Yet the Tories say it’s all your fault for being unable to cook & budget.
> Wages fall sharply
That’s not what we’ve seen. When recruiting for warehouse & office staff they have gone up buy about 20% in the past year or so.
Considering some job markets are seeing pretty decent growth right now, surely this only leads to a greater widening of the wealth gap?
If those on hourly wages or remaining where they are will see a reduction in real income due to inflation (as the article explains) but those with the flexibility to change jobs can see 15-20%+ pay rises due to market growth, the comfortable become more well off and the gap only widens.
I don’t make minimum wage as a bicycle courier. I worked 5 hours for just over £13 last Monday.
Demand has completely collapsed, feel like a canary in the coal mine.
I work in HR and the people on the phones in the inbound call centre in particular have been literally begging for overtime hours to be posted so they can just scrape a few extra pounds a week. You can feel the desperation.
I’ve heard that there have been tears in team leaders 1 to 1s on more than one occasion this year over peoples money and wage worries.
Next winter is going to be horrific for the people who are plugging away for minimum wage incomes. I don’t think its quite sunk in for some people. The struggle is real.
I’d be interested to see the relative wage growth of different sectors. I’d suspect roles that are heavy in demand like HGV drivers and IT are growing at a rapid rate, while maybe some other sectors have completly stagnated. To me I struggle to make sense of a situation of having both stagnant wages and high job vacancies without breaking it down into sectors of the job market.
The read the governments best intention with some of there recent comments, perhaps what they are pushing for workers to do is leave the stagnant job sectors, switching over to sectors desperate for staff and thus offering higher wages. This would lead to vacancies being filled while driving wages up in the stagnated sectors as employees leave that sector. Though how practical that is to do, I do not know.
This surely will lead to wage growth soon. A massive supply gap in workers, alongside rampant inflation has historically resulted in wage growth.
Pretty remarkable we now have more vacancies than unemployed people for the first time ever
I suspect a fair number of those previously unemployed have taken themselves of the register and become ‘self-employed’ – often scraping by in penurious circumstances just to get away from the constant harassment of the DWP.
Time to open the immigration gates wide. Not from EU but from farther away. India? Pakistan? Hong kong? Go priti go
This has gone on for so long as well.
What the fuck is the point of using employment figures as some kind of metric for social success when so many people *in work* cannot afford to survive without significant support from the state?
Its a completely false economy and the Tories have spent the last decade building it up so they can just weasel around this hellish labour market they have allowed to develop.
They said they were the party that would make work pay and look at us now, hundreds of thousands in insecure work they could lose at a moment’s notice with no security no backup and all the support systems behind them willing to throw them to the scrapheap if anything goes wrong for them.
Labour, the Unions, the left, anyone outside of the Tory window of acceptability has been shouting this from the rooftops for years. Now we are in a position where things are really going to bite and we have nothing but this charade of high employment as if that magically solves all problems by itself. Blaming people for going hungry *while they work* is just so beyond the fucking pale but time and again Tories show they have no issue saying the most outrageously disgusting things about their own constituents and voters.
Remember when this first started to raise its head comments from the party in goverment equated to “we can’t support people because the kind of people who need support would sooner spend that help on crack cocaine and hookers before feeding their own children”. That is a near direct quote from a government MP that was *defended* by himself and others when called out.
Goes to show again that “low unemployment” doesn’t mean shit if inflation and poverty are not controlled
that’s wonderful! now my tenants have another job i can raise the rent 🙂
I love how it says “but” as though it’s a silver lining.
Unemployment has dropped because people are taking on second jobs and wages have fell sharply because these second jobs may not have as high a wage as their first.
oh look, this cabinet’s stated aims of having british citizens work harder for less money have actually been achieved. well done everyone who votes tory, you certainly have made this country a much better place for brazen exploitation of workers.
Look what happens when you encourage the billionaire class
Wages decline, profits for CEOs and large corporations increase, Small home grown businesses die as large corporations expand, workers flock to large companies for a means to live. Wages decrease further, profits become larger. Profits used to lobby for better tax breaks for said corporations.
A slave state, corruption and the last days of Rome.
So all going to plan then where people all have part time jobs that pay them little with no job security
More people need more work due to the cost of living going up and so labour value has dropped. This will have a negative feedback loop like it has for the past 12 years.
Translation: You are all more slave like and employers have got more of you putting up with it.
