National poverty - The new normal?

[luutzu]

But dear old Malcolm told us we are to become a country of innovation, when everyone knows, just borrow big(debt) and gamble it all on red (property), it is the only way and the easiest way to becoming rich without providing any valuable thing to society.

Why risk hard work and the long forgotten idea of savings, on trying to create a business that could employee people, that is for suckers.

The only answer is, buy established property and sell it to "those people" overseas trying to hide money.

If you are having problems getting paid, just ask the CBA how to avoid detection when transferring large amount of cash without the govnuts knowing.

Yea, with this kind of property prices we're going to have a different kind of innovation boom.

 

[MrBurns]

I have several properties debt free and I can tell you that there is no joy in that unless you sell and move to a regional location.
If I sell all I have is enough money to buy a place the same as the one I sold, no gain there. I have increased stamp duty and rates. I'd be happier if these properties were half the price and my children could have the thrill of buying something without the stress of a monstrous mortgage. The only ones to gain from this bubble are developers who turn properly over.

 

[crackajack]

Employment was up last time wasn't it?


Shorten is hollow as he is a party hack being polished up. Albo would compare more to Tbull as they are more on the center of the party.
Both parties suck as both left and right factions squabble and hold sway. Same thing for the greens it appears.

We probably need a recession to reset costs and some slashing and burning through the public service waste. It has a terrible toll on families though.

Depends on your definition of employment. %10 hours a week and you are employed lol won't pay the bills though.

 

[crackajack]

I have several properties debt free and I can tell you that there is no joy in that unless you sell and move to a regional location.
If I sell all I have is enough money to buy a place the same as the one I sold, no gain there. I have increased stamp duty and rates. I'd be happier if these properties were half the price and my children could have the thrill of buying something without the stress of a monstrous mortgage. The only ones to gain from this bubble are developers who turn properly over.

Exactly just keep flogging real estate and increase migration, way to go guys lol

 

[SirRumpole]

Depends on your definition of employment. %10 hours a week and you are employed lol won't pay the bills though.

CONCEPTS AND INTERNATIONAL GUIDELINES

3.2 The international concept of employment (Thirteenth ICLS 1982) is based on the principle that a person must have been engaged in some economic activity (work) over a short reference period. The concept of economic activity, discussed in Chapter 2 , is linked to the concept of production as defined by the SNA. Any activity falling within the SNA production boundary is considered as work for the purposes of measuring employment. Employment is defined broadly in the international guidelines as all persons engaged in one or more hours of work during the reference period, as well as some persons temporarily absent from work.

3.3 According to the international concepts, employed persons comprise those above the age specified for measuring the economically active population, in paid employment or self-employment, during a specified reference period. Paid employment includes persons who performed some work for wages or salary, in cash or in kind, and persons temporarily absent from a paid employment job but who retained a formal attachment to that job. Self-employment includes persons who performed some work for profit or family gain, in cash or in kind, and those with an enterprise but temporarily not at work during the specified reference period for some specific reason.

3.4 The notion of 'some work' is interpreted as work for at least one hour. This approach ensures consistency between measures of employment and measures of production of goods and services, as all work (however little) contributing to national production is included in measures of employment.

http://www.abs.gov.au/Ausstats/abs@...47bfb611a97c91f2ca25710e007321c6!OpenDocument

(my underline).

 

[crackajack]

CONCEPTS AND INTERNATIONAL GUIDELINES

3.2 The international concept of employment (Thirteenth ICLS 1982) is based on the principle that a person must have been engaged in some economic activity (work) over a short reference period. The concept of economic activity, discussed in Chapter 2 , is linked to the concept of production as defined by the SNA. Any activity falling within the SNA production boundary is considered as work for the purposes of measuring employment. Employment is defined broadly in the international guidelines as all persons engaged in one or more hours of work during the reference period, as well as some persons temporarily absent from work.

3.3 According to the international concepts, employed persons comprise those above the age specified for measuring the economically active population, in paid employment or self-employment, during a specified reference period. Paid employment includes persons who performed some work for wages or salary, in cash or in kind, and persons temporarily absent from a paid employment job but who retained a formal attachment to that job. Self-employment includes persons who performed some work for profit or family gain, in cash or in kind, and those with an enterprise but temporarily not at work during the specified reference period for some specific reason.

3.4 The notion of 'some work' is interpreted as work for at least one hour. This approach ensures consistency between measures of employment and measures of production of goods and services, as all work (however little) contributing to national production is included in measures of employment.

http://www.abs.gov.au/Ausstats/abs@...47bfb611a97c91f2ca25710e007321c6!OpenDocument

(my underline).

