Obviously not enough to stop huge numbers leaving.
Originally posted by @OldComputerNerd
My son is 22, does not have a degree, in fact we all agreed further ‘schooling’ would be wasted on him, but he got onto an apprenticeship at 18 where he was one of 42 out of 5000 applicant to get through the 3 day recruitment process, succesfully did his 3 years, and now he is classed as a professional and has a salary not too far below what you are seeking.
Fuck me. He’d almost have better odds getting on the X-Factor. Or at least The Voice.
Fair play to your nipper for making the grade, but that ratio is ridiculous.
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But you said they’d have to replace those people with cheap labour from elsewhere. I’m saying that the evidence does not support that. What’s your response to that?
Company I ‘consulted’ for before I retired had this as their ‘cheap labour path’…
Germany > UK > Hungary > India > Romania/India
…after the move to India sourced skills my stress levels became somewhat loaded!
Now that is where there most certainly is a different very different work ethic…
…but look at the money saved!!!
I’m saying for the EU to expand and to function it has to allow nations in, Lithuania’s population has hugely decreased and those tax revenues will be hugely felt in the long term, rising wages could be a supply and demand issue in fact it probably is.
Nice! I was wondering what could allow you to sustain the opportunity cost of the £1Mn per hour toilet-cleaning job 
I’ve got a phone interview with PwC on Monday that I’m preparing for at the moment. I muffed up my A-levels (typical rebellious teenage I suppose, although mixed in with chronic insomia which I actually was prescribed medication for) and only got a BBC (which is below the 300 UCAS points minimum that they used to have). Fortunately they’ve now dropped that policy, as have EY so I’ll give them a crack as well.
You know its funny. I’ve got a friend of mine who’s a nice lad but who only managed a 2:2 at Uni. However, he’s from a rich family and did a bunch of fancy finance internships in China which allowed him to boost his application - and he duly got into Deloitte. Lol.
Thanks for the support mate! I’ll keep buggering on as they say.
Maybe its not common knowledge, but most economists agree that the influx of cheap labour can have very positive benefits for the local economy and ultimately drives up wages… how? Because the skilled influx means companies pay less and can offer exports at cheaper prices - this inturn drives growth of exporting companies and thus need for more skilled labour - which is ehen supply and demand drives up wages. It also means that loacl workforce needs to up its game to compete and thus quality and efficiency gains inturn support further growth and thus …drive up wages. Its basically what happened in Germany (Turkish immigrant workforce) - of course it requires the local workforce to respond with a positive work ethic and look to improve tehir own skills and quality, not just blame immigrants for less opportunituies… an over simplification for sure, but it is something many leading economists support and Germany is not teh only example where this has occured.
Originally posted by @Barry-Sanchez
I’m saying for the EU to expand and to function it has to allow nations in, Lithuania’s population has hugely decreased and those tax revenues will be hugely felt in the long term, rising wages could be a supply and demand issue in fact it probably is.
Although that decline started in 1991 after the demise of the USSR.
This is the explanation that most people give when saying that ‘immigration is always good for the economy’, which, to a large extent is true in GDP and growth terms,
However, the supposed benefit to the working class is entirely predicated on the assumption that the profits from growth are shared by companies paying higher wages to their staff when the high labour supply means that they just absolutely, utterly don’t need to.
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And? The collapse led to more freedom and more opportunities, I fail to see your point, how can Lithuania continue to function like that? An ever decreasing population.
No one is blaming an individual its the EU, look into the fact Germany needed 600,000 workers for future growth, and I don’t think Marx would agree with the view of the economists, the big corps will always seek to reduce costs.
By employing non unionised workers on short term contracts it does just that. Also this Country doesn’t really have an industry that is our own now.
So, Mr Trampoline did a degree in Philosophy and complains about not getting paid a decent wage. Almost funny. Still at least he’s honest enough to admit he voted Leave for purely selfish reasons.
What selfless reason did you have to vote remain?
Well, you tell me how we get things back into public ownership under the restrictions of the EU.
As was stated prior to the referendum, much of Corbyn’s proposed policy platform would have been illegal under EU law.
There are huge opportunities to build a more equal society outside the EU than there were in, and we have a tradition for pioneering social movements on behalf of the world.
We could never have done that without relying on a huge component of corporate finance within the EU. I think your characterisation of motives is unfair, even as it pertains to MrTrampoline. A quarter of all people his age and under are unemployed and/or nowhere near where their parents were at this stage of life.
26% of 18-25 year olds voted to leave. Self-interest? Sure, but it’s not like it won’t benefit anyone else. If they’re working, they’re paying into the tax system instead of being supported by it.
