Debate House Prices


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Good News Ahoy!

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Comments

  • lisyloo
    lisyloo Posts: 30,090 Forumite
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    There is also the issue of underemployment, which is people having less employment than they would wish.
    I welcome the news, but I think the devil is in the detail.
    There are a lot of people getting very low payrises, no payrises, worse conditions etc.
  • Generali
    Generali Posts: 36,411 Forumite
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    lisyloo wrote: »
    There is also the issue of underemployment, which is people having less employment than they would wish.
    I welcome the news, but I think the devil is in the detail.
    There are a lot of people getting very low payrises, no payrises, worse conditions etc.

    Yes but on average people are getting large real pay increases: 3+% pa.
  • lisyloo
    lisyloo Posts: 30,090 Forumite
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    Yes but on average people are getting large real pay increases: 3+% pa.

    Yes "on average".
    The puclic sectors workers I know are getting very low payrises.
    The IT workers I know haven't had payrises (outside promotions) for 5-10 years.
    So who is getting these? The low paid? (not in the public sector), the really high paid?
    As I said the devil in the detail.
    If it's a small number of high paid executives, then it's not helping most people.
  • Generali
    Generali Posts: 36,411 Forumite
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    lisyloo wrote: »
    Yes "on average".
    The puclic sectors workers I know are getting very low payrises.
    The IT workers I know haven't had payrises (outside promotions) for 5-10 years.
    So who is getting these? The low paid? (not in the public sector), the really high paid?
    As I said the devil in the detail.
    If it's a small number of high paid executives, then it's not helping most people.

    There are too few executives to skew the figures to the extent that pay rises would be 3% above inflation on average.

    The plural of anecdote isn't data.

    If you have some specific data which contradicts the NSO then please put it up as I'd be fascinated to see it. Otherwise this is just speculation.
  • gadgetmind
    gadgetmind Posts: 11,130 Forumite
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    danothy wrote: »
    I think we can safely assume that the 19% of new employment that isn't full time will be zero hour contracts, which is terrible. Utterly terrible.

    And you're utterly wrong. My wife for instance transitioned from housewife (so "Not in labour force") to a part time local government job, with contracted hours. She doesn't have a full time job because she simply doesn't want one.
    I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.

    Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.
  • gadgetmind
    gadgetmind Posts: 11,130 Forumite
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    lisyloo wrote: »
    The puclic sectors workers I know are getting very low payrises.

    My wife got (from memory) around 7% in her public sector job, without a promotion.
    The IT workers I know haven't had payrises (outside promotions) for 5-10 years.

    We employ a lot of engineers working in what most regards as IT and gave 3.5% rises on average. Some were higher, almost none below 2%.
    If it's a small number of high paid executives

    Errr, no.
    I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.

    Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.
  • lisyloo
    lisyloo Posts: 30,090 Forumite
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    If you have some specific data which contradicts the NSO then please put it up as I'd be fascinated to see it. Otherwise this is just speculation.

    I am not at all contradicting the figures.
    I totally accept the average.
    You must however accept that a mean average does not mean everyone is getting it and public sector deals have been widely advertised in the nation press.

    http://www.independent.co.uk/news/uk/politics/public-sector-pay-rises-to-be-capped-at-1-per-cent-for-another-four-years-osborne-announces-10374980.html
  • lisyloo
    lisyloo Posts: 30,090 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    We employ a lot of engineers working in what most regards as IT and gave 3.5% rises on average. Some were higher, almost none below 2%.

    Do you have anything more than anecdotal?
  • gadgetmind
    gadgetmind Posts: 11,130 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    edited 14 October 2015 at 1:48PM
    lisyloo wrote: »
    Do you have anything more than anecdotal?

    Well, we employ nearly 2000 people, so I've got 2000 anecdotes. :D

    Your claimed that the rise was just down to a "small number of high paid executives", so what's that claim based on? It doesn't match what I see around me, doesn't seem at all likely based on simple mathematics, so what's behind your claim?
    I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.

    Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    many public sector workers are on incremental pay scales so do in practice get yearly pay rises in addition to the one percent
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