No! No more soup for you.

Just accept it and stop whining as wage growth stalls and employment is likely to fall as Trump tariffs bite China.

http://www.quickmeme.com/img/27/278e78b1abddd5afed7fab7b51e33231c13de24a452c14af0a46bbf0f2db8a5e.jpg

https://www.abc.net.au/news/2019-08-02/eba-growth-slowing-wage-growth-as-pay-rises-continue-to-weaken/11373498


Quote:

Wage weakness deepens as EBAs slide, locking in low pay rises for years by business reporter Stephen Letts Don't bank on a wage rise this year. Expect rate cuts instead Australia's slow wage growth is becoming more deeply entrenched, with the latest batch of enterprise bargaining agreements falling across the board. Key points: EBAs delivered annual rises of just 2.7pc in the first quarter, down from the recent peak of 3.2pc last year EBAs tend to hold for three years and are often seen as a forward indicator of wage growth Public sector EBAs were generally lower than private sector gains, affected by wage caps and tighter budgetary measures The average annual wage increase (AAWI) granted in new EBAs in the first quarter this year was 2.7 per cent. This is a sharp decline from the 3.2 per cent AAWI increase in the third quarter of 2018 — the strongest negotiated wage growth reported over the past two years. Why is wage growth so low? Why is Australia experiencing its slowest wages growth since World War Two? There are countless theories, but many come back to a shift in power between workers and employers. Analysis of data released by the Attorney-General's Department on newly approved deals shows wage rises weakened in both the public and private sectors. Private sector EBA pay rises slipped from 3 to 2.9 per cent over the March quarter, with the public sector experiencing a larger 0.3 percentage point drop from 2.7 to 2.4 per cent. It's far from the 3.5 per cent outcome the Reserve Bank has said it is aiming for in its agitation to drive wages and inflation higher. Weakness going forward ANZ economist Catherine Birch said EBAs tend to be forward-looking and give an idea where wages are heading. "With EBA's standard practice being three-year agreements, new ones locking in lower outcomes point to slowing wage growth," Ms Birch said. Ms Birch noted the average annual wage rise in new enterprise bargaining agreements taken over the past two quarters had slowed to 2.7 per cent. "This suggests that the gradual improvement we have seen in wages since 2017 may falter, particularly given the recent rise in underutilisation, supporting the need for another rate cut in 2019," she said. "The reversal in the direction of wage growth across the EBA and GDP measures suggests that the gradual improvement we have seen in the wage price index could fade." A graph showing EBA wage outcomes over time INFOGRAPHIC: The average raise in new enterprise bargaining agreements has slowed to 2.7pc over the past two quarters (Source: ANZ Research, Attorney General's Department) Public/private divide Jim Stanford, director of the Australia Institute's Centre for Future Work, said the report confirms that the wage slowdown in Australia is getting worse, not better. "The gap between negotiated wage increases in the public and private sectors continues to grow, as the wage caps imposed by governments in many jurisdictions — including the Commonwealth, with its 2 per cent cap — continue to bite," Dr Stanford said. At the state government level, budgets are increasingly under pressure — particularly in New South Wales and Victoria — as stamp duty revenues dwindle, eroded by the property market grinding lower. Hanging by a thread Jobs are about the only thing keeping recession at bay, but with unemployment rising, so are the risks. Results across the sectors were mixed. Agricultural workers and those in the media had the worst outcomes, with AAWIs of just 2.2 per cent. While construction workers had the strongest outcome with an annual wage increase of 3.7 per cent for EBAs signed over the March quarter. On the flip side, they also experienced the sharpest deterioration, down from the 6 per cent result in the December quarter. Ms Birch said the construction sector was "a bit of a puzzle". "While construction EBAs had been quite strong until now, the wage price index [for construction] has been the slowest across the sectors over the past year," she said. "The contraction on the residential side is part of the story, but infrastructure should be coming through and there still appears to be skill shortages." EBAs by industry Dr Stanford said the report also points to the unions' weakening grasp on driving wage growth. "This report confirms that the power of unions to win higher wage increases continues to erode, in the face of employer and government opposition to unions and collective bargaining, and a very hostile legal and regulatory environment," he said. Struck out Record low wage growth isn't exactly prompting workers to strike. In fact, workplace disputes are at record lows. Dr Stanford said almost half of all workers covered by newly approved enterprise agreements in the March quarter had "non-quantifiable" wage increases. "What that means is their wage gains are not specified in the deal, but rather are tied to things like future increases in the minimum wage, or changes in award wages," he said. "That's an unusually high proportion [45.5 per cent] of workers whose EAs don't directly specify a wage increase

Trump is our Messiah sent to us in these End Times.

