How much time someone spends in college should have no bearing what so ever on how much they earn. How much their skills are worth to a client or/and employer should be the sole factor in determining their income. If the time in college adds to the open market value of their skills then great but qualification and time spend in and or themselves are no reason to demand higher pay.
JSA is means-tested and lasts forever.
Isn't that the problem? Should be cut after 12 months.
Are you suggesting that people should be paid more than their customers are willing (or able) to pay simply because they have spent a long time being educated?That is total and complete nonsense.
People aren't going to train for years and give up a decade of earnings to take on increased responsibility for nothing.
Remuneration is the reward offered by a capitalist society and that is what's expected.
If people see they cannot get paid for what they do they will seek alternative employment.
Anyone with the requisite aptitude and ability should be able to enter any profession.Plus, you seem to be assuming that simply anyone can waltz into a career in the professions and become a success - you're dead wrong there.
The number of newly qualified solicitors entering the market doubled between 1988 and 1998 and doubles again between 1998 and 2008 ([broken link removed]). Are you suggesting that they should all be well paid simply by virtue of the fact that they spend a long time getting qualified? If so can you let us know who should pay them?The numbert of people attending at third level, never mind qualifying with a marketable profession or skill in the private sector is relatively small for any given generation.
How do you deduce that?You fail to see that what a person earns over his lifetime determines his standard of living and ultimately the quality of life when he retires.
They do this in the reasonable belief that their skills will be valuable to the market and so they will get a good return on their investment.Professional study and the early years of a practice taked away the first 5-12 years of earning potential through study and minimally paid work.
This occurs at the start of your career - especially at a time when your mates in paid enployment are able to afford cars, entertainment, taking girls our to dinner, foreign holdays - all the trappings of success.
You have no money to invest in pensions or put away in savings.
You effectively truncate your earning potential by 25-20% over an average 45-year career, in fact you are paying out money on digs and fees and books and study trips with no income coming in.
So a shop owner should charge more simply because he spent a fortune building a kick-ass shop? ...or maybe he should only build a kick-ass shop if he thinks there is a market for one and he can get a good ROI.of course its appropriate to charge more for your services otherwise you'll never reclaim that deficit.
Now that’s rubbish. Any self employed carpenter can be held to account for his work. That’s why they pay insurance. That’s why “professionals” pay insurance.All professionals offer a level of advice in their field that "the man on the Clapham omnibus cannot aspite to" - this is what they are paid for and the standard they are held to should matters do haywire and proceed to Court.
Joe worker can rely on the rule that "the master is liable for the torts of his servant" - not so the professional.
I’m not criticising what professionals charge. I am saying that what they charge is set by what the market is willing to pay for their skills and has no direct relation to how long they spent in college, how much they spent on their qualification or how many bells and whistles they have. For example GP “A” may only have the basic qualifications necessary to open a practice while GP “B” may have extra qualifications hanging out of their ying-yang. If more people like GP “A” they can charge more because the market will stand higher prices for their services.So before you go criticising professionals for what they charge, leanr a little about what it means to be a professional.
This is not to defend outrageous monies earned by some professional, but this is also the market believing that "you get what you pay for".
Large (Law) firms offer a depth and breadth of skills that smaller offices do not. For large companies/ large cases economies of scale justify much larger spends for these skills, but still it’s the market deciding the price that can be charged.This isn't the case in professional terms and a small committed office can easily offer a service matching the integrity and professionalism of a larger firm or a "name" firm - the market doesn't see this, and so the bigger offices get bigger and the smaller ones trundle among.
Smaller firms are capable of designing housing estates, but its usually for one or two loyal clients.
They could probably take on more residential estate work , but simply don't get the numbers of schemes being offered that the larger office get - such is life.
Size seems to matter in professional life as in elsewhere and you pays your money and you takes your choice.
I suggest that the average plumber knows more about that than the average socicitor.Sometimes its not fair - its a matter of who gets to the seats first.
Of course going to the marketplace and winning clients isn't something that Joe worker knows much about - he is paid for his time or his skill or his organizational abilities or whatever.
Only the directors and marketing people face that grind of seeking new work in adverst trading conditions.
What on earth are you talking about? I am saying that the market should set the price, you are not; I am arguing for a capitalist model, you are not.But let's for the minute assume your equal-paid utopia comes to pass - this actually happened - as far as it could - in Soviet Russia.
This only works if there is free housing for those who need it, and state aid and health care for all - which again happened in Soviet Russia.
Even there you had the ridiculous levels of black marketeering - it cost 600 Roubles to run a Taxi in 1988 in Moscow - Taxi men earned 600 Roubles - the same as a Microbacteriologist I shared midnight tea with on the train from Moscos to Leningrad - what did the Taxi man live on? Exactly.
