Australia’s top CEOs earn 132 times average wage   :(
July 13 2022
New Daily
Want to earn as much as Australia’s highest-paid CEOs? Just buckle down and work hard for another 2332 years.

That’s how long it would take the average Australian worker to earn what Afterpay bosses Nick Molnar and Anthony Eisen did last financial year.

Each raked in more than $100 million from their buy now, pay later empire – setting a fresh record for Australia’s top-paid bosses.

It has all been revealed in a new report from the Australian Council of Superannuation Investors (ACSI), which tracked the eye-watering sums paid to CEOs at top ASX-listed companies.

Average realised pay for these executives reached an astonishing $9.14 million last financial year – about 132 times the average worker’s wage of $1328 per week.

But leaders at some well-known companies were paid much more, with CSL’s Paul Perreault making $58.9 million in realised pay and Woolworths’ Brad Banducci earning $11.7 million.

Executive bonuses soar
ACSI’s figures show that while most workers are struggling with stagnant wages growth, soaring inflation and rising mortgage bills, many CEOs are enjoying record payouts.   :(

The huge pay days have shareholder advocates worried that CEO salaries are moving out of step with delivering value to superannuation accounts and other investors as the economic outlook sours.



Look no further than bonuses, which hit a record $2.31 million on average last year after most were paused during the pandemic.

In fact, the median bonus paid to CEOs rose from a record-low 31 per cent of the maximum rate to 76.7 per cent in the year to June.

ACSI executive manager Ed John said it was the highest rate of bonus payouts in seven years.

“After their lowest year on record, big bonuses have returned, but they haven’t just rebounded, they’ve hit new heights,” he said.

Mark McInnes, CEO at Smiggle owner Premier Investments – which infamously failed to repay its entire JobKeeper subsidy despite booking huge profits – enjoyed the largest bonus, at $2.7 million.

Advocates watchful on souring outlook
ACSI has been measuring these bonuses and other CEO pay metrics for 21 years now, combining factors like base wages, stock incentives and superannuation payments.

This leads to a measure called realised pay, which combines fixed remuneration with stocks to derive the total value in cash and wealth that CEOs draw from their companies.

Crucially, this doesn’t just count the cash that bosses walk away with. Instead, it captures the total benefit bosses receive after factoring in share valuations and money received from selling or owning stocks.



Fiona Balzer, policy and advocacy manager at the Australian Shareholders Association, said that realised pay is “valuable” for understanding the total scale of CEO remuneration.

For example, median cash pay for ASX100 CEOs soared 41 per cent this year to $2.8 million.

But median realised pay was much higher at $4.19 million, reflecting the value of share options, which are often drawn from prior financial years.

In either case, the money being paid to top executives is hundreds of times what the average Australian worker earns, and advocates fear shareholders aren’t getting enough value for their money.

“Investors, and ACSI, will be scrutinising closely the results-reporting season to see if this concerning trend of bonus ‘catch-up’ continues,” Mr John said.

“This year’s outcomes will be judged against a backdrop of difficult financial markets and an uncertain economic outlook.”

Ms Balzer said there were 17 shareholder strikes against company remuneration reports last financial year, suggesting investors have made their displeasure known about higher bonuses.

“We want the executives to be aligned with shareholders,” she said.

“But we’re also mindful that if you are terminating employees, or really tight on their wage growth, then it’s inappropriate to give largesse to executives.”

Ms Blazer said the ASA will be closely watching an upcoming round of reports for the current financial year to ensure CEO pay is in step with a worsening outlook for the local economy.

whiteknight wrote on Jul 14^th, 2022 at 6:26am:

Australia’s top CEOs earn 132 times average wage   :( July 13 2022 New Daily Want to earn as much as Australia’s highest-paid CEOs? Just buckle down and work hard for another 2332 years. .

But socialism is terrible and starves people.  AHHAHAHAAAAA!!!!!!

FutureTheLeftWant wrote on Jul 14^th, 2022 at 7:47am:

whiteknight wrote on Jul 14th, 2022 at 6:26am: Australia’s top CEOs earn 132 times average wage   :( July 13 2022 New Daily Want to earn as much as Australia’s highest-paid CEOs? Just buckle down and work hard for another 2332 years. . But socialism is terrible and starves people.  AHHAHAHAAAAA!!!!!!

