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Re: Why is it so hard to get a job in Chile?

Posted: Sun Oct 28, 2018 7:31 pm
by fraggle092
41southchile wrote:
Sun Oct 28, 2018 3:48 pm
Kind of related, but retail in Puerto Montt is struggling with sales down this year.The guy in the article blames it on rising unemployment and a number of other things, but I think this guy is ignoring the reality and inevitable direction of the retail industry he represents it maybe more of a trend of Chileans shopping online more and in malls.
My wife knows the supervisors in our local supermarket, who have told her that business is down compared to last year, and last year wasn't a good one either.

And consumer confidence is.........

2018-10-28 19_25_42.png
......going down. Yet again.

#IPEC: Confianza de consumidores llega al nivel más bajo de los últimos 12 meses

Re: Why is it so hard to get a job in Chile?

Posted: Sun Oct 28, 2018 9:33 pm
by admin
puerto montt is pushing an urban death spiral for 20 years. anyone with any money moves to puerto varas; but, it will keep being an industrial hole because it is the gateway for commerce for the rest of southern chile. it will just get more important; but, the infrastructure will never catch-up. they are 10 years behind now.

in the region however, the loss of the argentinans has hit a lot of the small bizs. i still think there is a lot of late winter bitching. this part of the year is always slow. nothing starts happening until late november or early december as tourist season ramps up. then we will see how much the argenyinans are missed.

Re: Why is it so hard to get a job in Chile?

Posted: Sun Oct 28, 2018 9:53 pm
by 41southchile
admin wrote:
Sun Oct 28, 2018 9:33 pm
puerto montt is pushing an urban death spiral for 20 years. anyone with any money moves to puerto varas; but, it will keep being an industrial hole because it is the gateway for commerce for the rest of southern chile. it will just get more important; but, the infrastructure will never catch-up. they are 10 years behind now.

in the region however, the loss of the argentinans has hit a lot of the small bizs. i still think there is a lot of late winter bitching. this part of the year is always slow. nothing starts happening until late november or early december as tourist season ramps up. then we will see how much the argenyinans are missed.
I was thinking about the Argies too, you hardly see any of them on the roads these days, used to be the malls were packed and you would also see their cars on the roads, now lucky if I see one or two a week around Puerto Varas. I was talking to the credit guy down from Santiago in BCI a couple of weeks ago he said that Punta Arenas retailer's are really struggling from the lack of Argentinians there. , I think I read somewhe a while ago they spent 1 billion USD in Santiago (a large percentage in the costanera centre)in 2016.

Re: Why is it so hard to get a job in Chile?

Posted: Sun Oct 28, 2018 11:16 pm
by at46
41southchile wrote:
Sun Oct 28, 2018 9:53 pm
admin wrote:
Sun Oct 28, 2018 9:33 pm
puerto montt is pushing an urban death spiral for 20 years. anyone with any money moves to puerto varas; but, it will keep being an industrial hole because it is the gateway for commerce for the rest of southern chile. it will just get more important; but, the infrastructure will never catch-up. they are 10 years behind now.

in the region however, the loss of the argentinans has hit a lot of the small bizs. i still think there is a lot of late winter bitching. this part of the year is always slow. nothing starts happening until late november or early december as tourist season ramps up. then we will see how much the argenyinans are missed.
I was thinking about the Argies too, you hardly see any of them on the roads these days, used to be the malls were packed and you would also see their cars on the roads, now lucky if I see one or two a week around Puerto Varas. I was talking to the credit guy down from Santiago in BCI a couple of weeks ago he said that Punta Arenas retailer's are really struggling from the lack of Argentinians there. , I think I read somewhe a while ago they spent 1 billion USD in Santiago (a large percentage in the costanera centre)in 2016.
Very few Argies here in Vina/Concon this year. Quite a bit less that last year and last year was already bad enough. They still managed to spend USD 1.353 billion here though in 2017.

Number of visitors by region, 2017:

Argies: 3.323.771
Brazil: 544.000
Europe: 477.911
USA: 211.718
Asia: 83.351
Australia: 51.978

And the biggest spenders were Brazilians.

https://www.publimetro.cl/cl/noticias/2 ... chile.html

Re: Why is it so hard to get a job in Chile?

Posted: Mon Oct 29, 2018 6:42 pm
by Lori
so why are the Argentinians not coming over to Chile any more?

Re: Why is it so hard to get a job in Chile?

