How worried are you about losing your job right now?

skooterblue2 · 19-03-2020 1:40pm

lawred2 wrote: »

It will depend how patient our Irish billionaire owner is...

Keeping us employed for the next six to twelve months will be tantamount to philanthropy... Our industry is dependent on sports.

Denis OBrien and Michael O Leary will be busy collecting glasses at the Bilderberg conference before they give the G20 their agenda.

lcstress2012 · 19-03-2020 2:02pm

I work in the airport for the DAA so I’m safe enough. Horrible for anyone to lose their job.

Cyrus · 19-03-2020 2:05pm

skooterblue2 wrote: »

Which bit dont you share?
Massive amounts of surface water and hot summers?
Massive amounts of people doing unrestricted moving ?
People living in massive high density areas with poor sanitation?
People returning to their homelands?
Many government either ignore or tried to cover it up with propaganda.
"What about the black and tans?"

You dont see the parralells with World War one?

medical science has advanced exponentially for one.

drunkmonkey · 19-03-2020 2:10pm

lcstress2012 wrote: »

I work in the airport for the DAA so I’m safe enough. Horrible for anyone to lose their job.

Are we not going the shut the airports and have a skeleton staff from Saturday night, I'd hope the government will only allow essential travel, i.e emergency workers/health staff.

skooterblue2 · 19-03-2020 2:17pm

Cyrus wrote: »

medical science has advanced exponentially for one.

yes it has but on what scale? will there be a mask for everyone?
Will there be a ventillator for everyone? or will nurses and doctors have to make decisions?
How are you going to halt the movement of people? or can ordinary people travel further in different directions?
How are you going to cool down the summers and remove the surface water?
how are you going to restricts socialising in ways you couldnt before?

The Virus still doubling in population every 20 minutes in a human body and the global infection rates grows at a rate of about 30% a day give or take (I am monitoring it on a spread sheet).

We know many more things but are we choosing to employ those methods? My less than gifted sisters in law, travelled for St Patricks day to our home despite my protests and one had the flu and the other returned to her mother with diabetes and high blood pressure.

I am not worried about the Virus killing me, I am worried about stupid people doing stupid stuff and not heeding warnings.

All that fandango · 19-03-2020 2:25pm

My job was already on the line when flybe went bust (I work in a small airport).

beauf · 19-03-2020 2:26pm

skooterblue2 wrote: »

There are two separate incidents going on here. One is the Virus, the other is the Financial crash which has to do with uncontrolled leverage and unresolved debt.

Yes but the comment was specifically and solely about the virus. It will be a rolling window and the shutdown will do the same. In China, they haven't lifted the isolation, despite the new cases numbers. But the economic effects have stabilized. No doubt there will continue to be ripples for a long time as it hits China's trading partners in turn.

The housing crash the last time took far longer than 18 months to cycle through the economy, as have other crashes. You could argue the housing crisis hasn't recovered from that a decade later. So where the 18 months comes from I have no idea. Just picked out of air for click bait probably. The stock markets seem to have a crash every other week, constantly in boom and bust cycle. Not everything mirrors the stock market.

This has been going on for months in China and other parts of Asia. They seem to be managing. I'm not entirely sure why there's hysterics from some people here.

Maybe some people don't remember the previous crashes. I certainly do.

skooterblue2 · 19-03-2020 2:36pm

beauf wrote: »

Yes but the comment was specifically and solely about the virus. It will be a rolling window and the shutdown will do the same. In China, they haven't lifted the isolation, despite the new cases numbers. But the economic effects have stabilized. No doubt there will continue to be ripples for a long time as it hits China's trading partners in turn.

The housing crash the last time took far longer than 18 months to cycle through the economy, as have other crashes. You could argue the housing crisis hasn't recovered from that a decade later. So where the 18 months comes from I have no idea. Just picked out of air for click bait probably. The stock markets seem to have a crash every other week, constantly in boom and bust cycle. Not everything mirrors the stock market.

