to work 17 weeks of the year. I am sure you are right, the average standard of living is significantly higher now than the 70's but it is also true that people born in the 80's and 90's will find it hard to create financial security for themselves. House prices are absurd, the average house price in my area was 4x average salary at the end of the 70's, now we are talking well over 10x.

  2. #2

    Re: A corbyn government would impose a limit to what you can earn

    Quote Originally Posted by Eric Cartman View Post
    I read the other day that to obtain the same standard of living as the average person at the beginning of the 20th century (can't remember when exactly but between 1900-1910 I think) we would only need to work 17 weeks of the year. I am sure you are right, the average standard of living is significantly higher now than the 70's but it is also true that people born in the 80's and 90's will find it hard to create financial security for themselves. House prices are absurd, the average house price in my area was 4x average salary at the end of the 70's, now we are talking well over 10x.
    Yes your are right life's new standards are tough to reach ,however the alleged new poor or hard up , seem still to have cars , mobiles and take holidays.

    I think the difference now is about exclusiveness and expectation, back in the 70' and 80's folk could not or would not step deep into the world of debt,which takes us back to the clever and derisive financial world whcih has allowed that to happen , which consequently has enabled the property price boom, you can bet your bottom dollar if the extended freely handed out loans were not there ,no one could afford these silly house prices and the prices would drop.

  3. #3

    Re: A corbyn government would impose a limit to what you can earn

    Quote Originally Posted by life on mars View Post
    Yes your are right life's new standards are tough to reach ,however the alleged new poor or hard up , seem still to have cars , mobiles and take holidays.

    I think the difference now is about exclusiveness and expectation, back in the 70' and 80's folk could not or would not step deep into the world of debt,which takes us back to the clever and derisive financial world whcih has allowed that to happen , which consequently has enabled the property price boom, you can bet your bottom dollar if the extended freely handed out loans were not there ,no one could afford these silly house prices and the prices would drop.
    In my area proximity to London is the problem. No one who works in London can afford to live there, commuting takes an hour. Perfect for them but it pushes house prices up sufficiently that lower paid people can't afford to live here, but those jobs are still vital.

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