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Here it is, more moaning about why things just aren't fair:

http://news.bbc.co.uk/1/hi/business/5118424.stm

Spotted one of my pet hates in there though, slightly off topic:

"In IT, being out of work for more than six months can render one's skills nearly obsolete. "

I've worked in IT for 10 years, and I'm here to tell you that that assertion is just a load of rubbish. I've no idea what sort of "skills" she's talking about, especially because I think she's already established that she's in management, so actual technical skills are not really her problem any more. But even for technical IT people, VERY LITTLE INDEED changes over a timescale of six months. Anyone who says it does is just a blabber mouth, spouting the latest buzzwords and droning on about the latest whiz-bangs.

A huge portion of IT projects, especially the non-toy ones, evolve themselves on timescales far longer than 6 months. I'd say that I've never seen an example of anyone in IT ever doing something in a radically different way every six months. Technologies evolve over many, many years. If anyone disagrees, I'd like an example of a technique that changed so rapidly that it went out of date twice in the space of a year.

What IS actually true is that six months out of ANY sort of work puts people into a state where they are far less used to the daily grind, and far more fuzzy and laid back about things. That may possibly be a problem, and might count against a person when trying to get another job, but loads of people go back to work after taking time off for kids, so by no means is it impossible. If she thinks that by going on some sort of training course she's going to transform herself from "obsolete" to "current" I think she's living in cloud cuckoo land.

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I agree - in my line of work (oil exploration) you'd need to be out of work for at least 5 years before you'd have any significant difficulty doing the job on re-entering the office.

The tools change slightly every year, but it takes only a day or two to find out where they've hidden the buttons on the new version.

The underlying basic skills take a lifetime to acquire, and never really go out of date.

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If she thinks IT skills are out of date after 6 months she's probably been talking to someone trying to sell training courses....

Like the person who sold her part 1 of a course for £300 and then tried to hit her for £2,500 for part 2.

She's a real pup isn't she? Where would the really enterprising people in this world be without people like her to fleece?

:D

Good points! Funny too!

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:D

Good points! Funny too!

This ain't so funny:

It seems that we are a nation with one thing in common - debt.

If it's really true that most of the people she knows are "walking a financial tightrope" one shake an they'll all fall off. I know this isn't a representative sample, but this will have a knock on effect for those that aren't in debt.

When the ship goes down it'll suck the lifeboats down with it, if they aren't far enough away! The area around the "ship" is the British economy, how safe is your job? It's making me think what I should be doing now in preparation, I'm already looking at opportunities abroad.

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I used to do Solaris UNIX administration back in the mid to late 90's. I still deal with it a bit now in my current job, and I tell

you something, VERY LITTLE HAS CHANGED!

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Here it is, more moaning about why things just aren't fair:

http://news.bbc.co.uk/1/hi/business/5118424.stm

Spotted one of my pet hates in there though, slightly off topic:

"In IT, being out of work for more than six months can render one's skills nearly obsolete. "

I've worked in IT for 10 years, and I'm here to tell you that that assertion is just a load of rubbish. I've no idea what sort of "skills" she's talking about, especially because I think she's already established that she's in management, so actual technical skills are not really her problem any more. But even for technical IT people, VERY LITTLE INDEED changes over a timescale of six months. Anyone who says it does is just a blabber mouth, spouting the latest buzzwords and droning on about the latest whiz-bangs.

A huge portion of IT projects, especially the non-toy ones, evolve themselves on timescales far longer than 6 months. I'd say that I've never seen an example of anyone in IT ever doing something in a radically different way every six months. Technologies evolve over many, many years. If anyone disagrees, I'd like an example of a technique that changed so rapidly that it went out of date twice in the space of a year.

What IS actually true is that six months out of ANY sort of work puts people into a state where they are far less used to the daily grind, and far more fuzzy and laid back about things. That may possibly be a problem, and might count against a person when trying to get another job, but loads of people go back to work after taking time off for kids, so by no means is it impossible. If she thinks that by going on some sort of training course she's going to transform herself from "obsolete" to "current" I think she's living in cloud cuckoo land.

You are wrong. Sorry.

I know exactly what she does, and the technology she specialises in.

Fact is her current skill set doesn't include the latest product, and in 6 months it will be a pre-requisite for any contract job for that person to have hands on skills with it. 6 months off really will put her at a disadvantage.

Saying that, I think the rest of her article is rubbish. "Asset-rich, cash poor" please. How about Debt-laden with no income?

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You are wrong. Sorry.

I know exactly what she does, and the technology she specialises in.

