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I am sure all those tax breaks for rich is going to work out… Any second now…
Trickle down economics has never worked, ever.
“But this time it will!” said conservatives.
When a policy has lasted forty years across both parties’ having periods of absolute governing power, one can’t really pin a policy on a single party anymore.
Oh come on. It’s very clear who the champions and vanguard of trickle down economics are. It’s fatuous to “both sides” this issue.
I think it’s objectively absurd to look at a 40-year old policy and try not to acknowledge that it’s been adopted by the Democratic Party.
This is a story about the UK…
Your point makes slightly more sense if you’re talking about the US instead. I still think it’s silly to ascribe equal blame to the instigators of the idea and a party that fails to push the tide the other way because of inertia and political expediency.
I mean the centre ground if fucked over there, so you have my sympathy.
Yeah, I was talking about the US.
It’s not inertia, though. The Dems have had the power to make meaningful change several times in the past four decades. Their failure to do so is a choice they’ve made repeatedly.
That the elderly and children have to work at all represents a total failure of our culture here in America.
My dad is 80 years old and is developing dementia, and I was helping him fill out job applications earlier this year. This is a man who worked since age 11 (my grandfather died when my dad was a kid) and had his own business, in America, for 50 years. (Killed by Goldman Sachs and the 2008 economic crisis)
People love to call ours a Christian country, and they’re making a very strong case for atheism in the process.
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People love to call ours a Christian country, and they’re making a very strong case for atheism in the process.
And the moral progress is getting more and more inhuman like China. Anddd… the world seeing this as a gold standard right now, I understand what your feeling after watching Adam Curtis Documentary, very wide view movies I ever watch so far…
Translation: “We wil do anything before offering fair wages”.
“Economically inactive” 🤣
They are not old, they are economically inactive. Hmm, I can see it becoming a thing…
And we have no more old people in this country. No more old people. We shipped them all away and we brought in these senior citizens
[…]
Well, I’m getting old and it’s okay because thanks to our fear of death in this country I won’t have to die. I’ll pass away or I’ll expire like a magazine subscription.
What happens in the hospital. They’ll call in the terminal episode, the insurance company will refer to it as a “negative patient care outcome” and if it’s the result of malpractice they’ll say it was a therapeutic misadventure.
I’m telling you some of this language makes me wanna vomit. Well, maybe not vomit. It makes me want to engage in an involuntary personal protein spill.
— George Carlin
George Carlin is a fuckin’ legend. This man satarized the west harder than Volcano fucked Pompeii.
Dead are not dead, they are economicaly inactive too. Soon corporations will invent necromancy.
Being able to look forward to terms like “economically inactive” and “unretirement” makes being classified “biologically inactive” and “unalive” seem better and better, here and now.
Unretirement ? Wow, that is crazy.
I’m really conflicted about this. On the one hand, I am not defined by my contribution to the economy, the value capital owners are able to skim off my labour. Fuck off with that.
On the other, 50-64 year olds who could afford to retire early are exactly the demographic buying into nativist anti-immigration rhetoric resulting in this, and it’s a bit funny thinking about that group getting hoisted by their own petard.
They’re not getting hoisted by anyone’s petard. It’s not the people who can afford a comfortable retirement the liberals* have in their sights here.
- for any confused USians, that word does not mean what you (probably) think it means
That’s exactly who they are targeting as noted in the article. The unretired 50-64 year olds are still in the labour force.
You didn’t read the article then. Cool, cool.
The article explicitly about coaxing (or coercing depending on your perspective) older workers who left the workforce due to covid back into the workforce? Yes, I did read that. Did you?
But research also revealed that a substantial number of those who gave up work during the pandemic were hard-up as a result, with reduced expenditure on food and lower wellbeing. Meanwhile, one survey found that a fifth of economically inactive 50- to 64-year-olds were waiting for NHS treatment – evidence of the social and economic damage caused by the vast waiting list for treatment. As well as queues for operations such as hip replacements, economic inactivity is linked to the rising toll of chronic mental and physical illness.
You know fine well who will be prodded back to work and who will carry on enjoying their well-funded retirements. Or at least, you should if you had a) read the article and b) been paying any attention at all to how the world works and why kites like this are flown.
Why did you quote a paragraph referencing people who took an early retirement as evidence that this article is not aimed at exactly that group?
They didn’t take early retirement.
This is the best summary I could come up with:
Meanwhile, fewer than one in 20 of participants in the government’s “skills bootcamps” – employer-led short courses aimed at equipping jobseekers for the opportunities in their area – are aged over 55.
Earlier this month, Mel Stride, the work and pensions secretary, championed the idea of over-50s delivering takeaways, and doing other jobs more readily associated with younger workers.
Crucially, they should extend beyond low-wage private sector vacancies to labour shortages in health, education and social care – where recruitment and retention problems are acute and linked to low pay levels and workload pressures.
But research also revealed that a substantial number of those who gave up work during the pandemic were hard-up as a result, with reduced expenditure on food and lower wellbeing.
As well as queues for operations such as hip replacements, economic inactivity is linked to the rising toll of chronic mental and physical illness.
But the coexistence of high levels of economic inactivity with key worker shortages in vital areas such as teaching remains hugely problematic, and should be addressed by return-to-work policies.
The original article contains 554 words, the summary contains 177 words. Saved 68%. I’m a bot and I’m open source!
This is part of every tight labor market, the marginally attached come back in when the employer is willing to pay up.
Imagine someone retired for 6 months and then a big project comes up at their old employer…they might go back, but it better be for 30% more or something.
That’s exactly what my grandfather did, although it was quite a bit more than 30%.
Bit of a special case though, he legitimately really enjoyed his job and worked it so he only went into the office 3 days a week
