sage Posted July 19, 2023 Share Posted July 19, 2023 13 minutes ago, Ramarena said: For the G7 it's generally the opposite.............of course with the one outlier! Inflation Rate Unemployment Rate Canada: 2.8% 5% USA: 3% 3.6% Japan: 3.2% 2.6% France: 5.3% 7.1% Germany: 6.4% 5.6% Italy: 6.4% 7.6% UK: 7.9% 4% It's difficult to compare unemployment rates as all countries count the figures slightly differently. The UK are quite well known for their creative counting on this figure. Link to comment Share on other sites More sharing options...
Van der MoodHoover Posted July 19, 2023 Share Posted July 19, 2023 2 minutes ago, sage said: It's difficult to compare unemployment rates as all countries count the figures slightly differently. The UK are quite well known for their creative counting on this figure. I thought our ONS started calculating an "economically inactive" ratio as well but perhaps that didn't catch on. Our rate is the benefit claimant rate. Which since we impose rules to restrict/deny benefits in all sorts of circumstances, is a very poor proxy measure. sage 1 Link to comment Share on other sites More sharing options...
G STAR RAM Posted July 19, 2023 Author Share Posted July 19, 2023 5 hours ago, Stive Pesley said: Oh you and your empathy There are 2 types of people. Those empathetic idiots who think "I will be fine but I worry about others less fortunate" and those kindly souls who simply think "I will be fine and I not only don't care about those less fortunate, I also don't care if this attitude makes me look like a monster" And you know what, both people are most likely contributing exactly the same amount to helping the less fortunate out. I've been called out for not showing empathy on here many times before but, like you say, I really don't care. I do my bit to help the less fortunate where I can but don't really see the point of going on an internet forum to tell people about it. Link to comment Share on other sites More sharing options...
Ramarena Posted July 19, 2023 Share Posted July 19, 2023 43 minutes ago, sage said: It's difficult to compare unemployment rates as all countries count the figures slightly differently. The UK are quite well known for their creative counting on this figure. Indeed, that’s a fair point, although we can only go on the data given. My point was more along the lines of the link between a low employment rate meaning a higher inflation rate, isn’t always the case, as the poster was suggesting. sage 1 Link to comment Share on other sites More sharing options...
Stive Pesley Posted July 19, 2023 Share Posted July 19, 2023 1 hour ago, G STAR RAM said: I do my bit to help the less fortunate where I can but don't really see the point of going on an internet forum to tell people about it. he does a but he doesn't like to talk about it Grumpy Git and Comrade 86 2 Link to comment Share on other sites More sharing options...
G STAR RAM Posted July 20, 2023 Author Share Posted July 20, 2023 7 hours ago, Stive Pesley said: he does a but he doesn't like to talk about it Nah very rarely give to charity, alot of them are organisations that have people who like to pretend their empathetic too whilst creaming off huge salaries. At the end of the day when empathy starts paying bills then I'll join your crusade, until then I'll find public displays of it a bit of a self back patting exercise. Link to comment Share on other sites More sharing options...
PistoldPete Posted July 20, 2023 Share Posted July 20, 2023 9 hours ago, Ramarena said: For the G7 it's generally the opposite.............of course with the one outlier! Inflation Rate Unemployment Rate Canada: 2.8% 5% USA: 3% 3.6% Japan: 3.2% 2.6% France: 5.3% 7.1% Germany: 6.4% 5.6% Italy: 6.4% 7.6% UK: 7.9% 4% That doesn't show the opposite at all. We have the highest inflation of Europe G7 and the lowest unemployment. We also have lower rates of economic inactivity than the EU. The US has lower inflation as it is not affected by cost of oil imports. Link to comment Share on other sites More sharing options...
Ramarena Posted July 20, 2023 Share Posted July 20, 2023 5 hours ago, PistoldPete said: That doesn't show the opposite at all. We have the highest inflation of Europe G7 and the lowest unemployment. We also have lower rates of economic inactivity than the EU. The US has lower inflation as it is not affected by cost of oil imports. Glad you finally agree that the unemployment rate does not always dictate the inflation rate. Link to comment Share on other sites More sharing options...
