Bonuses
Most 'Bonus' schemes have targets, have yours risen in a soft market to an untenable level, if so then yes you can get a bonus if you make 10 gazillion dollars, and if you could do that you would not be working here, or have I got that wrong too.
Essentially its all offshore now, like cars and the like, so IT will see a steep decline, and pay cuts, this will filter through to people not buying anything, I for one am re-negotiationg payments with creditors and not buying any UK made items, sticking to the cheapest if i need something.
I realise this will kill the Global Economy, but its dead now anyway is it not?. The economy will ecover when all countries are at their lowest wages whch with UK stagnation and India growth is at the moment 4 years, yep 4 years till India and the UK are on level pegging.
Dont believe it ok then.
Last year your house was worth £200'000 which was $400'000, or 243'000 Euro
This year its worth £170'000 which is $243000 or 180'000 Euro
Your salary is the same
In terms of buying power you just lost over 30% of it.
Now if your country makes things, then this is fine, if its like the UK and the best money to be made is to screw the electorate (Banking, Politics) then not so good.
Whilst the UK is shrinking, India is growing
The uk will shrink again, the currency and your house will be worth less.
At the same time the Indian economy will appreciate and they will get wage rises usually @ 15%
A uk based programmer today is circa £30k and will be as there are no wage rises
An indian based prigrammer who is remote is on circa £15k in todays money
Now if they grow by 10% and we shrink by 4% thats 15% per annum
in 5 years, the circle is squared.
Thats how the wealth of nations works, and CSC and IBM know this, Accenture too (They are based in a tax haven for good reason).
So you will have ajob, and you will have bargaining power, the retail and banking industry will die, it has to before we grow.
We also need to get back to basics, not much point in being a salesman when nobody wants to buy. Also not much point i n moaning about pay when your government allowed Business to dictate where the jobs go, mist companies could close their US and UK operations tomorrow and be no worse off.
In the meantime, im off to watch some Government Ministers clearing their moats of reciepts.