Oh my god what has happened in 2010 that made everything go so wrong for the British people for the next 12 years....Its a mystery

My boyfriend just finished his masters and got a job with the NHS as a lab technician. The salary is £23k. It’s an absolute joke this country

Personally experienced the difference. Moved away from UK back in 2018 because the same job in Netherlands was paying 2.5 times more. Cost of living was about 20% less.

UK salaries have always been crap. moving to California saw my CFO level pay quadruple for doing less work. in UK the expectation is for people to perform the work of 3 or 4 people. no wonder productivity is low, all workers are over worked, criminally underpaid & pissed off.

I live in an Irish village of 200 people. Very rural. Working a grocery job here I would get paid 2pound more an hour then any similar job in London. That's ridiculous

Why are British workers poorer than European ones? The answer to that lies in the answer to the following questions: Why are the Tories the most successful election winning machine the planet has ever seen? Plus: Why despite the evidence that voting Tory makes 75% of the population worse off in real terms do the English and it is in this case the English continue to vote Tory?

I work in care. I had a 1% pay rise in 12 years. I received a rise last April as the minimum wage went up. Because of this, my employer has now stopped our weekend enhancement payments. We now are now worse off. In real terms, we have taken a pay cut. Unbelievable.

Thanks for the video. I finally established a way to increase my net income per month. My 2024 goal is to pay off the house by Sept 2024 (8 years total into a 30 year @ 4%). I have no debt other than mortgage. My 401k, HSA, IRA and emergency funds get maxed out. The mortgage is my last piece of debt left. I don't have any school loan or CC debt. I've made a lot of sacrifices over the years. I'm almost at the debt free finish line.

If you think productively in the UK is a train wreck now.. wait until you see how much of UK's GDP calculations are skewed by non productive elements like rent (and even more insane 'imputed rent' - the amount that a home owner would need to pay themselves if they were renting). The UK's ongoing problem is that we are an economy of rent seekers not manufacturers.

Tories have destroyed the soul of Britain

Unfortunately there most likely is no technocratic solution. It’s a cultural problem. The entrenched British class system and the lack of social mobility is to blame. The ruling classes see the middle as a threat and have an ingrained distain for them, which has lead to an almost vindictive underinvestment in their skills and the tools to do their jobs better, even though doing so would benefit the top more anyway. Those at the top would rather hold down salaries and squeeze every last dime out of UK businesses in bonuses and dividends, then take that money and buy US stocks and property, rather than reinvest it in UK businesses for higher future returns. The problem with that is that the middle is the most import part of the workforce, they are the doers, they drive productivity. The Eloi at the top really don’t!

It's almost as though privatizing nearly every essential service while still paying taxes for them, then cutting yourself off from the European economy can have negative effects on your country. Who'd a thunk it?

Brexit may have exasperated the Wage situation a bit, but we've always been always been lagging behind Europe in term of Wages since the Financial crash of the late 2000's and never fully caught with them since before the crash. Although there are a multiude of reasons of why this happened, one thing that was constant since 2010 was one political party who ruled Britain...yeah great record on the economy tories. 🙄

When I moved to London to help my companies UK branch get off the ground almost instantly I found that it was much more difficult to get proper funding for projects and even when we would run the numbers for projected profits it was less than had it been back in the US. Then I took a trip outside of London. Almost every single city in the Uk feels like it’s got all its resources drained so that they can pour it all into London. It reminds me of back home in the states. How some areas of New York look like the best place in the world and then you go up to Harlem. Hard to imagin that the wealth inequality when I grew up got worse.

Taxed more, paid less, lowest pensions in EU, what a wonderful country !!

I studied economics in England many many moons ago. I am constantly amazed by the search for some sort of macroeconomic magic sauce that will solve all the country’s problems. In my country, we tend to look for mundane ways to make the economy work better. Stuff like education (also for those who leave school at 16), investment, innovation, infrastructure etc etc etc. Not very sexy and all take time to have an effect but then our GDP per capita is more than a third higher than Britain’s. I blame whats his name from Trinity Cambridge.

