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Everything posted by dugsbody
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As is being unwilling to work 16 hour days and live in a tube hotel next to the office. Just imagine the career progression you could achieve if you were willing to do that. I'm ok with my choices. I left "bigcorp" when they started making murmurings of backtracking on their previous stance of being more open to flexible working. I joined "smallcorp" and now work almost fully remote, going in once a week maximum. I deliver results. I spend time on video calls mentoring others. I don't waste time locating meeting rooms and waiting for the previous people to leave and latecomers to show up. Meetings feel much more focused and I have the ability to work in the background if they do start to drag. Each team is encouraged to have their own permanent video meeting call going throughout the day and people optionally (some do, some don't) hang out on that call while they work. Remote working can and does work fantastically well, as long as you steer clear of employing dinosaurs who have a vested interest in it not working because their role is mostly to sell themselves upward and they require in office presence to do that.
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Why only low skilled? Why not medium or high skilled? In any case, I am not sure if you remember, but this has been explained to you before. It is called the lump of labour fallacy. This fallacy has been given a name and is a known thing precisely because people like you need it explaining over and over. Will an economy of 60mm people have lower wages than an economy of 30mm people? No, because people drive the economy. Each person who moves here needs the services of dentists, checkout tellers, bar staff, plumbers, builders, electricians, lawyers, and so on. They create the demand for more jobs, therefore in the overall picture have little downward impact on wages and in fact due to the positive effects of social mobility are good overall for an economy. That is why in the four nations of the UK we don't try to pin people to the geographical region they were born to even though people in Huddersfield would move to London and work for cheaper than a Londoner might do.
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The demonstrates the problem that "remain" has faced for the last 50 years. We just want to get on with our lives and do productive things. Europhobes on the other hand have a strong motivation to invest enormous amounts of energy into producing anti-EU propaganda. They have no problem inventing things (lies) to do so. And that means the other side is forced onto the back foot to show each lie is untrue, only for the next one to come along, and then finally circling back to the first one again because it has now been repeated so many times that lots of people still think it is true. Propaganda works. Nations have know this for a long time.
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Do People Care Less About Rising Immigration?
dugsbody replied to byron78's topic in House prices and the economy
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The Bubbly Bitcoin Thread -- Merged Threads
dugsbody replied to NatterJackToad's topic in House prices and the economy
Do you really need to keep instigating on this issue? They've gone and moved on, you probably should too. -
That isn't what all of this about though. They're not interested in "solving" the NI issue. They're worried that NI will be seen as doing very well with access to the EU single market and show brexit for what it is. They also know that keeping the brexit voters riled up and raging about the EU instead of looking at the Conservative Party is a vote winner. This is all for domestic consumption.
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That depends on what you think is causing inflation at the moment. I am very far from an expert but it seems to be a combination of (supply side) China being in lockdown still, the world economy stalling for a few years and not producing nearly as much, the Russia/Ukraine war, oil and gas prices impacting everything due to shipping. (Demand side) A lot of excess money pumped into the economy during covid and the effects of excess money since 2010. All of those things could go away in a couple of years. We don't know if they will, but their nature is temporary. Whereas, in my view, inflation over the last few decades has trended downward because we have become increasingly efficient at making and distributing things. Therefore consumables have become increasingly cheap. The world started globalising the minute tribe A realised they could swap their superior flint for better food from tribe B. That's what globalisation is. Maybe the food picked from tribe A became miffed because suddenly their tribal standing was less than the flint finders. Maybe they grumbled about globalisation. I think people expecting globalisation that has taken place over thousands of years to end because we're in a momentary phase are naive. Therefore, inflation could come right back down within a few years, if the temporary causes of high inflation go away.
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BoE decision this week - predictions?
dugsbody replied to henry the king's topic in House prices and the economy
I'm relatively sanguine anyway, which is why I can make fun of myself here. If I wasn't so lazy I would have locked in my next fix a few weeks back, but other stuff kept coming up. -
It is slightly less confusing to say an increase of 50 basis points. It always means a fixed value increase. Whereas if you say an increase of 0.5%, it could mean either a value increase of 0.5% or a 0.5% increase of the previous value. Example. Our base rate is currently 0.75% or 75 bps. An increase of 50 basis points is read by everyone as a fixed 75 bps + 50 bps = 125 bps = 1.25% Whereas if you say increased by 0.5%, it could be mistaken as 0.75 * (1.005) = 0.75375.