This Could Be The Biggest Recession Since The 1930s

[Anna B 1,401]

There's a lot of very disillusioned people out there who are finding it very difficult to get back on track.

 

I think that just like we had the war generation, whose lives were shaped and formed by their wartime experiences, (generally in a positive way in that they became a tough, innovative and forward looking,) this generation will be  scarred by the 'Great Pandemic.' 

They have had time to think and lost Trust in the Establishment. They're disappointed with their lives and realised that 'success' is either out of reach or not worth the price. They have become more cynical about the future. 

 

I don't know what the answer is. We could all do with some good news, and something to look forward to,  but it seems it's  wall to wall bleak.

Edited August 5, 2022 by Anna B

[Thorpist 72]

The biggest asset any country has is the people. For years this country has taken skilled workers from other Countries to work in our economy because it’s cheaper than training our own people.

 This in turn meant companies the NHS etc didn’t spend money on training and the infrastructure to train them.  
We are now in a mess because chasing the quick buck was what was encouraged by the government’s of the past 30 years. 
Education ,Education, Education the mantra of Tony Blair, it’s a pity it was not training,training, training. 
it used to be that during training for skills it had an element of education in other areas of society turning out well rounded skilled people.

We have now lots of vacancies for skilled people because older members of society who saved a bit are now deservedly enjoying the fruits of their labour. 
Many things now are considered essential rather than luxuries as we have become an instant gratification society and we expect someone else to see to our needs.

Yes there are people in need and struggling and these should be helped ,but we have far too many who go through life thinking that spending what they haven’t got is fine and things will be fine.

Taking a holiday payed for by credit cards that is not paid off is lunacy.

 

[crookesey 631]

I suppose that if we try hard enough we could talk ourselves into a recession, the Russians think that they have started WW111, however it’s failed to kick off. My optimistic view is that there will be a break through, sooner rather than later, after all folk had bog all to loose in the 30’s.

[Mr Bloke 1,445]

4 hours ago, Thorpist said:

The biggest asset any country has is the people. For years this country has taken skilled workers from other Countries to work in our economy because it’s cheaper than training our own people.

 This in turn meant companies the NHS etc didn’t spend money on training and the infrastructure to train them.  
We are now in a mess because chasing the quick buck was what was encouraged by the government’s of the past 30 years. 
Education ,Education, Education the mantra of Tony Blair, it’s a pity it was not training,training, training. 
it used to be that during training for skills it had an element of education in other areas of society turning out well rounded skilled people.

We have now lots of vacancies for skilled people because older members of society who saved a bit are now deservedly enjoying the fruits of their labour. 
Many things now are considered essential rather than luxuries as we have become an instant gratification society and we expect someone else to see to our needs.

Yes there are people in need and struggling and these should be helped ,but we have far too many who go through life thinking that spending what they haven’t got is fine and things will be fine.

Taking a holiday payed for by credit cards that is not paid off is lunacy.

 

Hmmm...

And this is a good point that many 'youngsters' seem to have trouble getting their heads around.

The 'older' workforce has been keeping the country afloat for many years, and supporting the 'youngsters' chosen 'lifestyles'.

Now us 'oldies' are reaching retirement age, there are fewer of us to keep the country afloat, and we're beginning to see the consequences...

... and as the years pass, things will only get worse!

[Magilla 510]

2 hours ago, Mr Bloke said:

The 'older' workforce has been keeping the country afloat for many years, and supporting the 'youngsters' chosen 'lifestyles'.

Contrived nonsense.

 

Quote

Now us 'oldies' are reaching retirement age, there are fewer of us to keep the country afloat, and we're beginning to see the consequences...

... and as the years pass, things will only get worse!

Couldn't disagree more, 'oldies' have had it easy by comparison to the prospects for many of today's youngsters IMHO.

 

Affordable housing, decent job security, a relatively young population and a working welfare state...

 

...your "consequences" aren't a result of actions by the youngsters, they're a product of the selfishness and incompetence of the oldies.

 

As a middle aged person working in a new and predominantly 'youngster' driven industry, I can assure you there's nothing wrong with the kids of today. They're hard working, bright, intelligent, resourceful, innovative, ambitious and most of all, pay a shed load of tax.

 

Given the ageing population, they're doing their bit to "keep the country afloat" more than many oldies ever did.

