Has the recession really had a negative affect on you?

Zascar

I was just thinking the other day, how although we are in a recession and all, really I'd say most people are no worse off at all... In fact for many it might actually have a positive effect!

OK, so i work in IT Sales where my salary is largely commission based - I have seen a clear downturn in business lately, so my earnings follow suit. A lot of large companies are tightening their belts and cancelling projects or putting them on hold, playing it safe.

Now the majority of people are on a fixed salary, so, leaving aside the fact that there is a risk you could loose your job, really your earnings are not at risk. However due to the recession, a lot of things have got significantly cheaper! Petrol prices have gone down, if you are on a tracker mortgage you're laughing, from a retail perspective shops are lowering prices to try to encourage greater turnovers and the sales are even coming early. If like me you tend to buy a lot online, the sterling/euro rate means that buying form the UK has never been more attractive!

Have you really been affected in a negative way from the recession, or are you actually slightly better off?

MagicMarker

but... i don't know what a tracker mortgage is!

brianthebard

Yes its had a negative effect with all the recession threads on boards I don't know what to do with myself.

AckwelFoley

I lost my job. I have christmas off.

so, no.
\o/

4zn76tysfajdxp

Zascar wrote: »

Has the recession really had a negative affect on you?

No, it's had no effect on me whatsoever.

Terry

Yep.
The building trade has crumbled.

Mostly though I blame half arsed Polish labourers for undercutting my prices by about 300%.
I really can't justify working for the prices they charge.

destroyer

Best thing to happen to this country in along time. I've actually met people lately who have embraced reality for the first time in many years.

Zascar

Heard a great one on the radio the other day... One of the regular callers talking to the presenter:

"What is it with Women and Christmas??? Do they not know we are in a recession? I swear to God my Sharon thinks that the Credit Crunch is some type of breakfeast Cereal!"

"I went to the ATM the other day and it said 'insufficient funds' - I didn't know if it was me who has run out of money, or the Bank!"

AckwelFoley

Terry wrote: »

Yep.
The building trade has crumbled.

Mostly though I blame half arsed Polish labourers for undercutting my prices by about 300%.
I really can't justify working for the prices they charge.

You work in building?
Im studding a partion wall now, want a few hours work?
:pac:

snyper

snyper wrote: »

I lost my job. I have christmas off.

so, no.
\o/

Same boat.

Terry

snyper wrote: »

You work in building?
Im studding a partion wall now, want a few hours work?
:pac:

Nah. I'm hungover.

Nope. I'm as broke as I've ever been.

Quazzie

So far its been great because I'm on the same wage but get more stuff for my money. There has been talks of redundancies where I work in the new year so that might change it all but for now, BRING IT ON!!

FunkZ

It's all been positive to me. The way I see it is that in one years time nobody will be wearing Abercrombie or Ugg Boots!

ressem

A 50% drop in pay, and uncertain employment as customers start delaying and re-reviewing large scale techie projects that were scheduled to get the go-ahead in the last few months.

On the other hand I might get my boards post-rate up from it's historic glacial rate, so expect to see more dry s&^*! here.

Plug

I get an extra 120 euro a week thanks to a pay rise 2 weeks ago:D We have been very busy the last few weeks.

anonymous_joe

Not yet.

I'm a student, my parents jobs are untouched, so I'm ok. But I'll have graduated and be out in the world in the next couple of years, so I'd say I'll be effected then.

destroyer

FunkZ wrote: »

It's all been positive to me. The way I see it is that in one years time nobody will be wearing Abercrombie or Ugg Boots!

wont they get them for half nothing on the closing down sales???

Terry

Plug wrote: »

I get an extra 120 euro a week thanks to a pay rise 2 weeks ago:D We have been very busy the last few weeks.

Repo man?

anonymous_joe

destroyer wrote: »

wont they get them for half nothing on the closing down sales???

Abercrombie's not really sold in this neck of the woods. Uggs I'm not sure about. ^^

Terry

Terry wrote: »

Repo man?

Or a debt collector.

Mark200

No immediate effect on me. I'm a student and had a full time summer job, and I'm current working 9 - 5 on Saturdays. I'm going to quit soon though because it's annoying me.

I've got enough money saved up to get me through college life until next summer, and probably a good bit longer if I don't buy anything expensive like an iPhone or laptop or something like that.


Overall, the recession will probably have a positive effect on me. In 3 and a half years I'll be hopefully receiving my degree in Computer Science. The economy should be back into full swing, big companies will probably be looking for new graduates to fill the empty spaces left by previous workers that were let go during the recession.
House prices should be affordable, compared to two or three years ago where they were just ridiculous and stupidly unsustainable.

My parents are both civil servants so they should be ok.

