Why is there no demand in the global economy?

[BrilloPad]

No-one has any money? Where has it gone?

Just 62 people now own the same wealth as half the world's population, research finds | World Politics | News | The Independent

Just 62 people now own the same wealth as half the world's population.

Found it.

Is there a reward?

[OwlHoot]

Paradoxically, it seems like the World's economic woes are largely being caused by over-supply and a glut of goods.

(although obviously that doesn't apply to everyone, and for some kinds of assets such as property the opposite is true).

[vetran]

Stuart Broad tells those on minimum wage to ‘stay humble’ | Sport | The Guardian

The Nottinghamshire player, now in Australia with England as they prepare for next month’s World Cup, tweeted: “I’ve heard if you earn minimum wage in England you’re in the top 10% earners in the world. #stay #humble,” provoking an outraged backlash on social media. On Tuesday evening the comment had already been retweeted 663 times.

British minimum wage earners are in the top 10% of earners | Institute of Economic Affairs

Mark Littlewood, Director General at the IEA, has appeared on BBC Five Live to discuss a tweet by English cricketer Stuart Broad about minimum wage earners in Britain being in the top 10% of earners globally.
In the interview, Mark makes the point that the statement is very true, even if the accompanying hashtags were clumsily phrased. In terms of the history of the human race, British minimum wage earners are probably within the top 1% of earners out of everyone that has ever lived.

[diseasex]

screw poorest, ima gonna be 63rd

[BrilloPad]

Stuart Broad tells those on minimum wage to ‘stay humble’ | Sport | The Guardian



British minimum wage earners are in the top 10% of earners | Institute of Economic Affairs

UK is quite a high cost place though.

For instance getting a job in London is easy. If you are prepared to pay high rent or commute a vey long distance.

[_V_]

UK is quite a high cost place though.

.

This is the bit they neglect to mention. You can supply a whole village in Africa with clean water for £1 a day (it says on the TV), and yet Thames Water charge me alone £50 a month.

[LondonManc]

Stuart Broad tells those on minimum wage to ‘stay humble’ | Sport | The Guardian



British minimum wage earners are in the top 10% of earners | Institute of Economic Affairs

They also probably have higher debt than 95% of the world's population.

[BrilloPad]

They also probably have higher debt than 95% of the world's population.

Without debt they would stop buying things and the global economy would tank.

I can still remember when debt was the never never.

[LondonManc]

I wonder how much tax the 62 pay?

[Unwitting Catalyst]

Without debt they would stop buying things and the global economy would tank.

I can still remember when debt was the never never.

It's not called debt any more, it's called credit.