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  • FIRST POST
    • FatherAbraham
    • By FatherAbraham 11th Oct 18, 8:02 PM
    • 903Posts
    • 669Thanks
    FatherAbraham
    How to profit from BREXIT
    • #1
    • 11th Oct 18, 8:02 PM
    How to profit from BREXIT 11th Oct 18 at 8:02 PM
    It is of no consequence whether Brexit is right or wrong.

    How can one exploit the opportunities, uncertainties, hope and fears to become rich?
    Last edited by FatherAbraham; 11-10-2018 at 8:52 PM.
    Thus the old Gentleman ended his Harangue. The People heard it, and approved the Doctrine, and immediately practised the Contrary, just as if it had been a common Sermon; for the Vendue opened ...
    THE WAY TO WEALTH, Benjamin Franklin, 1758 AD
Page 3
    • dividendhero
    • By dividendhero 13th Oct 18, 7:28 PM
    • 274 Posts
    • 284 Thanks
    dividendhero
    Though with less access to a pool of cheap labour. The minumum wage may not be the defacto wage in certain industries. Once companies are forced to offer better packages to recruit staff.
    Originally posted by Thrugelmir
    In my experience it's not so much that EU workers are cheaper...they're just better workers than their British counterparts with much more of a work ethic. I do realise that the ones in the UK aren't representative of everyone from their home country as they've had the get up and go to move to another country.

    In some industries such as hairdressing, employers will have no choice other than to hire Brits instead of EU migrants. But many other companies will still employ EU staff, but in their home countries - in the industry I work in, IT East Europeans are just as good as Brits but cost less than half to employ. On top of this they'll have freedom of movement so they can work anywhere from Oslo to Athens with no red tape
    • Thrugelmir
    • By Thrugelmir 13th Oct 18, 8:52 PM
    • 60,167 Posts
    • 53,505 Thanks
    Thrugelmir
    In my experience it's not so much that EU workers are cheaper
    Originally posted by dividendhero
    EU workers aren't cheaper. The minimum wage determines that. Employers however have no need to offer higher wage packages. A totally different matter. Lower wages paid = higher profits for the business.

    But many other companies will still employ EU staff, but in their home countries - in the industry I work in, IT East Europeans are just as good as Brits but cost less than half to employ.
    Then people complain that the UK is turning into a low wage economy. Ultimately you reap what you sow. You may well find yourself expendable in the future.
    Last edited by Thrugelmir; 13-10-2018 at 8:55 PM.
    Financial disasters happen when the last person who can remember what went wrong last time has left the building.
    • bemorebitcoin
    • By bemorebitcoin 13th Oct 18, 9:03 PM
    • 2 Posts
    • 2 Thanks
    bemorebitcoin
    Bitcoin could still be a good bet, or safety net to keep a small % of your savings. A pound used to get you 2 dollars, and now it's just over 1, of course you could just buy dollars or any other currency as well but who knows how long they will last!
    • veryintrigued
    • By veryintrigued 13th Oct 18, 9:13 PM
    • 2,535 Posts
    • 2,073 Thanks
    veryintrigued


    Then people complain that the UK is turning into a low wage economy. Ultimately you reap what you sow. You may well find yourself expendable in the future.
    Originally posted by Thrugelmir
    Presumably they'll be no complaints because:

    "They're just better workers than their British counterparts with much more of a work ethic".

    What a horrible generalisation.
    • veryintrigued
    • By veryintrigued 13th Oct 18, 9:25 PM
    • 2,535 Posts
    • 2,073 Thanks
    veryintrigued
    EU workers aren't cheaper. The minimum wage determines that. Employers however have no need to offer higher wage packages. A totally different matter. Lower wages paid = higher profits for the business.



    Then people complain that the UK is turning into a low wage economy. Ultimately you reap what you sow. You may well find yourself expendable in the future.
    Originally posted by Thrugelmir
    Presumably they'll be no complaints because:

    "They're just better workers than their British counterparts with much more of a work ethic".