Nope, the wages rise when demand outstrips supply - the difference between what you and I are saying is simple - you believe your wages are drepressed by over supply… I suggest that long term your wages will increase through under supply of the skills that your company needs - if it choses to use the cheaper supply to drive growth and improve efficiencies to become more competitive.
Its all a lot more complex, but the alternative is to blame immigrants for everything… Gone are the days when a degree in anything from a good old university would see you rise the career ladder - but that ha snothing to do with teh EU and the labour supply - and all to do with too many folks getting degrees purely because of government policy… If you do a degree to follow an academic and intellectual interest, then you cant really compain that it is not differentiating you from your peers. Where I work, the recruits with MSc will start on around £28k in year one - in the south, but will be at 60K by year 3… these salaries are not depressed because of too much supply, they are in line with what it takes to get the calibre we need.
If you are talking ‘working class’ (and why the fuck are we still so obsessed with class labels in this country - you mean more manual and physically demanding work - then there is a strong case of our workers simply not wanting to do certain jobs - and not just because of the pay… the reason the eastern Europeans do the fruit picking is because they will do the back breaking work for a wage farmer can afford to just about make a living, If you want to blame anyone, blame fucking Tesco and the like for driving prices down- in fact blame the people in this country who for years have been obsessed with getting stuff cheaper rather than quality - our fruit and veg, and meat in supermarkets is shit, and tastes of fuck all because of it… and that has been our country’s choice. They pay more for fruit veg and meat in France etc because its local seasonaland high quality - and costs more to produce.
Its convenient to blame the EU, migrants etc, but the truth is, our industry and physical work has been fucked since the early 70s through under investment, union actions, and poor quality product that no one wanted… the legacy of that is felt to this day, yet its easier to blame johnny foreigner than take a long hard look at the shit this country produced post 60s…
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It’s got fuck all to do with too many people having degrees. Specifically, it’s a combination of too many people having degrees that aren’t marketable, and having to pay through your fucking nose to get more than one degree (if the first doesn’t work out), or something better than a bachelors.
There used to be a time when having multiple degrees was seen as a good thing.
You contradict yourself there - but I will let that go… but then folks paying 30k for a UK degree when they could get it FREE in Germany and taught in English seems to be odd choice, but sadly if Brexit goes through, thats one choice that will no longer be avaialblle to our young people without paying through the nose…
Blair’s 50% into higher education was a fucking ridiculous policy. All that was needed was a toimprove schools to ensure OPPORTUNITY was the same for all, not create tons of university places available to less A level points… but that is another debate
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Originally posted by @areloa-grandee
Originally posted by @MrTrampoline
Originally posted by @areloa-grandee
Maybe its not common knowledge, but most economists agree that the influx of cheap labour can have very positive benefits for the local economy and ultimately drives up wages… how? Because the skilled influx means companies pay less and can offer exports at cheaper prices - this inturn drives growth of exporting companies and thus need for more skilled labour - which is ehen supply and demand drives up wages. It also means that loacl workforce needs to up its game to compete and thus quality and efficiency gains inturn support further growth and thus …drive up wages. Its basically what happened in Germany (Turkish immigrant workforce) - of course it requires the local workforce to respond with a positive work ethic and look to improve tehir own skills and quality, not just blame immigrants for less opportunituies… an over simplification for sure, but it is something many leading economists support and Germany is not teh only example where this has occured.
This is the explanation that most people give when saying that ‘immigration is always good for the economy’, which, to a large extent is true in GDP and growth terms,
However, the supposed benefit to the working class is entirely predicated on the assumption that the profits from growth are shared by companies paying higher wages to their staff when the high labour supply means that they just absolutely, utterly don’t need to.
Nope, the wages rise when demand outstrips supply - the difference between what you and I are saying is simple - you believe your wages are drepressed by over supply… I suggest that long term your wages will increase through under supply of the skills that your company needs - if it choses to use the cheaper supply to drive growth and improve efficiencies to become more competitive.
Wait. Hold on.
You’re arguing that my company making the most of the cheap labour will grow and expand and therefore have more money. Why would it then suddenly hit by a sudden undersupply of labour to the point that it will _ have to _ increase wages?
(Incidentally I completely and totally agree re. Blair’s 50% into higher education being a complete balls-up. It’s only increased the gap between rich/privileged and not-so privileged because the ones that do well are the rich kids who can afford to do internships or who’s parents can bankroll their masters degree.
Corbyn’s lifelong education policy will mean that people aren’t fucked when the winds of corporate requirements change. There’s no contradiction with the right policy.