London’s job crisis is having too many open jobs

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We’ve listened to decades worth of discussion on the telly saying how important it is for London to have enough jobs so that poverty rates and homelessness are reduced considerably. But for some reason, no matter how many times these issues are discussed, the problem still remains. In fact, many believe that the problem is growing.

You see, the issue in solving this problem is that it wasn’t identified correctly. There’s not a lack of jobs in London. Of course, not, there are more than enough jobs for everybody. The issue is that there are too many jobs that require official education, experience and general skill at the job.

Unfortunately, though, the majority of Londoners who are looking for jobs at the moment are not necessarily the perfect candidates for these jobs. Most people in search of work are looking for their very first experience or something that does not require a degree of some sort.

On that occasion, London is severely lacking in low-skill easy-to-do jobs that the majority of the city’s population is looking for right now.

This creates a massive gap between the social classes. In the US, for example, there’s a severe lack of a middle class that can generally live comfortably based on one person having a job in a 3-person family. In most cases, all of the family members are supposed to have jobs in order to finally reach that middle-class status. In London, there’s a serious issue with the lower-income class. There’s essentially no such thing. The old lower-income class turned into a low-mid class and the new lower class is basically in poverty.

Loans are the only thing keeping everything together

As already mentioned, the lower class is almost wiped out from London, and a city simply cannot function without it. The current remnants of the lower class are mostly surviving off of loans they can easily return or resorting to freelance lenders that could potentially charge huge interests in the future.

However, the only salvation currently seeming to be the case are payday loans. By relying on cash payments from employers who aren’t even registered in the UK, many lower class employees simply cannot strike a deal with banks or microfinance companies, simply because they are not trusted in any way.

However, payday providers like these essentially request only a history of having transactions on a specific account. All the person has to do is deposit his or her salary on his or her account once given.

The payday providers see it as tangible income and hand out the loans to these people. It helps keep them afloat before the next payday, but it sometimes has the tendency of spiraling out of control. Usually, the providers start warning the user about potential issues in the future, and if there is no caution seen, they simply cut them off.

Although it’s a solution helping mitigate the issue right now, it’s simply impossible to keep it this way for the long term. As long as entrepreneurs or small businesses are not allowed to thrive within London, the city is doomed to lose its lower class, thus subjecting educated, experienced and overqualified workers to jobs that are not fulfilling or challenging.

It all then boils down to an even more negative attitude towards working in the United Kingdom.

Maybe Brexit will help?

There’s always a discussion about whether Brexit could potentially change this issue. Most of the argument comes down to immigrants in the United Kingdom having to pack up and leave, but that doesn’t mean the job crisis is solved though does it?

Remember, the issues are filling the positions requiring no education or qualifications, thus offering a slightly smaller salary than an office job or anything similar. By removing the most eligible population for those jobs.

But in terms of upping the campaigns to finding new employees, Brexit may encourage new companies to staff up more efficiently in order to finally guarantee the solution to their HR issues, even if the candidate is unqualified or overqualified.