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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

#191

Post by SquishyPanda23 »

pibechorro wrote: post #56
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…

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.

[flagged]

Re: Job vacancies surge past one million in new record

#192

Post by mmarq »

hihihihi1234 wrote: post #124
mmarq wrote: 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 Tory governments of the last 11 years were not elected by anything close to "the vast majority"

You are right, I didn’t express myself correctly.

I meant that the vast majority of Britons (and of Westerns) believe that immigration has a negative effect on wages, which is a false credence. They haven’t all voted for the Conservative party, but the notion that these people have been gaslighted or ignored by the elite (which includes the parliament and the government) is patently absurd, given who ruled the country and what happened in the past 10 years.

Re: Job vacancies surge past one million in new record

#193

Post by Factorium »

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…

If you permanently reduce immigration, including deporting unauthorised migrants, you can achieve both of those things.

Given the cost of land and building, we should consider Western nations 'full' and only allow immigration 'swaps' from other highly developed countries.

Re: Job vacancies surge past one million in new record

#194

Post by FredPret »

_vbnz wrote: post #154
FredPret wrote: post #112

Earlier quoted context omitted.

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

Step 2 just isn't happening, at nowhere near the levels necessary. Instead people are investing in housing as a "store of value" against inflation, maybe not even renting it out and just hoping it appreciates. This is driving prices sky-high. Meanwhile local politicians and boomers support NIMBYism and oppose all housing developments, leading to a massive shortage in housing. Landlords love this as it increases the v…

> Meanwhile local politicians and boomers support NIMBYism and oppose all housing developments

This is the problem - artificially constrained supply. Fix this and the lower prices will follow. Fix other things and you’ll just create further distortions and frustrations later on

Re: Job vacancies surge past one million in new record

#195

Post by wing-_-nuts »

dageshi wrote: post #98
NiceWayToDoIT wrote: post #66

Earlier quoted context omitted.

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 :)

I might be wrong, but I thought he was factoring in all the equipment he bought in that first year in that calculation? So next year you wouldn't have that cost.

Isn't it standard practice to amortize the cost of capital goods over their lifetime?

Re: Job vacancies surge past one million in new record

#196

Post by swarnie »

dageshi wrote: post #174
swarnie wrote: post #107

Earlier quoted context omitted.

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.

Only masochists go near that sub, it's pretty much the most miserable place on the entire internet.

Which one? UK, UKpol, and even AskUK all creep there on occasions.

Re: Job vacancies surge past one million in new record

#197

Post by imtringued »

tomp wrote: post #39
ndr wrote: 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'm pretty sure it is well known that globalization equalizes wages globally. That means they meet in the middle. Poor nations see relative wage growth and wealthy nations see relative wage decline. On average everyone is better off but it also means that those living in wealthy countries now feel extreme pressure to compete globally. For most people that simply means skilling up at college and moving to large cities to which investor money is flowing.

Re: Job vacancies surge past one million in new record

#198

Post by alistairSH »

thedmstdmstdmst wrote: post #114
NiceWayToDoIT wrote: post #66

Earlier quoted context omitted.

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.

It absolutely was an accounting trick, done in the name of TV ratings. This is Jeremy Clarkson - he's a TV personality and things done on his TV shows are not to be taken seriously.

The farm had a grain business, sheep, a farm store for veg and stuff, and grants from government for re-naturing part of the property. I have no idea how Clarkson calculated the 144 profit, but I suspect there was a lot of shenanigans do arrive at that number for effect.

Edit - I'll add that I enjoyed the show. While obviously done for shock value (similar vein as as Top Gear and Grand Tour), it did a reasonable job showing how complicated and expensive running a farm can be.

Re: Job vacancies surge past one million in new record

#199

Post by benbojangles »

M2Ys4U wrote: post #108
prawn wrote: post #64

Earlier quoted context omitted.

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.

I agree. Also, High streets don't have to 'die' due to excessive rent either, the government could hike taxes on vacant stores 1000% then make possession orders on unpaid premises after 18 months. Then the gov can nationalise shop rents according to reasonable incomes.
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