WOW i have thoughts along these lines the factory where i work churns out more for less treble the output with two thirds the work force and still prices are depressed.
competion is fierce.the only way is to make more with less but when everyone in the world does the same it is a vicious circle.less jobs more produced,again we are cutting the work force.putting pressure on our suppliers who then pressure there own, the circle continues.again next year target and overall tonnes per man increased the world can now over produce what is needed, if the consumer does slow down we are in trouble,i hope i am wrong and there is enough growth left in the world to take out the slack in our ever more efficient factorys,
all is not lost but we should not be talking of slow down with intrest rates as low as this.one crumb of comfort would be if we are one of the winners and new labour dont tax and regulate GB out of the world markets.