Yes. 50 million Chinese last century. And they couldn't even get them to starve equally.

freediver wrote on Jul 14^th, 2022 at 5:32pm:

FutureTheLeftWant wrote on Jul 14th, 2022 at 7:47am: whiteknight wrote on Jul 14th, 2022 at 6:26am: Australia’s top CEOs earn 132 times average wage   :( July 13 2022 New Daily Want to earn as much as Australia’s highest-paid CEOs? Just buckle down and work hard for another 2332 years. . But socialism is terrible and starves people.  AHHAHAHAAAAA!!!!!! Yes. 50 million Chinese last century. And they couldn't even get them to starve equally.

We still telling these lies? Why?

you dont get paid for your time
you get paid for your value.

is it possible to become 132 x as valuable as the average person

of course

aquascoot wrote on Jul 14^th, 2022 at 6:09pm:

you dont get paid for your time you get paid for your value. is it possible to become 132 x as valuable as the average person of course

Right wing morons simping for capitalism.  ROTFL!!!

aquascoot wrote on Jul 14^th, 2022 at 6:09pm:

you dont get paid for your time you get paid for your value. is it possible to become 132 x as valuable as the average person of course

only when sycophants like you swallow that crap

What value was that?

What exactly is it that they bring to the table?

Grappler Deep State Feller wrote on Jul 14^th, 2022 at 7:49pm:

What value was that? What exactly is it that they bring to the table?

CEO salaries took off under raegan and thatcher.

this marked the end of trade unions and CEO's salaries being more in alignment with the companies performance.

the economic boom of the nineties, and the last 2 decades ( australians under 30 have never lived in a recession) was the result of companies suddenly adding massive ammounts of value.

look at how magnificent the advances in phones, tv's, the internet, cameras, cars, whitegoods has been.

the value of these things in your life is truly under appreciated.

look at sectors of our society which still have managers who earn only a bit more then their staff.
the heads of education and health .

schools are probably worse now then 20 years ago
teachers are dumber, they have low morale
hospitals are more dysfunctional
it takes longer to get treatment , hospital staff have low morale


when you put champions in charge, we all benefit.

i'm sure JK rowling and tiger woods and novak earn more then 132 times what the average writer , golfer or tennis player earns.
they provide more value

aquascoot wrote on Jul 14^th, 2022 at 8:06pm:

Grappler Deep State Feller wrote on Jul 14th, 2022 at 7:49pm: What value was that? What exactly is it that they bring to the table? CEO salaries took off under raegan and thatcher. this marked the end of trade unions and CEO's salaries being more in alignment with the companies performance. the economic boom of the nineties, and the last 2 decades ( australians under 30 have never lived in a recession) was the result of companies suddenly adding massive ammounts of value. look at how magnificent the advances in phones, tv's, the internet, cameras, cars, whitegoods has been. the value of these things in your life is truly under appreciated. look at sectors of our society which still have managers who earn only a bit more then their staff. the heads of education and health . schools are probably worse now then 20 years ago teachers are dumber, they have low morale hospitals are more dysfunctional it takes longer to get treatment , hospital staff have low morale when you put champions in charge, we all benefit. i'm sure JK rowling and tiger woods and novak earn more then 132 times what the average writer , golfer or tennis player earns. they provide more value

No, JK was the beneficiary of a trend. Not really the same thing.

The big thing with executive salaries was people didn't realise how much they made in stock options.  This has stopped but capitalism being what it is, executive salaries are not going down

Grappler Deep State Feller wrote on Jul 14^th, 2022 at 7:49pm:

What value was that? What exactly is it that they bring to the table?

Better returns to shareholders. That's the only reason shareholders pay them so much.

These inflated salaries are part of neoliberalism.

CEO salaries were once kept confidential but neoliberalism saw them published. So a CEO-to-be would use the last CEO salary to argue for a better salary for himself (and the next tier of execs) to be higher than that.

Is this good for the country or its economy?

We hardly make a bloody thing in this country anymore, have to accept cheap imported crap instead.

Neoliberalism is killing and hollowing out the Australian economy!

Why is our Budget $1Trn in the red? Neoliberalism.

Quote:

CEO salaries were once kept confidential but neoliberalism saw them published. So a CEO-to-be would use the last CEO salary to argue for a better salary for himself (and the next tier of execs) to be higher than that.

What a cunning trick. So why haven't the shareholders caught on yet?

freediver wrote on Jul 14^th, 2022 at 8:33pm:

Quote: CEO salaries were once kept confidential but neoliberalism saw them published. So a CEO-to-be would use the last CEO salary to argue for a better salary for himself (and the next tier of execs) to be higher than that. What a cunning trick. So why haven't the shareholders caught on yet?

