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That's a great link, so basically 20yrs ago I should have been aiming for £100k a year not £50k lol I think I'd have given up if I'd have known.
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Mortgage Rate Rises
- Thread starter glenimp617
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That's a great link, so basically 20yrs ago I should have been aiming for £100k a year not £50k lol I think I'd have given up if I'd have known.
Yep, my first proper job was working in an internet cafe, and I was on 15k back in 2003.
That same job now would need to pay £25k to match inflation over all these years.
Caporegime
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It's wage stagnation that has caused all this. My partner and I were on a salary of 80k. Adjusted for inflation in 09. Thirteen years later we are short of that figure by several thousand and there have been plenty of promotions in that time.
Pay rises have simply not matched inflation for a long time. I think because we have had a relatively cheap decade in terms of finance, energy and fuel people have put up with it. Everyone's going on strike now because they have had enough of it.
Pay rises have simply not matched inflation for a long time. I think because we have had a relatively cheap decade in terms of finance, energy and fuel people have put up with it. Everyone's going on strike now because they have had enough of it.
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Indeed, the problem being that a lot of careers/undustries have not increased at that rate at all even and that is purely monetary inflation. That doesn't take into account at all that everything from cars to houses to holidays have increased at a greater rate. If our wages would have increased in line with the inflation then the juniors coming in as CAD technicians would be on £29,680 at 16yr old with 1yr of experience after school.
I can tell you now they are earning more like £22k with lows of £18k in the industry still meaning that wage for that role has had between 0% to 22% in 18 years. Monetary inflation increase in that same period is 64.8%.
Its something that happened in the UK after 2008 and we never recovered, its like a gaping scar on the economy and nobody talks about it preferring to blame everything on the last few years. UK real pay is at or below 2008 levels.
Soon*Move to Poland and "take der jabs"... See how they like it
p.s. - I'm not being serious.
Even looking at the wage to inflation of 4 years I should have had a rise of around 20% in that time. I can say for sure that was not the case at all and I have actually had to move jobs twice in that period to get only about 10% in that same period. Glassdoor hasn't got enough data for my exact role but I am around the slightly higher average figure they show so it is not like I have been particuarly in the wrong companies or similar and I know for sure 2 companies I worked for were at the lower end and they are still paying well below average and less than what I was on in 2018.
The benefits of Brexit. Making it harder for us to escape this place!
Absolutely, hence my post... I was joking about the "take der jabs" bit. The non-joking part (which is actually quite serious) is where the wage stagnation in the UK can be shown so acutely when you compare it to places like Poland and Latvia who where considered much much poorer than the UK only a decade or so ago.
It's frightening.
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My sector suffered from a government scheme (scam) 10yrs ago when they moved us out of the public sector and into private, re-classified as a charity. No payrises for 10yrs!!!
They are bringing us back in now though within the next 2yrs. I'm not sure where the moneys coming from.
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Caporegime
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You work in FE by any chance?
One does wonder why so many Europeans are making their lives here and why so many are clamouring to join them. Not talking immigration, legal or otherwise, but young professional people and families.
The statistsics are messy, but UK is still well ahead when it comes to top jobs.
Not all industries have had wage stagnation. People coming here for work may be coming into finance, tech or other high paying industries if they are coming for money reasons of course. The amount and range of jobs is pretty big here. The jobs market is probably one of the best in the world.
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Or jobs at all. Employment levels are lower across much of Europe. We are still a magnet to a lot of people. I think that just dissing the UK has become an expectation to some people. You can always go live in Slovenia if you consider it more up and coming.
Caporegime
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Move to Poland and "take der jabs"... See how they like it
p.s. - I'm not being serious.
I am half Polish and my partner is Lithuanian. I also have a Polish passport. We have seriously discussed in the future leaving this country when we get to retirement age. My mother has retired to Poland after 35 years living here. The quality of life she has on a basic pension is a lot better than it would be here. Her house in the middle of the mazurian lakes which is a large 4 bed semi with garage and cellar only cost 100k too. I am a trucker now so also have a licence to work if needed.
Only problem is I cannot speak either Polish or Lithuanian so will have a lot of practicing to do. My swearing in Polish is top notch however.
Useful qualification to drive trucks without doubt.
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for all my sins
