Halifax December Figures -2.2%

dopester

mitchaa wrote: »

The majorities will not have pay drops like ive already said, so your theory is flawed.
'' The annual average salary is stated at a pittance £26k pa. Some people wouldn't get out of bed for such a dire amount, i personlly think it should be a bit higher and if you look at the actual figures for males in FT work, it actually is. The PT and female workers are having an affect on this £26k, but then i hear your counter argument of the high earning £100k+ bunch propping up the figures so i suppose i can accept £26k to be fairly accurate ''

And there were 8 equally loonies that have agreed with you....Good god:D

You'll work for any wage to put food in your belly and for your family. First recession eh?
http://uk.youtube.com/watch?v=XcjzoydyQIY

JonnyBravo

Zelie wrote: »

A curious post. I'm guessing that in your social group it's fairly normal to bet. I don't think I know anybody who bets on anything with the exception of my dad who used to put 20p bets on for all of us for the Grand National.

All in all I'd say the lack of betting is about different cultural norms rather than faith or lack thereof in what might happen.

No, not really. We occasionally have a bet on silly arguments etc "who was no 1 at Xmas in x year etc" for a fiver but no not regularly and not at the bookies.

Having said that I do have an online betting account. I use it twice a year. Once for the Derby and once for the Grand National.
I hadn't spotted the bet with Ladbrokes but once it was pointed out to me I realised the book was far too conservative (IMO).
Like NDG says it seemed a bit of a "banker".

The interesting part is that my predictions of the size of the falls and the speed of them were among the more conservative on the site and yet it seems the people predicitng the larger drops etc didn't have a bet.
So this is the reason for my musings on the matter.

I'm theorising there could 3 main reasons for these people not betting.

1) Do people simply spout rhetoric on the figures but when it comes to it, not believe it deep down? ie they were worried they would lose. I'm guessing this is the majority.

2) They can't be bothered to set up an online account for the gain. This depends on how much they are going to bet I s'pose.... I bet the most Ladbrokes would let me such was my certainty in the bet..... perhaps others didn't have that much disposable cash? Then why not take it from savings etc? Is this really just hinting at no 1 again?

3) A moral objection to betting. I'm guessing most don't fall into this. Plenty of people are unused to it, yes, (your cultural norm bit?), but once shown a way of near doubling your money (if you believed in the bet) why wouldn't anyone with an ounce of intelligence ask some questions and get the money on eg NDG


Interesting theories, but theories they remain..... until someone steps forward to explain why they didn't bet.

SingleSue

mitchaa wrote: »

Evidence to back up your claims please:rolleyes:

ONS went up 2007 to 2008 and 2008 has been pretty dire. How many times do you need telling, mass unemployment, if you can call it that at 6%:rotfl: has no bearing on average incomes, so how is it going to drop? Asking people to take paydrops??Where is the widespread evidence of this??

The majorities will not have pay drops like ive already said, so your theory is flawed.
'' The annual average salary is stated at a pittance £26k pa. Some people wouldn't get out of bed for such a dire amount, i personlly think it should be a bit higher and if you look at the actual figures for males in FT work, it actually is. The PT and female workers are having an affect on this £26k, but then i hear your counter argument of the high earning £100k+ bunch propping up the figures so i suppose i can accept £26k to be fairly accurate ''

And there were 8 equally loonies that have agreed with you....Good god:D

In the average job around here, £26k would be seen as a blooming good salary!

Yes there are a few (and I mean a few) managerial positions which would pay around that area but for the most part, you are doing well if your employment pays a basic of £18k, with overtimes/bonuses £22-23k.

The average job being advertised has pay scales of around £16k for normal positions...which of course are the norm and not the exception.

I personally would get out of bed at normal pace for 14k, 26k I would be leaping from my pit!

dopester

mitchaa wrote: »

Asking people to take paydrops??Where is the widespread evidence of this??

The majorities will not have pay drops like ive already said, so your theory is flawed.
'' The annual average salary is stated at a pittance £26k pa. Some people wouldn't get out of bed for such a dire amount, i personlly think it should be a bit higher and if you look at the actual figures for males in FT work, it actually is.

Tell it to these 400 Aberdeen workers out of a job. "Don't get out of bed for less than £26,000." "We deserve paradise." "Explain they must pay what we deserve."

Aberdeen City Council confirms 400 jobs to go

Leaders approve £24.5million in cuts in effort to balance 2009 budget.

17 December 2008 20:51 PM



Budget cuts of more than £24million at cash-strapped Aberdeen City Council have been approved.

The decision - which was expected but nonetheless painful to Aberdeen - will see £8.6million slashed from the city's social services and the loss of 400 jobs, including more than 200 classroom assistant posts.

