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Post by elystokie on Apr 9, 2024 15:08:31 GMT
Why not. They pay those in the public sector for doing fuck all. Is that true? I basically work public sector and I find it gruelling. It's intense, with long hours, insecure funding etc. My friends who jumped to the private sector said it's lots easier. And the pay is way higher. I regularly get recruiters emailing me with salary ranges 50-100% above what I'm on. I worked in the public sector for a short while and found the same, the 'incentive' was the pension scheme.
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Post by mtrstudent on Apr 9, 2024 15:12:39 GMT
It's surely good news that average life expectancy was 67 when the pension age was set to 65 in the 1940's and now its 80? We've all been gifted 13 more years. The question is how do we pay for it? I think the idea was that if the economy got better we could afford more? But no government wanted to save up for it. Sounds like the oatcake is decided - either work later or eat enough pizza and ice cream to die sooner!
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Post by mtrstudent on Apr 9, 2024 15:16:35 GMT
Is that true? I basically work public sector and I find it gruelling. It's intense, with long hours, insecure funding etc. My friends who jumped to the private sector said it's lots easier. And the pay is way higher. I regularly get recruiters emailing me with salary ranges 50-100% above what I'm on. I worked in the public sector for a short while and found the same, the 'incentive' was the pension scheme. Thinking about it I've seen some council workers who are lazy and unmotivated, but the same in the private sector too. Especially middle management, their screens were always on Facebook, Amazon etc.
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Post by elystokie on Apr 9, 2024 16:05:24 GMT
I worked in the public sector for a short while and found the same, the 'incentive' was the pension scheme. Thinking about it I've seen some council workers who are lazy and unmotivated, but the same in the private sector too. Especially middle management, their screens were always on Facebook, Amazon etc. Indeed, my first job out of the Navy was testing satellite payloads for a private company, 95% of my time was spent reading the paper, playing solitaire or minesweeper, going to the canteen (or the pub when on overtime at weekends 😀) or going home a few hours early from an afternoon shift 🙂 One Sunday I was on just over triple time for an 8 hour shift, I was only actually there for just over 2 hours and most of that was spent reading the paper and drinking tea 😂
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Post by hoppo96 on Apr 9, 2024 16:24:40 GMT
the problem isn't life expectancy, whether up and down it's that many are in often poor health for a big chunk of their lives before they die.
And I think as the pension age increases that will start to show, I've met 62 year olds who are completely knackered physically being shifted onto Job Centre computer courses, these people can barely type. It seems obvious that they aren't gonna be employed in any computer role, but they can't just relax until their retirement age.
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Post by mtrstudent on Apr 9, 2024 16:38:15 GMT
And I think as the pension age increases that will start to show, I've met 62 year olds who are completely knackered physically being shifted onto Job Centre computer courses, these people can barely type. It seems obvious that they aren't gonna be employed in any computer role, but they can't just relax until their retirement age. That's something I was concerned about mate. I do a ton of computer work so hopefully could keep working into my 70s. But expecting warehouse workers to beat their bodies to shit over 50 years then keep going seems a bit much! Although we'll probably be getting pushed around by Elon Musk's robots by then so maybe there's no point worrying or even saving up.
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Post by gawa on Apr 9, 2024 16:51:02 GMT
Life expectancy has peaked in my opinion, I think that number will start going the other direction now. Mental health shot, cancer diagnosis increasing, more young people getting cancer, health service gone to shit. Those with private health care will do alright but for the rest of us we are heading the opposite direction. Not a good news story at all. It's surely good news that average life expectancy was 67 when the pension age was set to 65 in the 1940's and now its 80? We've all been gifted 13 more years. The question is how do we pay for it? The average person has gained 13 years compared to the average age of death during WW2. Working class men will be pulling that average down compared to other groups, so probably not quite 13 years for the average person on here. I doubt people in the 1970s were celebrating the prospect of retiring 10 years later than their ancestors did in the 1890s. I think the fact that we are comparing ourselves to 1940s war fatigued Britain which didn't even have a NHS until the end of the decade shows how far we've fallen.
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Post by gawa on Apr 9, 2024 16:58:44 GMT
Let's also not forget that we also have one of the worst state pensions in Europe either.
Mad that countries like Italy, Greece and Spain which have all had financial issues and needed bailouts still have incredibly better pensions than the uk.
Wheres our money going?
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Post by superjw on Apr 9, 2024 19:37:52 GMT
Let's also not forget that we also have one of the worst state pensions in Europe either. Mad that countries like Italy, Greece and Spain which have all had financial issues and needed bailouts still have incredibly better pensions than the uk. Wheres our money going? Into rich people’s pockets
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Post by henry on Apr 9, 2024 20:10:24 GMT
Let's also not forget that we also have one of the worst state pensions in Europe either. Mad that countries like Italy, Greece and Spain which have all had financial issues and needed bailouts still have incredibly better pensions than the uk. Wheres our money going? The EU had it to bail out countries like Italy, Greece and Spain which all had financial issues and needed bailouts.
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Post by mtrstudent on Apr 9, 2024 22:09:05 GMT
Let's also not forget that we also have one of the worst state pensions in Europe either. Mad that countries like Italy, Greece and Spain which have all had financial issues and needed bailouts still have incredibly better pensions than the uk. Wheres our money going? I thought the triple lock had done great things in helping so many pensioners out of poverty. Obviously not everyone, but it's helped. It's mostly being paid for by today's workers. I suspect millennials are gonna be told it's too difficult and expensive when it's our turn.
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Post by mtrstudent on Apr 9, 2024 22:22:27 GMT
I’ve just worked out what I’ve earned in my lifetime compared to what I actually have now. I need a lie down I just added up how much rent I paid over 9 years. $140k. Was absolute bottom of the market - 400 sq ft studio facing straight onto 12 lanes of traffic.
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