Tuesday, Apr 22, 2008
House Price Inflation shrunk my Pay Packet
BBC: Four in ten staff 'may quit job'
Surprise surprise, 25% increase in pay coupled with a 200% increase in house prices over the last few years and hey presto ... a demotivated workforce.
"More than four in ten UK employees are considering quitting their job in the next year, YouGov research for Investors in People suggests.
A lack of motivation at work is cited as a major problem, with unreasonable workloads, feeling underpaid and a lack of career path being blamed. "
Posted by voiceofreason @ 08:15 AM (403 views) Add Comment
7 Comments
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1. bystander said...
surely this headline should read "Four in ten Brits 'may quit the UK', especially since the unelected PM and his lap dog have got absolutely no idea about strong leadership and run around infear of the big bad financiers.
2. renting2 said...
Possibly 4 in 10 made redundant?
3. Steve99 said...
A long time ago, many workers doing what would now be called dead end jobs could as a couple save their cash and in a couple of years put a deposit down on a house and pay it off without too much stress. 25 years ago this was no longer the case, people doing these jobs from the mid 80's on were out of the 'system' (apart from a brief lapse in the mid 90's) since then, this outcasting of workers from what would have been mainstream society has crept up the food chain till we now have surgeons in London claiming that they cant afford to live here. How can these workers be motivated, successive governments (both main parties are exactly the same on this issue) have buried their heads in the sand and have let the bankers 'asset' economy take over, I suspect those without 'assets' are now a growing part of the population and are now getting rebellious, quite rightly in my opinion. The government still insists that its CPI measure of inflation is right. How can this be when the real and ultimately compulsory things we need (especially housing) are not measured and discretionary items which are little better than toys are seen as contributing to our well being and thus a big part of the CPI (and wage increase) measure?? Did the government and opposition both think that the number of people without proper housing opportunity would stay low enough to not affect votes? did they think that only those who inherited housing were worthy? and didn't they take into account the effect BTL would have on first time buyers? I would suggest all of these issues has been supported by the vast majority of MP's on both sides, after all, even Labour MP's now have more than one property, all bought to ride their own sponsored housing inflation bubble.
4. Jackas said...
This is it people.
The fools that think they're rich because their house price has gone up should be ashamed of themselves. This affects them too unless they downsize to a £300,000 council flat. Fools.
5. Landedgentry said...
Well there are plenty of motivated and educated kids in India and China.
6. Bananasplit said...
Income Tax, council tax, NI (tax), road tax, fuel tax, energy tax, green tax, VAT on just about everything, paid for with money that has been taxed, flight tax, capital gains tax, Stamp duty(tax) these taxes are levied on resources that are usually low and limited leaving the worker feeling ripped off and financially poor meaning that buying a home or having a good holiday is unaffordable and only achieved by using credit which eventually cripples the finances. House price inflation has offset judgement day for some but the end of cheap credit and more rigorous checks by lenders have now brought millions into a situation that will cause depression, anxiety leading to despair and it is no wonder people are unhappy at work !
7. jack c said...
Bananasplit - you forgot to include IPT (Insurance premium Tax) payable on travel ins etc.... (LOL)