Economies-how do they affect you
Just interested in how your lives have been affected in the last few years. Mine follows. Skip to the end if you like.
So I dunno how many of you know about the Irish problem right now. Our government bought out our banks,(based on expert european union advice, who also happen to be the people the banks owed) basically bankrupting the country. A country of roughly 4 million people now owe the imf 90billion, on top of what we owe others. The interest is 10 billion a year.
Our minimum wage is going down, 81, 000 jobs are go in the civil sector, a work-for-dole(our welfare) is being introduced, 9/10 (including my sister, and all but two of my friends) of graduates are emigrating because work isn't available here. Another reason is that some jobs required at least two years (paid)experience before they will hire you. How you're meant to get that is a mystery. So if you see many Irish about the place, remember that we are, in fact, encouraged to leave
Politicians here can receive up to four pensions for doing one job and received two pay-raises last year, one of which they 'honorably' refused.
So how's you?
I love Steal! <3
I think it's still the same.
we just got out from the unstable economic era from 80/90
But if shit hits the fan.
we can still rely on the Madman Chavez or maybe Brazil to lend us a hand.
But recently I found some online websites to make monies, I also found someone who can give me some freelance outsource work
So if I can earn 1200 USD
I can live like a king here
I was lucky, I got a job at Tesco about 2 months before the major problems hit, and let's face it, Tesco are not going to the wall anytime soon so I'm pretty secure. I do feel sorry for all the people who are going to lose out.
But at the same time I feel no sympathy for (some) middle class people who (irresponsibly) borrowed money and mortgaged themselves to the hilt (based on unsustainable housing market growth and easy credit) to fund a lavish and vain lifestyle. They are the architects of their own demise. I also feel no sympathy for the public sector which accounts for 20% of all employment in this country. Since the public sector doesn't actively generate wealth and are paid from taxes, it is by definition, a burden on society. Yet despite that, it kept on growing in size, expense and "scope". Why the fuck do we need diversity co-ordinators, walking activity co-ordinators, climate change co-ordinators, five-a-day fruit and veg co-ordinators, bin inspectors, EU advisers, Web liaison officers or waste separation specialists?
1200 a year?
Originally Posted by R3dKnight
that's in a month time
probably if the dollar rate is 1 dollar to 1 kg gold
The US is getting there (though not on emigration). The wealthiest 1 percent makes 24% of the wealth in the country.
Stolen Sig Count: 25
Canadian banks took safe approaches to everything, so they invested negligible amounts - if anything - in subprime mortgages. Any economic damage is due to other countries tanking (e.g. trades not doing as well).
I got a full-time offer in my graduating year and been working there since summer. Company's doing well, managers and coworkers are great, work itself is alright. Good times.
I live in South Africa. We're still classified as an emerging economy so we had major slow down in economic growth, but not the contractions that affected most of the 1st world countries. Our banks are hectically risk adverse, so they were fine. Hell, Barclays bought out one of our major banks here - Absa, once the crisis hit, our bank had enough cash lying around to buy out Barclays instead.
We also hosted the World Cup, which (other than the stadiums) was excellent for fast tracking infrastructure build and such.
Personally, I was unaffected by the crises. Like 98, I have trouble feeling sympathy for people who were living beyond their means and got hammered.
Our economy still has some major problems to sort out, but they're unrelated to the meltdown. We've got high crime rates, partly due to our high unemployment rate. Our reserve bank works on an inflation targeting plan, rather than employment, so that causes some friction.
I'm not making nearly as much as my college degree promised me so to speak. But I am making something. Can't say the same about that to all my friends. Basically, around where I live, the job market is pretty tight. And those with jobs, well, most of my friends want out and a different job. Can't seem to win..
Ah, let's not talk about degrees. I actually might go on a rampage/start crying if I think of that waste.
Note to everyone: I wouldn't come on holiday here anytime soon. (although why anyone would is beyond me). I keep hearing the word riot...
I love Steal! <3