Is there a "secret" recession happening?

....... · 03-05-2019 04:01PM #1

Life is after getting more expensive, but wages dont seem to be going up to match.

Just some examples personally - myself and himself feel like we are more broke than we have ever been, his wages have never recovered since the recession, and while mine have, the cost of living is much higher.

In work - one guy is leaving because his LL is selling and he cant find anywhere else to rent so he is going to a different country.

One girl in work came over from a different country for the job and was going to stay with friends til she found somewhere but its been months now and she cant find anywhere she can afford so she is likely going to go back to her home country.

Another guy in work has asked can he work from home permanently so he move to another county and live with some family members because he cannot afford his latest rent increase.

A friend has left his job for another job specifically with a company who can relocate him outside of ireland - because he says he can no longer afford the rent here.

My father in law has asked us for money to fix his roof as he hasnt two beans to rub together since his business was wiped out in the recession.

I just feel like everywhere I turn, people are struggling.

MarkR · 03-05-2019 04:02PM

I won a car wash the other day, so no.

ytpe2r5bxkn0c1 · 03-05-2019 04:04PM

I had lunch in a not inexpensive restaurant today and the place was packed.

03-05-2019 04:04PM

It's out of the bag now.

theteal · 03-05-2019 04:05PM

Change jobs, best way to increase salary in my experience.

corner of hells · 03-05-2019 04:05PM

I engage in low level drug dealing and buy and sell antique militaria.
The antique dealing is doing very well this month , much better than the drug dealing, so nobrecession for me.

Deebles McBeebles · 03-05-2019 04:05PM

I don't think its any big secret that people are struggling, OP.

BeerWolf · 03-05-2019 04:07PM

MarkR wrote: »

I won a car wash the other day, so no.

Yeah, well... I got a free easter egg from my car wash...!

kowloon · 03-05-2019 04:07PM

theteal wrote: »

Change jobs, best way to increase salary in my experience.

If only people knew that getting paid more was the simple solution to not being paid enough.

Del2005 · 03-05-2019 04:10PM

....... wrote: »

Life is after getting more expensive, but wages dont seem to be going up to match.

Just some examples personally - myself and himself feel like we are more broke than we have ever been, his wages have never recovered since the recession, and while mine have, the cost of living is much higher.

In work - one guy is leaving because his LL is selling and he cant find anywhere else to rent so he is going to a different country.

One girl in work came over from a different country for the job and was going to stay with friends til she found somewhere but its been months now and she cant find anywhere she can afford so she is likely going to go back to her home country.

Another guy in work has asked can he work from home permanently so he move to another county and live with some family members because he cannot afford his latest rent increase.

A friend has left his job for another job specifically with a company who can relocate him outside of ireland - because he says he can no longer afford the rent here.

My father in law has asked us for money to fix his roof as he hasnt two beans to rub together since his business was wiped out in the recession.

I just feel like everywhere I turn, people are struggling.

Everything in this post, bar your father in law, is the opposite of a recession. In a recession prices go down not up.

You're friends are in the wrong industry. Your father in law lost his business during the recession. Did he loose the ability to work to make money since?

EmmetSpiceland · 03-05-2019 04:10PM

theteal wrote: »

Change jobs, best way to increase salary in my experience.

Very true. A lot of places are still using the last crash as an excuse to not give annual increases. They’ll give you the bonus but no increase.

Tacklebox · 03-05-2019 04:12PM

I though with the way they were going to configure our taxes prsi and that other horrific tax we're paying id have extra wages, instead after the last budget I was down 20 euro rather than up a tenner.

So that 1040 less in my wages than last year rather than the extra rather than the 520 extra.
So that's this year's holiday out the window.

Its almost as if they hire a good actuary in order to take a tenner off us every year...

So in effect that bit extra we think we're getting is an illusion.

....... · 03-05-2019 04:15PM

Del2005 wrote: »

Your father in law lost his business during the recession. Did he loose the ability to work to make money since?

Yes he did.

....... · 03-05-2019 04:16PM

Del2005 wrote: »

Everything in this post, bar your father in law, is the opposite of a recession. In a recession prices go down not up.

Thats why I called it a secret recession, I didnt mean a recession in normal terms. I dont know what to call it but all around me I see people struggling in a way I never did before - even during the "real" recession.

I think a lot of it is down to the housing market. But not all of it.

Tacklebox · 03-05-2019 04:16PM

Del2005 wrote: »

Everything in this post, bar your father in law, is the opposite of a recession. In a recession prices go down not up.

You're friends are in the wrong industry. Your father in law lost his business during the recession. Did he loose the ability to work to make money since?

Hope you've the same theory during the next recession.

Still waters · 03-05-2019 04:17PM

Del2005 wrote: »

Everything in this post, bar your father in law, is the opposite of a recession. In a recession prices go down not up.

You're friends are in the wrong industry. Your father in law lost his business during the recession. Did he loose the ability to work to make money since?