Oops my bad, yep 1 hour a week wow. The cost of living in this country is a disgrace given that we don't make anything anymore other house, and if it were not for our mineral resources and farming we would be up sh it creek. On tyop of that we have greedy state taxes, gst and federal taxe. Way to go guys, got to love our pollies.

 

[crackajack]

Oops my bad, yep 1 hour a week wow. The cost of living in this country is a disgrace given that we don't make anything anymore other house, and if it were not for our mineral resources and farming we would be up sh it creek. On tyop of that we have greedy state taxes, gst and federal taxe. Way to go guys, got to love our pollies.

sorry about the typos dodgy keyboard

 

[crackajack]

sorry about the typos dodgy keyboard

And where does the ABS get its funds from?

 

[crackajack]

And where does the ABS get its funds from?

You got it the government lol

 

[moXJO]

I have several properties debt free and I can tell you that there is no joy in that unless you sell and move to a regional location.
If I sell all I have is enough money to buy a place the same as the one I sold, no gain there. I have increased stamp duty and rates. I'd be happier if these properties were half the price and my children could have the thrill of buying something without the stress of a monstrous mortgage. The only ones to gain from this bubble are developers who turn properly over.

I have some young people ready to buy your houses half price. Just let us know when you would like to offload.

 

[moXJO]

Oops my bad, yep 1 hour a week wow. The cost of living in this country is a disgrace given that we don't make anything anymore other house, and if it were not for our mineral resources and farming we would be up sh it creek. On tyop of that we have greedy state taxes, gst and federal taxe. Way to go guys, got to love our pollies.

I'm not arguing, but the same measure was used under both governments. And right now employment was up.

 

[Wysiwyg]

The rich are getting richer, but so are the "poor".

Pick the worst job you can think of from the 1920's, 30's, 40's or 50's. Now compare the conditions that person worked in and what their pay provided them to what a similar positions conditions and pay are and I think you will find things have improved.

The people realised their combined toil was making their Masters rich. Union 'negotiations' for better wages and conditions brought about such working class life improvements. Some think the working class Unions are not worth supporting but are happy to line up for the better wages and conditions.

 

[Value Collector]

The people realised their combined toil was making their Masters rich. Union 'negotiations' for better wages and conditions brought about such working class life improvements. Some think the working class Unions are not worth supporting but are happy to line up for the better wages and conditions.

They also complain when jobs head overseas, to people who want to work.

Ofcourse unions had a place, you must admit though there are plenty of unions that abuse their power and and up killing industries.

 

[Tisme]

They also complain when jobs head overseas, to people who want to work.

Ofcourse unions had a place, you must admit though there are plenty of unions that abuse their power and and up killing industries.

You want to name plenty of them?

 

[moXJO]

Cfmeu, mua, etu, sda, awu, hsu need some more?
Chuck in the teachers unions who basically fcuk your kids education reforms.

 

[luutzu]

You want to name plenty of them?

The hippie red common union representing those public servant legislators in both the lower and upper houses at both the state and federal level?

Have you seen how generous their pay, travel and retirement packages are? It's like they wrote the law themselves.


My first job as an estimator for this small internal lining company have the boss complaining about union workers. They were the plasterboarding guys, working under cover, away from the rain... but somehow part of the union agreement for all construction workers is that they stop work when it rains.

Fair enough for bricklayers and stuff, but internal lining?

It drove him a bit mad watching his guys with tools down in perfectly dry working environment when it rain outside.

Though it wasn't the unions that drove the company broke though. It was Multiplex and their ramming of small contractors. Never a good idea to drive your contractors broke like they did... it ended up costing them lots of losses over at Wembley etc.

 

[luutzu]

Dam greedy workers. Should at least work 36 times harder than Austria's CEO.

 

[luutzu]

Cfmeu, mua, etu, sda, awu, hsu need some more?
Chuck in the teachers unions who basically fcuk your kids education reforms.

Always the workers' faults. Never the managers and owners, never those with money and power that screw things up... it's always the workers who's doing the work but not working hard enough for lower pay.

 

[SirRumpole]

Cfmeu, mua, etu, sda, awu, hsu need some more?
Chuck in the teachers unions who basically fcuk your kids education reforms.

Painters and Dockers, BLF ...

These are outliers and either defunct or much less powerful these days.

 

[Value Collector]

You want to name plenty of them?

Toyota execs blame the unions as a key reason they stopped manufacturing in Australia.

its not as isolated example.

http://www.heraldsun.com.au/blogs/a...s/news-story/cdedfe1d54436e1f36b75419a02e70e6