wayneL
VIVA LA LIBERTAD, CARAJO!
- Joined
- 9 July 2004
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E]
So long as mining remains strong.
So long as mining remains strong.IMO Australia is in a much better position economically than say the U.S or UK, we have a growing population and are starting from a fairly affluent lifestyle. The U.S and UK have a stagnant population where the poor are already on the bones of their ar$e in trailer parks, we have a lot more wriggle room. Lol
And the population stays small.E]
So long as mining remains strong.
600k a year in 2 y 1.2m out of 28mAnd the population stays small.
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.
Difference is, comparing to the GFC, all up a very long list of banks and other financial institutions went under.and which one hasn't actually happened recently ( despite political statements to the contrary )
at least two failing banks sold billions of dollars of US Treasuries yet bond prices didn't reflect that , terrible news rattles the share market , but it mostly recovers by the close of the day , and well a few banks have failed recently
i guess it all relies on the deniability meter cracked to 11
As things get more expensive, those who thought they couldn't work, all of a sudden find a way to overcome the problem. LolUS unemployment falls to 3.4% wow. The beatings will have to continue.
Just my observation but a lot of things push tradies out of the industry. Among others:Biggest problem is 5 out of ten apprentices that finish end up leaving the industry.
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.
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.
Excuse me while I go outside and throw up !!!!
I bet posts #4631 & 4632 were so so interesting
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.www.abc.net.au
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.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 going
Indeed, however one of two things will happen in that case.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.
Assuming there is sufficient competition of course.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
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