Bobby. wrote on Aug 2^nd, 2019 at 3:26pm:

Trump is our Messiah sent to us in these End Times.

You have evidently confused messer with messiah.

Gosh not ANOTHER one of these futile wage thingies.

juliar wrote on Aug 2^nd, 2019 at 4:54pm:

Gosh not ANOTHER one of these futile wage thingies.

well it is a fairly serious problem for the majority of Australians.

Dnarever wrote on Aug 3^rd, 2019 at 8:59am:

juliar wrote on Aug 2nd, 2019 at 4:54pm: Gosh not ANOTHER one of these futile wage thingies. well it is a fairly serious problem for the majority of Australians.

Coalition got what it wanted - lower wages.

Low, stagnant, or falling wages is good news for the wealthy. It means inflation is not eroding their wealth.

juliar wrote on Aug 2^nd, 2019 at 4:54pm:

Gosh not ANOTHER one of these futile wage thingies.

And whilst they sit on their arses and complain nothing will change for them
;D ;D ;D ;D ;D ;D ;D ;D ;D ;D

Laugh till you cry wrote on Aug 3^rd, 2019 at 12:12pm:

Low, stagnant, or falling wages is good news for the wealthy. It means inflation is not eroding their wealth.

Poor productivity erodes it instead, with even poorer outcomes.

stunspore wrote on Aug 3^rd, 2019 at 12:11pm:

Dnarever wrote on Aug 3rd, 2019 at 8:59am: juliar wrote on Aug 2nd, 2019 at 4:54pm: Gosh not ANOTHER one of these futile wage thingies. well it is a fairly serious problem for the majority of Australians. Coalition got what it wanted - lower wages.

You're a goose if you believe anybody supports poor wages growth.

Dnarever wrote on Aug 3^rd, 2019 at 8:59am:

juliar wrote on Aug 2nd, 2019 at 4:54pm: Gosh not ANOTHER one of these futile wage thingies. well it is a fairly serious problem for the majority of Australians.

It's serious for everybody.

juliar wrote on Aug 2^nd, 2019 at 4:54pm:

Gosh not ANOTHER one of these futile wage thingies.

The futility isn't in the whinging. It is in the rubbish peddled by the likes of Letts who is well overdue to revise his textbooks. All this EBA stuff, bargaining power and stagnant wages have their roots in two decades of declining productivity. This is what should be addressed first. No amount of bleating or being Oliver with the porridge bowl will cause wages to grow while productivity declines.

crocodile wrote on Aug 3^rd, 2019 at 1:26pm:

stunspore wrote on Aug 3rd, 2019 at 12:11pm: Dnarever wrote on Aug 3rd, 2019 at 8:59am: juliar wrote on Aug 2nd, 2019 at 4:54pm: Gosh not ANOTHER one of these futile wage thingies. well it is a fairly serious problem for the majority of Australians. Coalition got what it wanted - lower wages. You're a goose if you believe anybody supports poor wages growth.

Employers do. Poor wages growth doesn't just happen. It's caused by employers deciding not to pay them.

crocodile wrote on Aug 3^rd, 2019 at 1:25pm:

Laugh till you cry wrote on Aug 3rd, 2019 at 12:12pm: Low, stagnant, or falling wages is good news for the wealthy. It means inflation is not eroding their wealth. Poor productivity erodes it instead, with even poorer outcomes.

Productivity is an issue, but it isn't the only issue causing stagnant wages.

Some other causes:
* Chronic high unemployment.
* Chronic high underemployment.
* High levels of casualisation and other forms of insecure work.
* Lack of consumer confidence.
* A moribund economy.
* Excess red tape imposed on workers.
* Lax enforcement of the regulations regarding the use of foreign workers.
* Free trade agreements.

Bam wrote on Aug 3^rd, 2019 at 3:58pm:

crocodile wrote on Aug 3rd, 2019 at 1:25pm: Laugh till you cry wrote on Aug 3rd, 2019 at 12:12pm: Low, stagnant, or falling wages is good news for the wealthy. It means inflation is not eroding their wealth. Poor productivity erodes it instead, with even poorer outcomes. Productivity is an issue, but it isn't the only issue causing stagnant wages. Some other causes: * Chronic high unemployment. * Chronic high underemployment. * High levels of casualisation and other forms of insecure work. * Lack of consumer confidence. * A moribund economy. * Excess red tape imposed on workers. * Lax enforcement of the regulations regarding the use of foreign workers. * Free trade agreements.