In 2016 I got paid £150 a week working 40 hours a week as an apprentice, I could barely afford to pay my bills 😂

I thought Brexit was gonna fix that because they can take back control? 😂

As someone trained in economics and who was proven largely right in predicted Brexit outcomes, I have only one issue to identify: Austerity.

its never changed. two tier system in place. the country is rich, for that very very small percent of extremely wealthy people. its not just the lack of wages either, its the hours the uk expects you to work for that wage. i moved abroad to do the same degree driven engineering career and was on a wage three times more a year than the highest paid job i ever had in the uk. The career i was in was also the exact same job as what i had in the UK too. Nobody prepares those that get degrees, that you can end up in an industry that pays less than stacking shelves at asda. thats the absolute truth of it. the country devalued the worth of the signatures. i wont ever work in the UK again. not a chance. The UK only recognises the financial degrees and only in the london area. if your a banker, lawyer, solicitor, financer, underwriter, your probably wondering what im banging on about. your not affected. dont accept bad wages in the uk kids, get your education, and go, leave this country to rot in its snobbery and class driven wars. you will at the minimum, double your wages for whatever your work sector is. mine was engineering. get out, and dont let them keep you in slavery.

Interesting video. If you live in the UK you'll know right now we don't need graphs to tell us we're buggered.

I’m in the US but the Tories have the man mindset as American GOP - cut taxes, cut services, “trickle down economics” -- the problem is a ton of people are born into no wealth, chaotic families, and terrible parents. But growing up, public schools served everybody and the parents that gave a crap and helped fundraise for the school helped the kids who parents didn’t care at all. Investment in public goods help people from all economic spectrums and gives a lot of people a chance at a more “normal” life - but like here in the US now, public schools are crumbling, private schools soaring so now all the parents that give a crap are focusing on private schools and public schools are full of kids whose parents just don’t care. There is not a support system to help the school or the kids. European countries provide better public services that help keep inequality lower and, when people aren’t constantly battling against everything, their productivity is higher. Unfortunately, the conservatives convince people more money will make them happy so less taxes but the consequences are devastating for society as a whole - everybody is stressed, so many people can never make enough money because as more services are cut the burden falls onto individuals, and the rich get richer while more and more people fall into debt. European countries have a better sense of community when it comes to government and services while America and the UK have a fiercely independent mindset of “it’s my money and screw everybody else”

Wages in England have always been very low for the past 200yrs. The so-called upper class don't want anybody to be rich except for them. That's the general impression that England gives to the world.

I doubled my salary by moving to the continent to do the same salary in 2018. It was one of the best decisions I've ever made.

If you think you are poor now, just wait until your gov't takes you out of human rights accords. You'll lose protection against wage reductions, agency workers replacing you, paid holiday, maternity leave, etc.... but I'm sure it's worth it to send 200 people to Rwanda.

Lack of investment is a factor. So many hours of work lost in my workplace due to old/dysfunctional IT, interacting with poor networking infrastructure.

C‘mon, wages in UK aren’t that low: «Thames Water appoints Chris Weston as boss with up to £2.3m package» Keep up the good job: "Thames Water: 72 billion litres of sewage pumped into Thames in two years, the BBC has revealed. 11 Nov 2023" (btw 72 billion litres = 72 million tonnes!) "Most inland bathing spots in UK have unsafe levels of pollution, report finds. 21 Nov 2023"😳

Although Brexit disproportionately impacted Britain, this is not the only issue. Years of reluctance by the government to invest in the country coupled with corruption and asset stripping of our vital infrastructure has also weighed heavily on the poorest in society. That being said, thousands of young Spanish people and Portuguese live here in Leeds because it's much better for young people looking for opportunities and a good career than it is in their own country, where wages are much lower and taxes are also high. Also Germany is a large manufacturing nation, but Britain is mostly service sector based (The second largest exporter of services in the world after the US) so the economies were different to begin with. Here in Leeds, business confidence is sky high and Leeds west bank is one of the largest redevelopment projects in Europe, but if you drive a few miles to Bradford it's a completely different story! Such high poverty and very visible decline

It's been the same for years, build houses, invest in services and infrastructure, and lower student debt. Boomers decided on Brexit instead 🤷‍♂️

Question>Why are British Workers Poorer than European Ones? Answer> decades of deregulation allowed it and in fact made it unavoidable this isn't a bug it's the direct result of policy, the EU may have held this off but after Brexit there was nothing preventing mismanagement of local government

Where i used to live, all the factories have gone. Like all of them. Bendix Westinghouse, GB Britain's, Strachan and Henshaw Machinery, DRG. Plus all the supporting subsidiary companies. All work moved abroad. People discarded for the profits of a few. Capitalism in other words.

