who is going to profit from the recession?

Martron

is it a case that companies can pay their staff less under the smoke of a recession but charge clients the same price as before?

GrumPy

Yor MA

Martron

well i suppose if yours was busy

GrumPy

Martron wrote: »

well i suppose if yours was busy

Take that back :pac:

Martron

you first.

ejmaztec

The Samaritans

RandolphEsq

I won't profit recession or not. 10euro per hour can hardly get any worse. I may have to go back on the streets

Martron

well back on topic..... are companies just going to pay less when they are getting paid the same?

AlmightyCushion

The dole office is gonna make a fortune out of the recession. They'll have people lining up down the street to get into the place.

Martron

how will they make money exactly?

genericgoon

Martron wrote: »

well back on topic..... are companies just going to pay less when they are getting paid the same?

There will be less money floating about for these companies to compete for though in many cases so no they won't profit from the recession. Once things have recovered and they takes ages to implement a restoration is wages in when theyll make money.

However, some places will do well. Off the top of my head, pawn shops, discount supermarkets (eg Lidl, Aldi), liquidators and baliffs will be doing well in these hard times.

Martron

dont forget grumPy's ma

DiscoHugh

yea liquidators, debt collectors and repo men will be singing in a golden age

DonkeyStyle \o/

off-licences... everyones depressed and nobody has to be up for work in the morning.
though that already describes me *sips his vodka*

Martron

+1 why do you think i am watching saving private ryan

anonymous_joe

Apparently a few of the auditors (that's KPMG etc) are beefing up their debt management sections etc.

genericgoon

DonkeyStyle \o/ wrote: »

off-licences... everyones depressed and nobody has to be up for work in the morning.
though that already describes me *sips his vodka*

bookies won't be too badly affected either as desperate men resort to desperate measures to stay afloat.

hussey

the commies

Mimikyu

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Mimikyu

This post has been deleted.

woop

civil servants

Sherifu

George Lee.

whiskeyman

I'd imagine cheap / cost driving places like Aldi and Lidl will continue to thrive.
Consumers won't put up for high prices and will want to be watching their cents.

godtabh

BrightEyes wrote: »

I won't profit recession or not. 10euro per hour can hardly get any worse. I may have to go back on the streets

I've worked for £2.46 an hour before. People dont realise how good its got but all good things will come to an end. At least we shouldnt be as badly hit as the 80s

thelordofcheese

I will, as i plan to design and operate a series of suicide booths.

though if this were a real country i could just go to the top floor of a tall building and profit from peoples misery there, but no........

Pompey Magnus

Sinn Fein will do well from it and the Labour Party will probably decide to go left wing again.

Pubs, people drinking their sorrows away. The bookies will do well too from people trying to make a quick but not easy Buck with their dole money.

Toots

Yeah, I reckon LIDL and ALDI are headed into a golden age alright. Accountants the like will probably do well too, and solicitors, cos in all likelihood some people have borrowed way too much and are going to end up in trouble over it.

Some who won't do so well are the banks that were literally handing out mortgages from 04 to 06. Not going to name names, but one in particular springs to mind. I'd say a lot of the people they loaned to are going to find it very tough if interest rates keep rising.

Toots85

Toots85 wrote: »

Some who won't do so well are the banks that were literally handing out mortgages from 04 to 06. Not going to name names, but one in particular springs to mind. I'd say a lot of the people they loaned to are going to find it very tough if interest rates keep rising.

I know all about it mate . They really are in the ****s now. Did you know that some banks are now only giving 80% for First Time Buyers with the max with some banks 90%....? That means on average in DUblin for example, House = €350k means you'll need to get between €35k - €70k. Thats insane, people will be living with their parents for a few more years now it would seem.

Winters

I'll wait to see what Jim Corr has to say on the matter...
He is a solid bloke with his head firmly on his shoulders, clearly.

KnifeWRENCH

Off-Licences, Pubs, Bookies, Casinos,Drug dealers, Economists, Repo-Men.
The Gardai / Riot police / Drug squad / Batman : anyone who fights crime basically.

And if thelordofcheese gets his suicide booths up and running - Funeral Directors.