You are reading a single comment by @Charlie_L and its replies.
Click here to read the full conversation.
London Fixed Gear and Single-Speed is a community of predominantly fixed gear and single-speed cyclists in and around London, UK.
This site is supported almost exclusively by donations. Please consider donating a small amount regularly.
@Charlie_L
In a modern economy the main determinant of labour productivity is the amount of investment there is backing up each job. In UK ten years of austerity and stagnant or declining real wage levels have provided no incentive for investment to become more productive. Consumer spending is dropping away and is propped up by unsustainable personal debt. Add in the brexit effect and it's a wonder we haven't sunk into the lowest category.