Companies Closing....Wages going Down........cost of living rising?
2007-01-23 00:00:23 · 13 answers · asked by sylvie c 4 in Social Science ➔ Economics
Wages are going down because of cheap immigrant labour, cost of living going up because of crap government and greed, house prices going up because estate agents push up the sale price so that they get a bigger commission, yet again greed, oh and by they way, that I can prove from a personal experience, an estate agent pushed the price of my property up by £25,000, I told him that was too much, but wouldn't have it, in the end I sold it for nearer the price I had first asked, if not it would still be on the market now 3 years later.
2007-01-23 00:26:34 · answer #1 · answered by Anonymous · 0⤊ 1⤋
You don't specify the country. In the UK, where I live, the economy has been artifically boosted by rising house prices. This cannot go on for much longer, not least because nobody on ordinary salaries or wages can afford to buy a first home. And this wealth is not based on real economic activity like industrial manufacure. So I see a recession coming (but people have been saying that for several years now).
2007-01-23 07:12:15 · answer #2 · answered by Philosophical Fred 4 · 0⤊ 0⤋
Nowadays we could be on the brink of just about anything if you believe half of what the news media reports.It's all about sensationalism, good news doesn't keep people from going to the refridgerator,but bad news does.Did you ever notice when they ask someone a question on a news station and don't like the answer they're getting, so they cut the person off and ask anorther "more leading" question.Or try to interject their opinion rather than allow the person to answer the question. CNN is notorious for this.
2007-01-23 07:58:55 · answer #3 · answered by EveretteDavid 5 · 0⤊ 0⤋
Full employment rate 5% is considered full employement for the transient nature of some jobs, and we have 4%
Stock market hitting record highs, without a gimmick such as the dotcom corps clinton was lucky enough to have in his term.
Cost of living rising? Example please?
Recession? No, doesn't look like it. If we are, it will undoubtadly be caused by some of the crap the new congress is trying to pull.
2007-01-23 01:36:51 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Yes. I question if those who disagree just can't see any further than their own situation. Low unemployment, corporations flush with cash, and a record-setting stock market should result in better wages & conditions [for workers, not just CEOs]...that's not happening. Immigrant labor was not an issue when things were better for everyone. And the Fed is worried about inflation? The trickle-down theory--that I believed in for years-- is proven wrong. My error.
2007-01-23 00:37:47 · answer #5 · answered by Anonymous · 0⤊ 1⤋
No.
Wages are not going down, there are always companies closing because a dynamic economy sees change and has winners and losers, and the nominal cost of living nearly always is rising, while the real inflation-adjusted cost of living is falling as usual.
2007-01-23 01:14:09 · answer #6 · answered by KevinStud99 6 · 1⤊ 2⤋
No, my 3 companies are doing fine. My takings are steadily on the up, my staff get paid more each year and improve on the rate of inflation each year.
I guess you're in the wrong job
2007-01-23 02:10:29 · answer #7 · answered by Michael H 7 · 0⤊ 0⤋
OH yes with no pensions left because the Governments been "borrowing" it for years to make the economy look good ! We've got some lean times coming.
2007-01-23 00:03:49 · answer #8 · answered by Sir Sidney Snot 6 · 0⤊ 1⤋
INTEREST RATES RISING - HOUSING OVER PRICED - UK PERSONAL CREDIT AT 3 BN £ + HIGHEST NUMBER OF PERSONAL INSOLVENCIES FOR YEARS - READ CAPITAL ECONOMICS WEBSITE NEWSLETTERS
2007-01-23 09:59:25 · answer #9 · answered by Anonymous · 0⤊ 0⤋
When the oil runs out we won't know what has hit us.
2007-01-23 00:04:14 · answer #10 · answered by Anonymous · 1⤊ 0⤋