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Job vacancies surge past one million in new record

bbc.co.uk

101–110 of 385 posts

Re: Job vacancies surge past one million in new record

#101
post #42

Earlier quoted context omitted.

Lorry drivers getting 40% higher pay: https://www.bbc.co.uk/news/uk-england-coventry-warwickshire-... In fact I can see this happening across many industries, and if you are one of those people working minimum wage can only be a good thing? The import of cheap labour does push down the wages of the working class - so the middle/upper classes get to buy cheaper fruit... I believe farmers will have to work with this ne…

It's not like the working class doesn't have to eat. In fact, they will be hit hardest by increasing food prices. > Indication of some degree of food insecurity was reported by 14.2% of the sample and tended to be higher amongst younger age groups, those on lower incomes, and home renters (as opposed to owners). https://academic.oup.com/jpubhealth/advance-article/doi/10.1... I somewhat doubt that we're talking about…

True - but other aspects of your running costs (electricity, gas, rent, etc) will not increase, as I don't believe they depend on cheap labour.

Interestingly (can't find the reference right now), I've read that the high cost of labour in the UK contributed to the push for mechanisation of farming, which resulted in the industrial revolution (something we have all benefited from). In China, labour costs were (are?) so low that there was no reason to invent a farming machine, when you could pay a peasant to do the job for less.

So if this runs long term, we will see further automation of farming?

Re: Job vacancies surge past one million in new record

#102
post #42

Earlier quoted context omitted.

Lorry drivers getting 40% higher pay: https://www.bbc.co.uk/news/uk-england-coventry-warwickshire-... In fact I can see this happening across many industries, and if you are one of those people working minimum wage can only be a good thing? The import of cheap labour does push down the wages of the working class - so the middle/upper classes get to buy cheaper fruit... I believe farmers will have to work with this ne…

It's not like the working class doesn't have to eat. In fact, they will be hit hardest by increasing food prices. > Indication of some degree of food insecurity was reported by 14.2% of the sample and tended to be higher amongst younger age groups, those on lower incomes, and home renters (as opposed to owners). https://academic.oup.com/jpubhealth/advance-article/doi/10.1... I somewhat doubt that we're talking about…

Not if their wages grow in line with the increases.

Re: Job vacancies surge past one million in new record

#103
post #10
post #9

Salary increases are seriously lagging inflation.. (especially true if you use a more meaningful inflation metric than CPI) There's less & less incentive to be an employee in the traditional sense. What I'm hearing more & more: Pay me in crypto. Give me equity. Else I'm not interested.

Is there another metric?

There's RPI, I guess

Re: Job vacancies surge past one million in new record

#104
post #39
post #11

"We advertised locally for 70 fruit-pickers and we had nine applications. On follow-up, only one was still available... in terms of recruiting locally, we failed completely," says Ali Capper, the owner of Stocks Farm in Suckley and chair of British Apples and Pears. At her orchard, harvest has just started. It must be done quickly and requires many pairs of hands. Ali had to turn to specialist recruitment firms and h…

I love how all the elite arguments that immigration doesn't reduce wages (which the working class always thought were complete bullshit) were proved to be complete bullshit during the pandemic-related border closures. Of course, the discussion about what to do about that remains - open borders & keep wages low, or close borders & raise local wages, or close borders & keep wages low & invest in automation - but it's n…

In the short term, sure, the domestic workers get higher wages, but in the long term it just incentivizes fruits to be imported directly from Eastern Europe instead.

Re: Job vacancies surge past one million in new record

#105
post #24

Earlier quoted context omitted.

Both more expensive and less available. But the funny thing is in Eastern Europe, where these workers come from and where they presumably are now, there too are record job vacancies and rising wages. So probably something to do with either the pandemic or overheating economy from the cheap money.

Much of Eastern Europe is also undergoing demographic collapse, with total fertility rates under 1.50, and unlike Western Europe they're not getting much in the way of immigrants. Even Syrian refugees etc simply pass through.

Sure but that's fun for the future, for the current situation on the labor market that does not matter at all.