I'm seeing many job postings for visual effects artists in the UK. But their salaries are low, the hours are long with no overtime pay, and the cost of living is high. It must be hard to find workers willing to work twice as hard for half the pay.

I'm on around £250 per month more than i was 10+ years ago but the cost of living has doubled and some, so I'm effectively poorer.

I have been saying this for the last 10 years and was mystified why there has been so little discussion on the matter, bravo to TLDR for broaching this subject.

Always look to the wealthy. The wealthy were the ones who spear-headed Brexit, knowing that they would suffer the least. In fact, if they had stock in large multinational chain stores, they've actually gotten richer. Now your oligarchs can impose their "economic ideals" on a captive workforce to accelerate the wealth redistribution upward. The same has happened here in the United States. In order to maximize their profits at the expense of the social and constitutional fabric of the United States, the wealthy in conservatives states have -bribed- "urged" their (conservative) government representatives to use child labor: children don't have collective bargaining rights; and most children haven't developed the emotional and psychological fortitude to stand up for themselves. The wealthy in some conservative states are also using slave labor: forcing incarcerated criminals in for-profit prisons to work at lower waged service jobs without pay. Your wealthy are looking at what the US wealthy are doing. I urge you all to wake up and stop them ... if it's not already too late ... like it is here.

Wages have always been poor in the UK for as long as I can remember. The UK has been destroyed by bullshit rules and low level thinking politicians, there has been zero progress for 60+ years

Pay people crap treat people crap you're gonna get crap

one word - Tories

I live in the UK because of a more vibrant industry that i wanted to work in as a career. But I was on more money at 20 working in Argos in Ireland than i do now as a Technician in UK

I moved to Germany in 1981 and immediately doubled my salary. Over 30 years in the company my wage raises always matched or exceeded inflation. In the paper business some of the machines running in the UK were literally like museum exhibits for the history of paper manufacture. Meanwhile my new German company were spending 100's of millions every year on new machines. Another massive difference is continual training with companies in Germany put a lot of effort keeping their staff up-to-date. They also are proud to retain their staff over decades - so you have highly trained, experienced and loyal staff. I'm not at all surprised at the numbers - seems to me UK Governments have been promising to improve matters for decades and achieved very little. Yes you have cheap labour but no way can the UK compete in productivitiy terms with that alone. Brexit was a further nail in the coffin. Most multi nationals don't want to invest in the UK for their European markets for obvious reasons.

The fact i would need to use my entire income to own my home and keep the various people from taking it back is crazy

In this country, people live only because they rent houses for 5 people or live off benefits and council houses. if you are a middle class single guy, you go to work and spend everything on bills

Yeah.. I left the uk 1 year ago and came to mainland Europe and I’m doing better here than I was in England! The cost of living there is unreal atm 😢

I’m no expert on finance but looking around me personally I see many many people here in London who are tied down for life paying for a house they can barely afford. With so much capital being eaten up by homes coupled with the stagnant wages, its no surprise there isn’t much left for investing into productive assets within the nation.

We have been using Neo Liberal fantasy economics since 1976. Aka austerity

2009: low manufacturing output productivity since the credit crunch 2016: impact of low and decreased private investment in uk since uk left eu 2014 - Present: Unstable Conservative rule contributing to mismanagement in economic strategy whilst maintaining (and continuing) austerity measures established by Osborne / Cameron

I'm so poor in the UK it's embarrassing.

In 1984 i went self employed, people in my trade earnt an average of £12 an hour at that time, If you put that into the Bank of england inflation calculator it is equivalent to £37.35 today, so the money you earn has devalued by nearly two thirds.

15 years of wage stagnation, that's why

Short answer is stagnant wages whilst we have taken on the biggest debt in a century = we’ve been robbed by the Tories for 13 years.

Badly paid and one of the worst State Pensions in Europe😢 there is an obvious widening gap between the have and have-nots. You can see jobs for lower income earners dissappearing too... self service tills in shops (which most of us hate), Banks closing etc. There precious little to feel good about.

