I think the problem for many blue collar workers and particularly those in the auto industry is that many of them have been employed there for a large number of years and the dearth of manufacturing means that suitable replacement jobs may not be available.
this is an important fact the bears don't seem to understand.
i know lots of people who were made redundant in the gfc and it ended up being the best move that could have happened to them. the bears always assume these redundancies are a disaster, but for everyone who struggles there's always others who actually do very well out of the situation.
I had lunch with a mate yesterday who was made redundant a week ago and got a $130k payout. He was back in Brissy to secure a position doing the same job with an offshoot of the same firm. As soon as he kicks his tenant out of his PPOR here, he'll start back and rent what was his home of the last 18 mths back out again. To top it off, his "old" employer who just gave him redundancy, said he can probably start back again in a year with them doing his old job.
I wonder if he can swing a second redundancy with his new employer
Ignore posts by The Whole Truth · View Post · End Ignoring The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
I had lunch with a mate yesterday who was made redundant a week ago and got a $130k payout. He was back in Brissy to secure a position doing the same job with an offshoot of the same firm. As soon as he kicks his tenant out of his PPOR here, he'll start back and rent what was his home of the last 18 mths back out again. To top it off, his "old" employer who just gave him redundancy, said he can probably start back again in a year with them doing his old job.
I wonder if he can swing a second redundancy with his new employer
It can work out well. My BIL still regrets not taking redundancy when it was offered, as he says his department has gone to shit afterwards. A lot depends on your position in life, and how much they offer, and where there is any work around. It's also probably good to go early as was my case, rather than later. I also think you can't be complacent and treat it like a holiday. You need to act as soon as you hear the rumor. I started making calls as soon as I got a wiff of it, and I was back in a job on more money in less than a month.
But that is not the case for everyone, especially if you work at a job which is not transferable, or you live in a region which is dominated by one employer who collapses. It can be the end of the line for some.
I think the problem for many blue collar workers and particularly those in the auto industry is that many of them have been employed there for a large number of years and the dearth of manufacturing means that suitable replacement jobs may not be available.
Same thing happened to my mate, he got laid off by a large company 2 months ago, got a Huge pay out. Then they told him start your own Company and work for us from home and they are Paying him $25/hr more...??
He's funny he was telling me he's loving it...getting up late, do a bit of work, Watch some videos on youporn, have a few long necks do a little more work etc..
Same thing happened to my mate, he got laid off by a large company 2 months ago, got a Huge pay out. Then they told him start your own Company and work for us from home and they are Paying him $25/hr more...??
He's funny he was telling me he's loving it...getting up late, do a bit of work, Watch some videos on youporn, have a few long necks do a little more work etc..
Catweasel say crikey.
It might be one of a friends of our Frankie.
It like a blue collars is a gifted with some the mystical powers.
As Hannah Arendt pointed out the progress of all totalitarian moments depends on the dismantling of society. To dismantle any groupings that stand in the way of its assumption of total power. And then convince the populace that this is the new normal. When the Nazis took power, they didn't augment society and legal structures, they progressively sought their destruction and removal. Once this was achieved there was nothing to stand in the way of extermination camps as being perceived as "normal".
Arendt's view contradicts the concept that there is innate goodness in humankind. What we call morality is an arbitrary value that rests on long held traditions. The Totalitarian state must destroy this as its first priority.
Same thing happened to my mate, he got laid off by a large company 2 months ago, got a Huge pay out. Then they told him start your own Company and work for us from home and they are Paying him $25/hr more...??
He's funny he was telling me he's loving it...getting up late, do a bit of work, Watch some videos on youporn, have a few long necks do a little more work etc..
Fine until you die of a heart attack 20 years early.
Australia has had a recession. It is nuts to define it as negative GDP growth for two quarters when population growth is occurring, the same way it's nuts to look at house prices in nominal terms (and there are bulls and bears responsible for this mistake too on here).
GDP per capita is the only way to compare that makes sense. Suppose I said that everyone in your department of ten was to share from a 20 per cent increase in the salary budget. And then I said the only catch is that there were going to be fifteen people sharing it. Would you still celebrate your rise?
We are less due a recession now than at any time in the last five years
themoops
9 Dec 2013, 09:02 PM
It wouldn't surprise me. Scares you hey. It's in a Murdoch rag too. The likes of which you support.
Hey Moopy, me old fruit. Is that thing in your signature about property being off by 2016 a genuine belief or just there to make you look like a nutter. If it's real I'd love to have a wager on it with you?