What’s your solution, should the state pay professionals a subsidy if the market will not stand the fees they wish to charge in order to have the lifestyle their years of study justify?Now address capitalism
This levelling drift cannot work in a free market economy.
Many people dissillusioned with their life for the first decade after college and no promise of money thereafter to spur them on will simply choose not to study.
The professionals who remain in practice will be swamped with demands for their services and will put up their fees and the highest payers will win.
You will end up with a less egalitarian society, not more, if you pursue your thoughts to the logical consequences.
I know they are, my sister is a solicitor. I am simply pointing out that the buyer (the market) sets the rate, not the seller.BTW, there are plenty of solicitors, accountants and professionals out there who exist, not at the Superstar Level, but on €30-40K/annum.
That's pretty close to the industrial wage IIRC - and you want to tell them they have to earn less.
I have news for you - they are!
You have my sympathies, genuinely (for what little they are worth) but that’s the nature of things.I'll be looking for a tax rebate this year if things keep going the way they are.
I wouldn'tagree with the arguement if you cut welfare payments and the minimum wage prices will come down and everything will be fine.
What needs to hapen first is rents come down (not the unemployed's area), then prices will fall, (again not the unemployed's area) and only whe prices fall by 50% is it reasonable to suggest cutting the minimum wages by 50% is a good idea
Remuneration is set by the market. This idea you have that spending years studying should automatically mean you're entitled to a certain level of pay is complete nonsense in that context.Remuneration is the reward offered by a capitalist society and that is what's expected.
taking girls our to dinner,
But the landlords should take the hit first, sequence is important, can't start with the unemployed and low paid as they are the most vulnerable,
That just doesn't happen, how would the landlord set the price?
They can only react to market demand.
Landlords are already reducing rent, because of falling demand,
As rents have only fallen by about 10% I will argue against any suggestion to cut social welfare or the minimum wage by 50%, as I think to do this would cause alot of damage to the wider economy.
At the moment, maybe the long term dole and the minimum wage could be cut by 10% but I do not think it would improve much regarding our current economic problems or high prices.
I have lived on far less (adjusted down for inflation) and it was damn hard but at least it wasn’t a hand out; I earned it .allow yourselves to live on the equivalent dole money for few weeks and then come back with your replies,i am sure there would be a lot less snobbery after.
Onq - There was a guy on thepropertypin blowing a few months back about all the years architects spend studying and their great skills etc.
Can an architecture degree not be obtained in the standard 4 years, similar to other professions? Doesn't every professional have to 'learn the ropes' subsequent to college?
Are you suggesting that people should be paid more than their customers are willing (or able) to pay simply because they have spent a long time being educated?
Anyone with the requisite aptitude and ability should be able to enter any profession.
The number of newly qualified solicitors entering the market doubled between 1988 and 1998 and doubles again between 1998 and 2008 ([broken link removed]). Are you suggesting that they should all be well paid simply by virtue of the fact that they spend a long time getting qualified? If so can you let us know who should pay them?
How do you deduce that?
They do this in the reasonable belief that their skills will be valuable to the market and so they will get a good return on their investment.
So a shop owner should charge more simply because he spent a fortune building a kick-ass shop? ...or maybe he should only build a kick-ass shop if he thinks there is a market for one and he can get a good ROI.
Now that’s rubbish. Any self employed carpenter can be held to account for his work. That’s why they pay insurance. That’s why “professionals” pay insurance.
I’m not criticising what professionals charge. I am saying that what they charge is set by what the market is willing to pay for their skills and has no direct relation to how long they spent in college, how much they spent on their qualification or how many bells and whistles they have. For example GP “A” may only have the basic qualifications necessary to open a practice while GP “B” may have extra qualifications hanging out of their ying-yang. If more people like GP “A” they can charge more because the market will stand higher prices for their services.
Large (Law) firms offer a depth and breadth of skills that smaller offices do not. For large companies/ large cases economies of scale justify much larger spends for these skills, but still it’s the market deciding the price that can be charged.
I suggest that the average plumber knows more about that than the average socicitor.
What on earth are you talking about? I am saying that the market should set the price, you are not; I am arguing for a capitalist model, you are not.
What’s your solution, should the state pay professionals a subsidy if the market will not stand the fees they wish to charge in order to have the lifestyle their years of study justify?
I know they are, my sister is a solicitor. I am simply pointing out that the buyer (the market) sets the rate, not the seller.
You have my sympathies, genuinely (for what little they are worth) but that’s the nature of things.
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