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AdamoMucci

Fewer people moving for better paying job

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http://news.sky.com/story/fewer-people-moving-to-seek-their-fortune-says-think-tank-10989194

 

Quote

The proportion of people relocating within the UK for a new job has fallen by 25% since the turn of the millennium, a study reveals.

A report by the think-tank Resolution Foundation found the share of under-35s moving regions and changing jobs has fallen by 20% during the same period.

The percentage of graduates willing to relocate for work has almost halved since 2001.

....

The proportion of people relocating within the UK for a new job has fallen by 25% since the turn of the millennium, a study reveals.

A report by the think-tank Resolution Foundation found the share of under-35s moving regions and changing jobs has fallen by 20% during the same period.

The percentage of graduates willing to relocate for work has almost halved since 2001.

....

he report said the decline in mobility could be down to it being easier for people to find jobs nearer to home, but it also coincides with an increase in the proportion of workers with degrees doing jobs they are underqualified for, "as workers fail to find jobs that best suit their talents".

This has an impact on productivity and the economy, the report said.

....

"On a basic level that's about avoiding labour shortages, but more importantly in an economy nearing full employment, ensuring the talent and potential of individuals and firms doesn't go to waste is essential to boosting productivity."

The think-tank said migrants accounted for 8% of regional job-to-job moves in 1995, but now account for 24%.

It warned the Government "needs to be alive" to the impact of Brexit on labour mobility.

 

An effect that has been going on since the start of the housing boom. Well there is a shocker. And exactly what proponents of LVT have been saying all along. What do these kids have to pay in increased shelter for this extra £2k in salary?

Unfortunately the Resolution Foundation is a neo-liberal, third way, Blair/Clinton-esque, bought off think tank, so as you can see from the last few paragraphs it is trying to make it about Brexit. In a very flimsy, pathetic way. Basically wanting to lead people to a certain conclusion about freedom of movement.

If this think tank was not bought off (check the staff and donor list) it would be making this all about house prices.

(I havent checked the actual report directly, only Skys reporting of it, and Sky have made everything anti-brexit the last year. But I would be surprised if this is not an accurate reporting of the narrative coming from RF.)

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A number of my peers have relocated north not looking for better jobs but to find housing at more sensible prices...expect to hear more southern accents in northern regions

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7 hours ago, Wayward said:

A number of my peers have relocated north not looking for better jobs but to find housing at more sensible prices...expect to hear more southern accents in northern regions

We are looking at doing this. Mrs B is a Chemical Process Engineer and could pick up a similar salary on Humberside as in Essex where she currently works. Opportunities not so good for me but in Humberside we can buy a 4bed exec detached house mortgage free. Here in London I pay almost half my salary to a Greek Spiv for a 2 bed flat.

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5 hours ago, Kurt Barlow said:

We are looking at doing this. Mrs B is a Chemical Process Engineer and could pick up a similar salary on Humberside as in Essex where she currently works. Opportunities not so good for me but in Humberside we can buy a 4bed exec detached house mortgage free. Here in London I pay almost half my salary to a Greek Spiv for a 2 bed flat.

Plenty of Greek spivs round my way, they absolutely love btl . Must be cultural as i'm told they don't trust normal pension schemes. 

Spent alot of time in hull and surrounds and find it quite agreeable. Agree you can get a lot of house for your money and the locals aren't anti blow ins. Probably due to being a port city.

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39 minutes ago, chicker said:

Plenty of Greek spivs round my way, they absolutely love btl . Must be cultural as i'm told they don't trust normal pension schemes. 

Spent alot of time in hull and surrounds and find it quite agreeable. Agree you can get a lot of house for your money and the locals aren't anti blow ins. Probably due to being a port city.

Hull is lovely actually. An hours commute from Leeds or York to expand your job options. As well as the lovely countryside up the East coast and into Yorkshire, it's also got direct ferries to the low countries for cool easy weekends abroad.

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couple of years ago I looked at some work in West London, on the face of it, very well paid.

If I'g gone there it would have cost a fortune to rent somewhere nearby and buying at those prices are not an option for any sane man.

I'd rather earn less and end up with more elsewhere.

Same problem as usual HOUSING COSTS

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46 minutes ago, chicker said:

Plenty of Greek spivs round my way, they absolutely love btl free cash and doing nothing for their money . Must be cultural as i'm told they don't trust normal pension schemes. 

 

 

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27 minutes ago, TheCountOfNowhere said:

couple of years ago I looked at some work in West London, on the face of it, very well paid.

If I'g gone there it would have cost a fortune to rent somewhere nearby and buying at those prices are not an option for any sane man.

I'd rather earn less and end up with more elsewhere.

Same problem as usual HOUSING COSTS

I wonder if London is having a big impact on the drop in these figures. Around 1997, a few of my friends moved from the North West down to London for salaries they could only dream of earning up here, and the figures stacked up even whilst renting. Not anymore. Anyone I know down there is looking to relocate to somewhere with more sane house prices.

