UK success down to the Californian “Hispanic factor’?

“We suspect that part of the reason for the success is that as the rest of Europe’s population ages and sticks to high wage demands and low productivity agreements (such as shorter working hours) the British have benefited from the Californian “Hispanic effect’.

As an economy California ranks fifth in the world, between the UK and France – its success can be attributed to many factors, but one agreed contribution is the huge number of Hispanic immigrants. The immigrants – legal and illegal – are willing to work longer hours for less money, and generally work in the most labour intensive areas of the economy. Thus keeping down costs and allowing an environment for businesses to thrive – of course some may say this is exploitation, but it does allow for an economy to grow.”

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