Ross Miller
- Location: London Road, Dover
- Registered: 17 Sep 2008
- Posts: 3,709
#21
24.8% of the UK economy is real estate/renting/business services, 13.4% of the UK economy is manufacturing industry (mostly high tech) Financial Services accounts for approx 14.4%, 12% wholesale and retail, everything else being less than 10% each.
Clearly this does not equate to a dead economy, there is plenty of life left in the old dog.
"Dream as if you'll live forever. Live as if you'll die today." - James Dean
"Being deeply loved by someone gives you strength,
While loving someone deeply gives you courage" - Laozi
Guest 745- Registered: 27 Mar 2012
- Posts: 3,370
#22
That's all ok then
Ross Miller- Location: London Road, Dover
- Registered: 17 Sep 2008
- Posts: 3,709
#23
No
But it is not dead - the real problem is that many low skilled jobs have been lost from the economy - particularly in labour intensive industries. However we have at the same time seen a general dumbing down of education so we have failed to upskill either young people or the existing workforce, leading to burgeoning unemployment
The issue of the number of Eastern Europeans employed here is a symptom of the problem, not the problem itself
"Dream as if you'll live forever. Live as if you'll die today." - James Dean
"Being deeply loved by someone gives you strength,
While loving someone deeply gives you courage" - Laozi
Guest 696- Registered: 31 Mar 2010
- Posts: 8,115
#24
In fact no, Ross!
The economy, in particular the sectors you mention, is based on sovereign debt - 1 trillion - and more still on private debt, which, 2 years ago in the UK, was 3 trillion pounds. However, that too has gone up.
Ours is a debt-based economy, both national and private. And adding to that, T. Blair sold off all our gold reserves too, and he did that when gold was worth only $400 an ounce.
Now it's close to £2,000 an ounce.
Guest 745- Registered: 27 Mar 2012
- Posts: 3,370
#25
This thinking that we will have the high-tech jobs and the chinks will do the donkeywork is basically wrong.
And insulting to them
Guest 696- Registered: 31 Mar 2010
- Posts: 8,115
#26
Ross, working in a Kent salad factory or at London Fancy Box is the same now as it was 100 years ago. But the Establishment has taught the youth that this sort of work is to be shunned, and so half the youth go to university, the other half sign on.
