The UK's 'job miracle'

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madd0ct0r
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The UK's 'job miracle'

Post by madd0ct0r »

http://www.telegraph.co.uk/news/politic ... eform.html
it’s hard to keep up with the pace of the British jobs miracle. Each month, the figures confound the predictions of even the most optimistic economists. In last year’s Budget, for example, George Osborne set out an ambitious target of getting 900,000 more people into work by 2018. This figure will now be reached next month.
All this is nothing short of phenomenal: more jobs are being created in Britain than in the rest of Europe put together. And it is also troubling the Bank of England, whose own forecasts have been proved as wrong as everyone else’s. Mark Carney, its governor, said last summer that he would not think about raising interest rates until unemployment fell below 7 per cent – which he expected to take three years. It took six months.
There has clearly been a game-changer, something that none of the economists had incorporated in their models. And senior figures inside the Bank are beginning to conclude (and openly hint) that this is Iain Duncan Smith’s welfare reforms.
What confounded the eggheads was that the number of workers is growing four times faster than the number of working-age people: in other words, Britons have become far more likely than pretty much anyone else to look for –and find – work. Why? It’s hardly the dazzling salaries on offer, since wages are still being outpaced by inflation. Nor is it immigration: that’s still continuing, but the dole queues are shrinking faster. Fewer people now claim the three main out-of-work benefits than at any time during the Labour years.
key graph here or in the article: http://imgur.com/m8roPsI


Now the rest of the article includes the admission that salaries remain stubbornly low. As soon as I saw the employment figures I was muttering under my breath about fulltime vs part time vs zero hour. Should I be? Is it fair to discredit this just because i'm ideologically opposed to the welfare reforms and want to find 'the catch'?

What I put to the board is: "Is it better to have more people in crap jobs or more people on benefits"?
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Re: The UK's 'job miracle'

Post by Eternal_Freedom »

From my own experience a minimum-wage job is about three times more money than jobseeker's allowance, so I would much rather have more people actually working than being on the unemployment list.
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Re: The UK's 'job miracle'

Post by Minischoles »

It's fudging the figures, that's why there are less people on benefits.

Anyone getting sanctioned? not included in the figures
Anyone self employed and on tax credits since they don't make enough? not included
Part Time/Zero Hour contracts? oh they're included, even though they frequently don't equal anywhere near enough for people to live on and require tax credits to top up their wages

IDS welfare reforms are so bad his department are literally refusing to release the figures on how much it's all costing, redefining how poverty is defined to hide the impact of his reforms, ignoring the explosion in food banks since the reforms etc.
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NoXion
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Re: The UK's 'job miracle'

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Eternal_Freedom wrote:From my own experience a minimum-wage job is about three times more money than jobseeker's allowance, so I would much rather have more people actually working than being on the unemployment list.
Surely that depends on the hourly rate and the weekly hours? What with recent increases in zero hours contracts, self-employment and part-time work that's increasingly likely to be not necessarily true. Not to mention that stagnation of wages and rising living costs will further blunt the difference.

What this so-called "jobs miracle" actually shows is that the balance of power has slid further towards being in favour of employers, who are more able to offer crappy terms, hours and pay.
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Eternal_Freedom
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Re: The UK's 'job miracle'

Post by Eternal_Freedom »

Yeah, it does depend on hours and so on, hence why I said "in my experience." However, at present the rate of jobseeker's allowance is about £55 a week, so assuming you're on a minimum-wage job you only need to work 9 hours per week to be better off. And every single job I saw advertised at the Jobcentre this morning was for at least 20 hours.
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Baltar: "What are you babbling about other...it's impossible!"
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Re: The UK's 'job miracle'

Post by Darth Nostril »

Seriously? I was getting £71 a week on jobseekers before I went self employed. Mind you I had been employed and paying taxes for twenty years beforehand so I got the maximum amount. Until the bus broke down one sunny Monday and seeing as I was late a second time in (arbitrary time period) so they hit me with a sanction, even though I phoned in and let them know why I was going to be late both times.
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Eternal_Freedom
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Re: The UK's 'job miracle'