All of those things too. The point is that without productivity growth, wages won't grow regardless of the items in your list. Your list is only useful if productivity was actually growing.

Bam wrote on Aug 3^rd, 2019 at 3:50pm:

crocodile wrote on Aug 3rd, 2019 at 1:26pm: stunspore wrote on Aug 3rd, 2019 at 12:11pm: Dnarever wrote on Aug 3rd, 2019 at 8:59am: juliar wrote on Aug 2nd, 2019 at 4:54pm: Gosh not ANOTHER one of these futile wage thingies. well it is a fairly serious problem for the majority of Australians. Coalition got what it wanted - lower wages. You're a goose if you believe anybody supports poor wages growth. Employers do. Poor wages growth doesn't just happen. It's caused by employers deciding not to pay them.

Right, it doesn't just happen. It happens when productivity happens. If a unit of work input produces the same output as it did yesterday the reward will be the same as yesterday. It isn't rocket science.

The real problem is there are no growth drivers in Australia.

The economy has been trapped in the housing industry bubble which has drawn in workers from other industries.

Australia has a poor record in budget and schedule for major resource projects and this has led to more intense scrutiny before project commencement. Chevron published that they could build the equivalent of the Wheatstone project in the USA for 30% less than it costs in Australia.

If China reduces its demand for resources and energy as a consequence of US tariffs there will be more downward pressure on the Australian economy.

crocodile wrote on Aug 3^rd, 2019 at 4:14pm:

Bam wrote on Aug 3rd, 2019 at 3:50pm: crocodile wrote on Aug 3rd, 2019 at 1:26pm: stunspore wrote on Aug 3rd, 2019 at 12:11pm: Dnarever wrote on Aug 3rd, 2019 at 8:59am: juliar wrote on Aug 2nd, 2019 at 4:54pm: Gosh not ANOTHER one of these futile wage thingies. well it is a fairly serious problem for the majority of Australians. Coalition got what it wanted - lower wages. You're a goose if you believe anybody supports poor wages growth. Employers do. Poor wages growth doesn't just happen. It's caused by employers deciding not to pay them. Right, it doesn't just happen. It happens when productivity happens. If a unit of work input produces the same output as it did yesterday the reward will be the same as yesterday. It isn't rocket science.

That would only be true in all instances if inflation didn't exist.

Bam wrote on Aug 3^rd, 2019 at 5:43pm:

crocodile wrote on Aug 3rd, 2019 at 4:14pm: Bam wrote on Aug 3rd, 2019 at 3:50pm: crocodile wrote on Aug 3rd, 2019 at 1:26pm: stunspore wrote on Aug 3rd, 2019 at 12:11pm: Dnarever wrote on Aug 3rd, 2019 at 8:59am: juliar wrote on Aug 2nd, 2019 at 4:54pm: Gosh not ANOTHER one of these futile wage thingies. well it is a fairly serious problem for the majority of Australians. Coalition got what it wanted - lower wages. You're a goose if you believe anybody supports poor wages growth. Employers do. Poor wages growth doesn't just happen. It's caused by employers deciding not to pay them. Right, it doesn't just happen. It happens when productivity happens. If a unit of work input produces the same output as it did yesterday the reward will be the same as yesterday. It isn't rocket science. That would only be true in all instances if inflation didn't exist.

Always use real terms. Nominals are not useful in this instance and you know that.

crocodile wrote on Aug 3^rd, 2019 at 4:14pm:

Bam wrote on Aug 3rd, 2019 at 3:50pm: crocodile wrote on Aug 3rd, 2019 at 1:26pm: stunspore wrote on Aug 3rd, 2019 at 12:11pm: Dnarever wrote on Aug 3rd, 2019 at 8:59am: juliar wrote on Aug 2nd, 2019 at 4:54pm: Gosh not ANOTHER one of these futile wage thingies. well it is a fairly serious problem for the majority of Australians. Coalition got what it wanted - lower wages. You're a goose if you believe anybody supports poor wages growth. Employers do. Poor wages growth doesn't just happen. It's caused by employers deciding not to pay them. Right, it doesn't just happen. It happens when productivity happens. If a unit of work input produces the same output as it did yesterday the reward will be the same as yesterday. It isn't rocket science.

