UK unemployment continues to rise

  • Thread starter Thread starter morganist
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Quote from zdreg:

it make no difference what school of thought a person follows. the bottom line which history has proven over and over again is that no country can devalue its way to prosperity. debasing the currency from the roman empire to this day only leads to economic disaster. excessive debt and leverage destroys companies and nations.

i doubt that anybody can provide a counter example.
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I am not claiming it is good in the long term but generally higher inflation leads to lower employment. At least that was the theory before the 70's.
 
Quote from trading spaces:

So immigrants are taking jobs from British people and claiming unemployment benefits. You couldn't make it up!
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What about the other 5 million that came in and got jobs.
 
Quote from trading spaces:

They took jobs from the British. You cannot have a welfare state and an open border.
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I agree they did take jobs from the British mainly the young. However I do not think they are the driving force of the recession. You are right you can't have open borders and a welfare state.
 
Quote from trading spaces:

They took jobs from the British. You cannot have a welfare state and an open border.
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We'll find out soon enough. The U.S. and U.K. are sure trying to prove you can.

I always laugh at the "U.S. was built by immigrants" line. While largely true, the Irish, Chinese, etc. who came over in the 1800s didn't enjoy "free" medical services and other gov't goodies.
 
Quote from MKTrader:

We'll find out soon enough. The U.S. and U.K. are sure trying to prove you can.

I always laugh at the "U.S. was built by immigrants" line. While largely true, the Irish, Chinese, etc. who came over in the 1800s didn't enjoy "free" medical services and other gov't goodies.
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neither did native born Americans.
 
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