View single post by kargol
 Posted: Sat Jan 15th, 2022 10:31 pm
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Joined: Thu Oct 18th, 2007
Location: Brum, United Kingdom
Posts: 5429
I think this is a knock-on effect of the 2008 crash. For a few years afterwards people thought there would be a reckoning and a re-setting. And it hasn't happened. The same people who fucked up then are still in charge now - and making coin on the work of those who bear the brunt of every downturn.

I've seen the change in my own working lifetime. When I started in the late nineties there was a sort of employer culture ethos, in that the partners wanted to get out early and bring on the younger staff. But the group between me and the partners basically decided, no, we're going to take control and never let go. They're still there now.

And now we see the reaction every time there is a problem is to sack the workers rather than sack off the bonuses. It's worse now than in the last 50 years. Therefore people are voting with their feet.

Add to that welfare. Right now the younger generations are working to pay for the pensions for the older generations; pensions that are no longer available to current workers; and to older generations that, in many places, have more or less won the lottery, by getting property when it was cheap and now sitting on massive piles of property cash - while the younger workers cannot afford it.

The system is getting more and more bodged just to keep it going. The biggest problem? The restrictions on smoking. 30 years ago an entire generation was dying at 65, having paid their stamp all their lives, and dying before they needed to draw on it. As well as contributing to the exchequer via taxes. Now people are stopping smoking, they're living longer and paying less tax. Bad move.