Australian (ASX) Stock Market Forum

Inflation

Dad the farmer still working, eldest son mechanic at Tom Price highly qualified and highly paid, younger son vet, highly qualified and well paid but not in the same league financially. Both could comfortably retire before turning 50 thou
Care to tell us what each are earning?
 
for now decades, I have lamented the Argentina-sion of Australia ,China here replacing the US for them and a focus on raw materials, easy live and urbanisation of the "elites"..a path not to follow a century later
Dutch disease. Aka becoming a one trick pony.

Not a problem if it's a very good/very long term trick (taiwan comes to mind). Very big problem if it isn't.
 
Care to tell us what each are earning?
Sone No 1 about 3k a week son no 2 about 1.5k a week, though both are set up pretty well for the future. Son No1 has a block in Jurien and a farmlet in geraldton where he and his wife are building a house. No 2 son has a small farmlet and a couple of rentals where he works.
 
I got one of my sons to do an electrician apprenticeship. Imo it made sense considering the electrification of everything.
After his 4 years he can go do what he wants.
No one cares about the high pay. Not many young people want to do a trade. Not many stick because it's hard work. Hence the lack of trades.


Education in this country is terrible though. Tafe at the moment has the worst teachers on the planet.
Only have to listen to how the current generation speak these days. Yeah, nugh or the worst of the worst every second word "like". Beatnik talk from the 50's/60's and that's where it belongs. We were in my day taught to speak spell and wrte correctly.
 
Sone No 1 about 3k a week son no 2 about 1.5k a week, though both are set up pretty well for the future. Son No1 has a block in Jurien and a farmlet in geraldton where he and his wife are building a house. No 2 son has a small farmlet and a couple of rentals where he works.
Good grief, a fully qual'd vet only earns ~75k? :/
 
Try telling that to a clueless 18 year old kid whose teachers, parents etc will basically disown them if they don't.

I'll simply say I find it truly bizarre to think that an 18 year old wouldn't be making life decisions independently.

For that matter, that was expected and perfectly normal at age 15 / 16 "back in my day".

Any parent that doesn't support their kids pursuing their chosen career path needs a firm kick in my view. A very firm kick. :2twocents
 
Try telling that to a clueless 18 year old kid whose teachers, parents etc will basically disown them if they don't.

"You can study anything you want, as long as you go to university". It's boomer mentality/bad advice which, to be fair, was actually correct in the 70's.

But university is hardly the only thing boomers are out of touch about is it?
sadly that advice didn't fade out as the Boomers left middle age , now Unis make an industry out of it ( sucking in money from unemployable graduates ... of any age , no longer just the teens ) ( nearly every employer wants a worker who has had 12 years of indoctrination OOPS schooling , even for menial jobs

of course back in my youth those that didn't go to Uni got sent to a pointless ( and losing )war , ( where even many of the survivors are totally messed up )
 
I'll simply say I find it truly bizarre to think that an 18 year old wouldn't be making life decisions independently.

For that matter, that was expected and perfectly normal at age 15 / 16 "back in my day".

Any parent that doesn't support their kids pursuing their chosen career path needs a firm kick in my view. A very firm kick. :2twocents
Ehhh not with you there smurf. If my kids want to study something useless I'm not going to let them ruin their lives with a sociology degree or something else equally pointless.

I'll be giving them a (very) short list of degrees that are worthwhile and if they don't do one of those degrees, they go & do a trade.

A degree in, say, fine art, is just about the most useless thing I can think of. You might as well set your money on fire and then do four years in prison for something for the same end result.
 
I'll simply say I find it truly bizarre to think that an 18 year old wouldn't be making life decisions independently.

For that matter, that was expected and perfectly normal at age 15 / 16 "back in my day".

Any parent that doesn't support their kids pursuing their chosen career path needs a firm kick in my view. A very firm kick. :2twocents
but now we are in the nanny state ( where they expect you to depend on the government for everything )

while i don't have any children ( that i know of ) i would be urging fully informed decisions for youngsters starting out

gaining experience first-hand is often painful
 
urging fully informed decisions for youngsters starting out
This is what I was getting at earlier - an 18 year old might be making an "independent" decision but if that decision is made on the back of some truly terrible advice...
 
