From: "Virgils Ghost" 
Newsgroups: uk.finance
Subject: Re: economic nonsense?
Date: Sun, 11 Feb 2007 21:26:08 GMT

"biggirlsblouse"  wrote in message 
news:vbEzh.11784$OK6.7168@newsfe4-win.ntli.net...
>
> "Daytona"  wrote in message 
> news:g50ss2lhvi5553ino9ugnkoavpf7go7fkm@4ax.com...
>> On Sat, 10 Feb 2007 16:24:40 -0000, "Miss L. Toe"
>>  wrote:
>>
>>>And the problem with that is ????
>>>
>>>Seriously - do you actually WANT to work in factories or down the mines ?
>>
>>
>> Actually, it should be - do they actually WANT to work in factories or
>> down the mines for £2 a day ?
>>
>> Daytona
>
> The guys who work in the local steelworks for 37 hours a week admitedly on 
> shifts and who are as thick as the proverbial plank earn near to £40k.... 
> a bit more than 2 quid!.... and to be honest they dont have the brain to 
> do anything else.

I suggest you actually look around one of these mills, you will find very 
few people around, just lots of automated equipment and a handful of 
technical operators. The UK still produces a decent amount of steel but with 
a fraction of the work force. That's the thing, you either up-skill and 
automate or ship out the jobs to a low cost country.

I would suggest that your grasp of economics is both sentimental and wrong.