Fact is her current skill set doesn't include the latest product, and in 6 months it will be a pre-requisite for any contract job for that person to have hands on skills with it. 6 months off really will put her at a disadvantage.

Saying that, I think the rest of her article is rubbish. "Asset-rich, cash poor" please. How about Debt-laden with no income?

Well, I may be slightly wrong, in that there may be a few counter examples, but not nearly as wrong as her who said

"In IT, being out of work for more than six months can render one's skills nearly obsolete"

"IN IT..." NO! In some little bit of IT perhaps.

Anyway, my challenge was, give me an example of such a rapidly changing technology. So give me an example then....

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This woman is brilliant! Best laugh I have had in ages :lol:

My favourite line this time:

"So it comes down to the obvious: selling a buy-to-let property"

I wonder if she has stopped to consider that it was more than likely that it was buying the damned thing that has assisted her to be in her current position.

Or is she going to continually be blaming the fact that she got pregnant.

I just hope she doesnt get away with it though - if I have the sense to not to saddle myself with unsustainable debt then so can everyone else..... but I bet I will be the one that ends up paying for greedy muppets like her.

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"IN IT..." NO! In some little bit of IT perhaps.

Anyway, my challenge was, give me an example of such a rapidly changing technology. So give me an example then....

I'll concede that to generalise that statement for all I.T is crazy, but no change there with her eh!

I won't say what she specialises in as she hasn't but if you take any new product that has an established contractor base then the latest skills are always paramount.

Lets take say Oracle. Latest version is 10G. If the last version of Oracle you used was Oracle 9i and that was 6 months ago then you'll struggle to get the best contracts as guys/girls with current commercial experience with the latest product will beat you to the punch.

The same works with most Application Servers, Data Base products, front-end Apps etc.

This is unless you are prepared to sacrifice either rate or working location, neither of which most I.T Contractors would be prepared to do.

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You are wrong. Sorry.

I know exactly what she does, and the technology she specialises in.

Fact is her current skill set doesn't include the latest product, and in 6 months it will be a pre-requisite for any contract job for that person to have hands on skills with it. 6 months off really will put her at a disadvantage.

Saying that, I think the rest of her article is rubbish. "Asset-rich, cash poor" please. How about Debt-laden with no income?

What does she do? What's the technology?

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Same here - artworking/design for print hadn't changed in the 3.5 years I took away from it, got a job almost immediately I wanted one again. Still uses the 3 major design packages although later versions.

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So why doesn't she take a more general, less skill intensive IT job which is likely to be lower paid, then use that

money to pay debt and pay for the stupid £300 course to return to the position she was in, rather than waste £300

she obviously can't afford (FULL STOP).

When I got hit at the end of the .com boom (web contractor) I went and worked in a pub for 4.10 an hour rather than

scrounge on the state or moan constantly until I got another web job.

Someone shake her! :)

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So why doesn't she take a more general, less skill intensive IT job which is likely to be lower paid, then use that

money to pay debt and pay for the stupid £300 course to return to the position she was in, rather than waste £300

she obviously can't afford (FULL STOP).

When I got hit at the end of the .com boom (web contractor) I went and worked in a pub for 4.10 an hour rather than

scrounge on the state or moan constantly until I got another web job.

Someone shake her! :)

Completely agree. But it is a catch-22, he contracting rate would have been £4-450 per day. She'll need the money to pay her debts!

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So it comes down to the obvious: selling a buy-to-let property.

You have to feel sorry for her, having to relinquish her god given right to be a landlady.

It could be worse. She could be a tenant that has no property assets to sell because they've been priced out of the property market.

And that brings me to my main questions:

What does her balance sheet actually look like?

Does the total asset value not cover the liabilities or is her problem that she's simply overstretched on cashflow?

Is she really up sh1t creek or she just another attention seeking drama queen with no real problems at all compared to some people in this world?

I simply don't know. But when she moans that she is going to have to sell the BTL it makes me wonder what some people in the developing world (I'm sure some are reading it) make of all this.

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This ain't so funny:

If it's really true that most of the people she knows are "walking a financial tightrope" one shake an they'll all fall off. I know this isn't a representative sample, but this will have a knock on effect for those that aren't in debt.

When the ship goes down it'll suck the lifeboats down with it, if they aren't far enough away! The area around the "ship" is the British economy, how safe is your job? It's making me think what I should be doing now in preparation, I'm already looking at opportunities abroad.

Exactly what I thought.

The Missus and I will be moving abroad (luckily we have the opportunity to) if the brown stuff hits the fan too hard. Especially if UK fiscal policy is to reward the debtors at the expense of the prudent.

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  • 336 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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