(don’t live in the UK) but I guess it’s cool for a bank to gather and make billions, and then tell the citizens to just be ok with less money. “We can’t do anything about it we just hold money.”
Sounds like a guy who has no idea that just living your life as a poor person and having to deal with all the shit that goes along with it IS acceptance of the fact you are poor.
>”Somehow in the UK, someone needs to accept that they’re worse off and stop trying to maintain their real spending power by bidding up prices, whether through higher wages or passing energy costs on to customers etc,” he told the Beyond Unprecedented podcast from Columbia Law School.
>”What we’re facing now is that reluctance to accept that, yes, we’re all worse off and we all have to take our share; to try and pass that cost onto one of our compatriots and saying: ‘We’ll be alright, but they will have to take our share too’.
>”That pass-the-parcel game that’s going on here, that game is one that’s generating inflation, and that part of inflation can persist.”
He is blaming both sides but somehow forgetting normal people don’t have the buying power or ability to leverage capital the way large businesses do, not to mention individuals can’t deduct basic life expenses from revenue to reduce taxable income. Also, you know, people trying to survive vs large businesses trying to make profits.
Such an ignorant statement from that BoE economist.
Everyone should charge precisely what they feel like. Costs more to make or do? Then let the price reflect that. It’s up to the market then to decide whether or not to accept the price. Yes? Then the price-setter gets to stay in business. No? Then the price-setter needs to find something else to do or lower the price.
The economist’s statement is saying “make it cheaper for me, I don’t care if you go hungry, unclothed and unhoused in your efforts to cater to me”. No dude, vote with your wallet like all the rest of us. You, mr economist, don’t work for free and neither should anyone else.
EvilFroeschken says
Yes, people. If you don’t have bread, just eat cake.
rmay14444 says
(don’t live in the UK) but I guess it’s cool for a bank to gather and make billions, and then tell the citizens to just be ok with less money. “We can’t do anything about it we just hold money.”
Katana1369 says
Those annoying workers who want fair pay are making it hard for corporate greed.
SmittyFjordmanjensen says
Sounds like a guy who has no idea that just living your life as a poor person and having to deal with all the shit that goes along with it IS acceptance of the fact you are poor.
Youngworker160 says
Lol. What a response, your poor and we will not tax the rich that stole your wages.
Nice job England
HarryHacker42 says
Huw Pill is paid £340,000 per year and told people to get over being paid fairly.
Fuck Huw Pill!!
Bubbagin says
Yeah! People need to just cut back on excessive luxury purchases like bread, fuel and heating in their homes!
TheNewAi says
People need to accept that the insatiable greed of the rich is and will continue to lower the level of the quality of their lives.
kazzin8 says
>”Somehow in the UK, someone needs to accept that they’re worse off and stop trying to maintain their real spending power by bidding up prices, whether through higher wages or passing energy costs on to customers etc,” he told the Beyond Unprecedented podcast from Columbia Law School.
>”What we’re facing now is that reluctance to accept that, yes, we’re all worse off and we all have to take our share; to try and pass that cost onto one of our compatriots and saying: ‘We’ll be alright, but they will have to take our share too’.
>”That pass-the-parcel game that’s going on here, that game is one that’s generating inflation, and that part of inflation can persist.”
He is blaming both sides but somehow forgetting normal people don’t have the buying power or ability to leverage capital the way large businesses do, not to mention individuals can’t deduct basic life expenses from revenue to reduce taxable income. Also, you know, people trying to survive vs large businesses trying to make profits.
WorldsAreNotEnough says
Such an ignorant statement from that BoE economist.
Everyone should charge precisely what they feel like. Costs more to make or do? Then let the price reflect that. It’s up to the market then to decide whether or not to accept the price. Yes? Then the price-setter gets to stay in business. No? Then the price-setter needs to find something else to do or lower the price.
The economist’s statement is saying “make it cheaper for me, I don’t care if you go hungry, unclothed and unhoused in your efforts to cater to me”. No dude, vote with your wallet like all the rest of us. You, mr economist, don’t work for free and neither should anyone else.
SimonArgent says
I wonder how much this economist is paid each year.
Toadman005 says
All part of the Reset.
​
“You will own nothing, and be happier”.
DaveOJ12 says
Stop reposting this
r/nottheonion/comments/12yogwr/britons_need_to_accept_theyre_poorer_says_bank_of/