The International Schools Review Forum

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?

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.

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.

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

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.

@fine dude

Where exactly is your colleague going to go?

Back to the U.S. or SE Asia

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.

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

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

Aww, it was a joke!

Only data matters.