andrewducker (
andrewducker) wrote2011-12-22 11:00 am
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Interesting Links for 22-12-2011
- The Silliest Things said to a group of SF editors, writers and academics
- Building new London homes is cheaper than providing temporary housing
- All publicly-funded research data should be made freely accessible says UK government
- No payouts for damage during the summer "riots". Because they weren't riots. Apparently.
- Dog+Ducks=CUTE
- The biology behind severe PMS
- Judge says extradition from US quicker than from UK
- A fantastic teacher shows her class that they don't have to conform to gender roles
- Stupid Things the British Believe About Americans (and vice versa)
- Microsoft Bringing HTML5 and JavaScript to Office 15
- What really caused the eurozone crisis?
- Want to know if you're depressed? Look at a picture of your mother.
While lying in an MRI scanner, of course.
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The UK, on the other hand, is saved from lowering wages because we can just inflate/devalue our way out of it.
Other Euro countries, on the other hand, not so much.
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Hahahaha!
Wages in the UK went down 3.5% in the last year, and from memory they were down the year before as well, and possibly the one before that too. See e.g. http://www.guardian.co.uk/money/2011/nov/23/uk-household-earnings-fall
Or did you mean saved from lowering nominal wages? Which is indeed an important thing - it's becoming increasingly apparent in the current eurocrisis that nominal wages are very, very hard to lower.
But that's rather different from an unqualified "wages". Inflation does matter!
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