I'm a Labour member (as probably mention too much on here) but agree to an extent.
Its not something that was isolated to New Labour though, this is a process thats been happening for a long while, ask your parents or grandparents about high purchase, the 'never ever' (never ever pay it off) and the boom in consumerism in the 50's. Instead of actually sorting out a fair pay scale (which would benefit everyone across class bounderies to my mind) debt was the way governments could artificialy boost growth etc, its nothing new. I think why its become more acute these days is because wages have begun to stagnate, the job market doesnt allow people to easily find new higher paying jobs. So yeah, Labours been part of the problem (alot of it down to Tory Blair, and Browns fear of moving back to the left) but its not all down to them. Im gonna sound like a complete idiological pinko idiot here probably. But this isn't going to change until theres legislature to encourage lowest wages to be in proportion to the highest wages in any company etc. Raise the wages of the lowest earners whilst 'marginally' reducing the wages of the highest earners (change the tax bands as well) you'll get sustainable growth and everyone will become better off. Obviously complicated to implement, but surely it should be an aim?
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Jorvic, Mon 14 Feb 2011, 13:02,
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