If employers can get away with not paying more productivity does not make a bugger of difference and that has been the primary driver of low wage growth for well over a decade.

Dnarever wrote on Aug 3^rd, 2019 at 6:36pm:

crocodile wrote on Aug 3rd, 2019 at 4:14pm: Bam wrote on Aug 3rd, 2019 at 3:50pm: crocodile wrote on Aug 3rd, 2019 at 1:26pm: stunspore wrote on Aug 3rd, 2019 at 12:11pm: Dnarever wrote on Aug 3rd, 2019 at 8:59am: juliar wrote on Aug 2nd, 2019 at 4:54pm: Gosh not ANOTHER one of these futile wage thingies. well it is a fairly serious problem for the majority of Australians. Coalition got what it wanted - lower wages. You're a goose if you believe anybody supports poor wages growth. Employers do. Poor wages growth doesn't just happen. It's caused by employers deciding not to pay them. Right, it doesn't just happen. It happens when productivity happens. If a unit of work input produces the same output as it did yesterday the reward will be the same as yesterday. It isn't rocket science. If employers can get away with not paying more productivity does not make a bugger of difference and that has been the primary driver of low wage growth for well over a decade.

What are you waffling on about.

crocodile wrote on Aug 3^rd, 2019 at 1:26pm:

stunspore wrote on Aug 3rd, 2019 at 12:11pm: Dnarever wrote on Aug 3rd, 2019 at 8:59am: juliar wrote on Aug 2nd, 2019 at 4:54pm: Gosh not ANOTHER one of these futile wage thingies. well it is a fairly serious problem for the majority of Australians. Coalition got what it wanted - lower wages. You're a goose if you believe anybody supports poor wages growth.

Then why have the coalition argued against wage increases at every wage hearing in any of our lifetimes ?

The facts disagree with your opinion.

crocodile wrote on Aug 3^rd, 2019 at 6:38pm:

Dnarever wrote on Aug 3rd, 2019 at 6:36pm: crocodile wrote on Aug 3rd, 2019 at 4:14pm: Bam wrote on Aug 3rd, 2019 at 3:50pm: crocodile wrote on Aug 3rd, 2019 at 1:26pm: stunspore wrote on Aug 3rd, 2019 at 12:11pm: Dnarever wrote on Aug 3rd, 2019 at 8:59am: juliar wrote on Aug 2nd, 2019 at 4:54pm: Gosh not ANOTHER one of these futile wage thingies. well it is a fairly serious problem for the majority of Australians. Coalition got what it wanted - lower wages. You're a goose if you believe anybody supports poor wages growth. Employers do. Poor wages growth doesn't just happen. It's caused by employers deciding not to pay them. Right, it doesn't just happen. It happens when productivity happens. If a unit of work input produces the same output as it did yesterday the reward will be the same as yesterday. It isn't rocket science. If employers can get away with not paying more productivity does not make a bugger of difference and that has been the primary driver of low wage growth for well over a decade. What are you waffling on about.

I am pointing out that high school economic text books do not necessarily outweigh the real world drivers to these outcomes. The power balance in the workplace has been a bigger determinant of wage results over a long period of time.

Dnarever wrote on Aug 3^rd, 2019 at 6:39pm:

crocodile wrote on Aug 3rd, 2019 at 1:26pm: stunspore wrote on Aug 3rd, 2019 at 12:11pm: Dnarever wrote on Aug 3rd, 2019 at 8:59am: juliar wrote on Aug 2nd, 2019 at 4:54pm: Gosh not ANOTHER one of these futile wage thingies. well it is a fairly serious problem for the majority of Australians. Coalition got what it wanted - lower wages. You're a goose if you believe anybody supports poor wages growth. Then why have the coalition argued against wage increases at every wage hearing in any of our lifetimes ? The facts disagree with your opinion.

When is the government consulted on wage hearings. You always just make up crap.

