Why hasn't QE caused inflation?

Thrugelmir

wotsthat wrote: »

If banks hadn't paid out £19bn in PPI where would the money have gone instead?

Wouldn't have resulted in a helicopter drop of money in the same manner that's one certainty.

Graham_Devon

wotsthat wrote: »

Well I assumed if you're trying to sell a hard luck story then 'at least' an hour would be somewhat closer to 1 hour than 2 - otherwise you would have said 2.

It's just that being on site from 9:30 to 4:30 with 'at least' an hours drive each way means leaving home at 8:30 and getting home at 5:30 doesn't sound like too much of a hardship. Add on another hour a day if you like to ensure it's fully egged and it's still nothing out of the ordinary.

Your hellish hours are normal working week for vast swathes of the population.

I fear the point has been missed.

You are paid 9.30am - 4.30pm (with a half hour break deducted).

However, to do your job, you will need to, on most days (unless lucky and get a local job) spend at least an hour driving to the site first. If it's 200 miles away, 3 hours minimum driving.

It's not like any other job where you commute to a known location, as this job entails driving to variable locations on behalf of the company.

So, lets say you have a job 120 miles away. You spend 2 hours driving there. Spend 6 hours there, spend 2 hours driving back.

That's a 10 hour day, for 6.5 hours pay. 180 miles away? 12 hour day, 6.5 hours pay. All for 20k a year. Not like you are earning a mint for it.

Get a double / tripple appointment? Well, enjoy spending your sunday evening driving to the location, staying overnight and then spending the next couple of nights in a travelodge too as the company won't pay your mileage to keep going to and fro.

Good luck holding out for this "retirement" job. We don't really need to argue about this.... do we?

I didn't mind the job, though the overnight stays got labourious. However, I was paid for my time sitting in the car travelling, just like most other travelling business people would be.

System

Inflation is caused by more money chasing the same amout of goods.

The recession reduced the amount of money in the economy.

QE replaced it.

wotsthat

Graham_Devon wrote: »

I fear the point has been missed.

You are paid 9.30am - 4.30pm (with a half hour break deducted).

However, to do your job, you will need to, on most days (unless lucky and get a local job) spend at least an hour driving to the site first. If it's 200 miles away, 3 hours minimum driving.

It's not like any other job where you commute to a known location, as this job entails driving to variable locations on behalf of the company.

So, lets say you have a job 120 miles away. You spend 2 hours driving there. Spend 6 hours there, spend 2 hours driving back.

That's a 10 hour day, for 6.5 hours pay. 180 miles away? 12 hour day, 6.5 hours pay. All for 20k a year. Not like you are earning a mint for it.

Get a double / tripple appointment? Well, enjoy spending your sunday evening driving to the location, staying overnight and then spending the next couple of nights in a travelodge too as the company won't pay your mileage to keep going to and fro.

Good luck holding out for this "retirement" job. We don't really need to argue about this.... do we?

I didn't mind the job, though the overnight stays got labourious. However, I was paid for my time sitting in the car travelling, just like most other travelling business people would be.

Been there, seen it, done it.

I didn't mind it. Met some interesting people, improved my people skills and built a network of decent contacts. Managed to do in degree in my spare time as well as starting a family. No one would work as many hours as me. Knowing what they were charging as a daily rate eventually ground me down so I left - my pay has more than quintupled in the 15 years since.

The key is to, unless you really like the job and having no money, make it a stepping stone to something better. If someone hates it and has been doing it for many years they need to be having a word with themselves.

Graham_Devon

wotsthat wrote: »

Been there, seen it, done it.

I didn't mind it. Met some interesting people, improved my people skills and built a network of decent contacts. Managed to do in degree in my spare time as well as starting a family. No one would work as many hours as me. Knowing what they were charging as a daily rate eventually ground me down so I left - my pay has more than quintupled in the 15 years since.

The key is to, unless you really like the job and having no money, make it a stepping stone to something better. If someone hates it and has been doing it for many years they need to be having a word with themselves.

That's all grand, but you still appear to have missed that point - that being that the job pay has been downgraded from what it once was.... a theme that seems to be prevalent of late.

I was simply responding to Thrugels point. Not making a statement about how it could possibly be used as a spring board to another job (which goes for EVERY job).

You are kind of making statements of the obvious.... seemingly simply to take issue with what I said to another poster.

wotsthat

Graham_Devon wrote: »

That's all grand, but you still appear to have missed that point - that being that the job pay has been downgraded from what it once was.... a theme that seems to be prevalent of late.

This can happen - you should hear our local lamplighter moaning about how wages have plummeted in his field too.

System

prowla wrote: »

When I go shopping and see the way prices have risen, I find that I simply do not agree with the inflation figures.

Yes, I find petrol prices have fallen. Must be something wrong with the inflation figures.

Graham_Devon

wotsthat wrote: »

This can happen - you should hear our local lamplighter moaning about how wages have plummeted in his field too.

Excellent.

You've now taken to comparing a job where no demand has existed for, what, 80+ years.... with a POS terminal field engineer job - one which certainly is still in demand.

You win the internet.

wotsthat

Graham_Devon wrote: »

You've now taken to comparing a job where no demand has existed for, what, 80+ years.... with a POS terminal field engineer job - one which certainly is still in demand.

I'm guessing that these 'engineers' aren't required to have any engineering qualifications? What are the entry requirements for that £20K job - being able to open Word and Excel and, more importantly, being able to drive a car?

System

wotsthat wrote: »

I'm guessing that these 'engineers' aren't required to have any engineering qualifications? What are the entry requirements for that £20K job - being able to open Word and Excel and, more importantly, being able to drive a car?

For 20k I think they only need to be able to breathe with their mouth closed.