This is what I was getting at earlier - an 18 year old might be making an "independent" decision but if that decision is made on the back of some truly terrible advice...
plenty of bad advice out there ( especially from those with vested interests , often pretending to be professionals )

hopefully the teenagers know the correct questions to ask , first
 
hopefully the teenagers know the correct questions to ask , first
My entire point is that teenagers are clueless and they really only have the advice of their seniors to go on. If that advice is bad, the teen makes a poor decision through no fault of their own.

I am pointing the finger at the bad advice being given by those who really should know better, not the kids themselves.
 
If my kids want to study something useless I'm not going to let them ruin their lives with a sociology degree or something else equally pointless.
If they're adults unable to make a sensible decision of their own accord then, no personal offence intended, I'll argue something's gone terribly wrong.

I don't think I'm in any way an exception but I honestly can't recall parents determining any aspect of my education whatsoever beyond grade 7. From year 8 onwards when choices have to be made, albeit relatively minor ones at first but they rapidly escalate, I made them all.

Bearing in mind I went to a different school for years 11 and 12, because the local high school only went to year 10, but suffice to say I did the whole thing myself. Turned up on the required day and enrolled in the required subjects. Caught the bus to the CBD then another bus to the school, reverse to come home.

Independence was the expected thing and what I did. Same with most I went to school with.

Times have changed since then though..... and we're getting way off the thread subject. :2twocents
 
My entire point is that teenagers are clueless and they really only have the advice of their seniors to go on. If that advice is bad, the teen makes a poor decision through no fault of their own.

I am pointing the finger at the bad advice being given by those who really should know better, not the kids themselves.
there is other advice out there , when i was unemployed ( decades back ) there used to be an unofficial network , XYZ employer was a crook/under-payer , company TZX was a death-trap etc etc , now today it might be an alternate social group ( say a forum on Reddit or Discord )

now parents can help them find that better advice ( unless the parents are equally clueless ) after all parents can pass on their own life experiences ( but of course the modern education system downplays parents )
 
If they're adults unable to make a sensible decision of their own accord then, no personal offence intended, I'll argue something's gone terribly wrong.

I don't think I'm in any way an exception but I honestly can't recall parents determining any aspect of my education whatsoever beyond grade 7. From year 8 onwards when choices have to be made, albeit relatively minor ones at first but they rapidly escalate, I made them all.

Bearing in mind I went to a different school for years 11 and 12, because the local high school only went to year 10, but suffice to say I did the whole thing myself. Turned up on the required day and enrolled in the required subjects. Caught the bus to the CBD then another bus to the school, reverse to come home.

Independence was the expected thing and what I did.

Times have changed since then though..... and we're getting way off the thread subject. :2twocents
LOL

i made mine despite the parents planning ( or knowledge ) for instance the high school took 5 years to work out i was a habitual truant ( and even that was by accident .. hint never truant in you own suburb/district )

however at times there is something terribly wrong with this society , and that includes the education system ( which i got to observe during a stint as a high school cleaner , and other glimpses working at a couple of universities )

well inflation will soon find those with independent streaks because they will succeed in a world of rising taxation
 
however at times there is something terribly wrong with this society , and that includes the education system
Teach people how to think, not what to think, and the rest tends to fall into place. Assuming someone's worked out what they want to do post-school then it's not rocket science to find out what degree, TAFE course, apprenticeship etc gets them there.

Back to inflation, prices of things I routinely buy seem to have levelled off at the moment. Whether that's the end or the eye of the storm remains to be seen.... :2twocents
 
Teach people how to think, not what to think, and the rest tends to fall into place. Assuming someone's worked out what they want to do post-school then it's not rocket science to find out what degree, TAFE course, apprenticeship etc gets them there.

Back to inflation, prices of things I routinely buy seem to have levelled off at the moment. Whether that's the end or the eye of the storm remains to be seen.... :2twocents
am more in the 'inspire them to think ' school , but then had the opportunity to see Julius Sumner Miller in person , in my younger years

having mixed with a couple of idiot savants , i have seen unconventional thinkers in action

i am not buying much currently , will be watching for ' overstocked inventory ' sales soon ( also i had been pre-buying long shelf life goods over the previous year , instead of gold/silver )
 
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