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Bank of England Head says immigration destroys British worker wages & ruining economy watch

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    The head of the bank of England has said that immigration is destroying wages for British workers & that it is risking the economic recovery. Very conveniently he did not say this until after the election.

    http://www.mirror.co.uk/news/uk-news...eeping-5694400

    http://www.dailymail.co.uk/news/arti...rise-year.html
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    He's an immigrant himself LOL!
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    Why not blame the poor productivity of the average British worker than makes the French and Italians look like hard workers?

    Also, why not ask why do people who speak English as a second language, possibly quite poorly, outcompete British workers?

    It all too easy and convenient to blame foreigners.

    And.... This is a two way process. For those Brits with initiative and drive, they are countless job opportunities abroad. Far better than sitting around and blaming Johnny Foreigner for bring better than you.
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    (Original post by Quantex)
    Why not blame the poor productivity of the average British worker than makes the French and Italians look like hard workers?

    Also, why not ask why do people who speak English as a second language, possibly quite poorly, outcompete British workers?

    It all too easy and convenient to blame foreigners.

    And.... This is a too way process. For those Brits with initiative and drive, they are countless job opportunities abroad. Far better than sitting around and blaming Johnny Foreigner for bring better than you.
    the main reason is that immigrants are willing to work for much less money than Brits & also accept terrible conditions which Brits won't put up with. Just this week in Scotland British workers were all fired & immigrants hired because they work for less money & worse conditions

    http://www.heraldscotland.com/politi...ers-.125909637
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    (Original post by Ace123)
    the main reason is that immigrants are willing to work for much less money than Brits & also accept terrible conditions which Brits won't put up with. Just this week in Scotland British workers were all fired & immigrants hired because they work for less money & worse conditions

    http://www.heraldscotland.com/politi...ers-.125909637
    1. The same health and safety rules apply to everybody, so their worse conditions still have to be within the laws.
    2. I'm pretty sure that the (former now) employers were asked if they would like to have lower wages. if they (rather understandly) refused the employer had a right to choose a cheaper labour. Sorry, neither private or public sector shouldn't be made to lose money only because "they have to employ locals".
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    (Original post by Ace123)
    the main reason is that immigrants are willing to work for much less money than Brits & also accept terrible conditions which Brits won't put up with. Just this week in Scotland British workers were all fired & immigrants hired because they work for less money & worse conditions

    http://www.heraldscotland.com/politi...ers-.125909637
    Yeah, some employers are dicks, but focusing on immigration, as a lot of mainstream debate does, ignores the major failings in the British economy. Productivity is a far more difficult issue to address because it requires British business culture to change. British businesses, not exactly known for their investment and risk taking, need to pull their finger out. Talking about migration all the time allows such issues to be largely ignored.

    Carney has said today that productivity is the problem and that the UK productivity is not harmed by foreign workers.

    http://www.bbc.co.uk/news/business-32733033
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    Blame the companies for not offering a decent wage.
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    (Original post by Maker)
    He's an immigrant himself LOL!
    Yeah, which has really pushed down the compensation package of the role.
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    (Original post by Ace123)
    The head of the bank of England has said that immigration is destroying wages for British workers & that it is risking the economic recovery. Very conveniently he did not say this until after the election.

    http://www.mirror.co.uk/news/uk-news...eeping-5694400

    http://www.dailymail.co.uk/news/arti...rise-year.html
    So my mortgage will stay lower for longer? sweet.
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    ... or, from the guardian:

    'Carney also played down the idea that cheap foreign labour was to blame for poor UK productivity and weak wage growth.
    The governor said he wanted to “really dampen down” that view, arguing that a better explanation of weak wage growth was the increase in the number of British people willing to work. He highlighted a jump in the number of older people wanting to work, as well as a rise in the number of people wanting to work more hours.'

    http://www.theguardian.com/business/...-england-chief
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    Lower wages mean lower prices so it evens things out a bit and make British exports more competitive. The big problem is housing costs that continues to rise because Britain has not built enough houses and a lot of social housing has gone into the private sector. Immigration has also increased demand.
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    (Original post by Quady)
    Yeah, which has really pushed down the compensation package of the role.
    He gets £600,000 a year, he could easily be replaced by a East European for £300,00 a year.
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    (Original post by Maker)
    He gets £600,000 a year, he could easily be replaced by a East European for £300,00 a year.
    Plus house.

    How much was merv on? Must've been a couple of million.
 
 
 
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