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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

#331

Post by The-Bus »

boldslogan wrote: post #76
nivenkos wrote: post #74

Earlier quoted context omitted.

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.

I think the political will here is kind of weak...the voters who own housing dont want their asset to decrease in value and wont vote for politicians who want to force investment into industry, versus the renters who do. I am not sure what to suggest...

If some combination of pensions/social security allowed people to live a comfortable, safe retirement with some guarantee of food, shelter, and medical care, then they'd be less worried about the one asset they own worth more than five figures.

Re: Job vacancies surge past one million in new record

#332

Post by disgruntledphd2 »

mmarq wrote: post #303
disgruntledphd2 wrote: post #183

Earlier quoted context omitted.

> Whatever the working class is in the UK, if they believe that immigration reduces salaries, they are far removed from any modern notion of truth. Can you provide some references for your (rather strong) claim?

> Can you provide some references for your (rather strong) claim? My claim is self-evident, if you believe something absurd, you are by definition “far removed from any modern notion of truth”.

Sorry, I don't agree. If the supply of labour increases without any consequent increase in demand, then one would expect to see the price of labour reduce, right?

That's what econ 101 would say, right? You're the one making the claim that it doesn't. If such a claim is self evident, then you should be able to produce some kind of reasoning as to why it is so, no?

Re: Job vacancies surge past one million in new record

#333

Post by disgruntledphd2 »

nicoburns wrote: post #264
disgruntledphd2 wrote: post #176

Earlier quoted context omitted.

Probably not in the UK, as the house-owning population are much older and tend to vote Conservative (the current governing party). Young people are already screwed, and unless they all show up to vote in marginal constituences (unlikely) then they'll continue to get screwed, unfortunately.

Right, but the age cohorts that are screwed are only going to get older over time (unless policy changes).

That time is well beyond the average politicians event horizon, I suspect.

Re: Job vacancies surge past one million in new record

#334

Post by GordonS »

genocidicbunny wrote: post #329
GordonS wrote: post #317

Earlier quoted context omitted.

I heard recently that there is a separate, lower minimum wage for people with disabilities, which I was pretty shocked and disgusted to learn. I also heard that there is a separate minimum wage for tipped jobs - something in the region of a paltry $2.50/h, if I recall correctly?

The tipped jobs minimum wage is a bit odd in that its not the actual minimum wage, its more of the minimum amount a business can pay an employee that otherwise earns at least the traditional minimum wage via tips. So if you're not pulling in enough tips to meet the federal or state minimum wage, the business has to make up that shortfall.

Thinking about it, this also disproves the common refrain by business owners of "we can't raise wages, or we'd have to raise prices, and people wouldn't pay them".

Aside from the fact that prices wouldn't need to go up that much, as wages are only part of running costs, people are already paying more than the sticker price by paying in tips.

Re: Job vacancies surge past one million in new record

#335

Post by jjav »

screye wrote: post #305
onlyrealcuzzo wrote: post #266

Earlier quoted context omitted.

Old ladies in multi-million dollar homes is largely a myth. Sure, there are some of them. But it's absurd to think this is anywhere near the majority. Short Term rentals make up These are just excuses. These aren't real problems. The real problem is artificially low interest rates, artificial scarcity caused by NIMBYism, low downpayments (backed by Fannie & Freddie), tax breaks for home owners but not for renters, hi…

We see this time and again. Blame everyone else but the common man. Mobs are naturally susceptible to act in their own self interest and what we see today is a natural consequence of housing as an investment and your biggest asset. Nimbys are simply protecting an investment. In a captalistic society we have to change the incentives to drive action. Allow renters vote on local zoning regulation. Hell, remove stringent…

> Allow renters vote on local zoning regulation.

What does this mean? If any zoning regulation comes up for public vote, everyone elegible to vote gets to vote on it.

Or are you suggesting renters should have special access to vote on these issues?

Re: Job vacancies surge past one million in new record

#336

Post by dbetteridge »

GordonS wrote: post #319
dbetteridge wrote: post #210

Related discussion happening on reddit about this, personally i've already noticed an uptick in wages for Software Engineers in London and an increase in remote roles. https://www.reddit.com/r/unitedkingdom/comments/pivruo/the_1...

