Teachers in Europe

[fine dude]

With inflation on the rise and looming uncertainty, how are teachers stationed in Europe planning their next move? Do you like to stay put or thinking of relocating else where?

[PsyGuy]

Staying put. Inflation is everywhere and in the WE ITs often have strong and powerful unions/associations working for them to improve coin. By the time most ITs get to a place in the WE they are comfortable with they have a lifestyle they relish and a social scheme that works for them the longer they stay. Leaving all that to go to China for higher coin isnt all that attractive as you cant leave inflation behind.

[IE_sciteacher]

At a school in WE currently, our salary gets indexed against inflation multiple times a year. We just got a 2% bump due to inflation, rumor has we will get another one before winter break due to the inflation rate. This is all government mandated.

[PsyGuy]

One of those advantages to living in the WE that contribute to ITs staying put rather than leaving.

[fine dude]

My question is about a serious energy crisis, European banks going under (Credit Suisse and a couple of others, too), a major drop in enrolment/related pay cut, and serious depreciation of CHF/Euro (similar to the 2008 financial crisis in US and Asia). A former colleague is reconsidering his stay in a W-European country fearing this situation that might unfold in a year or two.

[PsyGuy]

@fine dude

Where exactly is your colleague going to go?

[fine dude]

Back to the U.S. or SE Asia

[PsyGuy]

The energy crises is only a thing as long as the Russian-Ukrainian conflict is a thing in a couple years it will be over.
Plenty of banks go under and currency depreciation/economic depression is a thing everywhere (I love that the USD is worth 50% more Yen), but any benefit you get to returning to the US is going to be lost to health insurance and health care costs.
Pay cuts to edus is a thing everywhere. Enrollments arent going down they are just moving from the private/independent system to the public/maintained system.
The 2008 financial crises did correct itself and in two years the USA might be in the middle of a depression.

[FabFour]

(Sshhhhh, PsyGuy, let the guy go-- it opens up jobs for the rest of us) ;)

[fine dude]

Will let you know if my former colleague leaves @FF. Meanwhile, polish that attitude.

[FabFour]

Aww, it was a joke!

[PsyGuy]

Only data matters.