OnlyMe

Jobs Crisis As City Hiring Falls To Record Low

24 posts in this topic

Chop, chop.

http://www.cityam.com/latest-news/jobs-crisis-city-hiring-falls-record-low
http://www.cityam.com/sites/default/files/articles/003%20City%20vacancies%20have%20collapsed.jpg?1357542693

CITY job vacancies plunged to new lows last year as incoming regulations took their toll on financial services firms, making 2012 a worse year for job seekers than even the height of the credit crunch, recruiters Astbury Marsden revealed today.

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[img]https://lh6.googleusercontent.com/-iGg2992TY_s/TYlz1-bFUHI/AAAAAAAAATE/360MSj0mU3M/small+violin.jpg[/img]

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It's not enough! I want to see all the b@stard City millionaires starve in the street. Then I want the polis to beat them with a baton a call them plebs. Edited by sombreroloco

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[quote name='Dorkins' timestamp='1357551355' post='909230048']
Good news for London house prices.
[/quote]

So you would think, but I guess the people they aren't hiring are probably the same people who had 1 hour commutes in from the home counties anyway...

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[quote name='What's'isname' timestamp='1357564410' post='909230271']
So you would think, but I guess the people they aren't hiring are probably the same people who had 1 hour commutes in from the home counties anyway...
[/quote]

London and home counties houses are in essentially the same market, so what affects one will affect the other e.g. if home counties houses get cheaper it will be more attractive for people to move out of London, pulling down London house prices.

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Like the way its blamed on "incoming regulations" [img]http://www.housepricecrash.co.uk/forum/public/style_emoticons/default/rolleyes.gif[/img]


Yet another state industry goes the way of the coal mines and steel plants. Edited by Secure Tenant

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[quote name='Secure Tenant' timestamp='1357566281' post='909230318']
Like the way its blamed on "incoming regulations" [img]http://www.housepricecrash.co.uk/forum/public/style_emoticons/default/rolleyes.gif[/img]
[/quote]

I know...

"Long term and widespread mismanagement of risk , plus outright fraud" would probably help them to sell more papers AND be closer to the reality.

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From the bowler-hatted gentlemen of the 1920s to the braces-wearing spivs of the 80s to the utter c*unts of the 00s... now meet your new financial masters.

[img]http://upload.wikimedia.org/wikipedia/commons/thumb/d/d3/IBM_Blue_Gene_P_supercomputer.jpg/300px-IBM_Blue_Gene_P_supercomputer.jpg[/img]

The real reason for unemployment and not just in this sector. More and more middle-class professions will go this way.

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and yet:

http://newsletter.jobsearch.co.uk/M44ncNvqwuene7EdlfQJyqxfTB1OAeWjKQQU4esOSZu/WebView.aspx

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[quote name='Dorkins' timestamp='1357551355' post='909230048']
Good news for London house prices.
[/quote]

As a Londoner with a job, I'd like to hope so. Only spanner in the works is the average London buyer doesn't come from London, or the UK, or needs to go to work.

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The City is only a small contribtor to the london madness now. Only an annual tax on foreign owned property will give local people any chance in the London market. I fear hell will freeze over before this shower of sh*ite let this happen.

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[quote name='OnlyMe' timestamp='1357547966' post='909230004']
Chop, chop.

http://www.cityam.com/latest-news/jobs-crisis-city-hiring-falls-record-low
http://www.cityam.com/sites/default/files/articles/003%20City%20vacancies%20have%20collapsed.jpg?1357542693

CITY job vacancies plunged to new lows last year as incoming regulations took their toll on financial services firms, making 2012 a worse year for job seekers than even the height of the credit crunch, recruiters Astbury Marsden revealed today.
[/quote]

But surely all this talent can go abroad, where apparently they're clamouring for Britain's financial geniuses.

