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UK: It is floating, err, sinking
  • Vitaliy_KiselevVitaliy_Kiselev

    The specialist recruitment agency’s study of 2,000 employees across British business of all sizes also revealed that 53pc of all UK staff believe their job is the work of 1.4 people – the equivalent of working a seven-day week – up from 45pc last year. And a close-to-breaking point 22pc say their job requires the efforts of two or more people.

    http://www.telegraph.co.uk/finance/jobs/10350780/Half-of-all-staff-say-they-cant-work-any-harder.html

    yet

    Brits are producing 2.6pc less output per hour than at the start of 2008.
    More starkly, the country is producing 12.8pc less than would have been the case if the growth in productivity before the crisis had continued.

    http://www.dailymail.co.uk/money/comment/article-2393757/RUTH-SUNDERLAND-Productivity-puzzling.html

  • 12 Replies sorted by
  • itimjimitimjim

    It's quite obvious really. Quality at 140% is not executed at the same level of quality at 100%. Output is going to be down when the system is inefficient.

  • Vitaliy_KiselevVitaliy_Kiselev

    Quality at 140% is not executed at the same level of quality at 100%. Output is going to be down when the system is inefficient.

    I am slightly confused in understanding that you mean here. All I can agree is that system is inefficient and numbers just tell that it becomes more inefficient despite increased pressure on workers. If you go back to UK related posts and charts you can even see exact reason for this.

  • Vitaliy_KiselevVitaliy_Kiselev

    On Thursday, energy industry sources, including one of the "big six" energy suppliers, said they were being asked by the government to make a commitment not to raise prices - on the basis of government policies - until the middle of 2015.

    Just LOL.

  • Vitaliy_KiselevVitaliy_Kiselev

    UK had rapid rise in the price of energy: gas, up 21%; electricity, up 25%; road fuels, up 29%. They have accounted for the majority of the rise in the UK's consumer prices of 14% in the past four years.

    The Office for National Statistics estimates that the share of household income going on "essentials" is up from 28% in 2003 to 36% now.

    And now they ask about strange drop in camera sales :-)

  • andyharrisandyharris

    Less people doing the same work under more regulation. It sometimes seems that conforming to regulation takes 40% of the time.

    If I do video work in an office I have to do a risk assessment and then a health and safety presentation to everyone who might pass through the area, which means rounding those people up and wasting their time as well. I'm sure that in other countries they would just get on with the work.

  • Vitaliy_KiselevVitaliy_Kiselev

    Less people doing the same work under more regulation. It sometimes seems that conforming to regulation takes 40% of the time.

    In fact regulation is not the source the problem. All regulations and jobs created for them are made for fiat money to reduce unemployment. I call it worldwide parasites spreading phenomenon.

    Real reason in different, check posts about UK.

  • Vitaliy_KiselevVitaliy_Kiselev

    Things are really bad:

    Households are pulling money out of their savings accounts at the fastest rate in modern record, according to Bank of England figures.

    In the past year, families have withdrawn £23bn from their long-term savings accounts to convert into cash and put into current accounts - the equivalent of around £900 for every household in the country.

    It is the most dramatic evidence yet that Britons are paying for the rising cost of living by raiding their savings accounts.

    http://uk.news.yahoo.com/households-raid-savings-record-rate-070446632--finance.html

  • Vitaliy_KiselevVitaliy_Kiselev

    Computer giant Hewlett-Packard is set to cut more than 1,000 jobs in the UK as part of a global downsizing, the company announced today.

    More than 600 jobs could be lost at the group's Bracknell site, close to 500 at Warrington and 23 at Sheffield, according to the union, adding that the computer maker has become "addicted to a culture of job cuts".

    http://www.independent.co.uk/news/business/news/hewlettpackard-to-axe-1124-jobs-in-uk-8983408.html

  • Vitaliy_KiselevVitaliy_Kiselev

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    Of course, they'll tell that monetary injections must be increased and it'll save us... Huh...

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  • Vitaliy_KiselevVitaliy_Kiselev

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  • Vitaliy_KiselevVitaliy_Kiselev

    Hundreds of businesses could be paid to switch off their power between 4pm and 8pm on winter weekdays as soon as next winter to prevent blackouts, under plans approved by regulator Ofgem.

    Progress.

    http://www.telegraph.co.uk/finance/newsbysector/energy/10528157/Hundreds-of-businesses-to-be-paid-to-switch-off-to-prevent-blackouts.html

  • Vitaliy_KiselevVitaliy_Kiselev

    Barclays is set to cut more than a quarter of the staff in its investment banking arm as part of a radical overhaul of the lender that will also lead to the closure and disposal of its entire European retail business.

    About 7,000 staff employed by the old Barclays Capital division will lose their jobs. Overall, Barclays said it had increased its redundancy target for this year to 14,000

    Improvements continue.

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