We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

When will salaries go back to normal?

I've noticed that on the few job ads there are the salaries have taken a massive hit, 20k+ in some instances.

That doesn't seem sustainable. Surely anyone forced to accept such a low wage will be looking to move on as soon as things recover from COVID-19.

Or are they expecting a long recession?
«1

Comments

  • Masomnia
    Masomnia Posts: 19,506 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Who knows? I suspect short recession, long recovery. It took ~10 years for wages to recover from the last recession; you wouldn't think it'll be that bad but it shows it can take a long time.
    “I could see that, if not actually disgruntled, he was far from being gruntled.” - P.G. Wodehouse
  • Comms69
    Comms69 Posts: 14,229 Forumite
    10,000 Posts Third Anniversary Name Dropper
    I've noticed that on the few job ads there are the salaries have taken a massive hit, 20k+ in some instances.

    That doesn't seem sustainable. Surely anyone forced to accept such a low wage will be looking to move on as soon as things recover from COVID-19.

    Or are they expecting a long recession?
    Well no-one is forced to accept any wage. The market will dictate that.

    But you can bet there's economic turmoil ahead. 
  • Comms69 said:
    I've noticed that on the few job ads there are the salaries have taken a massive hit, 20k+ in some instances.

    That doesn't seem sustainable. Surely anyone forced to accept such a low wage will be looking to move on as soon as things recover from COVID-19.

    Or are they expecting a long recession?
    Well no-one is forced to accept any wage. The market will dictate that.

    But you can bet there's economic turmoil ahead. 
    People are forced to accept low wages. Bills to pay, threat of stopping JSA if you don't.
  • Comms69
    Comms69 Posts: 14,229 Forumite
    10,000 Posts Third Anniversary Name Dropper
    Comms69 said:
    I've noticed that on the few job ads there are the salaries have taken a massive hit, 20k+ in some instances.

    That doesn't seem sustainable. Surely anyone forced to accept such a low wage will be looking to move on as soon as things recover from COVID-19.

    Or are they expecting a long recession?
    Well no-one is forced to accept any wage. The market will dictate that.

    But you can bet there's economic turmoil ahead. 
    People are forced to accept low wages. Bills to pay, threat of stopping JSA if you don't.
    No, those are choices. You arent forced to have bills, you arent forced to claim JSA.

    You choose these things.
  • Comms69 said:
    Comms69 said:
    I've noticed that on the few job ads there are the salaries have taken a massive hit, 20k+ in some instances.

    That doesn't seem sustainable. Surely anyone forced to accept such a low wage will be looking to move on as soon as things recover from COVID-19.

    Or are they expecting a long recession?
    Well no-one is forced to accept any wage. The market will dictate that.

    But you can bet there's economic turmoil ahead. 
    People are forced to accept low wages. Bills to pay, threat of stopping JSA if you don't.
    No, those are choices. You arent forced to have bills, you arent forced to claim JSA.

    You choose these things.
    Having a roof over your eat and foot to eat is a choice?
  • Comms69
    Comms69 Posts: 14,229 Forumite
    10,000 Posts Third Anniversary Name Dropper
    Comms69 said:
    Comms69 said:
    I've noticed that on the few job ads there are the salaries have taken a massive hit, 20k+ in some instances.

    That doesn't seem sustainable. Surely anyone forced to accept such a low wage will be looking to move on as soon as things recover from COVID-19.

    Or are they expecting a long recession?
    Well no-one is forced to accept any wage. The market will dictate that.

    But you can bet there's economic turmoil ahead. 
    People are forced to accept low wages. Bills to pay, threat of stopping JSA if you don't.
    No, those are choices. You arent forced to have bills, you arent forced to claim JSA.

    You choose these things.
    Having a roof over your eat and foot to eat is a choice?
    Of course it is. 
    Basically you have two situations where you have no choice (and arguabley the second you can still choose the timing) you are born, and you will die.In the finite time you are here you can choose to do anything you like. That includes choosing to exchange labour for money. 

    If you feel your labour is worth more than someone is willing to pay, do something about it. If not, unless you are literally in enforced servitude, you are making choices.
  • Forum_Name
    Forum_Name Posts: 152 Forumite
    100 Posts First Anniversary Name Dropper
    While technically speaking having a roof over your head is a choice, I don’t think most people would put it in that box when you’re talking about choices. The alternative is living on the street or fending for yourself in a jungle somewhere. 

    Its hardly comparable to something like, well you chose to sleep with that woman, it didn’t just happen, you could’ve said no. 
    Or well you chose to buy your lunch and have takeaway for dinner every day so don’t cry that you’re skint. 

    I dont think anyone ever said, well you chose to have a roof over your head and heating and water. So don’t complain that you’ve been able to feed yourself and stay sheltered all these years. 
  • Comms69
    Comms69 Posts: 14,229 Forumite
    10,000 Posts Third Anniversary Name Dropper
    While technically speaking having a roof over your head is a choice, I don’t think most people would put it in that box when you’re talking about choices. The alternative is living on the street or fending for yourself in a jungle somewhere. 

    Its hardly comparable to something like, well you chose to sleep with that woman, it didn’t just happen, you could’ve said no. 
    Or well you chose to buy your lunch and have takeaway for dinner every day so don’t cry that you’re skint. 

    I dont think anyone ever said, well you chose to have a roof over your head and heating and water. So don’t complain that you’ve been able to feed yourself and stay sheltered all these years. 
    Not quite though, because people tend to complain about negatives. So i would say "well dont complain about the job you're doing, because of it you got to have heating, water, food, etc. No-one forced you. If you dont like it, find something else."

    It is a choice, an easy choice perhaps for many (choosing to work). But whats the alternative?
  • I've noticed that on the few job ads there are the salaries have taken a massive hit, 20k+ in some instances.

    That doesn't seem sustainable. Surely anyone forced to accept such a low wage will be looking to move on as soon as things recover from COVID-19.

    The issue being a lot of employers now want longevity on a CV so that will tie people.  
    Add in Employers who will only recruit someone residing purely in their area.
    I've never learnt the positive art of telling an employer you wish to move on due to salary and not earning enough.
    In fact, a finance company last summer with a job of 20k didn't take to well to this very reasoning (although rightly I managed to shot myself for something else entirely in the end!)
  • TELLIT01
    TELLIT01 Posts: 18,217 Forumite
    Part of the Furniture 10,000 Posts Name Dropper PPI Party Pooper
    I've noticed that on the few job ads there are the salaries have taken a massive hit, 20k+ in some instances.

    That doesn't seem sustainable. Surely anyone forced to accept such a low wage will be looking to move on as soon as things recover from COVID-19.

    The issue being a lot of employers now want longevity on a CV so that will tie people.  
    Add in Employers who will only recruit someone residing purely in their area.
    I've never learnt the positive art of telling an employer you wish to move on due to salary and not earning enough.
    In fact, a finance company last summer with a job of 20k didn't take to well to this very reasoning (although rightly I managed to shot myself for something else entirely in the end!)

    On that basis I wonder how some posters on the board have ever managed to get a job.  There are people here who seem to have worked in just about every sector imaginable (seemingly several at the same time if you look at their posting history) and experienced every scenario.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.1K Banking & Borrowing
  • 253.6K Reduce Debt & Boost Income
  • 454.2K Spending & Discounts
  • 245.1K Work, Benefits & Business
  • 600.7K Mortgages, Homes & Bills
  • 177.5K Life & Family
  • 258.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.