This has been going on for months in China and other parts of Asia. They seem to be managing. I'm not entirely sure why there's hysterics from some people here.

Maybe some people don't remember the previous crashes. I certainly do.

The 18 months is from an american report for the life cycle of the Virus. The economic crash was going to happen one way or another, just the virus came first.

I am not keen on the Chinese definition of "Managed" if you mean denying it, mass graves, one way hospitals and the things that go on in the background in these times.

codrulz · 19-03-2020 2:46pm

skooterblue2 wrote: »

You are far out. This is going to take between 18-24 months, for the virus to complete its cycle.

The financial crash is only a coincidence and is a separate incident to the Virus. I have been predicting this date for 12 months (within a two week window). Everyone was laughing at me last christmas as they all had bumper years in retail. I was telling people to gear up for a sharp financial crash. I was wrong on that accounts as someone or group is interfering with how the stock market is performing as it seems to be a slow crash.

You can't be serious, the stock market has crashed slowly‽ Here's a list of the largest one-day point drops in Dow history, with percents at the end. this drop has eclipsed the 1929 crash substantially and has been stunningly quick. Despite the injection of trillions by central banks across the world to provide liquidity and promote buying.
1 2020-03-16 20,188.52 −2,997.10 −12.93
2 2020-03-12 21,200.62 −2,352.60 −9.99
3 2020-03-09 23,851.02 −2,013.76 −7.79
4 2020-03-11 23,553.22 −1,464.94 −5.86
5 2020-03-18 19,898.92 −1,338.46 −6.30
6 2020-02-27 25,766.64 −1,190.95 −4.42
7 2018-02-05 24,345.75 −1,175.21 −4.60
8 2018-02-08 23,860.46 −1,032.89 −4.15
9 2020-02-24 27,960.80 −1,031.61 −3.56
10 2020-03-05 26,121.28 −969.58 −3.58
11 2020-02-25 27,081.36 −879.44 −3.15
12 2018-10-10 25,598.74 −831.83 −3.15
13 2019-08-14 25,479.42 −800.49 −3.05
14 2018-12-04 25,027.07 −799.36 −3.10
15 2020-03-03 25,917.41 −785.91 −2.94

rahmalec · 19-03-2020 2:52pm

My job is completely gone.
Work in music, would be one of the best in my field and first call in the country for a lot of things.
I recon even when this is all over people still won't be going to gigs for a while.

Anybody have any suggestions for what I should do?
I have a van.
I also have a good numbers brain.

jrosen · 19-03-2020 2:55pm

At the moment not too worried, I have been laid off temporarily but I know my job is there for me when this ends.
However there is only so long smaller business can stay out of operation and not impact the reopening.
The longer this goes on will increase my concern.
I really feel for people where both earners are at risk of loosing their job.

beauf · 19-03-2020 3:03pm

skooterblue2 wrote: »

The 18 months is from an american report for the life cycle of the Virus. The economic crash was going to happen one way or another, just the virus came first.

I am not keen on the Chinese definition of "Managed" if you mean denying it, mass graves, one way hospitals and the things that go on in the background in these times.

Well I agree with you I'm suspicious of China's figures, leopard and their spots etc. But then the UK and the US are doing similar.

I suspect that when they start testing to see who has had it, but didn't notice, they'll find that vastly more people have had it than realized. But that will allow people to resume some form of normality.

Likewise the crash some form of crash or correction was inevitable. But it will come back to a different level but, it will return to a functioning market at some point.

PmMeUrDogs · 19-03-2020 3:14pm

I'm concerned.

I work in hospitality and I'm currently awaiting an email that'll announce our closure. I know we'll reopen because we're a large, corporate business. However, I also know we'll reopen with massive budgetary cuts. Having recently been promoted, I expect to be immediately demoted to save money and have my hours slashed.