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26 minutes ago, dpg50000 said:

I wonder if London is having a big impact on the drop in these figures. Around 1997, a few of my friends moved from the North West down to London for salaries they could only dream of earning up here, and the figures stacked up even whilst renting. Not anymore. Anyone I know down there is looking to relocate to somewhere with more sane house prices.

On top of that, if you move to London and buy a house with your mega salary with house prices in bubble land then the likely hood is you'll leave bankrupt or owing a lot of cash.

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58 minutes ago, TheCountOfNowhere said:

couple of years ago I looked at some work in West London, on the face of it, very well paid.

If I'g gone there it would have cost a fortune to rent somewhere nearby and buying at those prices are not an option for any sane man.

I'd rather earn less and end up with more elsewhere.

Same problem as usual HOUSING COSTS

All the people I know are moving away from London......moving to beyond the M25 to towns and villages in pastures new....the only ones I know moving into London are a few students, but they can add the cost of the rent to their future student debt......only hope it will be all worth it for them, fingers crossed.;)

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1 hour ago, TheCountOfNowhere said:

couple of years ago I looked at some work in West London, on the face of it, very well paid.

If I'g gone there it would have cost a fortune to rent somewhere nearby and buying at those prices are not an option for any sane man.

I'd rather earn less and end up with more elsewhere.

Same problem as usual HOUSING COSTS

I recently moved back to the North East from Dubai. I was serious when I told the executive recruiter that for taking a job in London I'd need a North East x 3 NET salary.  Or I'd be home based in the North East and travel as required. 

It was also a test on the modernity of the company I was joining. Obviously they bit my arm off and I'm back in the North East. Relatively happy (save for house prices :)

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4 hours ago, chicker said:

Plenty of Greek spivs round my way, they absolutely love btl . Must be cultural as i'm told they don't trust normal pension schemes.

 

Didnt know there was anywhere in the UK that had a large Greek community. Has it been since GFC do you know? Can I ask where?

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18 hours ago, Wayward said:

A number of my peers have relocated north not looking for better jobs but to find housing at more sensible prices...expect to hear more southern accents in northern regions

I'm not applying for more senior jobs because the cost of living in london (where a lot are) far outweighs any pay increase, + would very long commute into/out of london every day. I wonder how many other people feel the same?

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1 hour ago, AdamoMucci said:

 

Didnt know there was anywhere in the UK that had a large Greek community. Has it been since GFC do you know? Can I ask where?

Greek Cypriot I reckon, North London eg Finsbury Park, Harringay, Palmers Green etc. Long established & own many properties in those areas. There's also a decent sized Greek Cypriot community in Manchester.

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On ‎15‎/‎08‎/‎2017 at 11:10 AM, AdamoMucci said:

An effect that has been going on since the start of the housing boom. Well there is a shocker.

This doesn't make sense though - surely Generation Rent, with no Stamp Duty to stop them moving - should be MORE flexible about moving than people were years ago, not less?  I can't immediately see why this "local jobs" phenomenon is caused by house prices?  Unless it's all people living with their parents still.

4 hours ago, winkie said:

All the people I know are moving away from London......moving to beyond the M25 to towns and villages in pastures new....the only ones I know moving into London are a few students,

It was ever thus wasn't it?  Young people move to the bright city lights, middle aged people with kids look for that surburban escape.

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15 minutes ago, MancTom said:

I'm not applying for more senior jobs because the cost of living in london (where a lot are) far outweighs any pay increase, + would very long commute into/out of london every day. I wonder how many other people feel the same?

I expect this is common place now...I was invited to apply for a more senior job but this involved working in Paddington...no chance...it just doesn't stack up.  (currently in Hampshire which is bad enough)

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10 hours ago, Princekie said:

Please don't come up north. 

Many thanks.

Don't be like that...plenty of northerners and Scots have moved into southern England over recent decades - I moved down from the NE with family  in the 1980s when I was a schoolboy....perhaps its time for many to move back...

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11 hours ago, AdamoMucci said:

 

Didnt know there was anywhere in the UK that had a large Greek community. Has it been since GFC do you know? Can I ask where?

Seriously ? Green Lanes which is effectively Stoke Newington to Enfield has been known as Greek Lanes for ever or at least 40 years. That ribbon equally populated with Turkish

Was the classic North London school experience in the 70's White, Black, Turk Greek - needless to say we all got on not the pretend version of harmony the PC brigade foster upon us now

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15 hours ago, chicker said:

Plenty of Greek spivs round my way, they absolutely love btl . Must be cultural as i'm told they don't trust normal pension schemes. 

Spent alot of time in hull and surrounds and find it quite agreeable. Agree you can get a lot of house for your money and the locals aren't anti blow ins. Probably due to being a port city.

We haven't even got a proper supply of hot water in the kitchen (low flow rate). I spoken with the LL several times to no avail and I can't face the tedium of dealing with Enfield Council. In the meantime I'm running the HW at 70 degrees C so by the time we move in January his tank and pipes will be nicely furred up as the water here is rock hard.

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