Definitely, an in-depth analysis of the fix would be very interesting. Yes please!

Humm british people did not stop being european because they left the EU 😅 Anyway, as a portuguese I disagree with the title of this video. I’m sure my spanish, greek and eastern european fellows agree with me 😂

The failure of austerity measures is central to the current problem. A lack of investment over many decades was made worse...by cutting investment. So why oh why are the government talking about more years of austerity. It's exactly the wrong thing to do.

UK immigration policies and enforcement gives them an excess labor pool which drives down wages like dominoes.Employment in the rest of Europe is more regulated. Economics 101... the more supply you have of something the cheaper it is.Poor people don`t hire illegals, rich people do.Uncontrolled immigration effects the lower economic strata. In the USA open borders has depressed wages for the non-college educated labor sector for the last 30 years. Fines for employing illegal workers here are a joke.People need to wake up to the policies enacted by parties thought of as helping the "little guy".

Companies won't train there staff, they provide the worst equipment available, they pay as little as they possibly can. A real shameful end having been the greatest in the world only a few generationsago. The government hasn't helped, they really don't give 2 shades of shit about the emerging workforce. I tried and tried to get on an apprenticeship. The services available were absolute nonsense. They wasted my time and stretched my temper. Young adults who are capable of learning real skills need shoehorned into work. I had all the same issues back in the 90's had to join the army in the end. White working class males are abandoned

Very interesting video. In my opinion, one important factor which affected wages is the wave of outsourcing, which gain momentum in the last 15 year or so. For example, in my area of expertise, Information Technology (IT), more and more large corporations outsource their operations to India. They expect all their UK customers to keep purchasing their goods and services but they do not want to pay local workers. They prefer to pay workers in another continent the lower salaries which maximizing their profits. So, short term gains cause long term damage.

Why would anyone think the UK Gov "wants to fix it"? Low wages was always the goal. The problem was keeping the policies that created this hellscape in place when the Tories get voted out. And with Stamer they have their solution. Low Wages, wealth inequality and rapid privitaization are the permanent norm now, no matter who is in No 10.

We used to think the UK had influence but today. . . Let's just say, "Don't believe the UKGov lies about our economy, life, and future". All three have been wrecked and destitution, poverty, homelessness, a rising death rate, and uncontrolled crime, are all provable, and rising in numbers. Poverty and debt are our only growth industries. Internationally we are a joke, a VERY bad joke, with our swamped borders and failing everything in towns and cities. Industry? We have some left standing?? Today I was told that there is a national shortage of drugs and other pharmaceutical products. That will impact on our health as has the 13 month wait for elective surgery which will develop into life sustaining surgery because of the delays. Whose fault? That would be the UKGov as they plunged the country in a cost of living and energy crisis that is destroying what future we had as it plays "holier than thou" politics about zero carbon claptrap.

I left Glasgow in 2007 when I was getting paid 12.50 an hour as a carpenter. I hear from friends it's currently 15.00 an hour. Here in the Netherlands it's more like 20-30 after tax.

Investment also means government investment. The UK at one point was spending half that of Germany on R&D and a recent report mentioned by TLDR (I think) stated that lack of national investment is why we have fewer graduate level jobs. So, as always, answer is small state Cayman islands thatcherism

By 'more investment' people actually mean 'flog of yet more of your national assets to foreigners for a pittance and call the money they provide 'investment'"

Sounds like we need to end austerity measures which most countries didn't take as a consequence of the banking crisis and it seems to have worked for them.

The UK Government of the past decade or so doesn't seem to want anything to do with industry, they want a service economy. The whole thing is cultural attitude from top to bottom. They don't acknowledge anybody that works in manufacturing, or any kind of physical job, then exclusively fixate on white-collar office staff as being the 'workers' of the UK. So management-types are always paid crazy wages while the people that put the actual physical effort in are typically paid a pittance until redundancy, retirement or death. The shop floor workers seem to be almost universally treated as disposable assets in the UK, there's always more to be hired, so you've got no chance to improve your lot.