PistoldPete Posted July 20, 2023 Share Posted July 20, 2023 1 hour ago, Ramarena said: Glad you finally agree that the unemployment rate does not always dictate the inflation rate. I didn’t say that it did. I said it was a factor. The biggest factor affecting UK inflation right now is fuel prices… but that they are now working their way through and inflation is coming down. Link to comment Share on other sites More sharing options...
sage Posted July 20, 2023 Share Posted July 20, 2023 1 hour ago, PistoldPete said: I didn’t say that it did. I said it was a factor. The biggest factor affecting UK inflation right now is fuel prices… but that they are now working their way through and inflation is coming down. Why do you think inflation is lower than in other G7 countries when we produce good amount of oil and gas? Link to comment Share on other sites More sharing options...
PistoldPete Posted July 20, 2023 Share Posted July 20, 2023 1 minute ago, sage said: Why do you think inflation is lower than in other G7 countries when we produce good amount of oil and gas? Due to our dysfunctional pricing mechanism for fuel. GB SPORTS 1 Link to comment Share on other sites More sharing options...
TimRam Posted July 20, 2023 Share Posted July 20, 2023 6 minutes ago, sage said: Why do you think inflation is lower than in other G7 countries when we produce good amount of oil and gas? Lack of gas storage. sage 1 Link to comment Share on other sites More sharing options...
Ramarena Posted July 20, 2023 Share Posted July 20, 2023 3 hours ago, PistoldPete said: I didn’t say that it did. I said it was a factor. The biggest factor affecting UK inflation right now is fuel prices… but that they are now working their way through and inflation is coming down. You’re right…….I must have imagined it! 19 hours ago, PistoldPete said: Uk rate assuming you are referring to benefit claimants is 4%. Both rates are higher in reality, but do you not see why Spain might have lower inflation than we do, with unemployment at over three times our rate? Link to comment Share on other sites More sharing options...
PistoldPete Posted July 20, 2023 Share Posted July 20, 2023 2 hours ago, Ramarena said: You’re right…….I must have imagined it! Keep up the Strawman arguing. There’s quite a lot of that on this forum. Ramarena 1 Link to comment Share on other sites More sharing options...
G STAR RAM Posted July 20, 2023 Author Share Posted July 20, 2023 4 hours ago, sage said: Why do you think inflation is lower than in other G7 countries when we produce good amount of oil and gas? Profiteering by the huge multi national corporations and supermarkets. Price movements in wholesale markets have not been reflected in retail prices. Link to comment Share on other sites More sharing options...
sage Posted July 20, 2023 Share Posted July 20, 2023 6 minutes ago, G STAR RAM said: Profiteering by the huge multi national corporations and supermarkets. Price movements in wholesale markets have not been reflected in retail prices. Why does that not happen in other countries? They have multi nationals and supermarkets. Link to comment Share on other sites More sharing options...
G STAR RAM Posted July 20, 2023 Author Share Posted July 20, 2023 44 minutes ago, sage said: Why does that not happen in other countries? They have multi nationals and supermarkets. Because we have a Government that have, at worst failed to act but more likely encouraged banks and multi nationals to profiteer at the expense of its citizens. Stive Pesley 1 Link to comment Share on other sites More sharing options...
sage Posted July 20, 2023 Share Posted July 20, 2023 20 minutes ago, G STAR RAM said: Because we have a Government that have, at worst failed to act but more likely encouraged banks and multi nationals to profiteer at the expense of its citizens. Well it's hard to disagree with that. Particularly private monopolies. Link to comment Share on other sites More sharing options...
Grumpy Git Posted July 20, 2023 Share Posted July 20, 2023 21 minutes ago, G STAR RAM said: Because we have a Government that have, at worst failed to act but more likely encouraged banks and multi nationals to profiteer at the expense of its citizens. ....... usually well lubricated by a political donation or three. Link to comment Share on other sites More sharing options...
Ramarena Posted July 20, 2023 Share Posted July 20, 2023 On 19/07/2023 at 14:43, Stive Pesley said: Don't let him off by rounding it up! He talks mince Looks like you we're right! Link to comment Share on other sites More sharing options...
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