Count du Monet
10 Dec 2013, 06:31 PM
As Hannah Arendt pointed out the progress of all totalitarian moments depends on the dismantling of society. To dismantle any groupings that stand in the way of its assumption of total power. And then convince the populace that this is the new normal. When the Nazis took power, they didn't augment society and legal structures, they progressively sort their destruction and removal. Once this was achieved there was nothing to stand in the way of extermination camps as being perceived as "normal".
Arendt's view contradicts the concept that there is innate goodness in humankind. What we call morality is an arbitrary value that rests on long held traditions. The Totalitarian state must destroy this as its first priority.
If you are trying to be clever it's "sought" not "sort"
Australian Property Forum is an economics and finance forum dedicated to discussion of Australian and global real estate markets and macroeconomics, including house prices, housing affordability, and the likelihood of a property crash. Is there an Australian housing bubble? Will house prices crash, boom or stagnate? Is the Australian property market a pyramid scheme or Ponzi scheme? Can house prices really rise forever? These are the questions we address on Australian Property Forum, the premier real estate site for property bears, bulls, investors, and speculators. Members may also discuss matters related to finance, modern monetary theory (MMT), debt deflation, cryptocurrencies like Bitcoin Ethereum and Ripple, property investing, landlords, tenants, debt consolidation, reverse home equity loans, the housing shortage, negative gearing, capital gains tax, land tax and macro prudential regulation.
Forum Rules:
The main forum may be used to discuss property, politics, economics and finance, precious metals, crypto currency, debt management, generational divides, climate change, sustainability, alternative energy, environmental topics, human rights or social justice issues, and other topics on a case by case basis. Topics unsuitable for the main forum may be discussed in the lounge. You agree you won't use this forum to post material that is illegal, private, defamatory, pornographic, excessively abusive or profane, threatening, or invasive of another forum member's privacy. Don't post NSFW content. Racist or ethnic slurs and homophobic comments aren't tolerated. Accusing forum members of serious crimes is not permitted. Accusations, attacks, abuse or threats, litigious or otherwise, directed against the forum or forum administrators aren't tolerated and will result in immediate suspension of your account for a number of days depending on the severity of the attack. No spamming or advertising in the main forum. Spamming includes repeating the same message over and over again within a short period of time. Don't post ALL CAPS thread titles. The Advertising and Promotion Subforum may be used to promote your Australian property related business or service. Active members of the forum who contribute regularly to main forum discussions may also include a link to their product or service in their signature block. Members are limited to one actively posting account each. A secondary account may be used solely for the purpose of maintaining a blog as long as that account no longer posts in threads. Any member who believes another member has violated these rules may report the offending post using the report button.
Australian Property Forum complies with ASIC Regulatory Guide 162 regarding Internet Discussion Sites. Australian Property Forum is not a provider of financial advice. Australian Property Forum does not in any way endorse the views and opinions of its members, nor does it vouch for for the accuracy or authenticity of their posts. It is not permitted for any Australian Property Forum member to post in the role of a licensed financial advisor or to post as the representative of a financial advisor. It is not permitted for Australian Property Forum members to ask for or offer specific buy, sell or hold recommendations on particular stocks, as a response to a request of this nature may be considered the provision of financial advice.
Views expressed on this forum are not representative of the forum owners. The forum owners are not liable or responsible for comments posted. Information posted does not constitute financial or legal advice. The forum owners accept no liability for information posted, nor for consequences of actions taken on the basis of that information. By visiting or using this forum, members and guests agree to be bound by the Zetaboards Terms of Use.
This site may contain copyright material (i.e. attributed snippets from online news reports), the use of which has not always been specifically authorized by the copyright owner. Such content is posted to advance understanding of environmental, political, human rights, economic, democratic, scientific, and social justice issues. This constitutes 'fair use' of such copyright material as provided for in section 107 of US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed for research and educational purposes only. If you wish to use this material for purposes that go beyond 'fair use', you must obtain permission from the copyright owner. Such material is credited to the true owner or licensee. We will remove from the forum any such material upon the request of the owners of the copyright of said material, as we claim no credit for such material.
Privacy Policy: Australian Property Forum uses third party advertising companies to serve ads when you visit our site. These third party advertising companies may collect and use information about your visits to Australian Property Forum as well as other web sites in order to provide advertisements about goods and services of interest to you. If you would like more information about this practice and to know your choices about not having this information used by these companies, click here: Google Advertising Privacy FAQ
Australian Property Forum is hosted by Zetaboards. Please refer also to the Zetaboards Privacy Policy