Reply to: Why there will be no real recovery from this recession

[Gonzo]

As in all things, if you reduce the price then it would boost demand. It works for labour in the same way it works for spuds and televisions.

Ummmm, how many spuds can one person eat and how many tellies can he watch?

There is a limit to the amount of spuds one person can eat but if they are cheaper then a person that could not previously afford them can now buy them.

Similarly with televisions. Also with consumer goods cheaper prices mean that upgrading is more affordable. How often do we buy a new television now compared with our Grandparents' generation?

[Mich the Tester]

Depressing but main post almost certainly right. Rising population, diminishing resources of all types especially fuel. A major problem at the moment is the growth of China and the fuel inefficiency of its industries. According to an article I can't find at the mo their fuel requirements are several times ours.

Perhaps Europe could sell them coal?

[xoggoth]

Depressing but main post almost certainly right. Rising population, diminishing resources of all types especially fuel. A major problem at the moment is the growth of China and the fuel inefficiency of its industries. According to an article I can't find at the mo their fuel requirements are several times ours.

[d000hg]

The problem is just too many people. If everybody only had one child, problem solved.

Yes, that worked great in China.

Euthenasia.........voluntary or otherwise. Has to happen. You heard it here first.

Thanks for the sacrifice SB, leading from the front. I can't think of a better person to exemplify the need for mass culling of society's least useful demographic.

[DimPrawn]

I suppose they could be paid to polish the concrete lions on the driveway gateposts of Dimprawn´s mock tudor Barratt mansion.

Reproduction, not mock!

[TimberWolf]

I suspect a lot of problems that are building up have been cloaked by a rising population, especially recently, not least in inflating the money supply without immediate ill effect. But at some stage the population must stabilise or reduce and then all those chickens are coming home to roost.

[Mich the Tester]

As in all things, if you reduce the price then it would boost demand. It works for labour in the same way it works for spuds and televisions.

Ummmm, how many spuds can one person eat and how many tellies can he watch?

Same for labour; up to a point you're right; cheaper labour might lead to some jobs being created, but at some stage you reach saturation and there's nothing much left for all that labour to do. I suppose they could be paid to polish the concrete lions on the driveway gateposts of Dimprawn´s mock tudor Barratt mansion.

[doodab]

You are roughly in the 'right' area. Prices of a wide range of items would also deflate too simply because there would not be the ability for the market to support higher prices.

I am not saying that I like the idea, but that is what I think the prospect is.

I'm inclined to agree.

Iron Law of Wages - Wikipedia, the free encyclopedia

[shaunbhoy]

Euthenasia.........voluntary or otherwise. Has to happen. You heard it here first.

[Lockhouse]

Just who are you going to tax to pay your pension then?

A necessary sacrifice. A bit of hardship now or the end of civilisation later.

[HairyArsedBloke]

The problem is just too many people. If everybody only had one child, problem solved.

Just who are you going to tax to pay your pension then?

[Lockhouse]

The problem is just too many people. If everybody only had one child, problem solved.

[d000hg]

There are plenty of jobs. More than enough to absorb all those currently on welfare that want to/should be working and all those being displaced from their public sector jobs.

Unfortunately the jobs are currently being done by others from outside the UK.

Really? Are you including bona fide immigrants, or only offshored work and offshore workers in the UK? I suppose big companies might be hiring a million or two Bobs, but the unemployed are the unemployed dregs and the work they can do (manual work or whatever) can't be offshored.

[AtW]

People will buy less frequently and goods will last more - this would have knock on effect on raw materials, less will be required so prices will come down.

[HairyArsedBloke]

You are roughly in the 'right' area. Prices of a wide range of items would also deflate too simply because there would not be the ability for the market to support higher prices.

I am not saying that I like the idea, but that is what I think the prospect is.