Pensions for all and solidarity forever…

Legal Eagle

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I am aware that my recent comments concerning social democracy and the golden generation may have been slightly misconstrued. My intention was not to critique those now retired I was actually commending this generation for placing themselves on the right side of the poverty line, a position they and previous generations earned through struggle. I simply wished to highlight the obvious, that future generations who manage to reach the ever distant pensionable age, are going to find themselves in poverty. And we must reflect upon this as social democratic institutions wither on the vine both here and abroad. Quentin Crisp once said that in Britain the “people are cruel but the system kind; while in America the opposite was true”. If we accept this notion, then we need to ask, what happens to the poor in Britain when the system also becomes cruel? Because, I for one am tired of hearing privileged Tories bemoaning the fact that people are simply living too long in this country. We should be rejoicing in this and congratulating some of the social democratic institutions that have made this possible, such as the National Health Service, which is looking increasingly susceptible to privatisation in the future. One thing is for sure; once this privatisation kicks in we will undoubtedly see a drop in longevity levels in the UK, thus allowing the rich to make huge profits while resolving the tiresome problem of the demographic time-bomb. Read more of this post

A Tale of Two Contracts

Legal Eagle

Contracts

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Fergal:

Fergal is an IT professional with in-demand technical skills; he agreed to tell me about his industry. He spoke to me about `contractors` who are deployed in the IT industry with a contract of employment. The IT industry has for many years recruited `contractors` and they are not entitled to sick pay, paid holiday or pension. However, they enjoy a lot of flexibility and secure excellent wages.

Fergal (who has never worked as a `contractor`) told me `contractors` typically spend between one month and several years working on projects. The number of hours worked is usually in line with permanent staff around 37 hours per week but overtime pay is common.

I asked Fergal about the wage a `contractor` can secure:

A `contractor` undertaking the type of work I carry out (in my permanent role) might expect a daily rate of £350-£500 per day. But some could earn in excess of £1K a day. This would typically be London based and only if the `contractor` has very high in-demand skills, a `contractor` with comparable skills to myself could make excellent money though rates have declined in recent years.  Read more of this post

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