State of the Market

[GigiBronz]

I think people are not grasping the basic concept that central banks print money out of thin air and give it to companies for basically free. Companies in exchange hire people because more people more money. Governments are happy because people have a cubicle cage.

Now that the free money has ended an everything around us is crumbling, everyone is laying off people, maybe to get back the cheap money (everything works on debt). Maybe some other reasons... (I do not want to say because then I will also get called a conspiracy theorist)

Everything is basically a scam and inflation has been created by the government.
"People don't want to work anymore" - no, people want to work, people are purpose driven, people do not want to work for nothing while everything costs an arm and a leg. And the best benefit that came out of the pandemic (thanks China and Fauci) was WFH now is being taken away.

The other points mentioned: 1) working 2 x £300pd outside contracts is stupid, they might be both £500pd and agent pocketing the rest. Or usually cheap clients are more demanding than clients that can afford a healthy budget. 2 contracts and the risk is that YOU WILL BURN OUT in less than 6 months. Guaranteed.

2) over-tailoring your cv is stupid, you'd spend hours only to apply for maybe 10 gigs that might be fake or cv harvesting exercise. Who is recommending that probably doesn't have a clue.
If it is a direct role or you know someone in then maybe.

Regarding the state of the market, unfortunately I have caught a stomach bug and would be on a strict diet for the next few months. This would complicate travel very much so would be 1/2 days per month / remote only for now. I haven't seen a role like this in months so I guess I am benched for now.

For people that suggest 300pd, good luck with that, you are also assuming taking some risks. Getting a stomach bug in London is a genuine risk and if you have financial commitments you do not want a stomach bug to bankrupt you. If you are tight financially you should act now and not engage in hopeful thinking. ( I don't and I can stay abroad for a while where everything is cheaper and better)

[DrewG]

You’re wrong. You’re just spewing out the same old ‘jaded old man’ rubbish about fake roles etc.

It only takes 20 mins to tailor a CV.

Tailoring your CV is for the client, not for the recruiter

Get the clients name before sending your CV, if you can’t, it’s fake or you never bothered to learn to negotiate (usually the latter reading the posts around here).

I don’t even engage with agents asking for a CV before sending me a detailed spec. I’ve also never been out of contract unwillingly.

[SussexSeagull]

You’re wrong. You’re just spewing out the same old ‘jaded old man’ rubbish about fake roles etc.

It only takes 20 mins to tailor a CV.

Tailoring your CV is for the client, not for the recruiter

Get the clients name before sending your CV, if you can’t, it’s fake or you never bothered to learn to negotiate (usually the latter reading the posts around here).

I don’t even engage with agents asking for a CV before sending me a detailed spec. I’ve also never been out of contract unwillingly.

I agree about the benefits of a tailored CV. It's just if it is in a virtual pile with 200 other CVs it becomes a lottery.

Never been out of contract? Ok then.

[Fraidycat]

And the best benefit that came out of the pandemic (thanks China and Fauci) was WFH now is being taken away.
2 contracts and the risk is that YOU WILL BURN OUT in less than 6 months. Guaranteed.

You do come over as a spoilt entitled snowflake.

You have it easy, compared to 99% of the world population.

[GigiBronz]

You do come over as a spoilt entitled snowflake.

You have it easy, compared to 99% of the world population.

F. the 99%, we were born with ambition and spent a lot of time in school (and in our free time) learning this trade.

I want to take what is mine. Not only some crumbles that get thrown away.

I am still humble in face of God but I want to make money so that I am not a slave for the rest of my life. And I can afford a comfortable life.

There are children playing with toys on YouTube that make millions a year and you are are calling 8k net in London and wanting to afford a bit more than eating in Greggs “entitled”?
it’s slave mentality.

[Fraidycat]

There are children playing with toys on YouTube that make millions a year

Instead of envying them why don't you join them and start your own youtube channel?

There is a big market niche for 'pessimism porn' and conspiracy theories.

Lots of Gen Yers like yourself who love to be told they are victims because they cant afford to buy a house, you can then recommend financial ideas to them. Youtube channels that are finance related have the highest revenue per view compared to all other types of channels.

[cojak]

And what does this have to do with the state of the market?

[SussexSeagull]

And what does this have to do with the state of the market?

It's apparently a grand scheme by the powers that be to keep working people in check by deliberately creating an unfavourable job market as opposed to the gross incompetence by the powers that be I always assumed it was.

Wake up sheeple.

(sadly I can't find an irony emoji)

[Fraidycat]

It's apparently a grand scheme by the powers that be to keep working people in check by deliberately creating an unfavourable job market as opposed to the gross incompetence by the powers that be I always assumed it was.

It is both, they are both incompetent, and when it comes time to pay for that incompetence it is the working middle that pay, with high taxes and high interest rates.

There is now talk of interest rates going to 5.75% this year: https://www.thisismoney.co.uk/money/...ouseholds.html

I don't even want to think about how bad things will get if that happens.

My advice to any benched contractor reading this who did not find a role during the recent April bounce, is to find anything: perm or contract and not to be picky about the salary or rate. It is going to be a bad out there for the next six months at least, and it could even last another 18 months.

[SussexSeagull]

It is both, they are both incompetent, and when it comes time to pay for that incompetence it is the working middle that pay, with high taxes and high interest rates.

There is now talk of interest rates going to 5.75% this year: https://www.thisismoney.co.uk/money/...ouseholds.html

I don't even want to think about how bad things will get if that happens.

My advice to any benched contractor reading this who did not find a role during the recent April bounce, is to find anything: perm or contract and not to be picky about the salary or rate. It is going to be a bad out there for the next six months at least, and it could even last another 18 months.

If making the working middle pay for failure of government policy is a conspiracy then it has been going on for several centuries.