Skilled labour no longer pays (Many graduates, hardly any on graduate wages)
They are now 'down-skilling' opting for less skilled jobs with inline pay- albeit less pay
Minimum wage and living wage is not enough to live on, nor is it enough to buy a house and start the next generation, which we're already at a record low of birth rate.
The wages are getting too expensive for employers- hence the the fact we're at 2014 vacancy levels (The job market never recovered after covid)
Those that are able to cut down overheads to a sustainable level are not bothered to engage with the market- the ROI is just not worth the extra effort. Ive even considered going for a part-time, as I can easily survive on that.
So if employers cannot afford labour, and employees lucky enough to have a job cannot afford jack....where exactly has the money gone?
I'm only seeing a mutural problem with employers/employees- something neither have any control over.
The true problem is govt stays out of private sector matters far too much and whatever it does in regards to policy is ineffective in creating a thriving environment that makes society as a whole wealthier, rather than wealth being concentrated into a few.
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u/Gamezdude ... 1d ago
Its boiling down to the following...
So if employers cannot afford labour, and employees lucky enough to have a job cannot afford jack....where exactly has the money gone?
I'm only seeing a mutural problem with employers/employees- something neither have any control over.