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BBC Infographic - The Future of Our Economy

Discussion in 'BlackHat Lounge' started by Umbrella Corporation, Jul 2, 2012.

  1. Umbrella Corporation

    Umbrella Corporation Newbie

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    Economy.png

    Any idea where this is heading? Specifically, in case of UK? :(
    If you are a UK citizen/resident I would also like some info about ground situation over there. What's the situation of jobs, rent etc?
     
  2. Seankearns

    Seankearns Jr. VIP Jr. VIP Premium Member

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    This reminds me... Happy (belated) Canada day! #goodluckeurope
     
  3. meathead1234

    meathead1234 Moderator Staff Member Moderator Premium Member

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    Scaremongering bullshit IMO.

    Plenty of jobs to be had in the UK, but seeing as we have such a "good" social welfare system, if you're lazy it's easier not to work and just live off benefits. Most think they are above all the menial jobs, so they just get taken by migrant workers who work harder, take less money and don't think they are too good for it. In my local supermarket, there are no English people working there, and some of the checkout staff have MBAs (the guy I spoke to was from Bangladesh).

    Rent is going up all the time, especially in London. In the area I live, rent went up 20% in the last 12 months. A reasonable 3 bed apartment would cost you about $3500 a month now.
     
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  4. Umbrella Corporation

    Umbrella Corporation Newbie

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    Thanks, your honest opinion actually helped me since am moving to UK. I can understand your comment about "menial jobs". I come from a middle class background in India. Here, even if am unemployed I won't take up a job in a supermarket. But I won't hesitate to take up a supermarket job in UK! May be it's working the same way for citizens over there? You may ask the reason for my hypocritical behaviour, but here's my answer - general infrastructure and standard of living in India is simply not comparable with developed countries. So, to compensate my living here I must do a white collar job and earn loads of money. For moving to a developed country, am ready to pay the price by doing menial jobs for a short term, till I get a better job or my business becomes stable.

    P.S: My current IM earnings are near zero. Was making good money by exploiting TPB, till they toughened their moderation. :( :(
    So, menial jobs seems to be the way to go!
     
  5. gingerbuzz

    gingerbuzz Junior Member

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    My friends in the banking sector in Asia reckon July is the month for the collapse of Europe. My friends in the UK are all struggling to make ends meet and they dont have spare cash, they dont advocate it as a good place to be right now. Actually theres another post on here by a British guy whose having problems making end meet, but for sure UK is a good country in which to live, mostly safe, good housing and schools.
    Is it a place to make money I'm not sure. I think theres more doom and gloom to come as the storm isnt over yet.
     
  6. Duffers5000

    Duffers5000 Elite Member

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    Theres plenty going on in the UK. Might not be as much liquid money splashing about as there used to be but life is still good. Im from Ireland originally and that chart would make you think that people in Ireland are searching through bins to survive.....absolute shite... most of my mates are still rolling around in X5's and Q7's. The recession is worldwide everywhere has to tighten the belt a little and we have all had to adapt to find new markets but they are still there if you are willing to try.
     
  7. DutchTrafficService

    DutchTrafficService Regular Member

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    The UK is the mother of all bubbles, waiting to deflate...
     
  8. Duffers5000

    Duffers5000 Elite Member

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    Been in the UK over 10 years. The economy is solid. Apart from some over inflated areas house and land prices have been steady. The main problem is the lack of growth in the economy. The government has failed to stimulate growth and at the same time reduced confidence in consumers to spend. I saw the same thing happening in Japan when I was out there 15 years ago..People had money but were scared to spend it. But bubble ??? no way Ireland was a bubble people were paying £750,000 for 3 bed terraces in dirtbox parts of Dublin that I wouldnt have walked through when I was young.
     
  9. DutchTrafficService

    DutchTrafficService Regular Member

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    Eh....nvm ;)