£9.50 Minimum Living Wage On The Way

[SLUDGE FACTORY]

Just to make this a 14-pager..

What system is better than capitalism?

What system is worse than capitalism ?

I mean the tearing up of rainforests , raping of Africa, colonialism , the power of the marketplace in this country leading to the worst social care crisis ever due to crap wages being paid by cash rich private companies , a race to the bottom for social housing , the NHS on its absolute fecking arse

All this cobblers about capitalism weeding out the week , recessions then regrowth ?

That's the sort of society people want to live in ?

Feck all that

[Feedback]

What system is worse than capitalism ?

I mean the tearing up of rainforests , raping of Africa, colonialism , the power of the marketplace in this country leading to the worst social care crisis ever due to crap wages being paid by cash rich private companies , a race to the bottom for social housing , the NHS on its absolute fecking arse

All this cobblers about capitalism weeding out the week , recessions then regrowth ?

That's the sort of society people want to live in ?

Feck all that

with all due respect Sludge you're referring to consumerism. We're seeing all of the above in China, who are the antithesis of capitalism. Capitalism per se isn't the problem, and like every economic system it has its merits. there is no one perfect solution and capitalism is the best we have, and works well in countries like Sweden, Denmark and Switzerland - which all have social democracy as their political standard.

[SLUDGE FACTORY]

with all due respect Sludge you're referring to consumerism. We're seeing all of the above in China, who are the antithesis of capitalism. Capitalism per se isn't the problem, and like every economic system it has its merits. there is no one perfect solution and capitalism is the best we have, and works well in countries like Sweden, Denmark and Switzerland - which all have social democracy as their political standard.

As an accountant you are bound to support capitalism and say its the best we have as you are in it to win it

[JamesWales]

As an accountant you are bound to support capitalism and say its the best we have as you are in it to win it

If you are saying accountants cant be socialists, that is a pretty strong argument for capitalism you are making there!

[Feedback]

As an accountant you are bound to support capitalism and say its the best we have as you are in it to win it

you're making many assumptions there Sludge.

[Eric Cartman]

My experience of working in London tells me workers there accept the long commute is part of life. I'm not saying it's right, but many people who work in London don't live there.

And that will work fine for people on above average money but if we look at someone on £13 an hour. I can only really speak for my area but if someone was not remote working at all (more likely for a lower paid role) then season ticket into London is going to be 3-4k and a 1 bed flat 750-1k a month so at best you are looking at 55-60% of your wage gone just from accommodation and travel to work. You could probably find cheaper areas but the reality is these are all quickly becoming more expensive, a few years ago I could have traveled 5-10 miles and bought a decent 2 bed for 190k, now they are 320k.

Now 40 years ago when my parents moved out from London you could buy a 2 bed for 3-4 times the average wage. That same house would cost probably 10-12 times the average wage now.

[Rjk]

Although this is greater than the headline rate of inflation I suspect that the "effective" inflation that people in this wage bracket re seeing is probably higher - we are seeing bib increases in the price of food and of energy costs, and the bigger a proportion of your money you have to spend on that the more inflation you are personally going to feel.