The Worst Profession to Presently Be In ?.

[coventrygull]

Also the FS employees you refer to if bank staff probably earned £ 15-£ 20k a year , so what " provisions " for the bad times did you expect them to make ?.

As I have said it was out of their control. If bank managers don't hit their targets. They face the sack

 

[vegster]

Mortgage Broker, yes.... I would also like to include Weather Forecaster and Racing Tipster too as these are both "Result Led" careers in which it is so easy to be completely wrong on a regular basis.

 

[Uncle Spielberg]

Mortgage Broker, yes.... I would also like to include Weather Forecaster and Racing Tipster too as these are both "Result Led" careers in which it is so easy to be completely wrong on a regular basis.

 

[Lord Bracknell]

I know this is going to come across as sounding very heartless - and that's not my intention. But this is a genuine question.

Why is a mortgage broker needed? If the market for mortgages is reformed and simplified (to eliminate ninety percent of the "products" that were created by bankers who were simply trying to reach every last corner of the sub-prime market), getting a loan to buy a house could return to the state it used to be ... with borrowers dealing directly with lenders. And if people could start once again to see a house as simply a place to live, rather than a rung on a "ladder" to illusory wealth, the world would be a much more secure place.

The bubble has burst. Mortgage broking was part of the bubble - a phenomenon that was born in the 1980s and has now had its time.

In other words, I agree with you, Uncle Spielberg. It's definitely the worst trade to be in right now.

 

[Alex Alex Dawson oo! oo!]

Also I am not an employee I am self employed so get no salary, no holiday pay, no sick pay, no meal voucchers, no pension, no company car

Isn't this a reflection of how your business/company is set up though and presumably you had/have some choices in this?
I've arranged all of these myself, apart from the meal vouchers and company car, and that is my decision; I really can't see what stops others from doing the same?

 

[Brighton Breezy]

Journalism. FACT.

 

[The Antikythera Mechanism]

I'm in deconstruction, but very specialised, and we've kept to budget for the half year to Dec 2008. The 2nd half will be much harder going though. A number of major contractors in London are suffering because projects are being put on hold, for example, Bovis Lend Lease have put all their site staff on open ended notice. The problem appears to be that many construction firms have entered partnering agreements with preferred clients, effectively having all their eggs in one basket. These clients have now pulled the plug on, or delayed, new work, wiping out their contractors workload. The answer is to diversify, we have now entered the very lucrative nuclear decommissioning sector and the burgeoning rail sector, in order to replace the downturn in commercial work. The key point for us, though, is that we do not need to rely on the banks for funding, the situation would be much less rosier if we did.

My vote would be for those involved in residential construction.

 

[TWOCHOICEStom]

Please explain how it is ridiculous.

Certainly sir...

I think the post below does that perfectly. Not everyone in banking is on 150k, greedy and is responsible for creating this recession. That was done by a few at the top.

Also the FS employees you refer to if bank staff probably earned £ 15-£ 20k a year , so what " provisions " for the bad times did you expect them to make ?.

 

[Tooting Gull]

Journalism. FACT.

It's certainly one of them. A lot of people who weren't earning much to start with all being threatened with redundancy because of falling ad revenues, over which they have absolutely no control.

Virtually every national paper has cut jobs, and there has probably never been a worse time to think about getting into it and making a decent living.

Many (good) journalists I know are thinking about getting out and doing something else, from English teaching to PR.

 

[Common as Mook]

I know this is going to come across as sounding very heartless - and that's not my intention. But this is a genuine question.

Why is a mortgage broker needed? If the market for mortgages is reformed and simplified (to eliminate ninety percent of the "products" that were created by bankers who were simply trying to reach every last corner of the sub-prime market), getting a loan to buy a house could return to the state it used to be ... with borrowers dealing directly with lenders. And if people could start once again to see a house as simply a place to live, rather than a rung on a "ladder" to illusory wealth, the world would be a much more secure place.

The bubble has burst. Mortgage broking was part of the bubble - a phenomenon that was born in the 1980s and has now had its time.

In other words, I agree with you, Uncle Spielberg. It's definitely the worst trade to be in right now.