So while I'm not worried about losing my job as such, I'm definitely worried about the prospect of going back to an untenable work situation and the idea of having to job hunt in a very precarious time, where I most likely will not be offered my current salary due to the impending economic crash.

skooterblue2 · 19-03-2020 3:16pm

codrulz wrote: »

You can't be serious, the stock market has crashed slowly‽ Here's a list of the largest one-day point drops in Dow history, with percents at the end. this drop has eclipsed the 1929 crash substantially and has been stunningly quick. Despite the injection of trillions by central banks across the world to provide liquidity and promote buying.
1 2020-03-16 20,188.52 −2,997.10 −12.93
2 2020-03-12 21,200.62 −2,352.60 −9.99
3 2020-03-09 23,851.02 −2,013.76 −7.79
4 2020-03-11 23,553.22 −1,464.94 −5.86
5 2020-03-18 19,898.92 −1,338.46 −6.30
6 2020-02-27 25,766.64 −1,190.95 −4.42
7 2018-02-05 24,345.75 −1,175.21 −4.60
8 2018-02-08 23,860.46 −1,032.89 −4.15
9 2020-02-24 27,960.80 −1,031.61 −3.56
10 2020-03-05 26,121.28 −969.58 −3.58
11 2020-02-25 27,081.36 −879.44 −3.15
12 2018-10-10 25,598.74 −831.83 −3.15
13 2019-08-14 25,479.42 −800.49 −3.05
14 2018-12-04 25,027.07 −799.36 −3.10
15 2020-03-03 25,917.41 −785.91 −2.94

That is what I am saying. That stock drop should have all have happened on the one day like 1929. I am talking about a sudden shock not a sustain, lose three days in a row and then gain a bit senario. Someone is injecting money into the American economy to soften the blow. Most people in my wifes family dont understand how the stockmarket affects their lives, just like politics.

helimachoptor · 19-03-2020 3:25pm

I'm in travel tech, we've had a 40% reduction.

Its to be expected, I think most are happy to have a job.
The question is how long can the company survive with that cut and what comes after.

skooterblue2 · 19-03-2020 3:33pm

beauf wrote: »

Well I agree with you I'm suspicious of China's figures, leopard and their spots etc. But then the UK and the US are doing similar.
.

The difference between the UK & USA approach and China is, China did move on it, UK and USA have better intelligence services were slower to react, than the Irish Government. That is scary unless they wanted to cull the older population?

partyguinness · 19-03-2020 3:36pm

Is it time to round on the teachers yet?

Pitchforks ready...

codrulz · 19-03-2020 3:39pm

skooterblue2 wrote: »

That is what I am saying. That stock drop should have all have happened on the one day like 1929. I am talking about a sudden shock not a sustain, lose three days in a row and then gain a bit senario. Someone is injecting money into the American economy to soften the blow. Most people in my wifes family dont understand how the stockmarket affects their lives, just like politics.

Thats not what happened in 1929, it wasn't all on one day, we have had bigger one day drops than they ever did already.
The Fed, ECB, BOE, BOJ are the biggest suppliers of funds such as you mention, through several means such tthrough the repo market, bond purchasing programmes and now lending with equities as collateral.

skooterblue2 · 19-03-2020 3:44pm

codrulz wrote: »

Thats not what happened in 1929, it wasn't all on one day, we have had bigger one day drops than they ever did already.
The Fed, ECB, BOE, BOJ are the biggest suppliers of funds such as you mention, through several means such tthrough the repo market, bond purchasing programmes and now lending with equities as collateral.

yeah but that was when a few thousand dollars would buy a farm and today, would $250000 buy you a John Deere Tractor? Different times. Its still an over leveraged market.

Limerick_dude · 19-03-2020 4:02pm

skooterblue2 wrote: »

I am going to miss the cruise line industry. That is going to take a massive hit with ships tied up for long durations in port. They are already tied up for a month. Anyone here know anything about shipping? An hour tied up is a long time considering port fees. Now imagine one of them Behemoths tied up for months or two years?