They make money, they don't care. Realistically it's cheaper to pay the CEO a ton, than all the workers a living wage

FutureTheLeftWant wrote on Jul 14^th, 2022 at 8:40pm:

freediver wrote on Jul 14th, 2022 at 8:33pm: Quote: CEO salaries were once kept confidential but neoliberalism saw them published. So a CEO-to-be would use the last CEO salary to argue for a better salary for himself (and the next tier of execs) to be higher than that. What a cunning trick. So why haven't the shareholders caught on yet? They make money, they don't care. Realistically it's cheaper to pay the CEO a ton, than all the workers a living wage

That is not the choice that shareholders are faced with. If you actually want to know why CEOs get paid so much, rather than just have something to whine about, you need to see the reality for what it is.

freediver wrote on Jul 14^th, 2022 at 8:45pm:

That is not the choice that shareholders are faced with. If you actually want to know why CEOs get paid so much, rather than just have something to whine about, you need to see the reality for what it is.

My comment was quoting an in depth article I read on the topic.  What sources and views do you have?

FutureTheLeftWant wrote on Jul 14^th, 2022 at 8:47pm:

freediver wrote on Jul 14th, 2022 at 8:45pm: That is not the choice that shareholders are faced with. If you actually want to know why CEOs get paid so much, rather than just have something to whine about, you need to see the reality for what it is. My comment was quoting an in depth article I read on the topic.  What sources and views do you have?

It does not matter how deep the BS is, it is still BS. And you are full of it.

freediver wrote on Jul 14^th, 2022 at 8:49pm:

It does not matter how deep the BS is, it is still BS. And you are full of it.

I must be easily exposed as a liar and a fool.  That's why you never try to do it

FutureTheLeftWant wrote on Jul 14^th, 2022 at 8:51pm:

freediver wrote on Jul 14th, 2022 at 8:49pm: It does not matter how deep the BS is, it is still BS. And you are full of it. I must be easily exposed as a liar and a fool.  That's why you never try to do it

Sure I do. That is what I am doing every time I quote you. Now, instead of doing the spoilt infant routine, do you have any interest at all in what I actually posted?

That is not the choice that shareholders are faced with. If you actually want to know why CEOs get paid so much, rather than just have something to whine about, you need to see the reality for what it is.

freediver wrote on Jul 14^th, 2022 at 8:53pm:

FutureTheLeftWant wrote on Jul 14th, 2022 at 8:51pm: freediver wrote on Jul 14th, 2022 at 8:49pm: It does not matter how deep the BS is, it is still BS. And you are full of it. I must be easily exposed as a liar and a fool.  That's why you never try to do it Sure I do. That is what I am doing every time I quote you. Now, instead of doing the spoilt infant routine, do you have any interest at all in what I actually posted? That is not the choice that shareholders are faced with. If you actually want to know why CEOs get paid so much, rather than just have something to whine about, you need to see the reality for what it is.

You think it's self evident I am incorrect.  But you can't explain how.  It's really breathtaking.

No one is worth what Elon Musk earns.  it's just not possible.  No company hinges that completely on one person, certainly not a person as worthless as that dude

It is evident that you do not even know how to begin thinking about the topic under discussion. You have no interest at all in it.

That is not the choice that shareholders are faced with. If you actually want to know why CEOs get paid so much, rather than just have something to whine about, you need to see the reality for what it is.

freediver wrote on Jul 14^th, 2022 at 8:56pm:

It is evident that you do not even know how to begin thinking about the topic under discussion. You have no interest at all in it. That is not the choice that shareholders are faced with. If you actually want to know why CEOs get paid so much, rather than just have something to whine about, you need to see the reality for what it is.

It's interesting you've said that at least three times, but can't tell me where I am wrong

They are paid that much because of end stage capitalism.  that is obvious

You would have to actually say something to be wrong. All you have done is dribble.

Do you have any interest in the topic at hand, or are you just here to stain the rug?

That is not the choice that shareholders are faced with. If you actually want to know why CEOs get paid so much, rather than just have something to whine about, you need to see the reality for what it is.

freediver wrote on Jul 14^th, 2022 at 9:03pm:

You would have to actually say something to be wrong. All you have done is dribble. Do you have any interest in the topic at hand, or are you just here to stain the rug? That is not the choice that shareholders are faced with. If you actually want to know why CEOs get paid so much, rather than just have something to whine about, you need to see the reality for what it is.

