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A comment on London Rents Eating Up 57% of Twentysomethings’ Income. Parent comment

Re:London Rents Eating Up 57% of Twentysomethings’ Income by robmcm on Wednesday June 15, 2016 @06:35AM (#11908369)
The contracts in London are often 6-12 months for big companies, for agencies less. However there are so many the is little risk of ever being without work.

A graduate developer at a finance company would earn over 40k...

[ Parent | on HN ]
Re:London Rents Eating Up 57% of Twentysomethings’ Income by vidarh on Wednesday June 15, 2016 @07:01AM (#11908464)
There are so many now. The big risk with contracting is that when times get tough, suddenly everything dries up, while at the same time jumping ship and going back to permanent work gets hareder. If contracting, you need to factor in the risk of a recession by building up according reserves, so you need to make accordingly more in good times.

You certainly can still do extremely well, but the risk is certainly there.

[ Parent | on HN ]