I've noticed a big uptick in availability of senior roles (e.g. Architect) recently, but also a big uptick in salary - I've had several recruiters contacting me over the past month for senior roles in the range of £80-95k, and every one was OK with remote work too. Never seen anything like it.

Yep exactly the same here, non-stop recruiter mail on linkedin since Nov 2020 (when I moved to my current role from one of these).

Senior roles in the 80-100k range, a few 'team lead' and fintech's looking around 140-160k (these were much more office focused though).

Re: Job vacancies surge past one million in new record

#337

Post by jjav »

conductr wrote: post #291
onlyrealcuzzo wrote: post #266

Earlier quoted context omitted.

Old ladies in multi-million dollar homes is largely a myth. Sure, there are some of them. But it's absurd to think this is anywhere near the majority. Short Term rentals make up These are just excuses. These aren't real problems. The real problem is artificially low interest rates, artificial scarcity caused by NIMBYism, low downpayments (backed by Fannie & Freddie), tax breaks for home owners but not for renters, hi…

I've come to believe flipping is a major problem, at least in my locale. A $300K house gets $50K of "improvements", then the investors needs $100K profit after commissions are covered and so we're in the $500K range for the next buyer and very little value was added. It's often the proverbial "lipstick on a pig" house after the renovations. There's little to no regulations on flippers. They can be DIY people that hav…

> I've come to believe flipping is a major problem, at least in my locale. A $300K house gets $50K of "improvements", then the investors needs $100K profit after commissions are covered and so we're in the $500K range for the next buyer and very little value was added.

That's not quite how it works though. How much the investor spent in changes is not relevant. What matters is how much the next buyer values those changes.

If the investor bought the place for 300K and spent 50K on giant pink flamingo statues all over the yard, the next buyer will likely offer less than 300K.

Only if they spent 50K on improvements that the next buyer feels are worth it an increase the value, then they'll offer more. But in that case, value actually was added.

Re: Job vacancies surge past one million in new record

#338

Post by mmarq »

disgruntledphd2 wrote: post #332
mmarq wrote: post #303

Earlier quoted context omitted.

> Can you provide some references for your (rather strong) claim? My claim is self-evident, if you believe something absurd, you are by definition “far removed from any modern notion of truth”.

Sorry, I don't agree. If the supply of labour increases without any consequent increase in demand, then one would expect to see the price of labour reduce, right? That's what econ 101 would say, right? You're the one making the claim that it doesn't. If such a claim is self evident, then you should be able to produce some kind of reasoning as to why it is so, no?

> Sorry, I don't agree. If the supply of labour increases without any consequent increase in demand, then one would expect to see the price of labour reduce, right?

Which is only true if the foreigner in question teleports themself to their country of origin whenever they are not working. Even if they got all their food delivered from Poorland, there would be an increased demand for deliveries.

> That's what econ 101 would say, right? You're the one making the claim that it doesn't. If such a claim is self evident, then you should be able to produce some kind of reasoning as to why it is so, no?

No, unless we assume that workers don't consume anything and are perfect substitutes, if there is perfect information in the labour market, etc...

None of these assumptions holds true, so the impact of immigration on wages can't be estimated like the impact of potato overproduction on the potato market. So it becomes an empirical question, and evidence suggests that no country experienced long term wage compression because of immigration.

Re: Job vacancies surge past one million in new record

#339

Post by FredPret »

pyrale wrote: post #318
FredPret wrote: post #298

Earlier quoted context omitted.

Oh, I’m sorry that the eye-watering amount of progress isn’t good enough for you, because sometimes it’s faster than other times. Only if every single minute is better than the last by the exact same amount is capitalism working!

Are you the fifth Yorkshireman ? Too bad you left the band before it became famous.

Well, be unhappy then if you insist. I tried.

Re: Job vacancies surge past one million in new record

#340

Post by SquishyPanda23 »

dang wrote: post #271
SquishyPanda23 wrote: post #191

Earlier quoted context omitted.

[flagged]

This sort of comment will get you banned on HN, regardless of how wrong someone else is or you feel they are. If you'd please review https://news.ycombinator.com/newsguidelines.html and stick to the rules when posting here (all of them—you must have broken at least half a dozen here), we'd appreciate it.

okay thanks
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