Brexit and Tories. Quite simple

As someone who has been working low end jobs and earning minimum wage (very close to minimum wage) since before 2010 I would have to point out that since the Tories took government they have increased the minimum wage at the lowest rate they possibly could (and yes, it is a minimum wage, not a living wage despite the lies from the government). This has been something that I have really felt since the pandemic and then the war in Ukraine sent prices spiraling as my pay rates have failed time and again to match inflation. I would estimate that between the start of the pandemic and now I have become 25-30% worse off in a financial sense.

I think part of it is that most other anglosphere countries like Canada USA and especially Australia value skilled labor jobs way more UK seems to suffer from credentialism really bad their classism is based on academic achievement it seems

What's really interesting is when you look at the UK minimum wage. If you include PPP adjustment, UK has the second highest hourly minimum wage in the world (just behind Luxembourg). The problem I believe we face is our dependence on Income as a tax revenue, rather than wealth. VAT, PAYE, Sin Tax, all hit your middle class. Things like dividend tax, land tax, corporation tax, forex transfer tax, capital gains tax are your upper-class taxes and are all much lower and in some cases are subsidized. Our tax system is like a person trying to extract water from a pond, by using different sized containers at different parts of the shore, believing it will somehow make a difference.

As one of the first so-called millennials, I've only been able to generate wage or income growth or credit interest here in the UK through entrepreneurial quaternary economic activity. This is unfortunate, because simply selling your time and energy as an employee is not a viable path to lasting prosperity?

One thing not mentioned in this video is the very poor health of the UK population which the COVID pandemic exposed. We have a sickly population with many people suffering long term health conditions who as a consequence cannot hold down a full time job, long covid contributing to that, and with furloughing and lockdowns, we have a load of people in their 50's and 60's who have decided staying at home is preferable to being a wage slave and have taken early retirement. If you add my perception/experience that many people in the UK, especially in the south of England, seem to go around in a dream world and are so damned slow and gormless (when you are driving on an urban main road away from the town centre with minimal traffic in front of you I shouldn't be able to keep up with you on a bicycle; no it should not take 15 minutes to put your screechy sprogs in the car), it is no wonder we have a productivity problem.

Fundamental problem is the system. A system where the executives have no limit on how much they can pay themselves more than the average worker in their company will inevitably lead to the execs chipping away their worker's pay to fill their pockets. Same problem in the usa, 60% of people in america live paycheck to paycheck. Studies show that an executive's salary is around 400 times that of an average worker in the same company/corporate. And don't even start about the CEOs, their pay is like infinitely more than an average worker. These executives decide everyone's pay, including their own, and there is no limit on how much they can pay themselves. So unless there is some limit put on it by force, this problem will continue to grow in majority of the world's countries. Especially usa and uk.

B-b-but I thought skyrocketing wage growth was the primary driving factor in UK inflation. British workers were asking for so much money in order to get off their lazy asses and do a day’s work, that they had too much money to throw around, causing all these annoying price rises. I’ve seen that argument in the commons, economics videos and the news. It must be true.

This loss of wages is govt policy.

Uk wealth depends more on real estate and more on inherited wealth compared to other similar economies.

Economy video, please. Given how the US & UK are parallel in this case, I’d be very interested.

bit of feedback on the "Income at various percentiles" graph. by having the three graphs next to each other but at different scales it becomes harder to compare. for example: as dutch citizen I was curious how the income growth compared here in the Netherlands. and at first glance you get the idea that each percentile has had about the same amount of growth. that was before i saw the different scales. I understand that you want to show the detail in each line and I have no issue with starting the y axis of the graph at a higher value. but the change in scale can make the graph misleading. not that I think that you wanted to mislead us! but that can be the effect with this design

A little bit of a nitpick but the graph shown at 05:50 shows data from 2021, not 2022. The Credit Suisse report is from 2022 but the data it covers is from 2021. Another criticism I want to give is towards the statement that the wealth equality is highest in Belgium among the EU countries according to this graph, however the graph is talking about the difference between median wealth and wealth per adult. And yes, for Belgium this is indeed 70%. But if we look at the net personal wealth share of the top 1% and bottom 50% for both UK and Belgium, these are respectively 21.3% and 4.3% for the UK and 15.0% and 7.0% for Belgium in the year 2021 as per the data of the World Inequality Database. Meaning the 1% in the UK have almost 5 times as much net wealth as the bottom 50% does, while for Belgium this is only 2.1 times. By this metric, not only is Belgium not more inequal then the UK, but is in the lower tier of all EU countries with several countries dwarfing this like Italy, Finland and Turkey where the top 1% has over ten times more net wealth then the bottom 50%. To say Belgium has the worst wealth inequality by this one metric alone is blatantly false.

