Earlier quoted context omitted.
Why?
Why not?
You are both right.
Job vacancies surge past one million in new record
31–40 of 385 posts
Re: Job vacancies surge past one million in new record
#32Good. Wages must be forced up. You can’t have a modern economy without a capitalized middle class. Real estate is so ludicrous we need quite a bit of inflation to make it reasonable again. The alternative would be a deflationary crash where real estate crashes and obliterates everyone’s home equity, but that is far more painful to virtually everyone.
What prevents landlords from simply soaking up the wage increases then?
Re: Job vacancies surge past one million in new record
#33"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…
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…
[deleted]
Re: Job vacancies surge past one million in new record
#34Earlier quoted context omitted.
Work camps where exploited eastern europeans live in horrible conditions, their rights are violated, they get underpaid and a substantial portion of their wage goes to the agencies acting as middle men.
Are you describing the old system or the new system? Because that's what the UK had before, and it's what the Australian system they're trying to emulate produces too.
The old system isn’t that much different from the new system is it? Just the agencies will get paid more for handling the legal side and logistics of importing the workers.
Re: Job vacancies surge past one million in new record
#35Salary 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.
How does the currency you are paid with changes anything (apart from tax evasion) ?
Being paid in fiat means my default income stream is a depreciating one.
I'd prefer to be paid in an evolving currency, one emerging out of maximal open-competition. Why? Nothing breeds a better result.
Re: Job vacancies surge past one million in new record
#36Earlier quoted context omitted.
"lots of people's holiday savings being released locally" True. But the UK have missed out of millions of foreign tourists. https://www.ons.gov.uk/businessindustryandtrade/tourismindus...
I haven't looked at the data but I imagine foreign tourists mostly go to London and a few venture out to nearby hotspots. People within the UK seem to be branching out to every half-beauty spot we have in every corner of the Isles.
Sample of 1 but my last 3 vacations in the UK have skipped London.
My impression is anybody visiting for more than a week will likely do a few days in London then move on to someplace else (of my friends, that’s usually Scotland for camping/hiking).
Re: Job vacancies surge past one million in new record
#37"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…
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…
Wonder if it will cause high inflation, and if that’ll force up interest rates
Re: Job vacancies surge past one million in new record
#38"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 the wage, but wouldn't mind some exercise outdoors.
Re: Job vacancies surge past one million in new record
#39"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 nice to have the discussion honestly, without gaslighting the opposition.
Re: Job vacancies surge past one million in new record
#40Earlier quoted context omitted.
"lots of people's holiday savings being released locally" True. But the UK have missed out of millions of foreign tourists. https://www.ons.gov.uk/businessindustryandtrade/tourismindus...
I haven't looked at the data but I imagine foreign tourists mostly go to London and a few venture out to nearby hotspots. People within the UK seem to be branching out to every half-beauty spot we have in every corner of the Isles.
Clearly you have never been to Oxford, Bath, York, Edinburgh, Lake District, Cornwall etc etc which are teeming with visitors from the US, China, Japan and many other countries during the summer...