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Job vacancies surge past one million in new record

bbc.co.uk

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Re: Job vacancies surge past one million in new record

#111

Post by notanzaiiswear »

nly wrote: 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…

Apparently there are people who are willing and able to pay the housing prices, so your claim seems obviously false.

Re: Job vacancies surge past one million in new record

#112

Post by FredPret »

nivenkos wrote: post #74
pibechorro wrote: post #56

Earlier quoted context omitted.

Inflation will make any increase in wages meaningless. It will also further drive investment into housing to escape the free falling cash. The answer is no lockdowns, no bailouts, and no quantitative money printing to oblivion. Let the everything bubble pop and start over with sound first principles. We will get there, but not before politicians make it worse and delay the inevitable defaults.

The answer is to control the housing market and stop it being used an investment against inflation. Force people to invest in industry against inflation - not rent-seeking in housing, or cryptocurrency pyramid schemes. Only allow resident citizens to own the one property they live in, and have the government handle rentals like the old council housing / Folkhemmet homes.

Actually encouraging landlordism will decrease rents.

- Buy-and-hold rental property investors buy properties using Excel, and are vastly less susceptible to hyped and emotional pricing than the public.

- More landlords = more capital available for home-builders = more houses built

- Supply and demand - more houses and more landlords, with the same number of tenants, shifts pricing power to the tenants

Re: Job vacancies surge past one million in new record

#113

Post by notanzaiiswear »

nly wrote: post #70
pibechorro wrote: post #56

Earlier quoted context omitted.

Inflation will make any increase in wages meaningless. It will also further drive investment into housing to escape the free falling cash. The answer is no lockdowns, no bailouts, and no quantitative money printing to oblivion. Let the everything bubble pop and start over with sound first principles. We will get there, but not before politicians make it worse and delay the inevitable defaults.

- Boris Johnson (the British Prime Minister) sold his London family home in 2019 for £3.75M after having rented it out for £2000/week (just under 4x the national average income) while living in his Government provided accommodation in his role as Foreign Secretary (2016-2018).[0] - Property prices have shot up 10% during the pandemic, bolstered in part by the Government cutting stamp duty on sales. - A few days ago t…

Or many people want to live in London.

Re: Job vacancies surge past one million in new record

#114

Post by thedmstdmstdmst »

NiceWayToDoIT wrote: post #66
jenscow wrote: post #60

Earlier quoted context omitted.

Or just increase wages and increase prices.

Second part is not that simple in global economy if you have Chinese cheap labor as direct competitors especially in the food industry where margins for farmers are already too low. I would recommend Jeremy Clarkson - "Clarkson's Farm" first year of operation on a 300 acres farm made a yearly profit of £144 :)

It feels to me like having 144 profit on a 300 acre farm is closer to an accounting / tax choice then true measure of profitability. Another poster mentions writing off all equipment during the first year in that calculation.

Re: Job vacancies surge past one million in new record

#115

Post by Veen »

nly wrote: 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…

It's why I'm contemplating moving from the South West to the North East. I work remotely, so it doesn't matter much where I am. Rental costs in the North East are dramatically lower than where I am now (a location that attracts Londoners wanting a place in the country, significantly increasing house prices).

Re: Job vacancies surge past one million in new record

#116

Post by long_time_gone »

NiceWayToDoIT wrote: post #66
jenscow wrote: post #60

Earlier quoted context omitted.

Or just increase wages and increase prices.

Second part is not that simple in global economy if you have Chinese cheap labor as direct competitors especially in the food industry where margins for farmers are already too low. I would recommend Jeremy Clarkson - "Clarkson's Farm" first year of operation on a 300 acres farm made a yearly profit of £144 :)

==first year of operation on a 300 acres farm made a yearly profit of £144==

Profit in Year 1 is better than most of the startups I read about on HN.

Re: Job vacancies surge past one million in new record

#117

Post by fallingfrog »

I’m not sure why none of the popular narratives are considering that this is just demographics- the boomers are aging out of the workforce. This pushes up the cost of labor due to supply and demand. Which is a good thing, if you’re not a boomer. But it’s going to constrain gdp growth.

Re: Job vacancies surge past one million in new record

#118

Post by FredPret »

tclancy wrote: post #79
pibechorro wrote: post #56

Earlier quoted context omitted.

Inflation will make any increase in wages meaningless. It will also further drive investment into housing to escape the free falling cash. The answer is no lockdowns, no bailouts, and no quantitative money printing to oblivion. Let the everything bubble pop and start over with sound first principles. We will get there, but not before politicians make it worse and delay the inevitable defaults.

That sounds a lot like if we just do what we have been doing for the last couple hundred years it will all work out. But we have a couple hundred years of evidence of who it works out for and who it does not.

What are you talking about?

Standards of living have increased the most at the bottom of society.

- Labourers used to work seven days a week (12 hour days), then six, now five times eight is standard, with some exceptions.

- Workplace safety have gone from a laughable concept to the first priority.

- 100% of Western populations can read and write. This used to be a rich-person thing

- How many poor kids have you seen lately with their faces covered in coal dust from the mines?

- There are thousands of other examples. Poor people today live longer and better in many important ways than rich people even a hundred years ago, never mind a "couple hundred years."

Re: Job vacancies surge past one million in new record

#119

Post by xienze »

nicoburns wrote: post #102
thomasz wrote: post #42

Earlier quoted context omitted.

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.

Yes, "if". The problem is that companies don't move in lockstep with the broader economy, so it might take a year or two of food and goods increasing in price 12% before your company has managed to give you a 5% raise, which in turn requires them to raise the prices of their goods. And hopefully _their_ customers don't balk at the increased price because _they_ haven't yet been able to absorb their own set of wage increases.

Re: Job vacancies surge past one million in new record

#120

Post by bb123 »

nly wrote: post #70
pibechorro wrote: post #56

Earlier quoted context omitted.

Inflation will make any increase in wages meaningless. It will also further drive investment into housing to escape the free falling cash. The answer is no lockdowns, no bailouts, and no quantitative money printing to oblivion. Let the everything bubble pop and start over with sound first principles. We will get there, but not before politicians make it worse and delay the inevitable defaults.

- Boris Johnson (the British Prime Minister) sold his London family home in 2019 for £3.75M after having rented it out for £2000/week (just under 4x the national average income) while living in his Government provided accommodation in his role as Foreign Secretary (2016-2018).[0] - Property prices have shot up 10% during the pandemic, bolstered in part by the Government cutting stamp duty on sales. - A few days ago t…

There is housing available within commuting distance - I bought a 2 bedroom flat walking distance from a station with a 35 minute link to Kings Cross for under 200k. People seem to think they have some sort of God-given right to live in central London. If you want to buy a property you may need to make some sacrifices in that department. Yes the town I live in is pretty shite, and I have to train to work or to see friends on the weekend but I own my home.
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