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[quote name='Starla' timestamp='1357567297' post='909230347']
As a Londoner with a job, I'd like to hope so. Only spanner in the works is the average London buyer doesn't come from London, or the UK, or needs to go to work.
[/quote]



Very good point....our land and buildings have become one of our major tax efficient exports. :blink: Edited by winkie

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Just got call from an agent on a house that they thought they had sold in Oct but buyer failed to complete. It's in 'indestructible' London. Could 13 be our lucky number?

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[quote name='AvoidDebt' timestamp='1357577774' post='909230495']
Just got call from an agent on a house that they thought they had sold in Oct but buyer failed to complete. It's in 'indestructible' London. Could 13 be our lucky number?
[/quote]



......who did you say is lucky.....the buyer or the seller? ;)

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[quote name='Starla' timestamp='1357567297' post='909230347']
As a Londoner with a job, I'd like to hope so. Only spanner in the works is the average London buyer doesn't come from London, or the UK, or needs to go to work.
[/quote]

If the City boys are out of the game that's one less pot of money for your wages to compete with. I'd call that a win.

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[quote]
Just 35,115 new jobs were advertised last year, down 35 per cent on the 54,025 in 2011.
[/quote]

Why does this mean it's bad for the city? Compared to other industries it's probably good isn't it? Maybe the recruiters put their fees up? Maybe some boffin coded a better program to do away with some button pushers?

I'm not going to feel too happy until someone cuts it out and floats it down the Thames and out to sea.

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[quote]The real reason for unemployment and not just in this sector. More and more middle-class professions will go this way. [/quote]

[quote]Microsoft has demoed new software that translates English into Mandarin in real-time, copying the speaker’s own voice.

In a video posted online, head of Microsoft research, Rick Rashid, demonstrated how the software works. The clip shows Rashid speaking in English with a Mandarin translation spoken a few seconds later copying the tonality of his own voice.

He said the company hopes to have “systems that can completely break down language barriers” in the next few years.[/quote]

http://www.itpro.co.uk/644050/microsoft-demos-real-time-language-translation

Time to get out of the translation business?

Maybe automation is the real black swan that was obscured by the credit boom?

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[quote name='wonderpup' timestamp='1357605482' post='909230969']
http://www.itpro.co.uk/644050/microsoft-demos-real-time-language-translation

Time to get out of the translation business?

Maybe automation is the real black swan that was obscured by the credit boom?
[/quote]

"Microsoft has demoed new software that translates English into Mandarin in real-time, copying the speaker’s own voice.

In a video posted online, head of Microsoft research, Rick Rashid, demonstrated how the software works. The clip shows Rashid speaking in English with a Mandarin translation spoken a few seconds later copying the tonality of his own voice.

He said the company hopes to have “systems that can completely break down language barriers” in the next few years."

I'd love to have a Mandarin speaker listen to the above. "Copying the tonality of his own voice"? Really? When you're translating speech into a tonal language where tone changes the meanings of words with otherwise identical pronunciation?

In my experience (and I'm a translator) even written machine translation is still pretty crap.

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[quote name='wonderpup' timestamp='1357605482' post='909230969']
Maybe automation is the real black swan that was obscured by the credit boom?
[/quote]

Hardly. It's been going on since the industrial revolution.

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[quote name='wonderpup' timestamp='1357605482' post='909230969']
http://www.itpro.co.uk/644050/microsoft-demos-real-time-language-translation

Time to get out of the translation business?

Maybe automation is the real black swan that was obscured by the credit boom?
[/quote]

Pretty impressive.

Not quite there though as even the english texts contain errors, and some of the chinese translation are pretty weird.
There was also a delay between the time spoken and the chinese translation is produced, I am wondering if someone behind the scene is tweaking (selecting the results).

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[quote name='thecrashingisles' timestamp='1357653708' post='909231344']
Hardly. It's been going on since the industrial revolution.
[/quote]

No, what we saw during the 20th century was the replacement of physical labour with machines.

What we are seeing now is the replacement of mental labour with machines.

What is there left for us puny humans to do? We have made ourselves obsolete.

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