Brits Find Jobs Near London, So Landlords Raise “Rents” to Record Heights
|December 31, 2013||Posted by Staff under Economic Principles|
These two 2013 excerpts of the Financial Times are from Nov 27 on jobs by Brian Groom and Dec 13 on flat debt by Lucy Warwick-Ching.
North-south Divide On View In Job Vacancy Statistics
The north-south jobs divide has widened sharply as an upturn in construction boosted job vacancies in the south.
Nine of the 10 best cities to find a job last month were in southern England, while nine of the worst 10 were in the north. It was 100 times more difficult to get a job in Salford, where there were 28 jobseekers per vacancy, than in Cambridge, where there were just 0.28 per vacancy.
Job opportunities in construction grew 31 per cent compared with six months ago, boosted by a surge in housebuilding, mostly in the southeast, and infrastructure projects in the capital such as Crossrail and the improvement of London’s Northern line.
Of the 55,663 construction vacancies advertised in October, almost half fell in London – 30 per cent – and the southeast – a further 18 per cent. Only 6 per cent were in the northwest and just 3 per cent in the northeast.
This stark divide is set to widen further when projects such as the Thames Tideway [London supersewer] begin in the south, creating even more jobs near London.
Rent Arrears Double In Six Years
The number of tenants falling behind with their rent payments has more than doubled over the past six years.
The number of calls from tenants struggling with rent arrears has soared by 37 per cent over the past two years, and 13 per cent in the past 12 months – more than any other debt type.
The average cost of renting in the UK has reached a record high of £757 a month.
Ed. Notes: While people near London have an easier time finding work, it seems people all over England have a harder time affording housing. It’d be good to know if the people falling behind in paying their landlord are mostly where land is high, despite the jobs, or where jobs are few, despite the affordable housing, or both North and South. Wherever, high land costs could solve the paucity of jobs.
In the south of England, where there are more jobs because there is more construction, that’s because there are more people (think London). That means higher land costs, heavier mortgages, richer banks, and a wider North-South divide in wealth and income, too, not just in jobs. But note, the land values are generated by the presence of the populace. Society generates the value of locations, and nobody, not even owners, created land, so Earth’s worth becomes a perfect common wealth, perfectly fair. All society need do is institute Land Dues (or levy a land tax) and then pay citizens a dividend. People in the south of England would pay more, the people in the North would pay less, but everyone would get an equal share. In the North, where costs are lower, the rent dividend would go much further. In the South, where costs are higher, it would not go so far, but it wouldn’t need to, not with wages being higher.
First, people would have to get over seeing themselves as worthy only of jobs, and see themselves as worthy of a fair share of Earth’s worth, too, just as worthy as those now getting it. The 1% get “rent”, or the money that society spends for the nature it uses, plus they get corporate welfare; they don’t have to worry about getting hired. The rest of society needs to lose its feeling of dependence upon jobs — a real disadvantage — then geonomize, and move from jobs to joy.