One of my friend's dad lost his job a few months ago (construction) and my best friend's mam will probably lose hers any day now. Just her and her mam live together so that will probably be tough.

Plug

Terry wrote: »

Repo man?

I'm an apprentice mechanic with Ford. I tell ya I'll be eating steak for Christmas, I'll only be swimming in the money!

Sir Gallagher

destroyer wrote: »

Best thing to happen to this country in along time. I've actually met people lately who have embraced reality for the first time in many years.

Yeah the reality of having no job for Christmas is great craic.

Nolanger

Does anyone else realise that the Celtic Tiger is gone for good and will not be back? This recession will last years and probably turn into a depression. We're all fu**ed - it's not a case of the jobs coming back in a few years. Those Irish jobs are on a one-way ticket to East Europe and Asia.

Mark200

Nolanger wrote: »

Does anyone else realise that the Celtic Tiger is gone for good and will not be back? This recession will last years and probably turn into a depression. We're all fu**ed - it's not a case of the jobs coming back in a few years. Those Irish jobs are on a one-way ticket to East Europe and Asia.

If we manage to keep our low corporation tax and highly skilled work force, a lot of them will be back.

You can't just ship highly skilled jobs off to a country with very cheap labour and little education

Captain Darling

I can only afford coke and hookers every second night now.

johnnyskeleton

It is having a large impact on a lot of my friends who are thinking of jetting off to other countries.

So while I probably will be able to survive working here, the number of drinking buddies is going down.

The only things that make me happy anymore are reading thepropertypin and watching Anglo Irish shares fall to pieces (and an occasional troll of the stranger fora on boards.ie). Shaudenfreud I know, but there it is.

woodseb

Plug wrote: »

I'm an apprentice mechanic with Ford. I tell ya I'll be eating steak for Christmas, I'll only be swimming in the money!

em, you are aware that Ford are very close to bankruptcy?:rolleyes:

Plug

woodseb wrote: »

em, you are aware that Ford are very close to bankruptcy?:rolleyes:

They won't file for bankruptcy;)

xOxSinéadxOx

Mark200 wrote: »

If we manage to keep our low corporation tax and highly skilled work force, a lot of them will be back.

You can't just ship highly skilled jobs off to a country with very cheap labour and little education

skilled workforce is a myth

AckwelFoley

xOxSinéadxOx wrote: »

skilled workforce is a myth

Compared to uganda its not

flyton5

It sure has. I now can't go on boards or go to work without listening to someone talking ****e about it. It's making me depressed. Just stop talking about it.

Terry

Plug wrote: »

I'm an apprentice mechanic with Ford. I tell ya I'll be eating steak for Christmas, I'll only be swimming in the money!

There will be plenty of work for mechanics because people won't be buying new cars as much as they have been for the past few years.

johnnyskeleton

Terry wrote: »

There will be plenty of work for mechanics because people won't be buying new cars as much as they have been for the past few years.

But if they don't have jobs they might ditch the car and just get the bus.

Terry

johnnyskeleton wrote: »

But if they don't have jobs they might ditch the car and just get the bus.

Yeah. That'll happen.

Quazzie

Terry wrote: »

There will be plenty of work for mechanics because people won't be buying new cars as much as they have been for the past few years.

False.. a lot of garages are gone three day week because they simply don't have the business. This is particularly true of main dealers. Their rates and overheads are higher. There is going to be a large drop in new car sales which will mean less cars on the road as a whole and thus is bad for mechanics.

I done three years of my apprenticeship as a mechanic and got out of it because I soon realised that the owner of the garage was charging customers €300 for every €7 i made. Its not hard to see where the money is being made their.

Terry

Q2002 wrote: »

False.. a lot of garages are gone three day week because they simply don't have the business. This is particularly true of main dealers. Their rates and overheads are higher. There is going to be a large drop in new car sales which will mean less cars on the road as a whole and thus is bad for mechanics.

I done three years of my apprenticeship as a mechanic and got out of it because I soon realised that the owner of the garage was charging customers €300 for every €7 i made. Its not hard to see where the money is being made their.

Less new cars means more old cars which means more problems.

arseagon

Of course main dealers are going to suffer because they are a complete rip off. the local mechanic that charges quarter the fees is the one who is going to do well.

destroyer

The worst case scenario being predicted is 10-12% unemployment...
that leaves 90% working.......addin the 4-5% who dont want to work...

how bad is it??????????

AckwelFoley

Terry wrote: »

Less new cars means more old cars which means more problems.

problem is though, people are not buying second hand cars at the moment.

Plug

Q2002 wrote: »

False.. a lot of garages are gone three day week because they simply don't have the business. This is particularly true of main dealers. Their rates and overheads are higher. There is going to be a large drop in new car sales which will mean less cars on the road as a whole and thus is bad for mechanics.

