United Kingdom V: Son of a beach

[Brad]

Brexit never even had a chance to **** up the economy

[Cassius_Smoke]

Ah yes, let's go in to Brexit with an absolutely bottomed out economy.

[teddymeow]

8 of the 11 people on my team were furloughed yesterday evening.

I wasn't one of them. So I'm now doing the work of 4 people while trying to homeschool my 4 1/2 year old and stopping my 2 1/2 year old from destroying everything she touches.

[Neon Ignition]

For most companies I'd wager not being furloughed bodes well in the long run


Also - China: 35 new cases in the country, all imported cases. F--- off China, don't believe their stats for a single second.

[Dogg Thang]

Yeah, hard to believe. Although it’s a country that takes measures we wouldn’t and might make every infected person “disappear” so maybe.

Edit: also, is furlough a new term? It’s all over the place now but I don’t ever remember hearing it before.

[MartyG]

For those companies going out of business perhaps, but for others, I'd imagine not furlowing staff would be a financial error, particularly in jobs were a certain level of training/qualification is required.

When you restart, you're going to need that staff and having to re-recruit all those you need from scratch is a huge expense and a time consuming process - recruiting agencies take as much as 30% of final salary for each placement.

[teddymeow]

Furlough: leave of absence, especially that granted to a member of the services or a missionary.
[MENTION=3144]Dogg Thang[/MENTION]

It's an old word.

[Brad]

For those companies going out of business perhaps, but for others, I'd imagine not furlowing staff would be a financial error, particularly in jobs were a certain level of training/qualification is required.

When you restart, you're going to need that staff and having to re-recruit all those you need from scratch is a huge expense and a time consuming process - recruiting agencies take as much as 30% of final salary for each placement.

So you're saying I should start a recruitment agency?

[prinnysquad]

South Korea’s figures are eye-opening, if true.

The economic side of the crisis gives me a headache. The self-employed are meant to be so organised that they have endless savings to dip into, whereas companies with multi-million pound profits are on the verge of ruination after about 5 minutes? Perhaps pay less to fat arsed execs and shareholders in future, and create a contingency slush-fund?

However, I don’t want to see anyone lose their job. So as a country, we have socialised the debt. That’s the problem with capitalism. Just like in 2008, when there’s a problem, we socialise the debts, and then when the better times roll, privatise the profits.

As a system, capitalism in its current guise is based on short termism. If the CV crisis has indicated anything, it’s that the country needs infrastructure to be untouchable. Without it, everything else collapses. Therefore, it should be nationalised, and run as a service, and not as a profit-generation exercise. The illusion of competition in sectors like transport, power and water is laughable. It’s price fixing and racketeering to ensure that there’s always a profit margin. Keep the bloody private sector out of it all, and run it slightly above cost, in order to pay for some R&D.

[speedlolita]

Richard Branson can **** off too.

[Dogg Thang]

Yep, essentials for living should not be left to capitalists. Water, energy, food, transport. And it’s clear we need to add internet in here too now. Imagine the impact of something like this with no internet?

[endo]

Richard Branson can **** off too.

Worth $4 billion, yet wants a fat handout for his airline. How about you dip into your own, exceptionally deep pockets, minge-faced ****?

[Asura]

Worth $4 billion, yet wants a fat handout for his airline. How about you dip into your own, exceptionally deep pockets, minge-faced ****?

I don't get why the government would bail out a private airline. Let it fail! If there's a demand for an airline, another will spring up to replace it, maybe one that maintains a more healthy operating float and doesn't give all their money to shareholders as dividends. If there isn't a need for them, then it won't come back and won't be missed.

Surely this is what they did for the coal mines?

[Dogg Thang]

And this is why Batman is the worst superhero.

(His superpower is being born rich - he’d be no help during a pandemic and would be looking for a Wayne Industries bailout)

[fishbowlhead]

I don't get why the government would bail out a private airline. Let it fail! If there's a demand for an airline, another will spring up to replace it, maybe one that maintains a more healthy operating float and doesn't give all their money to shareholders as dividends. If there isn't a need for them, then it won't come back and won't be missed.

Surely this is what they did for the coal mines?

So min wage is the worst but all those above min wage jobs should go? Oh along with all the ancillary businesses that operate under virgin airlines as well? Ok then.