Post by Eternal_Freedom »

There's two types, income-based and contribution based. I'm only 22 so contribution-based is a totaly mystery to me. I get £88 a week as I'm disabled and I'm struggling on that (roll on September when my job starts) so £55 sounds painful.
Baltar: "I don't want to miss a moment of the last Battlestar's destruction!"
Centurion: "Sir, I really think you should look at the other Battlestar."
Baltar: "What are you babbling about other...it's impossible!"
Centurion: "No. It is a Battlestar."

Corrax Entry 7:17: So you walk eternally through the shadow realms, standing against evil where all others falter. May your thirst for retribution never quench, may the blood on your sword never dry, and may we never need you again.
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fordlltwm
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Re: The UK's 'job miracle'

Post by fordlltwm »

Having recently got a job, it's 55 a week until you're 25 then it becomes 77 or 81 or whatever paltry amount it is now.
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Re: The UK's 'job miracle'

Post by Block »

Is that in addition to some sort of housing allowance or are you expected to live entirely off of something like $125(or whatever the exchange rate is) a week?
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PREDATOR490
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Re: The UK's 'job miracle'

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Housing Benefit is separate but has it's own hurdles. You only get X% towards your housing based on circumstances and the system is in mid-change to make it even worse.
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Re: The UK's 'job miracle'

Post by Lord Pounder »

When I was on Jobseekers Allowance before I left the UK I was getting £60 odds a week. However I was also getting my rent mostly paid. My rent was £375 per month for a 2 bedroom house in inner east Belfast, the dole paid £350 a month of that as my National Insurance contributions were solid. That meant I had to live on £55 a week which as a single man at the time was very easy to do.
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Re: The UK's 'job miracle'

Post by madd0ct0r »

you're not really going to find cheaper rent in the UK than in east inner belfast though. I'm in cardiff, hardly a huge metropole and it's £550 for a one bedroom (big) flat
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Re: The UK's 'job miracle'

Post by Eternal_Freedom »

I'm up in Treforest, near Pontypridd, paying £375 a month for a medium-size one-bedroom flat.
Baltar: "I don't want to miss a moment of the last Battlestar's destruction!"
Centurion: "Sir, I really think you should look at the other Battlestar."
Baltar: "What are you babbling about other...it's impossible!"
Centurion: "No. It is a Battlestar."

Corrax Entry 7:17: So you walk eternally through the shadow realms, standing against evil where all others falter. May your thirst for retribution never quench, may the blood on your sword never dry, and may we never need you again.
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Re: The UK's 'job miracle'

Post by fordlltwm »

72 a week for a 3 story single bed house (imagine a vertical flat) up here in Blaenau Ffestiniog. Not too bad now I'm a trainee accountant, and paid for by the dole before that. When I lived in Bangor (The City in North West Wales) it was 65 a week for a room in a house up to over 100 for a room, but it was mostly focused on student letting.
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PREDATOR490
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Re: The UK's 'job miracle'

Post by PREDATOR490 »

Lord Pounder wrote:When I was on Jobseekers Allowance before I left the UK I was getting £60 odds a week. However I was also getting my rent mostly paid. My rent was £375 per month for a 2 bedroom house in inner east Belfast, the dole paid £350 a month of that as my National Insurance contributions were solid. That meant I had to live on £55 a week which as a single man at the time was very easy to do.
Housing Benefit Amounts

Job Seeker Amounts

Benefit Cap

£375 rent will get you £290 housing benefit with a spare bedroom.
Weekly amount of JSA for Income and Contribution is becoming the same which is £57.35 or £72.40 if you are under or over 25 respectively.
Essentially, you are using one week of your JSA to make up the difference from your Housing Benefit every month under the current system.

Could you live for a week without any money ?
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