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I can’t comment about anywhere else, but the UK job market broke down pre-COVID.
Post-COVID it has gotten even worse as even more skills are automated. About the only job sectors actively recruiting are the NHS (primarily nurses), STEM teachers (primary/secondary), retail, and hospitality.
They’re all high stress with a comparatively low wage - the latter 2 tend not to pay living wages and also tend to be “shift work” (i.e. 0 hour contracts).
For those of us holding other jobs, this market has led to wage squeezes and a sharp decline in working conditions. Most folks have taken an effective pay cut, and workload models are squeezing more tasks into each role.
Overall, it’s a clusterfuck of epic proportions.
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But the wealthier get wealthier on profits they could share with their workers, or at least pay it to the government to pay for programs that could help people.
But that won’t work because they need to build more bombs to build to kill foreign people that the workers don’t have a beef with. How about kill fewer foreigners, and distribute the savings among the citizens?
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And your employees probably won’t kill you and burn down your company.
That’s how it’s supposed to work, but at some point, the challenge became “Let’s see how badly we can abuse them before they start killing us, then we’ll back off a bit, and then proceed more slowly.”
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