I agree with a lot of the above.

I can see mortgage broking moving towards a "price comparison website" model.

 

[Deleted User X18H]

Part Time House Husbandry for sure, changing nappies mashing up food having to go to the bloody swings, whilst missng Terry and June, Don't wait up, Citizen Smith and sure fire winners cos you can't alweys log on to BETFAIR.

The above post is of course in light haeated jest.

 

[itszamora]

It's certainly one of them. A lot of people who weren't earning much to start with all being threatened with redundancy because of falling ad revenues, over which they have absolutely no control.

Virtually every national paper has cut jobs, and there has probably never been a worse time to think about getting into it and making a decent living.

Many (good) journalists I know are thinking about getting out and doing something else, from English teaching to PR.

Indeed. And I am stupid enough to be trying to get into it at the moment

 

[Brighton Breezy]

The paper I work on is just closing its subbing pool and that will now be done more than 60 miles away...

Widespread job losses across the board.

Weekly papers rumoured to be going MONTHLY in a year or two.

Daily papers going weekly.

And as for freelance fees from national newspapers - well The Sun has just announced its fees are dropping hugely.

All aboard the INTERNET.

 

[RexCathedra]

I've always wondered who on God's earth becomes a Proctologist??

Is "innuendo" the Italian for "proctology"?

 

[Gazwag]

OK employees was the wrong word, work in the financial sector then, its still quite a cushy job compared to many others, you have had good times and now its very hard - its still a feel sorry thread.

I don't think the financial sector employees can be blamed. My wife works in the finance sector and was under pressure to sell products to hit targets. She knew the crash was coming but she hardly has any say.

Where did I place the blame in my post

 

[Simster]

Cleaning out portaloos.

Not because they are in danger of getting made redundant, simply because it's a shit job.

It's hard to look beyond mortgage brokering as a truly terrible industry to be in, Gareth, but there are several service industries who are badly affected (if not decimated like mortgage brokering).

In all honesty, I think it's going to take 3 or 4 years before the mortgage brokering industry picks up again. I assume it requires people to move houses in order to really pick up, and that's not going to happen all the while house prices remain inflated and first time buyers need 30% deposits in order to borrow.

Perhaps time to diversify? I know I'd consider doing this if my own profession goes down the pan in the same way.

 

[coventrygull]

OK employees was the wrong word, work in the financial sector then, its still quite a cushy job compared to many others, you have had good times and now its very hard - its still a feel sorry thread.




Where did I place the blame in my post

You said that finance sector employess didn't make provision for the down turn in the Economy. I was just making a point that low level employees have no control over what their employer is doing. On a personal I knew this was coming years ago so we did make provisions. As for the financial sector being cushy. I doubt that very much. Its a hard sell enviroment and amazingly still is

 

[Moshe Gariani]

Is "innuendo" the Italian for "proctology"?

had to look it up - amazing what you can learn as a result of reading NSC...

"A proctologist, more often referred to as a colorectal surgeon, is a medical professional who specializes in diseases of the colon, rectum, and anus. The word is a compound of two Greek words, proktos, for behind or rear quarters, and logy, for study."

"The conditions that a proctologist treats are quite varied. Fecal incontinence caused by medical issues will be treated by a proctologist, as is severe constipation. In addition, cancers of the colon and rectum are the purview of a proctologist, as are fissures, fistulas, and hemorrhoids. In the case of a rectal prolapse, when the rectum turns itself inside out, a proctologist will step in to treat the condition and the underlying cause, if one can be identified."

 

[BensGrandad]

Publican , as in lessee of a pub rather than a manager who although set targets still receives a wage until he fails to hit those targets. Publicans with rents to pay are having their rents raised to ridiculous levels and the price of the beer from their pub owners increased so that they have to up the price at the bar hence trade is dropping and they are not helped by the government with its taxation. 39 such pubs are closing weekly throughout the country.

 

[Man of Harveys]

I've always wondered who on God's earth becomes a Proctologist??

Someone who likes looking up old friends?

(That was brought to you by "Give An Old Joke A Home", an MoH-endorsed charity)