Employment and unemployment figures are relatively easy to fiddle. But wage growth is not. And wage growth is now in decline, with catastrophic consequences as people have little or no money to spend.
The BBC valiantly claims that this is unexpected, difficult to understand, and so on, in light of the number of people who are officially in employment. The more accurate way of saying the same thing is that is impossible.
Back in the last days of John Major, the unemployment figures were a national joke. No one even pretended to believe them. Where were these jobs? What were they? Who was doing them? For how long at a time, for how many hours per week, and for how much money? It was obviously rubbish, and everyone could see it.
All these years later, and here we are again. The employment figures are a national joke. No one even pretends to believe them. Where are these jobs? What are they? Who is doing them? For how long at a time, for how many hours per week, and for how much money? It is obviously rubbish, and everyone can see it.