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BBCNEWS Dateline London October 11, 2021 02:34:00 - Vimarsana News

BBCNEWS Dateline London October 11, 2021 02:34:00

And to change that you need massive investment in training, infrastructure, and the government at the moment doesn't have lots of money. so at the moment it's voodoo econometrics. we heard the prime minister say supply chain problems are temporary. i noticed on friday he appointed a new adviser. a supply chain adviser. in a sense, he has a point, doesn't he? in a properly functioning economy, if there is a shortage of labour, employers respond by improving working conditions and increasing wages. that's true. if it is properly functioning. but i think marc's point is right. this happens more o...

BBCNEWS Dateline London October 10, 2021 10:35:00 - Vimarsana News

BBCNEWS Dateline London October 10, 2021 10:35:00

That is the fruit picker or the vegetable picker, the butchers or the driver, and to change that you need massive investment in training, infrastructure, and the government at the moment doesn't have lots of money. so at the moment it's voodoo econometrics. we heard the prime minister say supply chain problems are temporary. i noticed on friday he appointed a new adviser. a supply chain adviser. in a sense, he has a point, doesn't he? in a properly functioning economy, if there is a shortage of labour, employers respond by improving working conditions and increasing wages. that's true. if it i...

BBCNEWS Dateline London October 10, 2021 01:34:00 - Vimarsana News

BBCNEWS Dateline London October 10, 2021 01:34:00

Voodoo econometrics. we heard the prime minister say supply chain problems are temporary. i noticed on friday he appoint a new adviser. a supply chain adviser. in a sense, he has a point, doesn't he? in a properly functioning economy, if there is a shortage of labour, employers respond by improving working conditions and increasing wages. that's true. if it is properly functioning. but i think marc's point is right. this happens more over the medium and long term, not immediately. and i know we can't speak the b word, brexit. we have to blame everything on covid. but both are disruptors in the...

BBCNEWS Dateline London October 9, 2021 10:34:00 - Vimarsana News

BBCNEWS Dateline London October 9, 2021 10:34:00

Fair assessment? it is economically illiterate because what _ fair assessment? it is economically illiterate because what he - fair assessment? it is economically illiterate because what he wants i fair assessment? it is economically illiterate because what he wants to | illiterate because what he wants to do is replace a model, an economic model, based on low wages, low productivity and massive emigration, by a future model based on high wages, based on high productivity, and also limited immigration, mostly skilled. you can't do that short—term or medium—term, and there's another problem...