Posted: Mon Oct 29, 2018 6:55 pm
by 41southchile
Lori wrote:
Mon Oct 29, 2018 6:42 pm
so why are the Argentinians not coming over to Chile any more?
Because their currency has devalued 53 percent in the last 12 months against the USD and 48 percent against the Chilean peso. But they will be back, water off a ducks back for the Argies, borrow money, default rearrange paying default, borrow money , default, rearrange paying default and repeat cycle.

Re: Why is it so hard to get a job in Chile?

Posted: Wed Oct 31, 2018 1:27 pm
by admin
41southchile wrote:
Mon Oct 29, 2018 6:55 pm
Lori wrote:
Mon Oct 29, 2018 6:42 pm
so why are the Argentinians not coming over to Chile any more?
Because their currency has devalued 53 percent in the last 12 months against the USD and 48 percent against the Chilean peso. But they will be back, water off a ducks back for the Argies, borrow money, default rearrange paying default, borrow money , default, rearrange paying default and repeat cycle.
seen an article about the real estate market in argentina recently.

the problem they have is all the real estate is priced in dollars, but the banks will only issue mortagaes in pesos, with the crazy credit card level interest rates, on top of inflation. imagine paying like 30% plus interest on a mortgage?

i am sure just about all other types of credit is even worse.

well, going to have a look myself. got a trip to argentina coming up. will report back.

Re: Why is it so hard to get a job in Chile?

Posted: Thu Nov 01, 2018 10:21 pm
by mem
admin wrote:
Wed Oct 31, 2018 1:27 pm
41southchile wrote:
Mon Oct 29, 2018 6:55 pm
Lori wrote:
Mon Oct 29, 2018 6:42 pm
so why are the Argentinians not coming over to Chile any more?
Because their currency has devalued 53 percent in the last 12 months against the USD and 48 percent against the Chilean peso. But they will be back, water off a ducks back for the Argies, borrow money, default rearrange paying default, borrow money , default, rearrange paying default and repeat cycle.
seen an article about the real estate market in argentina recently.

the problem they have is all the real estate is priced in dollars, but the banks will only issue mortagaes in pesos, with the crazy credit card level interest rates, on top of inflation. imagine paying like 30% plus interest on a mortgage?

i am sure just about all other types of credit is even worse.

well, going to have a look myself. got a trip to argentina coming up. will report back.
I remember the 80´s when in the US if you had a mortgage interest rate of 13 or 14% it was a ¨good rate¨. My oh my how things have changed. Was reading today about median savings in the US broken down by generation and income level and the article mentioned how the poor get caught up in payday loans in the US...now I knew they were bad APR´s but I figured it was merely a ghastly 35 or 40%, but no, apparently it works out to 400% APR. Absolute nuts, even 100-200% is unconscionable, but 400? I am all for free markets, but this just seems like cheating and/or unethical.

Re: Why is it so hard to get a job in Chile?

Posted: Fri Nov 02, 2018 6:51 pm
by admin
yea i was reading about how they roll the loan each week, and nail them with new orgination fees.

Re: Why is it so hard to get a job in Chile?

Posted: Fri Nov 16, 2018 8:06 am
by 41southchile
Farmacias Ahumada closing 50 stores according to radio, does not say in this article but up to 300 staff are to go according to other media, no surprises there to be honest the amount of them in Chile , pretty much in every corner in some towns,.
http://en.mercopress.com/2018/11/15/far ... s-in-chile

Re: Why is it so hard to get a job in Chile?

Posted: Fri Nov 16, 2018 10:08 am
by admin
41southchile wrote:
Fri Nov 16, 2018 8:06 am
Farmacias Ahumada closing 50 stores according to radio, does not say in this article but up to 300 staff are to go according to other media, no surprises there to be honest the amount of them in Chile , pretty much in every corner in some towns,.
http://en.mercopress.com/2018/11/15/far ... s-in-chile
that is one of the most rediculiously badly run industries in chile, with some of worse manegment. if they were not completly ripping off their customers with something they HAVE to have, they would all be out of biz.

you see them literaly with two stores on the same street corner, with a cruz verde between both.

just count how many time you have gone in to a pharma and got out with what you needed in less than 30 mins in chile?

do you realy need a licenced pharmacist to sell you things like lip balm, sun screen, INSERT REDICULUS OVER THE COUNTER ITEM HERE THAT DOES NOT NEED A PRESCRIPTION?

they could fire 80% of their employees, close 90% of their stores, and still be a bloated dinasour of an industry.