You'd have to think this industry is gone with the costs of that alone and it's biggest customers are the older generation, can't see it surviving.

codrulz · 19-03-2020 4:04pm

skooterblue2 wrote: »

yeah but that was when a few thousand dollars would buy a farm and today, would $250000 buy you a John Deere Tractor? Different times. Its still an over leveraged market.

don't disagree that the markets over-leveraged but percentage terms aren't affected by inflation...

skooterblue2 · 19-03-2020 4:07pm

Limerick_dude wrote: »
You'd have to think this industry is gone with the costs of that alone and it's biggest customers are the older generation, can't see it surviving.

Just was on one last year. Cruising is not for the "Newly wed, the over fed and the nearly dead". The model is changing for more family orientated and young couples. There are going to be massive casualties but not for that reason.

Limerick_dude · 19-03-2020 4:32pm

skooterblue2 wrote: »

Just was on one last year. Cruising is not for the "Newly wed, the over fed and the nearly dead". The model is changing for more family orientated and young couples. There are going to be massive casualties but not for that reason.

No matter what model it's changing to it unless whoever owns it has seriously deep pockets it's not going to survive.

skooterblue2 · 19-03-2020 4:38pm

Limerick_dude wrote: »

No matter what model it's changing to it unless whoever owns it has seriously deep pockets it's not going to survive.

You just see the cruise, there is massive finance in deposits, gambling (unregulated at sea), liqour (bulk deals) and wages are minimised at sea. Pence was just out in Florida with the corporation (I think there are only 4 that own the major brands Royal Caribbean, Celebrity, Princess and MSC) getting them Federal aid as they will be in port for two years and a a few tough years recovery.

I would be more worried about air lines going bust and being bought up by competitors.

onrail · 19-03-2020 4:43pm

Currently busy getting through backlog but pretty sure my job in construction consultancy won't be there in a few months time. Baby on the way in the next couple of weeks though, so timing could have been better!

I had been thinking of a career change though, so maybe a little redundancy payout might give me a few bob to retrain and this might be a blessing in disguise.

yerwanthere123 · 19-03-2020 4:55pm

Have two jobs, one in hospitality and the other in education, so I picked two great fields to be employed in :pac:

The hotel I work in is closed for 6 weeks as it stands but will doubtless last a lot longer. I also work as an SNA in a job share scenario and luckily I'm still getting paid for that, but I'm only contracted until the last day of August so very anxious that'll go be gone by the end of the summer. It's a deeply stressful time.

beauf · 19-03-2020 5:47pm

skooterblue2 wrote: »

You just see the cruise, there is massive finance in deposits, gambling (unregulated at sea), liqour (bulk deals) and wages are minimised at sea. Pence was just out in Florida with the corporation (I think there are only 4 that own the major brands Royal Caribbean, Celebrity, Princess and MSC) getting them Federal aid as they will be in port for two years and a a few tough years recovery.

I would be more worried about air lines going bust and being bought up by competitors.

I wasn't aware until recent years just how many of these massive cruise ships dock in Dublin, as well as a lot of smaller sized ones.

But I'm reminded of the Airbus 380 how its business model disappeared.

jimmers23 · 19-03-2020 5:49pm

Meant to be taking next year off work to look after our son with special needs. I'm a teacher, leave approved now terrified my oh will be out of work ( construction)

SusanC10 · 19-03-2020 5:53pm

I have been a SAHM for a number of years. Had an interview scheduled for this week with a view to returning to work. Firm have postponed it until they see how things pan out which is fair enough.

Husband is public service and now working from home.

We will be fine. But I am unsure if there will be opportunities for me to return to work when this is over.

Limerick_dude · 19-03-2020 5:56pm

skooterblue2 wrote: »

You just see the cruise, there is massive finance in deposits, gambling (unregulated at sea), liqour (bulk deals) and wages are minimised at sea. Pence was just out in Florida with the corporation (I think there are only 4 that own the major brands Royal Caribbean, Celebrity, Princess and MSC) getting them Federal aid as they will be in port for two years and a a few tough years recovery.

I would be more worried about air lines going bust and being bought up by competitors.

In port for two years do you know how much alone that will cost? They would need a retro fit after that and all the costs of that.

How worried are you about losing your job right now?

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