What do AAMers think WILL happen in the coming months

[PaddyBloggit]

Cease fire me thinks!

 

[Chris]

Same incremental system applies in large swathes of the private sector.

Private companies can only give pay rises if they increase profits through increased productivity, and this can only be achieved by offering a better product than competitors. More importantly there are very often decrements even in times of booming economies.

 

[Afuera]

Private companies can only give pay rises if they increase profits through increased productivity, and this can only be achieved by offering a better product than competitors.

While this sounds nice in theory, unfortunately it's a bit naive.

Throughout history, many a private company has hoodwinked investors into giving more money. In many cases these windfalls end up benefiting employees in the form of pay rises or stock options.

Also, it's surprising the number of private companies that owe their existence/success to political instruments such as licensing or by being given governmental support of one form or another. Offering a better product than competitors often does not even come into the equation.

 

[Purple]

Back on topic; “what will happen in the coming months?”

We will default on our debts.

The IMF/ECB are not bailing us out, they are lending us money at a better rate than anyone else. We will still owe over 200 billion at the end of this. That’s well over €100’000 for each member of the workforce or nearly a quarter of a million Euro for each income tax payer. Even at 5% interest that’s an extra €12’500 per income tax payer per year or €240 per week. Who we owe it to doesn’t change that. There’s no way on earth that we will ever be able to pay that off without default or very high inflation. The ECB won’t go with high inflation so...

 

[shnaek]

back on topic; “what will happen in the coming months?”

we will default on our debts.

The imf/ecb are not bailing us out, they are lending us money at a better rate than anyone else. We will still owe over 200 billion at the end of this. That’s well over €100’000 for each member of the workforce or nearly a quarter of a million euro for each income tax payer. Even at 5% interest that’s an extra €12’500 per income tax payer per year or €240 per week. Who we owe it to doesn’t change that. There’s no way on earth that we will ever be able to pay that off without default or very high inflation. The ecb won’t go with high inflation so...

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