Starmer's vision quest

[midlandsgrimpeur]

More or less true (IMHO), it's the law of supply and demand. It is distorted however if the Employer is, or can be, backed by public funds, in which case, it is not a "true" market.

The problem is, nothing is a true market. How many private companies have massive public sector contracts that pay employees wages and shareholder dividends. I think a lot of the public mistakenly think that corporations just make money through selling a good or service. You could make the argument they are still selling something via a govt contract, but it is still public money propping up a private entity. What is the difference between a supply chain manager at Serco asking for £60k on a public funded contract and a tube driver asking for the equivalent?

 

[spen666]

Is Lord Mandelsson heading towards a period of unemployment

 

[Stevo 666]

In the capitalist system of market forces they are worth exactly what it takes for employers to employ them. if withdrawing their labour causes their employer more financial or other problems than paying them what they ask then that is just just the sort of good negotiation skills and understanding of market value that righties admire.

It is not up to the 'many' who would argue their pay is already generous to decide their pay levels but is a negotiating matter between employer and employees.

I know how supply and demand works, ta.

I'm less keen on them screwing things up for the commuting public and costing economy hundreds of millions. Its no better than extortion. Although longer term, this sort of tactic will accelerate automation, then let's see how much they can get paid elsewhere. Market forces...

 

[Ian H]

Time to be realistic. How much do you think they would need to be paid to afford a house in London?

Many would also argue that their package (including a final salary pension scheme) is already pretty generous for a job like that. And apparently the poor darlings are suffering from stress and burnout caused by their brutal 35 hour week.

Judging by friends who used to rent off my other half, and who between them earned around £150000pa, quite a lot. They had to move out to Basingstoke to find an affordable house.

 

[The Crofted Crest]

costing economy hundreds of millions. Its no better than extortion.

That"s how capilaisn works, Stevo.