Saturday, December 10, 2016

Tim Wallace — CBI: We need immigrants in the UK because young Britons won’t move to get jobs


I'm guessing the UK will get its Donald Trump soon enough. Nigel Farage?

Remind me, but in a market economy when there are idle resources available isn't price supposed to be the incentive that brings everything into equilibrium. Maybe they need to increase the wage where domestic workers available and needed.

The Telegraph
CBI: We need immigrants in the UK because young Britons won’t move to get jobs
Tim Wallace

4 comments:

Matt Franko said...

"when there are idle resources available isn't price supposed to be the incentive that brings everything into equilibrium."

Maybe in a closed system Tom...

Tom Hickey said...

The last election was about closing the system to immigration. If that doesn't happen, Farage will be back.

Ryan Harris said...
This comment has been removed by the author.
Postkey said...

Do prices allocate resources?

"The unit labour cost position of the manufacturing industry in the United Kingdom has fluctuated considerably in the past decades. The marked improvement between 2007 and 2009 is attributable to the depreciation of the British pound, though this didn’t have a notable impact on the country’s export performance."
"The considerable improvement of the US unit labour cost position between 2001 and 2008 is primarily the result of the devaluation of the dollar. Yet even without this factor, unit labour costs in the USA would have seen a favourable decline. Nevertheless, the country’s export performance took a negative turn."
http://www.iwkoeln.de/__extendedmedia_resources/277035/index.en.html