Tuesday, February 19, 2008

Sub Prime Salaries

One of the most risible claims that the city of Liverpool is booming concerns the mania for retail developments. Liverpool One, a major feature of the Big Dig, is due to open later this year:
http://news.bbc.co.uk/1/hi/england/merseyside/7252658.stm .
According to the BBC report, 5,000 jobs will be created by the development & the city council is keen to see as many local successful applicants as possible:
"Job hunters can now register at the Shop for Jobs premises on Lord Street for upcoming work in the retail, leisure and tourism sectors."
In other words, low-paid, insecure jobs. As the ramifications from the credit crunch inexorably roll out further, these are the sort of jobs which go to the wall first.
Ah, what's this? There's also a golden nugget from Warren Bradley, city council leader (though not for much longer):
"The real regeneration of Liverpool will be seen in the opportunities it offers to the people who live and work here."
Fine words......from one of the clowns responsible for the Matthew Street debacle.

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