And if prices go up and wages stay the same what happens then, what industries would you recommend people work in so they never see a bad day, her father in law might still have legacy debts hes still servicing and trying g to keep his head above water at the same time

....... · 03-05-2019 04:18PM

Still waters wrote: »

And if prices go up and wages stay the same what happens then, what industries would you recommend people work in so they never see a bad day, her father in law might still have legacy debts hes still servicing and trying g to keep his head above water at the same time

He does and health issues and at this stage he is in his 70s so he is not going to be getting another job.

03-05-2019 04:39PM

Feeling worse off is not the same as factually being worse off.

stefanovich · 03-05-2019 04:44PM

You forget the fact that most people are supposed to struggle.

_Brian · 03-05-2019 04:44PM

From what I can see is that high skilled jobs have bounced back in wages. However less skilled jobs are different, they seem to be stalled and many people are on precarious contracts.

James Brown · 03-05-2019 04:46PM

....... wrote: »

Life is after getting more expensive, but wages dont seem to be going up to match.

Just some examples personally - myself and himself feel like we are more broke than we have ever been, his wages have never recovered since the recession, and while mine have, the cost of living is much higher.

In work - one guy is leaving because his LL is selling and he cant find anywhere else to rent so he is going to a different country.

One girl in work came over from a different country for the job and was going to stay with friends til she found somewhere but its been months now and she cant find anywhere she can afford so she is likely going to go back to her home country.

Another guy in work has asked can he work from home permanently so he move to another county and live with some family members because he cannot afford his latest rent increase.

A friend has left his job for another job specifically with a company who can relocate him outside of ireland - because he says he can no longer afford the rent here.

My father in law has asked us for money to fix his roof as he hasnt two beans to rub together since his business was wiped out in the recession.

I just feel like everywhere I turn, people are struggling.

Different people at different levels feel it at different times. As it grows and more feel it blaming 'the left' or People Before Profit will only fly for so long. Sure we've Fianna Fail in the wings and the merry-go-round continues....

_Kaiser_ · 03-05-2019 05:11PM

_Brian wrote: »

From what I can see is that high skilled jobs have bounced back in wages. However less skilled jobs are different, they seem to be stalled and many people are on precarious contracts.

Wages may have bounced back for some but so too have the costs - rent, fuel, utilities.. it seems like everything is back to only going one way.. up.

So while people may have more cash in their pay cheque, they could easily be worse off (especially if renting)

03-05-2019 05:16PM

Brexit is beginning to bite: Look at the resulting layoffs in places like an aerospace Co. Think of the trickle down effect.

sk8erboii · 03-05-2019 05:17PM

A burger meal is now 25 euros. I remember 10 years ago when it was 12eu. But wages have stayed the same

Harry Palmr · 03-05-2019 05:17PM

All that's happened is that the price of accommodation is now completely out of whack with the growth of wages. I say all - it's quite important as rents are easily the biggest chunk of take home pay for anyone who does not live with mother or has paid off the mortgage.

JupiterKid · 03-05-2019 05:25PM

The issue is that there has been a divergence in the growth in wages between the highly skilled sectors like IT, Financial Services, the professions and the like and those in less skilled sectors where wages have not grown significantly and employment can be precarious (I.e. zero hour contracts, short term contracts etc.)

Add in a housing affordability crisis, especially in the private rented sector in Dublin and to a lesser extent the regional cities - driven both by soaring demand and by badly thought out housing policies by the current government and the lingering legacy issues around the last property and banking collapse - and the result is many households and families and people are indeed struggling, some struggling very badly.

Housing costs are a huge component of the financial burden on people at the moment, and it is set to get worse in the short to medium-term.

Something to be borne in mind with the upcoming local and European elections.

KikiLaRue · 03-05-2019 05:26PM

sk8erboii wrote: »

A burger meal is now 25 euros. I remember 10 years ago when it was 12eu. But wages have stayed the same

Where are you eating burgers??

Zorya · 03-05-2019 05:28PM

The workers lost the war, OP.

Dawido · 03-05-2019 05:31PM

We live in a capitalism, the strongest will survive and the weakest will live like locust in shared accommodation or homeless shelters.

Victor · 03-05-2019 05:58PM

....... wrote: »

Is there a "secret" recession happening?

https://www.google.com/search?q=recession+meaning&rlz=1C1CHBF_enIE704IE704&oq=recession+m&aqs=chrome.1.69i57j0l5.5534j1j7&sourceid=chrome&ie=UTF-8#cns=0

recession
/rɪˈsɛʃ(ə)n/
noun
1.
a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.

No there isn't a recession. Even during a boom, there will be people who will find things difficult.

henryporter · 03-05-2019 06:08PM

MarkR wrote: »

I won a car wash the other day, so no.

You mean you got the car washed or you went all Skylar White and picked one up from some dude called Bogdan?

Is there a "secret" recession happening?

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