Jobs insecurity

It is what has always happened . look at all the people working in shops, offices and factories in the 1960s and the jobs have gone, but since then the number of jobs in our economy have ballooned as now the workforce includes practically the whole adult population, not just mainly men and look at the thousands of new careers and jobs caused by the electronic age.

At least now we have a minimum wage.

Our family experience is white collar roles are under pressure. One family member, along with colleagues at his level, has had no salary increase for two years, people reporting to him have and will. It’s galling as he manages the organisation negotiations with Trades Unions. Another has had a lesser salary increase percentage wise than the people reporting to him. Unlucky maybe, both have a now very strained loyalty to their employer.

A 25% pay cut means the person concerned has 75% of something and I didn’t note the word temporary used?

However, it means a significant drop in income which will cause some difficult decisions, in some cases hardship.

I’m not smug. Would you rather take a temporary pay cut to save your job or be laid off with no alternative job prospects?

Fancythat
Of course it’s going to be white collar first. My trade was bookbinding/ hand & machine sewing books. For all I know this job has been replaced somewhere in the world by a robot, after all, robots are operating weaving machines in japan.

Germanshepherdsmum

Better to have 25% of something than 100% of FA.

spoken like a true smug retiree! No wonder there is inter generational division. How many on here would accept a cut on their pension?

Better to have 25% of something than 100% of FA.

It does seem to be "white collar" that is affected most.
Or is it white collar first perhaps?
Or even regional?

I think it is the 25% pay drop one that has surprised me the most.
Supposed to be for a few months.
People have bills and mortgages to pay.

Any young parents now should be informing their children in what is happening in the work place, especially white collar jobs.
These are disappearing at an alarming rate. Trades people will be the high earners.

www.forbes.com/sites/ariannajohnson/2023/03/30/which-jobs-will-ai-replace-these-4-industries-will-be-heavily-impacted/?sh=12abb9cf5957

I’ve not heard of any issues from the people we know across a variety of jobs. Those who are in trades have loads of work, some are in six days a week.

I think perhaps putting in the chat section will get a better response.

Businesses have faced increased costs, salaries, utilities, increased cost of supplies etc.

Disposable income is probably falling too due to inflation, affecting demand and therefore revenue.