Re: Job vacancies surge past one million in new record

#106
post #11

"We advertised locally for 70 fruit-pickers and we had nine applications. On follow-up, only one was still available... in terms of recruiting locally, we failed completely," says Ali Capper, the owner of Stocks Farm in Suckley and chair of British Apples and Pears. At her orchard, harvest has just started. It must be done quickly and requires many pairs of hands. Ali had to turn to specialist recruitment firms and h…

I don't know why they are surprised to receive not many applicants locally, as you can't support yourself in the UK on seasonal work. The growing prosperity of other countries, may also mean you can't rely on the difference in purchasing power to attract seasonal workers from other countries. Which leaves either investing in machinery, or perhaps marketing your job as an "experience" to those who aren't relying on th…

Or paying more

Re: Job vacancies surge past one million in new record

#107
post #87

Europe has evaded classical market economy by importing more people who'd work for lower wages at the slightest hint of any labor shortage. Pre-immigration such people would be called scabs. Now that you have Brexit, raise the wages. That's why people voted for it in an unusual recognition of their self-interests.

If you fancy annoying people go to a UK subreddit and claim Brexit was about workers rights, workers compensation and was humanitarian issue to help those most in need.

Hilarious results will follow.

Re: Job vacancies surge past one million in new record

#108
post #64
post #44

Housing is anything from a third to 50% of the average UK earners take home income. Median house price to median income ratios are at historically high levels[0], and rents are now also rising[1] Either wages need to rise or house prices need to fall. [0] If you look at somewhere mundane like Essex the median 'affordability ratio', as measured by the Office of National Statistics ( https://tinyurl.com/x5jatcx8 ), was…

I'd be tackling housing prices. I think wages (in AU, at least) already render many small businesses unviable. Historically in Australia, it's seemed like houses have doubled in price every 10 years. More recently, it's seemed like every 5 years. A house I bought 10 years ago would now be 2.5* that as land value alone. A building I bought has apparently doubled in value in five years.

>I'd be tackling housing prices.

The government has absolutely no desire to do that. Their voter base is predominantly home owners who think of their house as an asset that should only go up in value.

Re: Job vacancies surge past one million in new record

#109
post #39
post #11

"We advertised locally for 70 fruit-pickers and we had nine applications. On follow-up, only one was still available... in terms of recruiting locally, we failed completely," says Ali Capper, the owner of Stocks Farm in Suckley and chair of British Apples and Pears. At her orchard, harvest has just started. It must be done quickly and requires many pairs of hands. Ali had to turn to specialist recruitment firms and h…

I love how all the elite arguments that immigration doesn't reduce wages (which the working class always thought were complete bullshit) were proved to be complete bullshit during the pandemic-related border closures. Of course, the discussion about what to do about that remains - open borders & keep wages low, or close borders & raise local wages, or close borders & keep wages low & invest in automation - but it's n…

I disagree. The value of the pound plummeted as a result of Brexit. So relative wages might increase in future, but there is no guarantee that it will make workers any wealthier overall. Of course you might argue you only care about relative wealth, but then you have to worry about inflation due to rising cost of imports etc. I think it's more complicated than the simplistic picture you paint above.

For me the things that need to change in the UK are to (i) reduce the cost of access to education and (ii) reduce the cost of housing.

Re: Job vacancies surge past one million in new record

#110
post #62
post #54

Earlier quoted context omitted.

There’s no opposition to gaslight, the vast majority of the population believes the myth of immigration reducing wages, while there’s no evidence of it being true (you are welcome to provide some). This vast majority is not the opposition, but the force that elected the past 3-4 conservative and euro-skeptic governments that gave us the “hostile environment for foreigners”. In the UK, EU nationals earn more than the…

The proof is in the pudding: "we can't find local workers willing to work for these low wages so we'll import them from abroad". A lot of EU immigrants come to London to work in tech/finance because they offer higher wages than pretty much anywhere on the continent (I was one of them). But the working class is pretty far removed from the effect of professional-class immigration. The UK has many other structural probl…

> The proof is in the pudding: "we can't find local workers willing to work for these low wages so we'll import them from abroad".

You're not talking about alternative, which is "the production stops to be profitable, so we won't do it".

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