The Albanese government

[IFocus]

Are you saying that the lowest paid are better off now, than before labor came in?

I posted a graph to show the disparity between wages and inflation, the fact you can't follow it, isn't my problem and is probably the reason you are infatuated by Labor, even Keating realised the problem with rampant inflation and decided that a recession was a better choice.

Stop twisting my words the questions are below and if you don't want to answer no problem.

"So are you saying Labor shouldn't have raised wages and tighten conditions for the lowest paid?"

"Should they just continue the Coalition policy of lowest paid being part time with reduced safety provisions in their work place?"

 

[sptrawler]

Stop twisting my words the questions are below and if you don't want to answer no problem.

"So are you saying Labor shouldn't have raised wages and tighten conditions for the lowest paid?"

"Should they just continue the Coalition policy of lowest paid being part time with reduced safety provisions in their work place?"

I'm not twisting your words, you are putting up a moral question to an economic decision, but that is how you guys work, so it is to be expected.

I'm just trying to explain that the decision Labor made to crank up inflation, to to mitigate Government debt, was their choice and the fallout is the lower levels of society suffer the most from that action.

You trying to condone it by saying the lower wage earners recieved a pay rise and tax cut, that doesn't change the fact that a 10% pay raise at the bottom level, doesn't cover a 50% increase in their rent, consumables and on top of that the house they were hoping to buy has actually doubled in price.

The silent majority will decide, but I actually hope Labor get in I will be voting for them, this really needs to play out IMO.

 

[SirRumpole]

I'm not twisting your words, you are putting up a moral question to an economic decision, but that is how you guys work.

I'm just trying to explain that the decision Labor made to crank up inflation, to to mitigate Government debt, was their choice and the fallout is the lower levels of society suffer the most from that action.

You trying to condone it by saying the lower wage earners recieved a pay rise and tax cut, doesn't change the fact that a 10% pay raise at the bottom, doesn't cover a 50% increase in rent, consumables and the house they were hoping to buy has actually doubled in price.

The silent majority will decide, but I actually hope Labor get in I will be voting for them, this really needs to play out IMO.

If any government wants to control inflation they have to control power prices, and I can't see nuclear doing that. Labor has work to do in that regard, but I give renewables more chance than nuclear of supplying cheap energy.

 

[wayneL]

this really needs to play out IMO.

You mean economic and cultural devastation?

Oh well, won't matter much. Aussies only believe the choice is red or blue and the result will be the same under either until they realise there are other options.

I suppose we'll have to go full Argentina before we go full Argentina, if you get my drift.

 

[IFocus]

I'm not twisting your words, you are putting up a moral question to an economic decision, but that is how you guys work, so it is to be expected.

I'm just trying to explain that the decision Labor made to crank up inflation, to to mitigate Government debt, was their choice and the fallout is the lower levels of society suffer the most from that action.

You trying to condone it by saying the lower wage earners recieved a pay rise and tax cut, that doesn't change the fact that a 10% pay raise at the bottom level, doesn't cover a 50% increase in their rent, consumables and on top of that the house they were hoping to buy has actually doubled in price.

The silent majority will decide, but I actually hope Labor get in I will be voting for them, this really needs to play out IMO.

What?

I give up.

 

[Macquack]

If any government wants to control inflation they have to control power prices, and I can't see nuclear doing that. Labor has work to do in that regard, but I give renewables more chance than nuclear of supplying cheap energy.

I have been off the grid for years and pay no electricity charges. I obviously have the fixed costs of solar panels, batteries and inverter etc.

When I think about it, my biggest saving is in cutting out the parasitic middle men, being the electricity retailers.

 

[SirRumpole]

When I think about it, my biggest saving is in cutting out the parasitic middle men, being the electricity retailers.

Exactly , too many hangers-on with their hands out. Do you ever use a generator? I won't knock you if you do, I'm just interested to know the realities of off grid

 

[Macquack]

Exactly , too many hangers-on with their hands out. Do you ever use a generator? I won't knock you if you do, I'm just interested to know the realities of off grid

Never used a generator to charge the house batteries (just the free sun).

 

[sptrawler]

If any government wants to control inflation they have to control power prices, and I can't see nuclear doing that. Labor has work to do in that regard, but I give renewables more chance than nuclear of supplying cheap energy.