Even compared to Hong Kong, Singapore, Australia and Dubai, the wage is in the UK is quite a lot lower.

I would definitely opt for a more detailed video on how to fix the economy, I was hoping you would do a vid on this report but i felt it fell a bit flat without a more detailed look at possible solutions

ofc we want a full video, merry Christmas to you all xx

How do you fix the UK's economy? Me: The average life span is only 80 years...There's simply not enough time 😂🤣

Thatcher and all her deciples since destroying the unions, its not difficult ti work out, lack of collective barganing means more value extracted by the owners

Regardless of political party, many in the UK have lost faith that the government and the civil service will stop the uncontrolled legal migration - note that is legal, the side of migration that we most have control over. The effects of uncontrolled migration are seen in: - increase of people on benefits. See the governments data of unemployment by ethnicity - despite the image fed to us, white British have the lowest unemployment rate compared to all other ethnicities. - artificially lowering the minimum wage due to an abundance of cheap imported labour. We have parts of the indigenous population that rely heavily on low paid low skilled jobs, and they are having to compete with people who are used to earning below the poverty level of Africa, Indian Subcontinent, Middle East etc - increase in house prices and rental prices - more building on our protected Green Belt land due to the housing pressure - more building on existing buildings and causing social tension as people live cheek by jowl. Legislation has been relaxed to encourage this in building. The UK already has some of the smallest homes, compared to Europe. - increase in violence and crime. There is a general increase, plus some which is specific to certain ethnicities. Knife (and machete) crime is more frequent, however whilst it captures the headlines, many other forms of crime, not typical to the indigenous population are flourishing. The Asian (Indian subcontinent) grooming gangs rap_ing/assaulting/drugging white children. - increased demand for extra policing, in the tens of thousands (look at the different police force's online wanted posters, there is a disproportionately higher number of foreign criminals, especially as a proportion of the population) - increased demand for prison officers, and prison buildings (look at the prison population, where there is again a disproportionately higher number of foreign criminals, especially as a proportion of the population). We are already releasing criminals early, and not imprisoning others, due to a lack of prison places! And the increase in taxes to pay for these. - increased demand on the judiciary. Our courts are blocked with massive queues, and everything is done to delay cases going to the CPS or going to court. We have a lack of staff and buildings. Very serious cases are rarely reaching the CPS or courts, or take years to go through the system. This causes a lack of justice, an increased risk to the population as criminals continue to live amongst us, and it encourages crime (justice needs to be swift to act as a deterrent). - the loss of our capital city London. It is now predominantly populated by people who self identify as belonging to an ethnic minority. You rarely hear English spoken! This will impact tourism - a quarter of a million people work in the tourism sector in London alone. - greater difficulty in seeing a healthcare professional, be it a GP, Consultant, or dentist - hospitals frequently declaring emergencies as their A&E queues of ambulances with patients stuck in them grow longer. Even hospitals, in areas with a vast majority of white British population, if you go to the A&E it will be full of people from the middle east, Indian subcontinent, and Africa. Often you won't hear English being spoken! - increased burden of disabled children, on healthcare, special education needs, and benefits (both for disability, and for the unemployed parents that stay at home caring for their disabled children), unnecessarily caused by cousin marriage, from people from the Indian subcontinent - lack of school and university places. Pressures to change what is being taught, to suit a minority religious population - the enormous congestion on all our roads. Even country lanes, which were once peaceful, have now become rat runs - religious and social tension, especially from ethnicities that are not interested in integrating - increased suffering of female children subjected to FGM and child marriage - increased distortion of UK elections, as women from the Indian subcontinent lose their vote to their husbands MORAL QUESTION - is it morally right to import cheap labour to be exploited? And what about those skilled migrants, eg nurses and doctors, that are actually needed in their own country. Is it morally right for the UK to benefit from poorer countries paying to educate and train skilled workers? MENTAL HEALTH BURDEN The effects of a lot of the above pressures, are seen in a rapid increase in mental health problems across all ages, but especially in the young working adults, adults who should if anything, be the most resilient of society. FINANCIAL BURDEN At Budget time in March 2024, the UK National Debt is estimated to be £2.70 trillion! BIRTH RATE FALSE THEORY Some people believe in the theory, that we need to import people because of our lower birth rate, and that there is certain work that we don't want to do. This ignores the fact that we need to increase productivity, especially with automation/robotics/AI (Artificial Intelligence), because other countries will certainly be investing in this, and all of these reduce job vacancies. Our population might not apply for very low paid jobs, eg picking fruit, or nursing the elderly, but that is because the rates of pay are ridiculously low. Pay a fair wage in an economy that doesn't tilt the table by importing cheap labour! WHAT CAY YOU DO? Please watch, action, and share this SW KZfaq video: A Parliamentary petition to suspend immigration to Britain for five years Regardless of if you think this will give the results that we need, it is important for people to see, that there are many others who share their concerns, and this is one very simple and quick way to do it. Many thanks, and don't forget to share👍

