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depends on what YOU call 'productivity ' , i haven't forgotten 'productivity ' as described in the 1980'sIt looks like everyone has forgotten about productivity. Most people do, so don't feel bad
There is always going to be increases in some part of a businesses cost base, the business that can counteract increases with other measures such as 'productivity' will be the most successful. These are the companies that investors look for.
The Key to Productivity
Explains how to measure and monitor productivity to improve your workforce.www.netsuite.com
Jim Grant on What Inflation Means for Asset Values, Crypto, and Meme Stocks 14 January 2022 Https://youtu.be/9xQ4_xtUtqg |
depends on what YOU call 'productivity ' , i haven't forgotten 'productivity ' as described in the 1980's
but the Keynesians know as much about 'productivity ' as they do about 'truth in advertising ' or real economics ( when their theory became a train-wreck they created MMT to fool some more over-educated clowns .)
so yeah , when i see 'productivity gains ' that DON'T increase product sold or reduce costs , my mind registers 'BUZZWORD ' and moves on
if you think i am being harsh check out how many nations define their GDP
Supply curve moves further upwards.and what if ?
there are artificial constraints on supply ?
and/or limits on prices ?
and NO , i do not expect a pleasant answer to that , but that is where we are likely to be very soon
There are many examples of productivity improvements, and they are still happening.
The problem is, the huge increases in red tape, OHS regulations, permits, registrations etc are swamping whatever can be achieved through any productivity gains.
Talk to anyone who runs a business, especially if they have employees as distinct from a sole trader.
When we hade had a business, we used to have these A-frame signs that the staff put out in the street every morning announcing we were open, what specials were on etc..
After few years, the local council inspector came around and told all the businesses in the street that they now had to pay $150 a year to have signs put out.
When I asked what do we get for our 150 per sign , I was told so the council would know how many signs there were in the town.
So I waited six months and sent a letter to the council asking how many there were. The response I got back was that they could only give an estimate, as there some exemptions. Not for profit, community orgs, and not surprisingly, council owned premises were exempt.
So I asked why did they need to know how many signs there where, and how would council services be improved by it?
Would the council be sending someone out every morning to count how many signs there were versus how many had been paid for?
Of course not they said, it would be a waste of council resources.
So what was the point I asked? Lots of waffle , but no real reason.
I could make another 8,000 examples, but you get the drift.
Mick
Big call there mate, but I see little point in discussion, its not productive.Sounds like your productivity was low, due to time wasted on thought and discussion with council about a $150 yearly fee. Yes, that contributes to inflation and poor business profits.
not if you apply price caps ,Supply curve moves further upwards.
Causing a shortage and only making something like an energy crisis worse.not if you apply price caps ,
you will find businesses unwilling to supply/produce at a loss and MIGHT even choose to close or cease making unprofitable products ,
now i can't guarantee price caps will be widespread , but Left-leaning governments and those facing an imminent election , have some history of applying them for political gain
yes i am , i hold several that rely on high energy use ( gold producers , various manufacturers , and some transport related companies )Causing a shortage and only making something like an energy crisis worse.
If you're worried about a full on energy crisis, it's a very real possibility yes.
I think it depends on the situation.Productivity is real, anyone trying to fake it will be caught out pretty fast.
I don't wish to harp on about one industry, the thread is inflation not energy supply, but if I was to pick an industry where that scenario's most likely then energy would be it.you will find businesses unwilling to supply/produce at a loss and MIGHT even choose to close or cease making unprofitable products
I point this kind of stuff out to the leftards with their "democratic socialism" all the time - we currently already run at about 30% "democratic socialism" and just look at the amount of money wasted already.@mullokintyre
I won't go into it, but I detest LGA'S... corruption left, right and centre.
What the Muppets should have told you about your signs is....
Legal liability.
If Aunty Jack falls over and smashes his dentures out on your sign, Council is liable.
Whether they put the money into actual insurance or not is the question one might be concerned about.
My local council had over $10 million invested in Lehmann etc
They got back around 15 cents in the dollar. I reckon they should all be paraded in the village square so we can pelt them with rotten veggies and a few rocks here and there... ??
Yeah, I saw $2/L fuel the other day too. It's definitely noticeable.A local takeaway shop has just reopened recently after being closed for around a year or so due to "family reasons".
I happened to wander in there this arvo looking for a quick snack as I was peckish.
I checked the menu, now $12.50 for a burger with the lot. Up 20% from before.
20% seems to be a standard price rise that I have found across other takeaway food outlets also.
Getting unaffordable.
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