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Smurf1976

Inflation

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I think the wage rises could be starting. I heard to day (from an actual tradesman) that at least one bigger firm in town (Australia) is understood to be considering increasing pay rates for refrigeration tradespeople by about 18% in a single hit.

That company already allows their employees (even some apprentices) private use of company vehicles etc and seems to be regarded as a reasonable place to work so they're not at the bottom of the heap in that sense but apparently the reason for considering the pay rise is to stem the flow of staff seeking better money elsewhere. He said that a "good" pay rate in the industry is up around 30% in the past 2 years.

2 years ago their pay rates were considered quite good, now they're quite some way behind and this is coming AFTER the building boom has slowed to the point where even the VI's admit it. More evidence of inflation becomming entrenched in the economy.

No doubt their charges to customers will rise given that the wage rises come on top of all the other rising costs of doing business. Fuel for the vans alone must be costing them a lot of extra $ in total, not to mention materials to do the work etc.

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I think the wage rises could be starting. I heard to day (from an actual tradesman) that at least one bigger firm in town (Australia) is understood to be considering increasing pay rates for refrigeration tradespeople by about 18% in a single hit.

That's interesting but I'm not sure if the same will follow in the UK, Australia isn't a £40 flight away from Poland and the job in quesiton is fortunately not that off-shorable to China or India. Also, we have rising unemployment and poor unions in the UK, this doesn't usually bode well for bargaining power.

Australia also has the benefit of a raging boom in commodities to sustain its currency through a housing crash.

Edited by BuyingBear

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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