Dnarever wrote on Aug 3^rd, 2019 at 6:46pm:

crocodile wrote on Aug 3rd, 2019 at 6:38pm: Dnarever wrote on Aug 3rd, 2019 at 6:36pm: crocodile wrote on Aug 3rd, 2019 at 4:14pm: Bam wrote on Aug 3rd, 2019 at 3:50pm: crocodile wrote on Aug 3rd, 2019 at 1:26pm: stunspore wrote on Aug 3rd, 2019 at 12:11pm: Dnarever wrote on Aug 3rd, 2019 at 8:59am: juliar wrote on Aug 2nd, 2019 at 4:54pm: Gosh not ANOTHER one of these futile wage thingies. well it is a fairly serious problem for the majority of Australians. Coalition got what it wanted - lower wages. You're a goose if you believe anybody supports poor wages growth. Employers do. Poor wages growth doesn't just happen. It's caused by employers deciding not to pay them. Right, it doesn't just happen. It happens when productivity happens. If a unit of work input produces the same output as it did yesterday the reward will be the same as yesterday. It isn't rocket science. If employers can get away with not paying more productivity does not make a bugger of difference and that has been the primary driver of low wage growth for well over a decade. What are you waffling on about. I am pointing out that high school economic text books do not necessarily outweigh the real world drivers to these outcomes. The power balance in the workplace has been a bigger determinant of wage results over a long period of time.

What a load of horseshit. you simply wouldn't know. If productivity goes down there is no way wages will rise no matter what. Your power balance argument may hold water if productivity was rising but that hasn't been the case for almost two decades. Join the queue with your porridge bowl.

crocodile wrote on Aug 3^rd, 2019 at 7:47pm:

Dnarever wrote on Aug 3rd, 2019 at 6:39pm: crocodile wrote on Aug 3rd, 2019 at 1:26pm: stunspore wrote on Aug 3rd, 2019 at 12:11pm: Dnarever wrote on Aug 3rd, 2019 at 8:59am: juliar wrote on Aug 2nd, 2019 at 4:54pm: Gosh not ANOTHER one of these futile wage thingies. well it is a fairly serious problem for the majority of Australians. Coalition got what it wanted - lower wages. You're a goose if you believe anybody supports poor wages growth. Then why have the coalition argued against wage increases at every wage hearing in any of our lifetimes ? The facts disagree with your opinion. When is the government consulted on wage hearings. You always just make up crap.

Who said government were consulted ? Shows that you don't know what you are talking about if you don't understand the mechanism.

Dnarever wrote on Aug 3^rd, 2019 at 6:36pm:

crocodile wrote on Aug 3rd, 2019 at 4:14pm: Bam wrote on Aug 3rd, 2019 at 3:50pm: crocodile wrote on Aug 3rd, 2019 at 1:26pm: stunspore wrote on Aug 3rd, 2019 at 12:11pm: Dnarever wrote on Aug 3rd, 2019 at 8:59am: juliar wrote on Aug 2nd, 2019 at 4:54pm: Gosh not ANOTHER one of these futile wage thingies. well it is a fairly serious problem for the majority of Australians. Coalition got what it wanted - lower wages. You're a goose if you believe anybody supports poor wages growth. Employers do. Poor wages growth doesn't just happen. It's caused by employers deciding not to pay them. Right, it doesn't just happen. It happens when productivity happens. If a unit of work input produces the same output as it did yesterday the reward will be the same as yesterday. It isn't rocket science. If employers can get away with not paying more productivity does not make a bugger of difference and that has been the primary driver of low wage growth for well over a decade.

The anti-workers laws that have been in place for over a decade are definitely contributing.

The next Federal Labor government should have a massive bonfire of anti-worker laws and regulations to get wages and the economy moving again.

Anti-strike laws. Gone.
Free trade agreements that allow foreign countries to send workers here with no reciprocal work arrangements. Tear them up.
Constraints imposed on the RBA to force them to keep unemployment from falling much below 5%. Get rid of them.
A huge amount of anti-worker red tape has accumulated in the past 40 years and it all needs to go.

Dnarever wrote on Aug 3^rd, 2019 at 8:28pm:

crocodile wrote on Aug 3rd, 2019 at 7:47pm: Dnarever wrote on Aug 3rd, 2019 at 6:39pm: crocodile wrote on Aug 3rd, 2019 at 1:26pm: stunspore wrote on Aug 3rd, 2019 at 12:11pm: Dnarever wrote on Aug 3rd, 2019 at 8:59am: juliar wrote on Aug 2nd, 2019 at 4:54pm: Gosh not ANOTHER one of these futile wage thingies. well it is a fairly serious problem for the majority of Australians. Coalition got what it wanted - lower wages. You're a goose if you believe anybody supports poor wages growth. Then why have the coalition argued against wage increases at every wage hearing in any of our lifetimes ? The facts disagree with your opinion. When is the government consulted on wage hearings. You always just make up crap. Who said government were consulted ? Shows that you don't know what you are talking about if you don't understand the mechanism.

