Nothing about Thatcher’s reforms were meritocratic. She ruined the rail system and directly led to dozens of accidents.
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Replying to @mediocre_danny @KEEMSTAR and
2. I can just remember pre Thatcher, power cuts massive inflation and a fear that the country was close to collapse. She was hated, after each election she won. You could never find anyone who had voted for her! She was a significant factor in ending the Soviet Union.
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Replying to @simon_enefer @KEEMSTAR and
I’m sure she was. She was also a significant factor in permanently weakening trade unions, sending homelessness rates on the rise, and prolonging the Troubles on false pretenses.
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Replying to @mediocre_danny @KEEMSTAR and
1. The trade unions had stopped serving their members and became political tools to remove governments. Homelessness was barely a problem under Thatcher, but if you import 8million plus people and don't build homes for them housing will be a problem.
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Replying to @simon_enefer @KEEMSTAR and
I’m all for union reform, but a bad union is better than no union. Collective bargaining is necessary for workers. And like all developed countries, the UK has far more open housing than it does homeless people. It just restricts access for the sake of profit.
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Replying to @mediocre_danny @KEEMSTAR and
If the NUM - UK miners union - had not several times tried to overthrow governments it's members would still have an industry. You can't pay people anything close to the economic benefit they provide to a company. The first recession/accident will bankrupt the company.
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Replying to @simon_enefer @KEEMSTAR and
“You can't pay people anything close to the economic benefit they provide to a company. ” Why not? How is anything less not considered theft? “The first recession/accident will bankrupt the company.” How?
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Replying to @mediocre_danny @KEEMSTAR and
2. You are a good salesperson and generate sales revenue of £250k per year. Are you under paid? It depends? Revenue doesn't equal profit. If servicing that £250k cost the company £200k, then the company is making just £10k profit.
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Replying to @simon_enefer @KEEMSTAR and
The difference between revenue and profit is what you spend on employees on materials. So why would we look at profit? You can’t look at profit until AFTER you’ve paid your salesman (who should be paid on commission btw) Profit is irrelevant to production.
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Replying to @mediocre_danny @KEEMSTAR and
Salaries are just one cost, if you are not making a profit, taking in money than you costs, why stay in business? Profit can't be irrelevant to production, ever. Machinery wears out, no profit, how do you replace it? No profit, no R & D, no iPhone no new medicines.
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You stay in business because it results in you getting paid, and your customers getting served. Coffers would be unnecessary in a market of public resources. Machine maintenance is the job of technicians. Medicinal research is almost all publicly funded lol, there’s no profit.
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