Edited August 6, 2022 by Magilla

[Mr Bloke 1,445]

6 minutes ago, Magilla said:

Contrived nonsense.

 

Couldn't disagree more, 'oldies' have had it easy by comparison to the prospects for many of today's youngsters IMHO.

 

Affordable housing, decent job security, a relatively young population and a working welfare state...

 

...those consequences aren't a result of actions by the youngsters, they're a product of the selfishness and incompetence of the oldies.

 

As a middle aged person working in a new and predominantly 'youngster' driven industry, I can assure you there's nothing wrong with the kids of today. They're hard working, bright, intelligence, resourceful, innovative, ambitious and most of all, pay a shed load of tax.

 

Given the ageing population, they're more than doing their bit to "keep the country afloat" than many oldies ever did.

Thanks!

That does kind of prove my point!

 

[Magilla 510]

3 minutes ago, Mr Bloke said:

Thanks!

That does kind of prove my point!

 

Cool storey bro... Why don't you explain, precisely, how it does that?

Edited August 6, 2022 by Magilla

[Gormenghast 58]

23 minutes ago, Magilla said:

Couldn't disagree more, 'oldies' have had it easy by comparison to the prospects for many of today's youngsters IMHO.

 

Affordable housing, decent job security, a relatively young population and a working welfare state...

 

 

Yes, we remember those times...

 

15% interest rates, unemployment, winter of discontent, strikes, the 3 day week, electricity rationing.

 

They were the good times. 

[Magilla 510]

15 minutes ago, Gormenghast said:

Yes, we remember those times...

 

15% interest rates, unemployment, winter of discontent, strikes, the 3 day week, electricity rationing.

 

They were the good times. 

Well then you can console yourself that under the stewardship of the oldies it's looking very much like a return to that, along with all the other things too...

Edited August 6, 2022 by Magilla

[Anna B 1,401]

56 minutes ago, Magilla said:

Contrived nonsense.

 

Couldn't disagree more, 'oldies' have had it easy by comparison to the prospects for many of today's youngsters IMHO.

 

Affordable housing, decent job security, a relatively young population and a working welfare state...

 

...your "consequences" aren't a result of actions by the youngsters, they're a product of the selfishness and incompetence of the oldies.

 

As a middle aged person working in a new and predominantly 'youngster' driven industry, I can assure you there's nothing wrong with the kids of today. They're hard working, bright, intelligent, resourceful, innovative, ambitious and most of all, pay a shed load of tax.

 

Given the ageing population, they're doing their bit to "keep the country afloat" more than many oldies ever did.

Most of us oldies started work at 15 or 16 and have worked solid for 40+ years. Our expectations were lower and we were satisfied with less. Life was simpler. We worked, got married, had kids, and took care of them, and paid a shed load of tax too, for most of us that was about it. All the advantages you mention (highlighted) were fought for and won by these people, with the help of the Unions, and Labour governments because we took an interest in politics and voted for them.

 

My earlier years in the 70's were spent protesting for equal pay and women's rights, again hard won, but you are enjoying the benefits of that and have choices we only dreamed of. (I also fought for home carers ie housewives and mothers to get an adequate payment for their toil paid for by husbands set in law. But that one failed, although we did get a rise in family allowance...)

 

But like everything else there are consequences. Remember these benefits not only have to be won but protected and maintained.  That they have slipped is not the fault of the older generation, but the younger one, and the coming of free market economics and Neoliberalism, (sorry but it's true,) We are seeing the devastating results which have been a long time coming but were predicted right from the start. We have seen a deliberate intent to 'roll back the state' and reduce the power of the people to a tick in a box once every 5 years, so we couldn't interfere with their big business plans, and now there is no difference between the parties anyway. 

 

I fought against it but where were you?

 

Edited August 6, 2022 by Anna B

[Gormenghast 58]

58 minutes ago, Magilla said:

They're hard working, bright, intelligent, resourceful, innovative, ambitious and most of all, pay a shed load of tax.

 

 

But dont seem to be having much effect do they, these bright, intelligent resourceful ambitious people. youngsters ?

Edited August 6, 2022 by Gormenghast

[Magilla 510]

2 minutes ago, Anna B said:

I fought against it but where were you?

Did you really though Anna, or at some point did you decide to draw up the drawbridge on many of the privileges you enjoyed that no longer exist for many youngsters...

 

...didn't you vote for the biggest roll back of rights for UK citizens in living memory that is Brexit?