UK is on top of the chart....

[expat]

True, but when it recovers companies will once again complain about how hard it is to find qualified staff.

It will be hard. Look at it not just from the point of view of a worker, but (especially after retirement) from the point of view of an indirect consumer of the work of qualified staff. There won't be enough of them to go round, and no amount of saving will fix that for everybody. The only way to be able to afford what you want in an economy of a declining workforce will be to have saved more than the other guys. Somebody is going to fall short, and not be able to afford what they need, e.g. health care. Stafford Hospital is a vision of the future. This is especially so for Generation Y and later: when they see their parents living on dog food, they are all going to start saving like crazy. To no avail, it will just put up the price of work.

[Cyberman]

It will be hard. Look at it not just from the point of view of a worker, but (especially after retirement) from the point of view of an indirect consumer of the work of qualified staff. There won't be enough of them to go round, and no amount of saving will fix that for everybody. The only way to be able to afford what you want in an economy of a declining workforce will be to have saved more than the other guys. Somebody is going to fall short, and not be able to afford what they need, e.g. health care. Stafford Hospital is a vision of the future. This is especially so for Generation Y and later: when they see their parents living on dog food, they are all going to start saving like crazy. To no avail, it will just put up the price of work.

People were doing perfectly well out of pensions and PEPS until Brown came along and stealth-taxed them. Socialists reap what they sow, and that is poverty in retirement.

[Pogle]

2 million unemployed announced today. I bet its 3 million if you count all the middle class workers who are too proud to sign on yet.

The global depression has only just started. After a bear market rally, the Stock Indices will plough to new depths. I foresee civil unrest in the not too distant future.

Martin Armstrong is 100% right.

Go on - admit it, you've made all that up haven't you, it sounds like utter ballcocks to me.

[sasguru]

2 million unemployed announced today. I bet its 3 million if you count all the middle class workers who are too proud to sign on yet.

The global depression has only just started. After a bear market rally, the Stock Indices will plough to new depths. I foresee civil unrest in the not too distant future.

Martin Armstrong is 100% right.

[Cyberman]

Go on - admit it, you've made all that up haven't you, it sounds like utter ballcocks to me.

Sadly, what SantaClaus predicts could well come to fruition. We will hit 3.5 million unemployed next year and many of those may not get state help while the spongers continue unaffected. There may well be an attempt by the BNP and muslim extremists to exploit these differences and divisions, just as we have seen the New IRA trying to exploit the weak-willed in Northern Ireland.

[contractor79]

neither muslim extremists or BNP can be blamed for mass unemployment, that would be the responsibility of the New Labour government