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I mean, try to send 2 children to nursery and rent a 3 bed flat on that salary. You can't fix the problem of things being insanely expensive by increasing wage

I mean, try to send 2 children to nursery and rent a 3 bed flat on that salary. You can't fix the problem of things being insanely expensive by increasing wages. That just makes prices go up.

blitzar 4y ago
I sure as shit can fix my problem of things I need being insanely expensive by increasing my wages.
- onion2k 4y ago
  You can't if everyone is using the same tactic, and if everyone is using it more successfully than you then you'll be a lot worse off. A different approach would be preferable.
bearmode 4y ago
Prices go up regardless of increasing wages. This is just an excuse capitalists use to keep wages down.
- onion2k 4y ago
  I don't think that's true for house prices.
  - bearmode 4y ago
    You don't think house prices go up without wages going up? House prices have near enough doubled in the UK over the last 10 years. Average house price at the start of 2020 was 240k, now it's bordering 300k. Do you honestly think that wages have seen growth even close to that?
    - onion2k 4y ago
      Much of the recent rises are due to investment money entering the system and the calculation used to determine mortgage lending limits changing (from 3x your income to 5x or more). The rises in the early 00s were due to buy-to-let money entering the system. In the 80s it was due to significant wage increases. Before that the last significant rise was in the 50s when households shifted to having two incomes as more women started earning, much of which went on buying a bigger house, which dragged prices up. Every time there's a major price increase you can point to a congruent increase in the amount of money available to buy houses. I don't think it's a coincidence.
varispeed 4y ago
There is no problem though that the big corporations record insane profits, no? It's a myth that prices will go up. More like the CEO won't buy that second yacht.

I mean, try to send 2 children to nursery and rent a 3 bed flat on that salary. You can't fix the problem of things being insanely expensive by increasing wages. That just makes prices go up.

blitzar 4y ago

I sure as shit can fix my problem of things I need being insanely expensive by increasing my wages.

onion2k 4y ago
You can't if everyone is using the same tactic, and if everyone is using it more successfully than you then you'll be a lot worse off. A different approach would be preferable.

bearmode 4y ago

Prices go up regardless of increasing wages. This is just an excuse capitalists use to keep wages down.

onion2k 4y ago
I don't think that's true for house prices.
- bearmode 4y ago
  You don't think house prices go up without wages going up? House prices have near enough doubled in the UK over the last 10 years. Average house price at the start of 2020 was 240k, now it's bordering 300k. Do you honestly think that wages have seen growth even close to that?
  - onion2k 4y ago
    Much of the recent rises are due to investment money entering the system and the calculation used to determine mortgage lending limits changing (from 3x your income to 5x or more). The rises in the early 00s were due to buy-to-let money entering the system. In the 80s it was due to significant wage increases. Before that the last significant rise was in the 50s when households shifted to having two incomes as more women started earning, much of which went on buying a bigger house, which dragged prices up. Every time there's a major price increase you can point to a congruent increase in the amount of money available to buy houses. I don't think it's a coincidence.

varispeed 4y ago

There is no problem though that the big corporations record insane profits, no? It's a myth that prices will go up. More like the CEO won't buy that second yacht.