OT: Over 150,000 Royal Mail and BT workers strike
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1mr.philistine
https://www.bbc.com/news/business-62735147
https://www.bbc.com/news/business-62730169
Based on the above reports and their respective 'comments' sections, I understand that rising energy cost in Europe is the root cause of inflation and subsequent higher cost of living. The inflation currently being experienced is supply-based as opposed to demand-driven. Increasing pay scales at this stage is only going to drive up costs IF companies seek to recover this increment by increasing prices of their services, viz. higher postage rates.
So, how to increase productivity of something not natively produced i.e. energy? Conversely, how to decrease demand for a commodity so basic as energy?
If my assumptions are correct, what is the most likely outcome of these strikes? If not, please correct and elaborate.
Of course, these minor world events dovetail conveniently into the grand scheme of FS price rises and the consequences thereof but I digress.
https://www.bbc.com/news/business-62730169
Based on the above reports and their respective 'comments' sections, I understand that rising energy cost in Europe is the root cause of inflation and subsequent higher cost of living. The inflation currently being experienced is supply-based as opposed to demand-driven. Increasing pay scales at this stage is only going to drive up costs IF companies seek to recover this increment by increasing prices of their services, viz. higher postage rates.
So, how to increase productivity of something not natively produced i.e. energy? Conversely, how to decrease demand for a commodity so basic as energy?
If my assumptions are correct, what is the most likely outcome of these strikes? If not, please correct and elaborate.
Of course, these minor world events dovetail conveniently into the grand scheme of FS price rises and the consequences thereof but I digress.
2dlphcoracl
>1 mr.philistine:
"What is the most likely outcome of these strikes?"
The workers on strike will eventually negotiate new contracts with pay raises and the costs will be passed on to the consumer. The Russian invasion of the Ukraine and Russian oil blackmail with regard to the EU and the U.K., with resultant soaring energy prices/inflation are merely the straw that has broken the camel's back. Unions have been toothless and powerless for several decades and the wages of ordinary workers, i.e., the folks involved in these strikes, have not kept pace with inflation for quite a while. This is reflected in both the U.K. and the United States by an unsustainable gap in wealth between the ultra-rich and the ordinary Joes and Jills.
Incidentally, the rise in ultra-right wing/populist/fascist political groups throughout Europe and the States is, in no small measure, an unfortunate by-product of the steadily increasing wealth gap.
"What is the most likely outcome of these strikes?"
The workers on strike will eventually negotiate new contracts with pay raises and the costs will be passed on to the consumer. The Russian invasion of the Ukraine and Russian oil blackmail with regard to the EU and the U.K., with resultant soaring energy prices/inflation are merely the straw that has broken the camel's back. Unions have been toothless and powerless for several decades and the wages of ordinary workers, i.e., the folks involved in these strikes, have not kept pace with inflation for quite a while. This is reflected in both the U.K. and the United States by an unsustainable gap in wealth between the ultra-rich and the ordinary Joes and Jills.
Incidentally, the rise in ultra-right wing/populist/fascist political groups throughout Europe and the States is, in no small measure, an unfortunate by-product of the steadily increasing wealth gap.
