The weekend beckons and so here is a new OPEN thread to see us off into the wild blue yonder! DETAIL their rancid bias here please!
18 October 2012
However last week we were told by the BBC that it was Brexit that had caused low productivity…..uncertainty meant that industry didn’t invest in new technology and training and so couldn’t up its game.
But wait there’s an answer…..the BBC’s answer is that…..more immigration….we should bring in more cheap labour which can produce the same or more for less money…therefore raise productivity, not by goods produced/man hour but goods produced/low wage….yep…more immigration. You couldn’t make it up.
Hmmm…that’s in fact what has been going on all along, importing cheap labour….and it has been caused by lack of investment and training. So far from Brexit causing low productivity and lack of investment, it is that refusal to invest in technology and training, preferring to import mass cheap labour instead, that helped to lead to Brexit.
The BBC has completely inverted cause and effect in order to try and blame Brexit for something that is not its fault in the slightest…how could it be when low productivity has been going on for many, many years?
Curiously the BBC website doesn’t go down the same route as its man on the radio did, blaming Brexit. The website in fact gives us the truth and gives the lie to years of BBC smoke and mirrors about immigration being good for the economy as they told us it meant the economy, GDP, grew…..growth in GDP is not the same as higher productivity which is how you actually grow wealth…
Here’s the answer. An economy is merely people and their economic activity (buying, selling, working, saving etc). So you can grow it without any improvements in productivity, by simply adding people to the workforce, be they EU migrant workers or pensioners choosing not to retire yet.
And that is what our economy has been doing – without improving the amount each worker produces. If you want to know why average wages haven’t improved much in the same period, flat productivity is a big part of the answer.
So the BBC finally admits mass immigration has not been beneficial to the economy and has in fact led to low wages….low wages another one regularly blamed on austerity by the BBC. The truth will out eventually.