Then why have the coalition argued against wage increases at every wage hearing in any of our lifetimes ?

The facts disagree with your opinion.


Your words.

crocodile wrote on Aug 3^rd, 2019 at 11:35pm:

Dnarever wrote on Aug 3rd, 2019 at 8:28pm: crocodile wrote on Aug 3rd, 2019 at 7:47pm: Dnarever wrote on Aug 3rd, 2019 at 6:39pm: crocodile wrote on Aug 3rd, 2019 at 1:26pm: stunspore wrote on Aug 3rd, 2019 at 12:11pm: Dnarever wrote on Aug 3rd, 2019 at 8:59am: juliar wrote on Aug 2nd, 2019 at 4:54pm: Gosh not ANOTHER one of these futile wage thingies. well it is a fairly serious problem for the majority of Australians. Coalition got what it wanted - lower wages. You're a goose if you believe anybody supports poor wages growth. Then why have the coalition argued against wage increases at every wage hearing in any of our lifetimes ? The facts disagree with your opinion. When is the government consulted on wage hearings. You always just make up crap. Who said government were consulted ? Shows that you don't know what you are talking about if you don't understand the mechanism. Then why have the coalition argued against wage increases at every wage hearing in any of our lifetimes ? The facts disagree with your opinion. Your words.

Hi croc,

The Coalition have routinely argued against increases to the minimum wage in its submissions to the FWC. Making a submission isn't the same as being actively consulted. (So far as we know, anyway, who knows what happens behind the scenes?)

Bam wrote on Aug 3^rd, 2019 at 11:54pm:

crocodile wrote on Aug 3rd, 2019 at 11:35pm: Dnarever wrote on Aug 3rd, 2019 at 8:28pm: crocodile wrote on Aug 3rd, 2019 at 7:47pm: Dnarever wrote on Aug 3rd, 2019 at 6:39pm: crocodile wrote on Aug 3rd, 2019 at 1:26pm: stunspore wrote on Aug 3rd, 2019 at 12:11pm: Dnarever wrote on Aug 3rd, 2019 at 8:59am: juliar wrote on Aug 2nd, 2019 at 4:54pm: Gosh not ANOTHER one of these futile wage thingies. well it is a fairly serious problem for the majority of Australians. Coalition got what it wanted - lower wages. You're a goose if you believe anybody supports poor wages growth. Then why have the coalition argued against wage increases at every wage hearing in any of our lifetimes ? The facts disagree with your opinion. When is the government consulted on wage hearings. You always just make up crap. Who said government were consulted ? Shows that you don't know what you are talking about if you don't understand the mechanism. Then why have the coalition argued against wage increases at every wage hearing in any of our lifetimes ? The facts disagree with your opinion. Your words. Hi croc, The Coalition have routinely argued against increases to the minimum wage in its submissions to the FWC. Making a submission isn't the same as being actively consulted. (So far as we know, anyway, who knows what happens behind the scenes?)

Mr DNA didn't mention minimum wages. He just indicated wages. I've never heard of any government of any stripe advocating diminution of real wages. That's just horseshit. They have argued against minimum wage increases but that's all. Raising minimum wages is only helpful to skilled workers anyway. It is pretty useless for those without skills.

crocodile wrote on Aug 3^rd, 2019 at 11:35pm:

Dnarever wrote on Aug 3rd, 2019 at 8:28pm: crocodile wrote on Aug 3rd, 2019 at 7:47pm: Dnarever wrote on Aug 3rd, 2019 at 6:39pm: crocodile wrote on Aug 3rd, 2019 at 1:26pm: stunspore wrote on Aug 3rd, 2019 at 12:11pm: Dnarever wrote on Aug 3rd, 2019 at 8:59am: juliar wrote on Aug 2nd, 2019 at 4:54pm: Gosh not ANOTHER one of these futile wage thingies. well it is a fairly serious problem for the majority of Australians. Coalition got what it wanted - lower wages. You're a goose if you believe anybody supports poor wages growth. Then why have the coalition argued against wage increases at every wage hearing in any of our lifetimes ? The facts disagree with your opinion. When is the government consulted on wage hearings. You always just make up crap. Who said government were consulted ? Shows that you don't know what you are talking about if you don't understand the mechanism. Then why have the coalition argued against wage increases at every wage hearing in any of our lifetimes ? The facts disagree with your opinion. Your words.

