An interesting and well-balanced analysis. The problem is that although GDP is a mathematical index that certainly interests politicians, economists and civil servants, for the average person, reduced public services (access to healthcare, education) and higher rents will have a more direct and immediate impact on the quality of their daily lives. This seems to be a fundamental faultline of any mature and developed society relying on mass immigration. By the way, I would have thought that pensioners would be the most concerned by the abrupt rise in violent assaults in countries such as Sweden.
I think one of the good things about Brexit is that the companies are having difficulty hiring cheap labour, mainly those who work in hospitality and cleaning areas. Any person illegally before could fake EU documents to work here, now they have to prove with the Home office letter of settle status or pre settle to land the job. I've just had my experience in the cleaning field here in UK, I know not all companies are the same, but the culture on this workplaces from my experience looks like has always been of exploitation towards these workers on the cleaning trade, the managers abuses are enormous. I myself had many wrong payments dealt by manager maximing profits for their own benefit so they steal workers pay reducing salaries. They also never gives the annual leave, I had just resigned close to my second year employment in the company because I can't have a break at all. Now I want to see where they'll find cheap labour after my notice period of only one week and find someone who can work a place that used to work three people before me. I wish them good luck with all the dirty mess they'll have to deal till they find someone they can look down for that.
Also as developing economies develop and real wage growth gets going (note Slovakia), as the previously attractive developed economies head possibly into recession, the supply of immigrants those developed economies still need may well contract and there may be migration of skilled workers to those developing economies who need, and can pay for certain skills at certain levels.
Just a few updates on Canada 🇨🇦: 1. On October 26, 2022, Statistics Canada released data from the 2021 Census which shows that 23% of Canadians were born abroad. 2. On November 1, 2022, the Government of Canada published its Immigration plan for 2023-2025. Canada aims to welcome 465,000 new permanent residents in 2023, 485,000 in 2024 and 500,000 in 2025. (Canada’s immigration criteria are heavily based on skills.)
“Will machine replace us?” That’s an argument that has been around since industrialization began. As more machines were used to do the job of workers, labor gradually shifted from farming and manufacturing to the service sector, giving society and the economy time to adapt. That’s been going on for a couple of centuries. I don’t see why AI will be any different. It’s just the latest improvement in automation. Lots of hype around what AI actually is, what it can do and how fast it can develop. It has its applications and for sure it will boost productivity in the sectors where it can be used, but I don’t see AI replacing care workers, nurses, waiters, cleaners, gardeners, plumbers, construction workers, teachers, fruit pickers, shelf stackers, police, firefighters, lawyers, and so on, any time soon.
It is an interesting question. Japan are hoping AI will replace a lot of labour. But, in our retirement do we want to be cared for and surrounded by robots?
How many homeless people do we have in Britain? Is the priority not to sort this out first before causing even higher pressure on the housing we have ( on our great continent) ?
Homelessness isn't entirely caused by lack of housing. Most homeless people that I have encountered are mentally ill, and or drug addicts. Giving a homeless person a house will not fix their life, trying to subsidise the least capable in society is partially why the quality of the country is deteriorating.
@@fl-ri- Sorry but what? The 'quality' of the country is declining partially due to 'subsidising' the 'least capable' which are then supposedly the mentally ill and homeless? Have I misunderstood something? Maybe they wouldnt be suffering from serious mental illness with a stable secure and affordable roof over their heads? Perhaps also if they had access to the help they needed via properly funded mental health services they would be able to be far more capable with proper treatment. We wouldnt expect a person with a broken leg to run a marathon why expect someone with a broken mind to be 'capable'. A society has a responsibilty to its own most vulnerable members first and foremost. Otherwise it simply isnt a society or a nation at all. Infact since the establisment of the welfare state including social housing the UK experienced the greatest rise in living standards in our history. Since we started destroying that very welfare state over the past 40 years and especially over the past 12 years via a conga line shambles of tory goverments homeless has increased massively, child poverty has increased by sonething like 50% what it was in 2010, food bank usage has soared including among the even those working, our national debt has doubled and the country is being pretty much ran into the ground ...which would be the effect of 'subsidising' the least capable homeless and/or mentally ill? And the worst part? We do subsidise the most useless people in our society - rich prats.
@@porkyscratchins1303 No, the mentally ill and homeless are not well subsidised, and it should stay that way. What I meant by that remark is the underclass.
@@fl-ri- Out of interest why exactly should it stay that way? Who are the underclass? Your entitled to your opinion but I see no logic in it. Investing in ensuring a healthy fully housed population means a stronger nation. It worked before no reason I can see that it wouldnt work again. I'd much rather we prevent people becoming homeless and treat mental illness first before it become such a problem. That is unless paying public money to bail out failing banks and businesses, rewarding overpaid CEOs for abject failure is a better use of taxpayers money? Not to mention subsidising low pay for companies workers via in work benefits whilst those companies also use every trick in the book to dodge paying taxes themselves. Oh and also paying buy to let landlords mortgages for them via housing benefit. The largest group of benefits claimants after pensioners are working private renting people - it literally costs more to keep people down than it would to give them a leg up.
@@porkyscratchins1303 It's understandable that you don't understand, you have likely never actually interacted with anyone from the underclass. I would recommend two books if you are actually interested. "Life at the Bottom" by Theodore Dalrymple (Or you could just watch one of his many interviews on RU-vid). This book goes into the who and what of the underclass. Secondly "The past is a future country" by Prof Edward Dutton which goes into the why of the underclass, and also a possible future for our society.
Good economic analysis, but brexiteers are unable to understand such level of complexity. Many of the workers who saw a large increase in gross wages do not realize it is a short term effect. Regards from a fellow economist.
There is absolutely no need to insult those of us who made a choice to vote "Remain". Many remainers suffered verbal abuse. This is not even an insult. It is an statement reminding brexiteers that they didn't listen because they thought they were better, smarter, brighter and more intelligent like Farage. Those ex-brexiteers who do not claim "mea culpa" are still dreaming in the land of unicorns and bright uplands. There is no evil EU lurking in the dark. Brexit fantasies and those who still believe in them, and there are many, are living in a parallel universe. Welcome to Brexit reality... And there is plenty of it ahead because l doubt any sensible EU country will accept the UK to rejoin the club in the next 10, 20, 30, .... Years. After being a pain in the *ss who is unable to implement properly and in due course the protocols agreed in Nl. This is the harsh reality sir, unless one suffers from cognitive dissonance.
The gdp does not indicate house ownership or living wages and fair salaries nevermind working conditions as Japan is doing really well regardless by all but internal debt levels so what it can be paid off by their high family wealth as in vat income taxes.
