Britain’s Productivity Decline Is the Worst in 250 Years

Re:Britain’s Productivity Decline Is the Worst in 250 Years by bilekas on Tuesday February 04, 2020 @08:17AM (#22235152)

Hostile no, but I can see the market still needing unskilled labour of course, and I genuinely hope for your sake that it doesnt just cause the prices to increase dramatically.

I'm not from nor living in the UK but I sure hope things work out.

My post was a dig at the idea that all the UK needs to allow into the country is highly skilled people. I don't buy that argument.. But lets see.

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Re:Britain’s Productivity Decline Is the Worst in 250 Years by coolplants on Tuesday February 04, 2020 @08:24AM (#22235219)

You’re right, a relatively large influx of foreign workers of any skill level is harmful to all people, but especially the local people if it causes a reduction in wages.

If the cost of goods increases, it won’t likely be severe since it serves the entire population while only a small percentage of the population produce the goods. Also changing prices affects demand independently from cost of production.

[ Parent | on HN ]