I done three years of my apprenticeship as a mechanic and got out of it because I soon realised that the owner of the garage was charging customers €300 for every €7 i made. Its not hard to see where the money is being made their.

We were put on a 3 day week, now were back on 5. Thursday we had 17 cars booked in, that didn't include the cars the came in as the day went by. We were surprised we were that busy at this time of year.

Kold

6 Bavaria is €8 now. This is bullsh*t.

shane86

Zascar wrote: »

If like me you tend to buy a lot online, the sterling/euro rate means that buying form the UK has never been more attractive!

Dont know why people would bother- everything in the shops (clothing mainly) is way cheaper than online. Online is only cheaper for electronics and spare parts tbh.

All the effects have been positive for me- few months ago bought about 120 worth of good label clothing/jerseys that were easily close to 270-300 last year, and this year the January sales have kicked off pre Christmas ffs.

However, socialising is still the same cost. I am bored as hell in my job, and sure there aint any other jobs to go to, to its Australia for me by Jan or Feb. Weather, cost of drink and food, fact I cant switch jobs in this country, all factors.

shane86

johnnyskeleton wrote: »

It is having a large impact on a lot of my friends who are thinking of jetting off to other countries.

.

I think a sense of being sick to the balls of being bled dry for every last penny by the cnuts in big business here is as big a driving factor for emigration as the bad economy tbh. I can have a drunken night out in Sydney for maybe 50 euro or less, on (in euros) 2.70 pints and 7 euro dbl vodkas (and often a complimentary drink or two on the house), and a taxi fare half the cost of home (I have gotten out of taxis there having not yet rached the Irish minimum start fare of 4.60 or whatever- again, a ridicilously high fare necessary because our idiot government handed out too many licences). Until the bar owners drop their prices young people here wont be arsed staying. Lik I said about the complimentary drink you often get in Sydney- I was in one place where the club had laid on 10 jugs of punch and a large measure of vodka, we got completely tanked for free. Compare that to here- 2 euro to mind your jacket, charging 2 euro for pouring 1/20th of orange spirit mixer out of a bottle bought for 90 cent by the bar, people in countries like Germany would simply say **** this, we arent going out drinking until this stops. That is why their cost of socialising is so low. We just grumble but keep drinking 6 euro pints and 14 euro dbl vodkas anyway.

Captain Darling

Kold wrote: »

6 Bavaria is €8 now. This is bullsh*t.

God be with the days when i could get six cans for a fiver and a bottle of (tonic) wine (ahem) for four quid.

Kipperhell

Mark200 wrote: »

Overall, the recession will probably have a positive effect on me. In 3 and a half years I'll be hopefully receiving my degree in Computer Science. The economy should be back into full swing, big companies will probably be looking for new graduates to fill the empty spaces left by previous workers that were let go during the recession.
House prices should be affordable, compared to two or three years ago where they were just ridiculous and stupidly unsustainable.
.

I was going to say "hate to break it yo ya" but I decided not to. You don't really know your future in IT if you think it is going to be that good for you. Big IT companies hire graduates every year pretty much regardless of the economic future. The then work them constantly doing 60-70 hour weeks. They do not pay well and then when you become expensive they let you go. You then have to take a lower position in another company and when you get expensive they let you go. You see two college graduates will work for the same as you and work longer hours.
Some people will get promoted but generally the graduates are made work long hours for little pay or benefits. Their social lives revolve around those they work with and those who work the longest hours will get promoted over those with ability.
A hell of a lot of software work is moving out of Ireland but some of it will have to stay. A big reason for so many leaving is Ireland can't keep producing IT graduates in order to keep the employment practices going.

The other key thing is most of what you learn in college is useless. Your degree also becomes obsolete within a year or two unless you have been working.

The recession has effected me my IT contract rate was reduced by €10 a day. That nearly a 3% drop on top of that the government are going take an extra 1% off my income!

FX Meister

yes

destroyer

Captain Darling wrote: »

God be with the days when i could get six cans for a fiver and a bottle of (tonic) wine (ahem) for four quid.

aye, and a bottle of stout and 10 woodbines still left change out of a
2 shilling bit

Captain Darling

destroyer wrote: »

aye, and a bottle of stout and 10 woodbines still left change out of a
2 shilling bit

A box of snuff was only two and six as well. Simpler times. Ahhhhhhhhhhhh.:D

sillysasauge

I think the recession will make everyone nice n cozy, and we will all start talking to our neighbours again , cos we will all be in the same boat, and we will not be jealous that they got a new conservatory and we didn’t. And we will go and give them milk when they run out. JUST LIKE THE GOOD OLE DAYSY WAYS'S!!! so many hehes i think you will agrees