Time will definitely tell whether that is true or not, there is no doubt it is cheaper, whether it can do the heavy lifting time will tell.
It will be interesting to see if the $2billion given to the smelters is money well spent, at least the media isn't having a meltdown over it.

 

[Smurf1976]

So are you saying Labor shouldn't have raised wages and tighten conditions for the lowest paid?

Should they just continue the Coalition policy of lowest paid being part time with reduced safety provisions in their work place?

I'll argue that government, of either political persuasion, needs to focus on fixing the structural problems rather than looking for ways to mask the pain.

As a cure for cancer, paracetamol really isn't up to the task.

 

[Smurf1976]

If any government wants to control inflation they have to control power prices, and I can't see nuclear doing that. Labor has work to do in that regard, but I give renewables more chance than nuclear of supplying cheap energy.

If lower price is the aim then that requires reform of the market.

Neither renewables nor nuclear will do that, and nor will coal or gas, unless government simply socialises the cost and funds electricity from consolidated revenue (but in that case taxes go up to pay for it so it's still not a solution).

That's the bit people seem to forget. The vast majority of what you're paying for electricity isn't for generation and that being so, even reducing generation cost to zero wouldn't fix the retail price problem.

 

[investor13]

From December 2019 to June 2023, inflation in Australia rose faster than it has in 30 years. Over this time, the share of national income going to corporate profits also increased substantially.

At the same time, the share going to wages and small businesses declined.

The profits made by large corporations during this time are huge: some $100 billion over and above their pre-pandemic profit margins.

According to Australia Institute research, these rising profits made up more than half of the inflation above the Reserve Bank of Australia (RBA)’s target range of 2% to 3%.

Corporate profits increase inflation | Fact Sheet

The prices of many goods and services have increased dramatically across Australia since 2021. This has resulted in hardship for many households—along with $100 billion in increased profits for major companies. These corporate profits have been a key factor driving inflation.

australiainstitute.org.au

Thanks to good old Albos mass migration profits of companies sky rocketing property prices and wages and standard of living declining.
Champaign socialist economics! The boot lickers of the bankers

 

[SirRumpole]

If lower price is the aim then that requires reform of the market.

Whatever it takes.

 

[investor13]

Well, Labor cut taxes as well.

But cost of living relief is not sustainable in the long term and the Gov will have to find other sources of revenue while they fix the real problems.

While fixing up and looping holes in the fair work act l they created bragged about it to pretend to care to the workers class that they care

 

[farmerge]

While fixing up and looping holes in the fair work act l they created bragged about it to pretend to care to the workers class that they care

There are fores and minuses for both sides of the political fence, usually to my mind all duds.
Albo, The Elbow in my opinion is not a Leader for the Labour Party, there has to be someone who is able to come across as a strong personality and leader.
Dutton, The Dud leaves from far from impressed.

 

[wayneL]

There are fores and minuses for both sides of the political fence, usually to my mind all duds.
Albo, The Elbow in my opinion is not a Leader for the Labour Party, there has to be someone who is able to come across as a strong personality and leader.
Dutton, The Dud leaves from far from impressed.

We need a Javier Millei

 

[IFocus]

I'll argue that government, of either political persuasion, needs to focus on fixing the structural problems rather than looking for ways to mask the pain.

As a cure for cancer, paracetamol really isn't up to the task.

The opposition (money / IPA / Gina) to structural reform is way to much it will never happen in my life time.

Wages and conditions for the lowest paid is at least something (fought against tooth and nail by the Coalition) and shouldn't be ignored but will likely get dismantled by the next Coalition Government.

Any argument against this I find staggering / un-Australian however certainly very US centric.

 

[SirRumpole]

unless government simply socialises the cost and funds electricity from consolidated revenue (but in that case taxes go up to pay for it so it's still not a solution).

Taxes need not go up under government ownership. Costs can be recovered and a profit earned, but just not as big as the commercial operators want.

Snowy Hydro charges for power does it not?

 

[farmerge]

Taxes need not go up under government ownership. Costs can be recovered and a profit earned, but just not as big as the commercial operators want.

Snowy Hydro charges for power does it not?

@SirRumpole would have thought so. Nothing for nothing mostly these days.

 

[investor13]

We need a Javier Millei

sadly i cant see any waiting in the wings. maybe a Clive Palmer big ideas not sure how well they work but he is listed as a billionaire and could incoroperate his titanic 2.0 in his campaign advertising and use to wine and dine forigin investors