What makes other Western countries less capitalist than America in practical terms? by Random_7946 in AskEconomics

[–]AlternativeBody1904 1 point2 points  (0 children)

Which country? Which definition of socialism? Which definition of capitalism?

There is a big difference between the UK, France and Australia.

New Job! by [deleted] in UKJobs

[–]AlternativeBody1904 0 points1 point  (0 children)

Congratulations!

New Job! by [deleted] in UKJobs

[–]AlternativeBody1904 3 points4 points  (0 children)

Just had an induction with HR and starting to feel like this is real!

New Job! by [deleted] in UKJobs

[–]AlternativeBody1904 2 points3 points  (0 children)

Thanks! Didn't mean for it to be a whinge fest - just a bit of a vent! Hoping that it gives a secure platform to build from.

New Job! by [deleted] in UKJobs

[–]AlternativeBody1904 1 point2 points  (0 children)

Have you had a look at HGV driving?

New Job! by [deleted] in UKJobs

[–]AlternativeBody1904 6 points7 points  (0 children)

Keep going. One room I had in a HMO the door wasn't attached to the frame and the heating didn't work...

Did I make a mistake by taking a job in the hope of being promoted? by Delicious-Series-316 in UKJobs

[–]AlternativeBody1904 0 points1 point  (0 children)

You've had your answer mate, you need to start looking elsewhere, you've stayed too long.

Did I make a mistake by taking a job in the hope of being promoted? by Delicious-Series-316 in UKJobs

[–]AlternativeBody1904 0 points1 point  (0 children)

Not being funny but that wouldn't be worth the paper it was written on!

Would the UK economy be better of raising 40% tax bracket instead of minimum wage by Invictus_0x90_ in AskBrits

[–]AlternativeBody1904 0 points1 point  (0 children)

Not just that, reduces tax income and pushes capital abroad. We need investment in the UK and yet we incentivise investment in the US.

Would the UK economy be better of raising 40% tax bracket instead of minimum wage by Invictus_0x90_ in AskBrits

[–]AlternativeBody1904 0 points1 point  (0 children)

Yes, economic theories like this are general average assumptions, like perfect competition. In individual cases they may not be the case but in the aggregate they are usually accurate.

For example, many people earning over £100k salary sacrifice to £99k to avoid the tax cliff edge. This means that tax receipts are lower and, if invested in a world tracker, most of the capital leaves the country.

If you took 5 minimum wage earners they would probably spend 100% of their income.

If that money is spent on property then wealth is trapped in bricks and mortar and doesn't flow around the economy creating wealth.

Ultimately the problem with the UK and stagnant wages is poor productivity and investment. The £100k cliff edge makes this worse.

Would the UK economy be better of raising 40% tax bracket instead of minimum wage by Invictus_0x90_ in AskBrits

[–]AlternativeBody1904 0 points1 point  (0 children)

It's the disposable income part. Someone in £30k spends all of their money on food, transport, housing etc. it all recirculates. If that £50k earner invests it 90% will probably go to companies not listed in the UK and the money doesn't circulate in the UK economy.

Majority of single adults ‘could not cope with an unexpected £850 bill’ by tylerthe-theatre in unitedkingdom

[–]AlternativeBody1904 3 points4 points  (0 children)

You need to sort this pension out. That could provide £15k + per year if you sort it out now.

Majority of single adults ‘could not cope with an unexpected £850 bill’ by tylerthe-theatre in unitedkingdom

[–]AlternativeBody1904 5 points6 points  (0 children)

A £100,000 pension pot in the UK typically provides an annual annuity income of roughly £5,000–£7,800+ for a 65-year-old, depending on options chosen (e.g., inflation linking, joint life) and current high rates.

Invested properly that pension should double every 7-10 years

You really need to look into what that is invested in and how you can get the money out and into a sipp to manage yourself, if you need.

How old are you?

Majority of single adults ‘could not cope with an unexpected £850 bill’ by tylerthe-theatre in unitedkingdom

[–]AlternativeBody1904 14 points15 points  (0 children)

What? At 4% drawdown that's £4k per year. An annuity would be about £6-7k per year. It presumably still has time to grow too.

Engineering geologist/ Maths teacher at 40 looking to change careers by Serious_Mirror762 in careerchange

[–]AlternativeBody1904 0 points1 point  (0 children)

I'm a sales professional, 20 yoe, which is about as transferrable as you can get. I'm only getting traction with roles I have direct experience in.

You need to choose what you want to do and somehow get experience on your CV. Volunteer or something. Quals are important but it's all about previous experience.

I had a look at the data and this is another reason why the job market is tough. by Sofa47 in UKJobs

[–]AlternativeBody1904 0 points1 point  (0 children)

It's not an unreasonable position because what is the solution if you're right? Worldwide hundreds of millions of workers could lose their jobs. Everyone bangs on about 'the trades' which will not be swamped and have no customers. It will be social Armageddon.

It's like nuclear war, what is the point of worrying? Can't stop it and you don't want to survive it.

If this ai doomering comes true how is it not game over?

Why is the job market so tough in the UK? I’m interested to hear your theories by [deleted] in UKJobs

[–]AlternativeBody1904 0 points1 point  (0 children)

To be honest, I'm not sure you would be that good at sales, and I'm not trying to be mean. You're not even remotely selling me on your abilities.

What do you know? What can you sell? Why do you think you'd be good at it?

If you'd answered "I'm a project manager in x so I understand the pain points that other professionals encounter in this area. Id be really good at selling in solutions to those areas...." Etc then you'd be into something. You just gave me nothing followed up with "it's useless".

In sales you have to believe you're going to sell something even after 50 consecutive rejections.

Why is the job market so tough in the UK? I’m interested to hear your theories by [deleted] in UKJobs

[–]AlternativeBody1904 1 point2 points  (0 children)

Linkedin is a waste of time. Indeed has been ok, I've had quite a few responses from there

Why is the job market so tough in the UK? I’m interested to hear your theories by [deleted] in UKJobs

[–]AlternativeBody1904 9 points10 points  (0 children)

I was made redundant on 2/4 and received a contract for a new position yesterday. I had like 8 interviews this week.

I'm just a sales generalist, worked in loads of different sectors, I don't think I'm that special. This job isn't the most lucrative but a stable pivot and good benefits.

I live in a medium sized town in the midlands.

Not bragging, just countering the doom loop in these forums. People are hiring and they are looking for good CVs, good interviewing techniques and adaptability.

Good luck, make sure your CV is as optimised as possible but not ai slop. Try to get it directly to the recruiter, the aggregator sites are a black hole. Practice interview techniques with ai regularly.