wayneL
VIVA LA LIBERTAD, CARAJO!
- Joined
- 9 July 2004
- Posts
- 25,843
- Reactions
- 13,078
E]
So long as mining remains strong.
- Joined
- 3 July 2009
- Posts
- 27,468
- Reactions
- 24,282
And the population stays small.
- Joined
- 8 June 2008
- Posts
- 12,960
- Reactions
- 19,015
600k a year in 2 y 1.2m out of 28mAnd the population stays small.
So a good 2% loss of real wealth per year for the commoners
- Joined
- 3 July 2009
- Posts
- 27,468
- Reactions
- 24,282
I thought this had a 1970's feel about it.15% pay rise for aged care workers +flow on, private sector increase wages to hold staff, costs go up.
Inflation isn't going down IMO, only the value of the dollar. 1970's feel about all this.
Higher energy prices and rents adding to inflation and threat of rate rises
Economic growth will be slower this year but real wages will overtake inflation sooner than expected as the RBA’s interest rate rises take effect.
Inflation is falling slightly faster than the central bank expected, slowing economic growth this year. But it is also hastening the prospect of real increases in wages, which are now forecast to grow faster than inflation by the middle of next year.
- Joined
- 14 February 2005
- Posts
- 15,235
- Reactions
- 17,341
Difference is, comparing to the GFC, all up a very long list of banks and other financial institutions went under.
Can't remember the number but I recall a site that was keeping track and they had a few pages just listing them all. Globally it was a huge number.
Two is just the background music playing before the support band goes on stage. The main act is still quite some time away.
- Joined
- 3 November 2013
- Posts
- 1,569
- Reactions
- 2,773
US unemployment falls to 3.4% wow. The beatings will have to continue.
- Joined
- 3 July 2009
- Posts
- 27,468
- Reactions
- 24,282
As things get more expensive, those who thought they couldn't work, all of a sudden find a way to overcome the problem. Lol
- Joined
- 14 February 2005
- Posts
- 15,235
- Reactions
- 17,341
Just my observation but a lot of things push tradies out of the industry. Among others:
Some do go on to something bigger and better.
Some simply find themselves working for dodgy employers and will take any offer that gets them away from that be it the same career or a new one.
Self-employed get fed up with crap customers who don't pay up or otherwise cause hassles.
Health an issue for some.
Some simply lose interest in the trade due to "dumbing down".
Silly expectations on building sites in particular drive some out.
End result is there's plenty of tradies doing other jobs and a shortage of available people doing actual trades work. There are solutions but it requires someone to actually want to fix the problem.
JohnDe
La dolce vita
- Joined
- 11 March 2020
- Posts
- 4,182
- Reactions
- 6,210
Just my observation but a lot of things push tradies out of the industry. Among others:
Some do go on to something bigger and better.
Some simply find themselves working for dodgy employers and will take any offer that gets them away from that be it the same career or a new one.
Self-employed get fed up with crap customers who don't pay up or otherwise cause hassles.
Health an issue for some.
Some simply lose interest in the trade due to "dumbing down".
Silly expectations on building sites in particular drive some out.
End result is there's plenty of tradies doing other jobs and a shortage of available people doing actual trades work. There are solutions but it requires someone to actually want to fix the problem.
I was invited to a Motor Trades Association AGM, they have been following the trend for quite a while, putting a study together and getting feedback from the people and industry. The partial list I gave comes from the horses mouth.
Solutions have been implemented, but the reasons are so varied that it is impossible to have a fix for every single problem.
Life is like that sometimes, as a 18/19 year old we are still growing, expanding our knowledge and changing. Four years is a long time for a young person, they become someone else wit different interests.
It’s not the mature tradespeople that they are losing, it’s the ones that finish their apprenticeship, and the ones that have reached retirement age.
- Joined
- 28 August 2022
- Posts
- 6,771
- Reactions
- 10,996
Finding someone to solve industry problems, well I don't think looking at the lot in power is the answer. To busy shoring up the Treasury benches and pushing the Voice B/S wheelbarrow to have to worry about anything that might be more important.Just my observation but a lot of things push tradies out of the industry. Among others:
Some do go on to something bigger and better.
Some simply find themselves working for dodgy employers and will take any offer that gets them away from that be it the same career or a new one.
Self-employed get fed up with crap customers who don't pay up or otherwise cause hassles.
Health an issue for some.
Some simply lose interest in the trade due to "dumbing down".
Silly expectations on building sites in particular drive some out.
End result is there's plenty of tradies doing other jobs and a shortage of available people doing actual trades work. There are solutions but it requires someone to actually want to fix the problem.
over9k
So I didn't tell my wife, but I...
- Joined
- 12 June 2020
- Posts
- 5,281
- Reactions
- 7,464
CAN'T LET HOUSE PRICES DROP CAN WE?
"First home buyers are going to be in negative equity".
Yep, that's our concern. First home buyers.
over9k
So I didn't tell my wife, but I...
- Joined
- 12 June 2020
- Posts
- 5,281
- Reactions
- 7,464
- Joined
- 28 August 2022
- Posts
- 6,771
- Reactions
- 10,996
Excuse me while I go outside and throw up !!!!
Dona Ferentes
Pengurus pengatur
- Joined
- 11 January 2016
- Posts
- 15,910
- Reactions
- 21,695
I bet posts #4631 & 4632 were so so interesting
JohnDe
La dolce vita
- Joined
- 11 March 2020
- Posts
- 4,182
- Reactions
- 6,210
Yes, it’s the mystery ‘know it all’ that loses debates & then blocks the winner.
- Joined
- 26 March 2014
- Posts
- 19,978
- Reactions
- 12,482
Are profits a major cause of inflation ?
Opinions differ.
www.abc.net.au
Opinions differ.
Profits haven't contributed to inflation? Former treasury economist says it's not that simple
Is the argument about profits and inflation finally settled, asks Gareth Hutchens.
www.abc.net.au
- Joined
- 20 July 2021
- Posts
- 11,524
- Reactions
- 16,041
well we could try the strategy of .. no profits equals no business equals no inflation because there is no economy to generate tax revenue to fund a government , am not sure how popular this would be , but this seems to be the way we are goingAre profits a major cause of inflation ?
Opinions differ.
Profits haven't contributed to inflation? Former treasury economist says it's not that simple
Is the argument about profits and inflation finally settled, asks Gareth Hutchens.
- Joined
- 26 March 2014
- Posts
- 19,978
- Reactions
- 12,482
Yes, but it's a matter of degree. Business could jack up prices, make more profits until the consumers decided not to buy anymore . Business goes broke, there is no economy.
wayneL
VIVA LA LIBERTAD, CARAJO!
- Joined
- 9 July 2004
- Posts
- 25,843
- Reactions
- 13,078
Indeed, however one of two things will happen in that case.
1/ the business will lower prices until the point that people start buying again. Classic supply/demand curve.
2/ competition will step in and start undercutting in order to acquire the business.
Both scenarios seek to achieve maximum profit under the current economic circumstances. Maximum profit under a particular set of circumstances might not be very much but it will be the best the company can do at that point in time.
Capitalism/economics 101
- Joined
- 26 March 2014
- Posts
- 19,978
- Reactions
- 12,482
Similar threads
