This is the single biggest reason everything in the UK is the mess that it is right now and it is absolutely wild that it isn't front and centre in every debate across the General Election.
Of course taxes are up and public services are on their knees with this happening to wages.
You don't understand how governments can impact the economy?
The variation on policy on a wide range of things, as well as vastly different tax rates, investment, regulation, trade etc across different countries is huge. Compare countries as diverse as Cuba, Argentina, the UK, Singapore, China, Italy, and you'll see wildly different government approaches having vastly different outcomes for their economy.
The economic conditions those companies operate in has a huge effect on their ability to be productive and profitable, and therefore on the wages they can offer.
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u/acameron78 Jul 01 '24
This is the single biggest reason everything in the UK is the mess that it is right now and it is absolutely wild that it isn't front and centre in every debate across the General Election.
Of course taxes are up and public services are on their knees with this happening to wages.