@Conr275@thejournal_ie There's not a direct correlation, i.e. wages go up 10%, inflation goes up 1-2% for e.g.
It drives further consumption/demand and benefits everyone.
Ireland has increased its minimum wage year after year for the last decade.
During that time, plenty of business groups have warned that the move could lead to job losses. However, study after study shows that has not actually happened. jrnl.ie/7001863
@thejournal_ie People at minimum wage have limited marginal consumption, consumption is purely autonomous i.e. they spend it, driving further demand it's a win win.
@thejournal_ie The report says that it hasn’t happened because the labour market is tight (more demand for labour than supply) and the economy is strong, but that the same result wouldn’t occur if the economy was weaker with higher unemployment.
So, will we reduce the MW then? Riiiiight.
The High Speed 2 “bat tunnel” is one of the clearest examples of how Britain is tying itself in knots.
A structure built to comply with environmental legislation has cost over £100 million.
It was designed to protect a colony of around 300 rare Bechstein’s bats living in ancient woodland.
That’s roughly £333,000 per bat.
We are not failing to build because we lack engineers or ambition, we are failing because we’ve made infrastructure hostage to bureaucracy.
No serious country can grow like this.
@maccraith3@realLangerDan@Rus_Emb_Ireland Keep bending over for the orcs, hoping they'll give it to you, loser.
Can see you must be a troll account or ya fit the low life title looking at your 30 year comment.
🚨Another Cargo Ship full of Alumina is on its way from Aughinish Alumina to St Petersburg, Russia to deliver vital alumina to the Russian war effort.
Cargo ship KETHI is currently west of Donegal and is expected to arrive in Mordor on 10 April next.
This shames Ireland.
@maccraith3@realLangerDan@Rus_Emb_Ireland Don't know what's worse, that you're stupid enough to mistake boat coordinates or that you're a low life cretin. The orcs? Seriously? Don't be a little bitch.
I stepped on a broken manhole in China…
I reported this Danger In Chengdu - Take a look at what the local government did.
Follow to see more of the REAL China.
@CCTV@XinhuaChinese@ChinaDaily@AmbXieFeng@SCMPNews
I've seen a child get their foot stuck in a gap between a manhole and the concrete, they literally couldn't free their foot while e-bikes were whizzing by.
Asking locals is exactly what we do (the original poster talks to them too). Pointing out a real, visible hazard isn't 'overly cautious', dismissing it as ridiculous is overly complacent.
Kids ankles and small feet fit into gaps that adults don't even notice. Better to be aware than have a child trapped or hit."
@Koolkat6000@CCTV@XinhuaChinese@ChinaDaily@AmbXieFeng@SCMPNews If a child got their foot caught in it and broke their leg, that’s an emergency. They have the resources and give citizens the hotline to call 24 hours a day 7 days a week, their crews make repairs all over the city, the city population is over 20 million…
I spent 18 years working with billionaires in the superyacht industry. Let me tell you what “capitalise profits” actually looks like in practice.
One client decides to build a yacht. That single decision puts thousands of shipyard workers on payroll for 3-4 years — welders, electricians, naval architects, woodworkers, engineers. It activates a supply chain of hundreds of specialized vendors, most of them small businesses.
Once she launches, she employs a full-time crew and feeds an ecosystem of marinas, fuel suppliers, maintenance yards, and provisioning companies for the next 30 years.
That’s one person’s capital deployment. One decision. A quarter of a billion euros in economic output over the vessel’s lifetime.
Now multiply that by every business they start, every building they develop, every fund they anchor. The coordination of capital at that scale doesn’t happen by committee. It happens because someone with skin in the game makes a bet and backs it with their own money.
You can build things, design things, and sell things without billionaires. But you can’t do it at the scale that lifts entire industries without someone willing to concentrate capital and deploy it with conviction.
Billionaires do not create jobs. Stop saying it.
Without billionaires, we would still build things, design things, teach things, sell things, buy things.
Billionaires capitalise profits. That's it.
NASA actually cut the feed when Glover took his shirt off. They reminded him the feed was still live to the public and he said he was fine with it. Hmm.. being in space isn't enough of a flex? And we'd seen him working out a few minutes before. The flight controllers looked bemused and amused.