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Economics

24 watchers
Sep 2022
2:54pm, 22 Sep 2022
18,386 posts
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rf_fozzy
"I don't think Rocket Science was literal fozzy, as well you know"

Indeed, but it's stupid that people use it as shorthand for "something smart"

1970s thinking.
Sep 2022
2:56pm, 22 Sep 2022
18,387 posts
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rf_fozzy
"We need to remember that it is not the government who pays for things, it is the taxpayer. The only way that education can be paid for is out of people’s pockets, either directly, or indirectly via tax. Consequently the sums have to balance and choices have to be made."

Indeed. Should be all from taxation. Education enriches all of us. Not just the person doing the degree.

Lifelong learning should be available to all for everyone. For free.

Or the alternative is we put a specific and sensible proper graduate tax. Which is a worse option.
Sep 2022
3:10pm, 22 Sep 2022
17,647 posts
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Cerrertonia
Again. You misunderstand how a modern university education works. Degree you study =/= job you end up with. That is mired in 1970s thinking
Care to read what I actually wrote and respond to that, rather than something else entirely? FWIW, I sometimes give lectures at universities (and not just in the UK), have set up degree apprenticeships with local universities, been on the board of a charity funding university places, have recently written a university textbook, and have interviewed hundreds, perhaps thousands of undergraduates for jobs.
Sep 2022
3:28pm, 22 Sep 2022
17,648 posts
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Cerrertonia
"Should be all from taxation. Education enriches all of us. Not just the person doing the degree. Lifelong learning should be available to all for everyone. For free.


It's quite a stretch to go from that set of statements (which I mostly agree with) to (exaggerating for effect) "half the UK's 18-21 year olds should spend 3 years in a quasi- butlin's camp environment where they spend a few hours per week listening to poorly paid experts (who for the most part would rather be getting on with their proper research job) read out the same powerpoint presentation year after year, and a few hours per week of actual teaching too, and other people should pay for it".

How to justify, in a country with a housing problem, the fact that we have hundreds of thousands of empty properties over the summer? The rental market in many urban locations would look substantially different if we didn't have approaching 2 million young people spending part of the year in one place and part elsewhere - universities have amassed huge property portfolios in recent decades.

Education is not the same thing as "going to university and getting a traditional degree"
Oct 2022
7:56am, 19 Oct 2022
11,567 posts
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lammo
So inflation back to over 10%, just.

I can't see my company giving me a 10% payrise somehow, let's just hope they don't make me redundant.

Puts the BoE in a bit of a spot for November.

Also, September figures are used for Aprils pension rise calculations i believe, surely Ms Truss won't go against a manifesto pledge and ease off the rate of increase, will she? :-)
Oct 2022
11:47am, 19 Oct 2022
66,051 posts
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GlennR
She's been hinting at it. Electoral suicide, but they be assuming that ship has sailed anyway.
Oct 2022
1:59pm, 19 Oct 2022
11,568 posts
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lammo
I know, I know, when will i learn...

Well apparently pensions will rise as committed previously, but potentially not benefits....

Disappointing, but not surprising.
Oct 2022
2:18pm, 19 Oct 2022
66,063 posts
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GlennR
Hell in a handcart all the way from here. IMO we are royally screwed.
MAG
Oct 2022
3:01pm, 19 Oct 2022
285 posts
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MAG
Im 43, that gives context of what I have lived through. 1980's vague memory. I also know I have a tendency to see the worst in a situation, pessimistic. I cant see any reasonable end to the Russia/Ukraine conflict and I cant see any hope for the next number of years for the UK economy, even if that conflict resolves itself somehow. We are a once great nation but no more, saddled by debt, little capacity in the UK workforce and many low/medium paid jobs not providing enough to pay for life as we/they once knew it. I see trouble in the leisure sector and fear the worst as people dont spend in their local economies. Ok the political landscape is nothing but a disaster.

So...
I know I see the worst, so can someone tell me what I am missing? Where is the ray of sunshine? We are damned if we do and damned if we dont when it comes to austerity. So are we damned?
Oct 2022
3:22pm, 19 Oct 2022
11,569 posts
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lammo
MAG, i can only point you to our learned colleagues comment above yours, who i would suggest shares the same opinion as do i.

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Maintained by lammo
Interest rates are bound to go up, aren't they?

bbc.co.uk
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