    What a horrible generalisation.
    Originally posted by veryintrigued
    Those pesky xenophobic Brexiteers eh?
    • dividendhero
    • By dividendhero 14th Oct 18, 10:09 AM
    • 274 Posts
    • 284 Thanks
    dividendhero


    Then people complain that the UK is turning into a low wage economy. Ultimately you reap what you sow. You may well find yourself expendable in the future.
    Originally posted by Thrugelmir
    I'm up for retirement soon, so really not bothered about my job going to mainland Europe. In fact I'd welcome it as the pay off would be handy.

    Much more serious for the younger British workers though, especially those working on european projects. At the moment any of us can jet of to anywhere in europe and do a job whether it's one hour or one year. Come Brexit the UK workers are likely to need a visa, guess the EU based staff will get the gigs in Barcelona and Munich while the Brits will have the joys of getting the gigs in Sunderland or Skelmersdale
    • Captain Bravo
    • By Captain Bravo 14th Oct 18, 10:50 AM
    • 13 Posts
    • 17 Thanks
    Captain Bravo
    I started a property maintenance company in Jan 2010, in Scotland. A lot of gardening jobs, cleaning jobs, handyman works etc After 3-4 years I started employing different people to help me, as I got more and more work coming in and I expanded my customer base quite a lot. I am an EU worker by the way


    In my experience the EU workers are cheaper... I hired lots of people in the last 5 years, I worked with local scottish people and I worked with a lot of EU workers. I found a decent scottish gardener a few years ago, a very nice man , in his 50s, but he charged me minimum 16 pounds per hour. That was more that I could charge the customers, most of the time So I worked with that local scottish gardener only on a few occasions, on big gardening projects where my profit margin could support his payment requirements.

    Except that one, all the other local folk I hired, they were doing a bad job and had a bad work ethic.
    So thanks, but no, thanks.

    I always hire EU workers, they work hard, they can do the same job with 10 pounds an hour and they have a great work ethic in comparison.

    Brexit will affect my business in terms of forcing me to hire more local people, since the pool of EU workers will be much smaller, but in the end, the quality of work will drop big time or the price will double, either way, I might be out of business in a few years.
    No offence, this is just my personal experience of course I might be wrong...
    • Glen Clark
    • By Glen Clark 14th Oct 18, 10:58 AM
    • 4,245 Posts
    • 3,263 Thanks
    Glen Clark
    You really need to own an investment company and look a character out of the Beano!
    Originally posted by Rheumatoid
    ..... and have inside political knowlege to know which businesses are going to get support from the taxpayer
    It is difficult to get a man to understand something, when his salary depends on his not understanding it. --Upton Sinclair
    • veryintrigued
    • By veryintrigued 14th Oct 18, 11:04 AM
    • 2,535 Posts
    • 2,073 Thanks
    veryintrigued
    I'm up for retirement soon, so really not bothered about my job going to mainland Europe. In fact I'd welcome it as the pay off would be handy.
    Originally posted by dividendhero
    How selfishly sad.
    • Apodemus
    • By Apodemus 14th Oct 18, 1:09 PM
    • 1,083 Posts
    • 890 Thanks
    Apodemus
    How selfishly sad.
    Originally posted by veryintrigued
    Thats a pretty cruel bit of editing there...or perhaps you are just selfishly sad! Dividend hero did go on to say how bad it would be for younger workers!
    • veryintrigued
    • By veryintrigued 14th Oct 18, 4:11 PM
    • 2,535 Posts
    • 2,073 Thanks
    veryintrigued
    That’s a pretty cruel bit of editing there...or perhaps you are just selfishly sad! Dividend hero did go on to say how bad it would be for younger workers!
    Originally posted by Apodemus
    The fact that they are not bothered about their job going abroad (to someone more skilled presumably - based on their previous posts) shows exactly that.

    I'm not one for legacy but was chuffed that my former IT job got filled onshore by someone young, skilled and local.

    Each to their own in their approach.
    Last edited by veryintrigued; 14-10-2018 at 4:15 PM.
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