tag:blogger.com,1999:blog-2761684730989137546.post265908065591114156..comments2024-03-28T20:28:01.733-04:00Comments on Mike Norman Economics: Tim Wallace — CBI: We need immigrants in the UK because young Britons won’t move to get jobsmike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-2761684730989137546.post-34289802855503320692016-12-11T03:28:34.934-05:002016-12-11T03:28:34.934-05:00Do prices allocate resources?
"The unit labo...Do prices allocate resources?<br /><br />"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."<br />"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."<br />http://www.iwkoeln.de/__extendedmedia_resources/277035/index.en.html<br /><br />Postkeyhttps://www.blogger.com/profile/11747509012748106827noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-73943240505068630072016-12-10T16:05:52.855-05:002016-12-10T16:05:52.855-05:00This comment has been removed by the author.Ryan Harrishttps://www.blogger.com/profile/04815033054435303399noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-31277652279397271882016-12-10T15:42:57.799-05:002016-12-10T15:42:57.799-05:00The last election was about closing the system to ...The last election was about closing the system to immigration. If that doesn't happen, Farage will be back.Tom Hickeyhttps://www.blogger.com/profile/08454222098667643650noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-61177742804567458312016-12-10T14:51:16.691-05:002016-12-10T14:51:16.691-05:00"when there are idle resources available isn&..."when there are idle resources available isn't price supposed to be the incentive that brings everything into equilibrium."<br /><br />Maybe in a closed system Tom...Matt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.com