The latest cuts come on top of £35million in savings already agreed by the Liberal Democrat-SNP administration earlier this year.

Thousands of protesters have previously taken to the streets of Aberdeen as details of school closures and service cuts emerged.

An inquiry was also launched into the running of the council by the Accounts Commission watchdog.

Wednesday's vote at a meeting of the full council also saw £5.9million cuts in education and £1.2million in housing.

An attempt by the opposition Labour group to defer the decision was defeated. The group had proposed making a request to the Scottish Government for a five per cent increase in its funding settlement. However the proposal to impose £24.5million of cuts was passed by 20 votes to five, with 13 abstentions.

In coming months when other public and private sector workers are presented with a choice between being let go, redundancy, or a pay-cut, many might find the pay-cut the intelligent choice... which might not be any real burden in a deflationary environment anyway as your money for many things goes further.

Unless you've already taken on big debts to service - especially if you've embraced debt and bought property for the first time at price levels of recent years, then you really feel the pain of deflation.

neverdespairgirl

JonnyBravo wrote: »

Interesting theories, but theories they remain..... until someone steps forward to explain why they didn't bet.

I think a lot of people would not have even thought that Ladbrokes etc offered bets on such things, perhaps?

dopester

mitchaa wrote: »

The majorities will not have pay drops like ive already said, so your theory is flawed.
'' The annual average salary is stated at a pittance £26k pa. Some people wouldn't get out of bed for such a dire amount, i personlly think it should be a bit higher and if you look at the actual figures for males in FT work, it actually is.

Although in fairness to you.. in the same publication:

Aberdeen wages above average

A new study has revealed that Aberdeen workers are the best paid in Scotland.

31 December 2008 07:00 AM


A new study has revealed that Aberdeen workers are the best paid in Scotland.

The average annual salary is £35,959, placing the city employees at 21st in the list of UK wage earnings.

The only other Scottish city to have rates above the UK average of £31,323 is Edinburgh. The average national wage in Scotland is £28,296.

The report was conducted by GMB union also found that workers in London came top of the pay table with the average wage of £46,000 per annum, nearly double the pay found in some regions.

The average pay in the City of London was £82,000.

Aberdeenshire was fourth overall in Scotland with an average income of £29,048, while Moray came 30 out of 32 with an average wage of £23,325.

Harry Donaldson general secretary of GMB Scotland, told the Aberdeen Evening Express: "This analysis shows the regions and areas that did go some way to replace the skilled manufacturing jobs that were lost in the recessions in the 1980s and 1990s and those regions and areas still do so.

"We will see if earning in Scotland holds up in 2009 in the face of this slowdown.

"As well as taking measures to restart their economies, governments in the UK and elsewhere need to take steps to deal once and for all with the elements in the financial sector responsible for this recession."

We shall indeed see. mitchaa.

Don't get too carried away be the average wage though.

Just what is average?

The "average" salary is £24,000, but most people earn less. Most people have an "above average" number of feet. In his fourth lesson of a weekly series, author Michael Blastland cracks the myth of the average.

Lesson Four: Averages

http://news.bbc.co.uk/1/hi/magazine/7581120.stm

mitchaa

Dopester, i intentionally put the fishing smilies to highlight the paragraph i knew that would cause a stir. I do agree with you about salaries, the average wage of £26k is only seen by the 65th percentile, so the majorities earn less than this, probably a lot less like Sue has said. In many parts of the country £26k could be seen as a managerial wage, perhaps degree qualified so a lot of people are no-where near this.

Im not naive, 1 of my brothers is a postman, earns around £18k pa and does more work than what i do, again i have friends in other manual jobs, drivers, factory workers etc on £15-16k. I know this is real world stuff, i'm not deluded.

I was only jesting with the get out of bed comment, of course if it come to it, i would work my a*s off to provide for my family at any salary.

JonnyBravo

neverdespairgirl wrote: »

I think a lot of people would not have even thought that Ladbrokes etc offered bets on such things, perhaps?

Absolutely.
I wouldn't have gone looking for it.

But once it was highlighted by kennyboy66 in what was quite a popular thread (1700+ views) it's baffling why more of the regulars who read every thread didn't pile in with some cash.

amcluesent

Lotus-eater

JonnyBravo wrote: »

Absolutely.
I wouldn't have gone looking for it.

But once it was highlighted by kennyboy66 in what was quite a popular thread (1700+ views) it's baffling why more of the regulars who read every thread didn't pile in with some cash.

I remember the thread, but I never looked into it, never allowing myself to gamble.

So what was the bet and what odds did you get?