Its so hard right now. Especially for the young adults entering the workforce. The jobs are just increasingly not there and what is on offer isn’t going to pay enough to build any kind of life other than subsistence existence.
No sooner are you in a job, earning enough to have any kind of disposable income, you inevitably fall in to the rent trap for 20 years..
The whole PAYE job scene has become “end product candidates only” at every pay spine.
If I was a young man again, I’d be focusing on a trade and targeting self employment (and then, sadly, very likely emigration) ASAP.
NigeIFarage on
The thing that economists warned would be the side effects of the NI hike is happening. Who would’ve thought
SlightlyAngyKitty on
So you’re saying the solution is to hit the poorest the hardest, again? 🤔
HotelPuzzleheaded654 on
First budget made it more expensive to employ people which disproportionately affects entry level roles and now the second budget will likely increase income tax for higher and additional rate payers so will squeeze those left in employment.
Have to say it’s a kick in the teeth when they’re also simultaneously limiting tax relief mechanisms like salary sacrifice and increasing the welfare bill.
I’d like to have kids too, but being responsible about it feels like I’m being punished?
bulldog_blues on
Something I’ve noticed about the job market the past year or two is that when someone gets promoted or otherwise leaves their job in a company, whereas before the company would recruit to replace them, nowadays they don’t bother and just spread the same amount of work around fewer people.
So even if your team of ten has over time become a team of seven, those seven people are expected to do nearly 50% more work each with not even a thought given to maybe hiring a couple of people back.
If that’s happening across the country, the gradual increase in unemployment rate isn’t a surprise at all.
Intrepid_Solution194 on
Good news is though eventually you will be able to earn more being unemployed than being employed…
raven43122 on
Crack with your down votes, but the last “once in a life time” budget crippled the economy.
Loads of firms scaled back on expanding or hiring to pay for hikes in tax.
This is the result.
Now she’s back, and it was all for nothing and there is another black hole that needs “non working people “ to fill.
Taking money from hard working people that then will have less income to spend in the economy.
The only conclusion is they don’t know what they are doing.
I never thought I’d say this but I’d rather Sunak and hunt back
Extra-Fig-7425 on
The employer NIC really killed hiring, the company i worked for couldn’t hire anyone extra because of it, we only just managed to keep our jobs.
RoyalMaleGigalo on
Our economy is heavily reliant on services. Automation and AI is going to decimate employment opportunities. If the foundation of our economy isn’t supplying money to the rest of it we are in for big trouble!
No good being a tradesmen if there is no trade for you to undertake.
The capitalist model does not work with an economy that is heavily automated. Mechanically or AI.
We must find a way to share wealth far more equally than it is now to keep the whole thing chugging along. No good just have 100 people with all the money.
9 commenti
Its so hard right now. Especially for the young adults entering the workforce. The jobs are just increasingly not there and what is on offer isn’t going to pay enough to build any kind of life other than subsistence existence.
No sooner are you in a job, earning enough to have any kind of disposable income, you inevitably fall in to the rent trap for 20 years..
The whole PAYE job scene has become “end product candidates only” at every pay spine.
If I was a young man again, I’d be focusing on a trade and targeting self employment (and then, sadly, very likely emigration) ASAP.
The thing that economists warned would be the side effects of the NI hike is happening. Who would’ve thought
So you’re saying the solution is to hit the poorest the hardest, again? 🤔
First budget made it more expensive to employ people which disproportionately affects entry level roles and now the second budget will likely increase income tax for higher and additional rate payers so will squeeze those left in employment.
Have to say it’s a kick in the teeth when they’re also simultaneously limiting tax relief mechanisms like salary sacrifice and increasing the welfare bill.
I’d like to have kids too, but being responsible about it feels like I’m being punished?
Something I’ve noticed about the job market the past year or two is that when someone gets promoted or otherwise leaves their job in a company, whereas before the company would recruit to replace them, nowadays they don’t bother and just spread the same amount of work around fewer people.
So even if your team of ten has over time become a team of seven, those seven people are expected to do nearly 50% more work each with not even a thought given to maybe hiring a couple of people back.
If that’s happening across the country, the gradual increase in unemployment rate isn’t a surprise at all.
Good news is though eventually you will be able to earn more being unemployed than being employed…
Crack with your down votes, but the last “once in a life time” budget crippled the economy.
Loads of firms scaled back on expanding or hiring to pay for hikes in tax.
This is the result.
Now she’s back, and it was all for nothing and there is another black hole that needs “non working people “ to fill.
Taking money from hard working people that then will have less income to spend in the economy.
The only conclusion is they don’t know what they are doing.
I never thought I’d say this but I’d rather Sunak and hunt back
The employer NIC really killed hiring, the company i worked for couldn’t hire anyone extra because of it, we only just managed to keep our jobs.
Our economy is heavily reliant on services. Automation and AI is going to decimate employment opportunities. If the foundation of our economy isn’t supplying money to the rest of it we are in for big trouble!
No good being a tradesmen if there is no trade for you to undertake.
The capitalist model does not work with an economy that is heavily automated. Mechanically or AI.
We must find a way to share wealth far more equally than it is now to keep the whole thing chugging along. No good just have 100 people with all the money.