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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

#131

Post by yardie »

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 :)

That’s a lot better than most small businesses and startups where there might not be a profit at all but lots of starting and fixed expenses. Let’s see how he’s doing at year 3 and beyond.

Re: Job vacancies surge past one million in new record

#132

Post by jlokier »

tonyedgecombe wrote: post #100
softwaredoug wrote: post #83

If only there were people willing to move to your country from their current bad situation, so eager for citizenship they’d take on any job.. it’s almost an arrangement too good to be true

That's not what people voted for in 2016.

Brexit as implemented isn't what most people voted for in 2016 either. Just ask them. Others have. The more common answer is some variation on "I didn't vote for this Brexit". Particularly entertaining are the business owners now going bankrupt who voted for Brexit, now saying "I didn't know this is what Brexit meant when I voted for it".

I'd also argue that the fundamental, defining feature of democracy is that the people most immediately affected by an issue vote on the issue. So it's not democracy when the people most affected are not included in the vote. That's fake democracy, where the foxes vote who to have for dinner and the other animals don't get a say, but it's what we have, so here we are.

Re: Job vacancies surge past one million in new record

#133

Post by bko »

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.

> 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.

How can you say you "own" something if you're not allowed to sell or rent it to anyone you want?

Re: Job vacancies surge past one million in new record

#134

Post by neilwilson »

thomasz wrote: post #42
CodeGlitch wrote: post #25

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…

"It's not like the working class doesn't have to eat. In fact, they will be hit hardest by increasing food prices."

But they are the ones getting the higher wages, so it doesn't matter.

It's those people not getting wage increases that end up taking the loss - which is the middle class and the public sector.

Re: Job vacancies surge past one million in new record

#135

Post by ahtihn »

mysterydip wrote: post #4

There's a fast food restaurant near my house that is trying to fill vacancies at $20/hr.

McDonald's has been paying $20/hour in Switzerland for a long time.

Given how rich the US is as a country, I always found it surprising that minimum wage there is so incredibly low.

Re: Job vacancies surge past one million in new record

#136

Post by neilwilson »

CodeGlitch wrote: post #101
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…

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…

The UK will need to adopt the approaches in farming taken by the Dutch amongst others.

The crops planted will be the ones more amenable to automation.

Re: Job vacancies surge past one million in new record

#137

Post by neilwilson »

throwthere wrote: post #80

I guess on the one hand businesses aren't paying enough. But I mean, business owners aren't all just evil conspiring anti-labor types. They're in it for the profits and would pay more if they could eek out a reasonable return on investment. On a deeper level, you have all these zombie-businesses now supported by government handouts and terribly low interest rates. The zombie businesses soak up labor for relatively le…

Zombie businesses required to pay more for labour go bust.

Raising the cost of labour is a far more reliable way of eliminating zombies than attempting to raise interest costs. No business can operate without labour.

Re: Job vacancies surge past one million in new record

#138

Post by adventured »

zpeti wrote: post #49
tomp wrote: post #39

Earlier quoted context omitted.

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…

Pretty big red flag was why so many multinational corporations are pro open borders. Corporations rarely take a stance on political issues unless they have a reason to do so.

In the US there is a particularly pro big business conservative wing of the right that is hyper in favor of unlimited low skill immigration. It's totally at odds with the mainstream conservative position on immigration. So why do they hold that position? It's not out of the kindness of their gentle pro-immigration conservative hearts of course. It's because they want the cheap labor to feed to big business and it helps to suppress wages for all the rest of their workers.

If you go back just 15-20 years ago, the Democrats universally understood this fact of labor supply/demand. Large amounts of low skill labor hurt their middle class and lower class labor voters, hurt their wages. And the Democrats used to be against such vast low skill immigration, because they had a large labor vote to protect. You can see this in action by looking at speeches from decades past (including by still prominent Democrats like Bernie Sanders). Their position now? Crickets. They've gone radio silent on the matter vs a few decades ago. That specific labor vote is no longer what they view to be the future, how they are plotting political dominance for the next 50 years.

Re: Job vacancies surge past one million in new record

#139

Post by yesOfCourse9 »

bb123 wrote: post #120
nly wrote: post #70

Earlier quoted context omitted.

- 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 fr…

Yes only the elite, who speculate prices beyond the reach of normies, should be allowed to live where they want.

Nice embedded class based bias by the stiff upper lip crowd.

Make the minority that hands itself free money subject to the same open market and you have a point.

Re: Job vacancies surge past one million in new record

#140

Post by heavenlyblue »

bb123 wrote: post #120
nly wrote: post #70

Earlier quoted context omitted.

- 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 fr…

How often is the train? Or is it one of these rare direct 35 minute trains?
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