Yes and it does not mean that there is a government involved consultation process - there isn't. You should know this.

Dnarever wrote on Aug 4^th, 2019 at 8:15am:

crocodile wrote on Aug 3rd, 2019 at 11:35pm: Dnarever wrote on Aug 3rd, 2019 at 8:28pm: crocodile wrote on Aug 3rd, 2019 at 7:47pm: Dnarever wrote on Aug 3rd, 2019 at 6:39pm: crocodile wrote on Aug 3rd, 2019 at 1:26pm: stunspore wrote on Aug 3rd, 2019 at 12:11pm: Dnarever wrote on Aug 3rd, 2019 at 8:59am: juliar wrote on Aug 2nd, 2019 at 4:54pm: Gosh not ANOTHER one of these futile wage thingies. well it is a fairly serious problem for the majority of Australians. Coalition got what it wanted - lower wages. You're a goose if you believe anybody supports poor wages growth. Then why have the coalition argued against wage increases at every wage hearing in any of our lifetimes ? The facts disagree with your opinion. When is the government consulted on wage hearings. You always just make up crap. Who said government were consulted ? Shows that you don't know what you are talking about if you don't understand the mechanism. Then why have the coalition argued against wage increases at every wage hearing in any of our lifetimes ? The facts disagree with your opinion. Your words. Yes and it does not mean that there is a government involved consultation process - there isn't. You should know this.

How can they argue against something they have no role in. You just make crap up all the time.

crocodile wrote on Aug 4^th, 2019 at 8:32am:

Dnarever wrote on Aug 4th, 2019 at 8:15am: crocodile wrote on Aug 3rd, 2019 at 11:35pm: Dnarever wrote on Aug 3rd, 2019 at 8:28pm: crocodile wrote on Aug 3rd, 2019 at 7:47pm: Dnarever wrote on Aug 3rd, 2019 at 6:39pm: crocodile wrote on Aug 3rd, 2019 at 1:26pm: stunspore wrote on Aug 3rd, 2019 at 12:11pm: Dnarever wrote on Aug 3rd, 2019 at 8:59am: juliar wrote on Aug 2nd, 2019 at 4:54pm: Gosh not ANOTHER one of these futile wage thingies. well it is a fairly serious problem for the majority of Australians. Coalition got what it wanted - lower wages. You're a goose if you believe anybody supports poor wages growth. Then why have the coalition argued against wage increases at every wage hearing in any of our lifetimes ? The facts disagree with your opinion. When is the government consulted on wage hearings. You always just make up crap. Who said government were consulted ? Shows that you don't know what you are talking about if you don't understand the mechanism. Then why have the coalition argued against wage increases at every wage hearing in any of our lifetimes ? The facts disagree with your opinion. Your words. Yes and it does not mean that there is a government involved consultation process - there isn't. You should know this. How can they argue against something they have no role in. You just make crap up all the time.

You argue against things you have no role in every day why do you think that the government can't ?

Quote:

The long debate over the causes of wage stagnation took an unexpected turn last week, when Finance Minister Matthias Cormann described (downward) flexibility in the rate of wage growth as “a deliberate design feature of our economic architecture”........ Cormann had said policies aimed at pushing wages up could cause “massive spikes in unemployment”....... For more than forty years, both the architecture of labour market regulation and the discretionary choices of governments have been designed with the precise objective of holding wages down. These policies have been quite successful, as can be seen from the graph. However, at least until recently, there has been bipartisan agreement on at least one aspect of them – that no one should mention their role in holding back wages. http://theconversation.com/ultra-low-wage-growth-isnt-accidental-it-is-the-intended-outcome-of-government-policies-113357

The graph shows that the employee share of income is at about the lowest rate since the 1960 to 1965 period.

Dnarever wrote on Aug 4^th, 2019 at 8:48am:

Quote: The long debate over the causes of wage stagnation took an unexpected turn last week, when Finance Minister Matthias Cormann described (downward) flexibility in the rate of wage growth as “a deliberate design feature of our economic architecture”........ Cormann had said policies aimed at pushing wages up could cause “massive spikes in unemployment”....... For more than forty years, both the architecture of labour market regulation and the discretionary choices of governments have been designed with the precise objective of holding wages down. These policies have been quite successful, as can be seen from the graph. However, at least until recently, there has been bipartisan agreement on at least one aspect of them – that no one should mention their role in holding back wages. http://theconversation.com/ultra-low-wage-growth-isnt-accidental-it-is-the-intended-outcome-of-government-policies-113357 The graph shows that the employee share of income is at about the lowest rate since the 1960 to 1965 period.

