Why market socialism is a viable alternative to neoliberalism.
Book Review: Left Without a Future? Social Justice in Anxious Times
This graph shows wholesale energy costs are not the reason our bills have been going up
(not satire)
Here’s a graph which clearly shows that since 2008 wholesale energy costs have actually gone down while typical household bills have gone up by as much as 80%:
So it’s wrong to say our electricity and gas bills keep going up because of rising wholesale costs.
In fact not so much wrong as a downright lie.
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Related articles by Tom Pride:
Oh dear – look what Ed Davey was saying about nuclear power before he became a minister
Lib Dems and Tories have just agreed higher UK electricity bills for the next 35 years
Coalition split after Tory minister says UK ‘peppered’ with too many wind-powered Lib Dem MPs
Controversial urine extraction method given go-ahead by government
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Please feel free to comment – you don’t need to register and I’m extremely minimal with the moderating.
If the economy is in recovery, why does it still feel like recession?
No doubt Gideon George Osborne will spend the next few days (if not weeks and months) crowing about the figures from the Office for National Statistics that say the British economy has grown for a third successive quarter.
He has already tweeted, “This shows that Britain’s hard work is paying off & the country is on the path to prosperity.”
The construction industry has grown by 2.5 per cent on the previous quarter, with house builders buoyed up by Gideon’s Help to Buy scheme, which offers (unsupported) mortgage guarantees to buyers and lenders. He has promised to divert £12 million to this, but has not said where he will find the money.
Critics have warned that this is simply creating another housing-fuelled debt bubble that will burst in a couple of years’ time, leaving even more people in debt than after the financial crisis hit us all.
Has this growth…
View original post 495 more words
Minimum wage earners face struggle to climb career ladder
Thinktank finds that many people – mainly women – are getting stuck on the minimum wage
Women, part-time workers and those in wholesale and retail roles are most likely to remain on the minimum wage. Photograph: Ricky John Molloy/Getty Images
Nearly a quarter of those on the national minimum wage have been stuck on the rate for at least five years, suggesting the minimum wage is danger of becoming a permanent rate for some, rather than a floor as first envisaged by its founders.
The findings by the Resolution Foundation thinktank are part of a picture being developed of the kind of people – mainly women – who are finding the minimum wage turns into a job for life rather than the first rung on the career ladder.
There are also signs that more people are being clustered close to the minimum wage. A new briefing paper by the thinktank says that 1.9 million people (7.6% of all employees) earned within 25p of the minimum wage in 2012, twice the proportion in 2002. The wage rose to £6.31 this month, but all three main parties are looking at ways in which the rate can be lifted over time or in specific sectors. The latest findings will help those pressing the case for reform.
The Resolution Foundation suggests that 320,000 people have been in the UK’s minimum wage labour market for at least five years, only ever having held minimum wage jobs in that period. This is equivalent to 17% of all employees who are paid at the minimum rate.
Viewed over a longer time period, 140,000 people or 7% of all current minimum wage earners have been in the labour market for at least 10 years. About 90,000 people have been earning close to the legal minimum since the policy was introduced in 2002. This means that 5% of minimum wage earners have been unable to move above the first rung of the earnings ladder in the preceding 13 years.
The report also shows that 73% of all those who have only held minimum wage jobs in the past five years are women and suggests the crucial fork in the road comes when someone reaches their mid thirties. If they fail to break out of low pay at this point, they may not be able to do so later.
The report concludes: “For parts of the UK’s minimum wage workforce – in particular women, part-time workers and those who ended up or remained in wholesale and retail roles – the minimum wage has been a reality for an extended period of time”.
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