asterisk2a + profit + budget2016   2

Waiters And Bartenders Rise To Record, As Manufacturing Workers Drop Most Since 2009
On the surface, the March jobs reported was better than expected... except for manufacturing workers. As shown in the chart below, in the past month, a disturbing 29,000 manufacturing jobs were lost. This was the single biggest monthly drop in the series going back to December 2009. But not all is lost: as has been the case for virtually every month during the "recovery", virtually every laid off manufacturing worker could find a job as a waiter: in March, the workers in the "Food services and drinking places" category, aka waiters, bartenders and minimum wage line cooks, rose again to a new record high of 11,307,000 workers, an increase of 25K in the month, offsetting virtually all lost manufacturing jobs. This is how the two job series have looked since the start of 2015: 24k manufacturing jobs have been lost in the past 14 months compared to an increas of 365K food service workers.
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april 2016 by asterisk2a
Hey Britain – Your Kids Have Just Been Privatised
"Thatcher said the problem with socialism is that you run out of other people money. Henry VIII will tell you the problem with crony capitalism is you eventually run out of other people’s assets to sell." [...] In George Osborne’s mercurial March 2016 budget he showed his own Machiavellian sleight of hand. He is now seen as a politician whose leadership ambitions come before the welfare of the British people. Osborne’s allegiance is to The City not the country. When he and Peter Mandelson holidayed on financier Nat Rothschild’s yacht do you think they talked about free school meals and increasing the economic opportunities of the people in Grimsby? [...] Look at his actions and we see that one of Osborne’s aims is to reinstate the class divisions that began to ebb away with socially progressive policies. This last budget sought to weave a line into the fabric of society between the haves and have-nots. [...] We are at the end of the debt cycle and there’s nowhere else to go. [...] This is not the budget for the next generation of young people. This is the budget for the next generation of rent-seekers, moneymen and crony capitalists.
education  policy  Privatisation  UK  budget2016  Michael  Gove  Nicky  Morgan  George  Osborne  David  Cameron  PISA  Iain  Duncan  Smith  DWP  Gini  coefficient  deprivation  poverty  trap  austerity  Council  income  tax  receipts  secular  stagnation  child  poverty  food  poverty  social  mobility  income  mobility  PR  Positioning  spin  doctor  neoliberal  neoliberalism  trickle-down  economics  dogma  ideology  underinvestment  Richard  Koo  property  bubble  Tony  Blair  constituency  babyboomers  pension  obligation  triple-lock  pension  Generationengerechtigkeit  infrastructure  investment  competitiveness  fairness  rentier  rent-seeking  Ofsted  crony  capitalism  shareholder  capitalism  shareholder  value  profit  maximisation  Wall  Street  profit  maximization 
march 2016 by asterisk2a

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