You should read the article and understand it.

crocodile wrote on Aug 4^th, 2019 at 9:01am:

Dnarever wrote on Aug 4th, 2019 at 8:48am: Quote: The long debate over the causes of wage stagnation took an unexpected turn last week, when Finance Minister Matthias Cormann described (downward) flexibility in the rate of wage growth as “a deliberate design feature of our economic architecture”........ Cormann had said policies aimed at pushing wages up could cause “massive spikes in unemployment”....... For more than forty years, both the architecture of labour market regulation and the discretionary choices of governments have been designed with the precise objective of holding wages down. These policies have been quite successful, as can be seen from the graph. However, at least until recently, there has been bipartisan agreement on at least one aspect of them – that no one should mention their role in holding back wages. http://theconversation.com/ultra-low-wage-growth-isnt-accidental-it-is-the-intended-outcome-of-government-policies-113357 The graph shows that the employee share of income is at about the lowest rate since the 1960 to 1965 period. You should read the article and understand it.

You should say something relevant and not show your own lack of understanding.

By the way the article shows a primary reason for wage stagnation without the most vague reference to productivity or general economic factors. It in fact references a case of voodoo economics.

Dnarever wrote on Aug 4^th, 2019 at 9:16am:

crocodile wrote on Aug 4th, 2019 at 9:01am: Dnarever wrote on Aug 4th, 2019 at 8:48am: Quote: The long debate over the causes of wage stagnation took an unexpected turn last week, when Finance Minister Matthias Cormann described (downward) flexibility in the rate of wage growth as “a deliberate design feature of our economic architecture”........ Cormann had said policies aimed at pushing wages up could cause “massive spikes in unemployment”....... For more than forty years, both the architecture of labour market regulation and the discretionary choices of governments have been designed with the precise objective of holding wages down. These policies have been quite successful, as can be seen from the graph. However, at least until recently, there has been bipartisan agreement on at least one aspect of them – that no one should mention their role in holding back wages. http://theconversation.com/ultra-low-wage-growth-isnt-accidental-it-is-the-intended-outcome-of-government-policies-113357 The graph shows that the employee share of income is at about the lowest rate since the 1960 to 1965 period. You should read the article and understand it. You should say something relevant and not show your own lack of understanding. By the way the article shows a primary reason for wage stagnation without the most vague reference to productivity or general economic factors. It in fact references a case of voodoo economics.

That's why it's horseshit.

crocodile wrote on Aug 4^th, 2019 at 10:28am:

Dnarever wrote on Aug 4th, 2019 at 9:16am: crocodile wrote on Aug 4th, 2019 at 9:01am: Dnarever wrote on Aug 4th, 2019 at 8:48am: Quote: The long debate over the causes of wage stagnation took an unexpected turn last week, when Finance Minister Matthias Cormann described (downward) flexibility in the rate of wage growth as “a deliberate design feature of our economic architecture”........ Cormann had said policies aimed at pushing wages up could cause “massive spikes in unemployment”....... For more than forty years, both the architecture of labour market regulation and the discretionary choices of governments have been designed with the precise objective of holding wages down. These policies have been quite successful, as can be seen from the graph. However, at least until recently, there has been bipartisan agreement on at least one aspect of them – that no one should mention their role in holding back wages. http://theconversation.com/ultra-low-wage-growth-isnt-accidental-it-is-the-intended-outcome-of-government-policies-113357 The graph shows that the employee share of income is at about the lowest rate since the 1960 to 1965 period. You should read the article and understand it. You should say something relevant and not show your own lack of understanding. By the way the article shows a primary reason for wage stagnation without the most vague reference to productivity or general economic factors. It in fact references a case of voodoo economics. That's why it's horseshit.

Agreed but it is also the Australian political reality as expressed by a senior Liberal politician.

Australian governments have been pushing wages down for decades irrespective of economic conditions.

i.e.

Total factor productivity high - wage pressure down.

Total factor productivity Low -  wage pressure down.

This is the reality.

Get a second job with UBER.

juliar wrote on Aug 4^th, 2019 at 3:59pm:

Get a second job with UBER.

Get a first job with Uber.

A second job with UBER is workable as you just work maybe 5 hours or so during peak times when the surge pricing is on.

A full time job with UBER is not viable as many have found out.