On the point of growth. How often does a company growing mean higher wages for the average worker these days? Also higher growth only means larger tax revenue if the company is paying it's taxes. I feel like a significant reason the country is getting worse is mega corporations are pushing smaller companies out of business whilst paying poor salaries and shipping the profits tax free out of the country. This only compounds each year the company operates, yes they have to spend that sterling back in the UK but they aren't investing it back into the business they're selling it for other currencies and then it's used to buy properties driving up the housing market

Austerity policies are not a good way to recover from a financial crisis. No way we could have seen this coming...

Persistently high immigration hasn't helped either. At the upper end of the job market it's been a massive boon for filling skill shortages, but there's been too many low skill migrants also coming in which has contributed to wage erosion and a lack of investment. From a business's perspective, why bother increasing wages at the bottom end or investing in automation when you can easily hire someone from abroad to do the job even more cheaply? And though they claim to profess the opposite, it's quite clear that high immigration is Tory policy to benefit their mates in business.

Less hours at work; 1 year paid maternity leave, work from home; 4 day week; safe spaces; more holidays; H&S excess; laziness and work shy; welfare too generous. Are some of the reasons for low productivity. And it's getting worse.

Great video 😊 and I love the jacket. And I'd love that full video on how to fix the economy

Give Well and similar US "target" based charity giving organisations look like the mean well but from someone who has worked on the ground are actually on of the most terrifying ideas you can imagine. Deciding the worth of lives and ignoring shiny car projects.

I'd like a video on how to fix the UK economy, particularly as we have an upcoming election next year. Many thanks and keep up the good work!

Thanks for the video

In the Netherlands we also get an extra months holiday pay in the summer. Also many get an extra month over Christmas......

The Westminster System presumes that strong political leadership solves a country’s problems rather than policy that sets good conditions for its residents. Countries under that system will always dabble in economic failure. Britain, Canada, Australia, New Zealand, and India might not always be in a crisis, but their political system ensures that they’re always creating them.

Its not an exaggeration to say the average US pay for my role is double in the US, rising to triple on occasions. Ive met new starters in the US on as much as 10 year experienced personal in the UK. Being a contractor in my industry in the UK is a no brainer. I increased my pay by 400% when i was made redundant and went freelance. In the US new starters are on about 60-70% of my freelance pay with a decade experience.

Nice job giving the source in the description. With page numbers

Just one advice for future videos, for any sort of charts please just write in brackets lower is better or higher is better to define your stats more clearly)

I think we need to increase companies' taxes, and when business owners remove money from the company, they are taxed at a high rate. On the other hand, have it when companies invest in themselves through mashenary or capital purchases, they get 100% tax relief. This will stimulate companies to invest in themselves more. Hopefully, this results in the growth of the company's Also, I don't know how but some form of tax advantages paying staff more. But not upper management. Encourage the owner to grow the company, not just take the money out of the company.

Why would the EU do this?

Inequality is rising in all countries. Also notice how the high incomes in Germany didn't drop like the medium and low income. Same goes for (inherited) wealth matters more than work. Scary. But of course with the UK Brexit and instability doesn't help.

Hate to say it but UK workers are also paid less than Australian workers 😅 that's probably why 1 Million English people have migrated to Australia over the past 10 years and probably the weather and beaches