Ducati Sporting Club UK > General > Idle Chat > IS THE ECONOMY GOING INTO RECESSION?

[philthy]

Recession? Depends where you are in the food chain.

I have worked in the sign industry for 20 years and many of us are struggling to make any sort of profit. Overheads like insurance, rates and power can be crippling as madmav states.

The general trend in wages is down. You only have to look in the papers to see ''ordinary jobs '' paying £12k and managerial jobs paying £15k to realise this. People who already work for larger companies ( Oil etc. )- don't know how lucky they are. I have friends who earn £35k plus index linked pensions etc. who complain!

In small ( Say up to 15 people ) companies many can't afford to contribute to a pension as their wages are so low. This is paving the way for a two tier society in the near future. If wages for the lower paid continue to reduce in real terms they will take full advantage of the credit on offer and it won't take much to tip them over the edge into reposessions and the like.

There , I feel better now that's off my chest