Please explain to me like I’m a 5 year old. How do we fix the economy?

[bushproblems]

The job market is shocking, the minimum wage rise has not pushed up the salaries in the next bracket, food is so expensive and working hard no longer feels like it provides the rewards it used to.

Im earning more than I have in my life, but I feel poorer than I did 10 years ago when I was just above minimum wage.

I get that employers have more costs so the profits of a company won’t trickle down like it did, but what, or who, can fix this?

Im feeling very despondent about the future for me and for the younger people in my family

The lowest paid is probably a cleaner- although lots would out source to a company to avoid having low paid cleaners on the books.

@ArseInTheCoOpWindow I’d rather accept the research by the IFS on RG universities (which are not all red brick by the way) which tells us their grads earn more than those from post 92 universities. Somewhat depends on subject, but because RG includes the elite universities, overall their grads earn more. Your family isn’t research of IFS quality. Degree studied matters and so does acquisition of the skills to get a job.

Quote away. I’m only talking my experience.

I know what the Russell Group is thank you very much.

MN is after all obsessed with them. Wonder how people who go to the old polys survive really….

@ArseInTheCoOpWindow I went to a poly and here I am! However the research is fairly clear for the majority. That does not mean everyone! There are great courses at polys and with job vacancies now, having more on your cv then the degree matters more than it used to,

Reasons for lower birth rate -
the incentive to have children was partly so that there was someone to look after you in old age. But if the someone is at the other end of the country in a full time job then that won’t work.
Also we are living much longer but are more frail and ill so beyond the care of family
Expectstions of child rearing are high. As well as school, sports and hobbies several times a week
Also meals are assumed to be tasty and interesting - boiled potatoes are seldom the filler -so more thought and time.
More is expected, especially of the mother who is now working ft too.
And then there’s the cost with high uni fees etc etc

Didn't you see
https://en.wikipedia.org/wiki/Years_and_Years_(TV_series)

You round them up and put them in locked estates...

I think some people saw the programme as an instruction manual and something to aspire to rather than a warning tbh.

They've tried this with various things over the years. It just brings London money to push up house prices.

You have to stop interfering so much.
Tax less. Even the very wealthy need to be left to spend their money.

Make work pay. Make family units pay. Stop feckless levels of low skill and high skill migration - it's bad for the economy. Employ the people already here.

Well there ain’t much London money in Sheffield where l live.

House prices in some areas are already close to SE prices though.

@ArseInTheCoOpWindow It’s a those well paid uni jobs! Loads stay on in Sheffield and see it as desirable. Try Rotherham,

Well paid uni jobs? My dss is a lecturer at Sheffield uni. They can’t afford them.

I live in one ( inherited and bought when they were a normal price)

@ArseInTheCoOpWindow oh they can! Just need 2 salaries and obviously not the best areas! But you could not afford that in London either! Or the SE on one salary.