21 comments
Yet the Tories say it’s all your fault for being unable to cook & budget.
> Wages fall sharply
That’s not what we’ve seen. When recruiting for warehouse & office staff they have gone up buy about 20% in the past year or so.
Considering some job markets are seeing pretty decent growth right now, surely this only leads to a greater widening of the wealth gap?
If those on hourly wages or remaining where they are will see a reduction in real income due to inflation (as the article explains) but those with the flexibility to change jobs can see 15-20%+ pay rises due to market growth, the comfortable become more well off and the gap only widens.
I don’t make minimum wage as a bicycle courier. I worked 5 hours for just over £13 last Monday.
Demand has completely collapsed, feel like a canary in the coal mine.
I work in HR and the people on the phones in the inbound call centre in particular have been literally begging for overtime hours to be posted so they can just scrape a few extra pounds a week. You can feel the desperation.
I’ve heard that there have been tears in team leaders 1 to 1s on more than one occasion this year over peoples money and wage worries.
Next winter is going to be horrific for the people who are plugging away for minimum wage incomes. I don’t think its quite sunk in for some people. The struggle is real.
I’d be interested to see the relative wage growth of different sectors. I’d suspect roles that are heavy in demand like HGV drivers and IT are growing at a rapid rate, while maybe some other sectors have completly stagnated. To me I struggle to make sense of a situation of having both stagnant wages and high job vacancies without breaking it down into sectors of the job market.
The read the governments best intention with some of there recent comments, perhaps what they are pushing for workers to do is leave the stagnant job sectors, switching over to sectors desperate for staff and thus offering higher wages. This would lead to vacancies being filled while driving wages up in the stagnated sectors as employees leave that sector. Though how practical that is to do, I do not know.
This surely will lead to wage growth soon. A massive supply gap in workers, alongside rampant inflation has historically resulted in wage growth.
Pretty remarkable we now have more vacancies than unemployed people for the first time ever
I suspect a fair number of those previously unemployed have taken themselves of the register and become ‘self-employed’ – often scraping by in penurious circumstances just to get away from the constant harassment of the DWP.
Time to open the immigration gates wide. Not from EU but from farther away. India? Pakistan? Hong kong? Go priti go
This has gone on for so long as well.
What the fuck is the point of using employment figures as some kind of metric for social success when so many people *in work* cannot afford to survive without significant support from the state?
Its a completely false economy and the Tories have spent the last decade building it up so they can just weasel around this hellish labour market they have allowed to develop.
They said they were the party that would make work pay and look at us now, hundreds of thousands in insecure work they could lose at a moment’s notice with no security no backup and all the support systems behind them willing to throw them to the scrapheap if anything goes wrong for them.
Labour, the Unions, the left, anyone outside of the Tory window of acceptability has been shouting this from the rooftops for years. Now we are in a position where things are really going to bite and we have nothing but this charade of high employment as if that magically solves all problems by itself. Blaming people for going hungry *while they work* is just so beyond the fucking pale but time and again Tories show they have no issue saying the most outrageously disgusting things about their own constituents and voters.
Remember when this first started to raise its head comments from the party in goverment equated to “we can’t support people because the kind of people who need support would sooner spend that help on crack cocaine and hookers before feeding their own children”. That is a near direct quote from a government MP that was *defended* by himself and others when called out.
Goes to show again that “low unemployment” doesn’t mean shit if inflation and poverty are not controlled
that’s wonderful! now my tenants have another job i can raise the rent 🙂
I love how it says “but” as though it’s a silver lining.
Unemployment has dropped because people are taking on second jobs and wages have fell sharply because these second jobs may not have as high a wage as their first.
oh look, this cabinet’s stated aims of having british citizens work harder for less money have actually been achieved. well done everyone who votes tory, you certainly have made this country a much better place for brazen exploitation of workers.
Look what happens when you encourage the billionaire class
Wages decline, profits for CEOs and large corporations increase, Small home grown businesses die as large corporations expand, workers flock to large companies for a means to live. Wages decrease further, profits become larger. Profits used to lobby for better tax breaks for said corporations.
A slave state, corruption and the last days of Rome.
So all going to plan then where people all have part time jobs that pay them little with no job security
More people need more work due to the cost of living going up and so labour value has dropped. This will have a negative feedback loop like it has for the past 12 years.
Translation: You are all more slave like and employers have got more of you putting up with it.
Race to the bottom!