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thehelmet

Recession Immunity

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Howdy,

I've been lurking on this site for quite a while now and thought it's about time I said hello.

Hello.

My question is, in the coming recession some jobs will be more at risk than others (the house builders are already suffering) therefore, is it possible to order jobs based on how 'at risk they are'?

How far up the job-risk-hierarchy thing do you think this recession will climb? Is the coming recession going to be so huge that all jobs will be at risk, or are some jobs immune from the effects of recession?

Thanks.

T H

PS. I'd also like to thank HPC.co.uk for the info I've got off it during my lurking. If you filter out the NWO/Four Horsemen/End Of Days prophecies, there's actually a lot of value in this site! :P In a year or so I will hopefully be in a very strong position to buy my first house (just have to wait and see I guess....)

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If you bury the dead, work in a water reatment plant, bake bread etc you are always going to be in worok.

Just look for jobs that provide needs, not wants.

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All jobs, nothing is safe not even those that provide needs.

Burying people costs money, if you ain't got no money how you gonna pay?

However depending on what happens your now entering the lottery job phase. Do you feel lucky?

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The close you are to real estate, the more you at at risk.

The closer you are to consumer spending, the more you are at risk.

I can't tell whats going to happen to public sector jobs so no suggestions there. They should cut back but whether they will or not, even under severe budget cutbacks is questionable. Gordons actions are in his own interests, not the countries so little hope there.

VMR. (Stating the bl**ding obvious really)

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I was thinking bus drivers and train drivers - surely people will be using public transport even more?

Also police, army and mi5 to kidnap you if you step out of line ;)

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Sick people still need nurses, the bins have to be emptied etc. It doesnt matter if nobody has any money. It will get done, we will organise local milita to do it. If you dont comply we will kick in your door and drag you away. You dont need money to get things done, force is enough.

Anything that isnt needed is at risk. You would be suprised at how many IT workers, call center operators etc think they are needed.

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My question is, in the coming recession some jobs will be more at risk than others (the house builders are already suffering) therefore, is it possible to order jobs based on how 'at risk they are'?

Selling the latest ipod/phone thingy seems fairly secure so long as there are enough idiots who think they "need" such things.

I saw a big crowd of people outside a O2 shop on my way to work today, seems like they were all desperate to get hold of the latest must have http://news.bbc.co.uk/1/hi/technology/7501321.stm

Funny, my mobile phone cost me £20 4/5 years ago, these morons are paying a fortune for some bit of consumer crap they will be bored with and will need to replace within a year.

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I can't tell whats going to happen to public sector jobs so no suggestions there. They should cut back but whether they will or not, even under severe budget cutbacks is questionable. Gordons actions are in his own interests, not the countries so little hope there.

Oh they will cut back, they will. The problem is that they'll cut back in all the wrong areas. For instance, it's well known that folk get sicker in a recession, but vacant nursing & medicalm posts will be left unfilled & others will be downgraded but "Care Pathway Facilitators" will stay in their pointless jobs.

Worse, as the service then declines further, the managers will then waste even more of our taxes on parasitic management consultants...

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I was thinking bus drivers and train drivers - surely people will be using public transport even more?

Not if they have no job to go to.

I am hoping my job is fairly safe. If not it will be back to the family farm to do some real work, at least I will get a bit more fit if that happens :)

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Selling the latest ipod/phone thingy seems fairly secure so long as there are enough idiots who think they "need" such things.

I saw a big crowd of people outside a O2 shop on my way to work today, seems like they were all desperate to get hold of the latest must have http://news.bbc.co.uk/1/hi/technology/7501321.stm

Funny, my mobile phone cost me £20 4/5 years ago, these morons are paying a fortune for some bit of consumer crap they will be bored with and will need to replace within a year.

:lol:

Same here. Bought my mobile 2nd hand for £15 3 years ago. £40 a year on PAYG tops.

Some of my colleagues with 2nd mortgages to fund their 'device' treat me like the idiot :blink:

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Not if they have no job to go to.

I am hoping my job is fairly safe. If not it will be back to the family farm to do some real work, at least I will get a bit more fit if that happens :)

You are lucky - Food production & processing is probably another area that will be resurgent in the next few years as the cost of imported food rockets.

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Could be that those industries which are considered good equity investments in a bear market are the best to have a job in in a recession.

Off the top of my head, I think that would include:

Utilities, alcohol, tobacco. Not sure what else.

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I hear pornbrokers are doing well lately, this will be a growing business over the coming months

Nah. You can get that stuff on the internet for free.

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If you bury the dead, work in a water reatment plant, bake bread etc you are always going to be in worok.

Just look for jobs that provide needs, not wants.

People need a house to live in :P . So estate agents, house builders, letting agents, buy to let mortgage providers etc?

;)

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Guest Mr Parry
Howdy,

I've been lurking on this site for quite a while now and thought it's about time I said hello.

Hello.

My question is, in the coming recession some jobs will be more at risk than others (the house builders are already suffering) therefore, is it possible to order jobs based on how 'at risk they are'?

How far up the job-risk-hierarchy thing do you think this recession will climb? Is the coming recession going to be so huge that all jobs will be at risk, or are some jobs immune from the effects of recession?

Thanks.

T H

PS. I'd also like to thank HPC.co.uk for the info I've got off it during my lurking. If you filter out the NWO/Four Horsemen/End Of Days prophecies, there's actually a lot of value in this site! :P In a year or so I will hopefully be in a very strong position to buy my first house (just have to wait and see I guess....)

Once we were recession proof. No more. You can't blame it all on the Justice Department.

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:lol:

Same here. Bought my mobile 2nd hand for £15 3 years ago. £40 a year on PAYG tops.

Some of my colleagues with 2nd mortgages to fund their 'device' treat me like the idiot :blink:

Hey, can we have another one of those 'I live on gravel and rainwater to save money' threads? I'm with you on the phone, although mine cost 30 quid new 4 years ago (I'm always mindful of the Hitchhiker's B-ark story when it comes to phones).

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I moved to a recession proof job last year as my sector (IT) is cyclical. Having said that we had our economic depression in 2001 - 2003, and I'm not expecting it to be that bad for us this time round.

Public sector jobs aren't immune to redundancies, but they usually ask for volunteers first - for people in their 50's it can be a real cash cow to get paid off!

I was contracting at a public sector place last year, they asked for volunteers to get redundancy and about a third of the workforce applied, such was the low morale there!!! :(

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Any job held by an HPCer is recession proof. ;)

So it sometimes seems. Experience from last time around tells me that almost no job is secure. The best I can come up with is to be a senior academic at one of the richer Cambridge or Oxford colleges - they have very deep pockets and very long time horizons (longer than any pension fund for example).

edit:typos

Edited by tbatst2000

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I'm doing an engineering doctorate with a start-up company. Even if it goes bust, I can work with another company or at the University and am guaranteed my next 3 years' worth of money (or so they say!). Electronics is being cut a bit round the UK, though. EPSRC bigwigs :(

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  • 396 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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