Keep saying that and pretending it means something!!!

Ah, so you don't understand. Is there any part in particular you have trouble with?

freediver wrote on Jul 14^th, 2022 at 9:06pm:

Ah, so you don't understand. Is there any part in particular you have trouble with?

You're adorable

There's nothing you can do about that. But I can help your confusion. If you can string a sentence together and tell us what you are confused about.

That is not the choice that shareholders are faced with. If you actually want to know why CEOs get paid so much, rather than just have something to whine about, you need to see the reality for what it is.

Or, we could start with a simple question. Do you know who decides what the CEO get's paid?

freediver wrote on Jul 14^th, 2022 at 9:11pm:

There's nothing you can do about that. But I can help your confusion. If you can string a sentence together and tell us what you are confused about. That is not the choice that shareholders are faced with. If you actually want to know why CEOs get paid so much, rather than just have something to whine about, you need to see the reality for what it is. Or, we could start with a simple question. Do you know who decides what the CEO get's paid?

It's not really relevant to what I was discussing.  You seem confused.....

If CEO salaries are not relevant to CEO salaries, why did you bring up CEO salaries in a thread about CEO salaries?


freediver wrote on Jul 14^th, 2022 at 8:45pm:

FutureTheLeftWant wrote on Jul 14th, 2022 at 8:40pm: freediver wrote on Jul 14th, 2022 at 8:33pm: Quote: CEO salaries were once kept confidential but neoliberalism saw them published. So a CEO-to-be would use the last CEO salary to argue for a better salary for himself (and the next tier of execs) to be higher than that. What a cunning trick. So why haven't the shareholders caught on yet? They make money, they don't care. Realistically it's cheaper to pay the CEO a ton, than all the workers a living wage That is not the choice that shareholders are faced with. If you actually want to know why CEOs get paid so much, rather than just have something to whine about, you need to see the reality for what it is.

Then panic at the suggestion you actually think about why they get paid so much?

freediver wrote on Jul 14^th, 2022 at 9:17pm:

If CEO salaries are not relevant to CEO salaries, why did you bring up CEO salaries in a thread about CEO salaries?

CEO salaries are a different topic to 'how are CEO salaries set'

https://www.readingwritinghotline.edu.au/

Quote:

CEO salaries are a different topic to 'how are CEO salaries set'

;D

So this thread is just for whining about how high they are, and you have no interest in the real reason they are so high?

Just here to stain the rug eh?

freediver wrote on Jul 14^th, 2022 at 9:34pm:

Quote: CEO salaries are a different topic to 'how are CEO salaries set' ;D So this thread is just for whining about how high they are, and you have no interest in the real reason they are so high? Just here to stain the rug eh?

You changed the subject because you can't discuss it.  LOL!!!

Would you mind shuffling to the side so I can vacuum that up?

freediver wrote on Jul 14^th, 2022 at 9:37pm:

Would you mind shuffling to the side so I can vacuum that up?

Good job avoiding debate.  I'm going to bed.

FutureTheLeftWant wrote on Jul 14^th, 2022 at 9:39pm:

freediver wrote on Jul 14th, 2022 at 9:37pm: Would you mind shuffling to the side so I can vacuum that up? Good job avoiding debate.  I'm going to bed.

What??? Your 120 post per day average has taken a hit since your enforced holiday. Are you not worried about bumping your post average back up to at least over 100 per day?

Idiotically high CEO salaries seem to be partly paid for by stealing wages and putting workers on zero hour contract etc.

Of course bonuses make a large part of the CEO take home pay. Mostly short term objectives so the long term is left to look after itself. No wonder so many large businesses are owned by foreign companies.

aquascoot wrote on Jul 14^th, 2022 at 8:06pm:

CEO salaries took off under raegan and thatcher. this marked the end of trade unions and CEO's salaries being more in alignment with the companies performance. the economic boom of the nineties, and the last 2 decades ( australians under 30 have never lived in a recession) was the result of companies suddenly adding massive ammounts of value. look at how magnificent the advances in phones, tv's, the internet, cameras, cars, whitegoods has been. the value of these things in your life is truly under appreciated. look at sectors of our society which still have managers who earn only a bit more then their staff. the heads of education and health . schools are probably worse now then 20 years ago teachers are dumber, they have low morale hospitals are more dysfunctional it takes longer to get treatment , hospital staff have low morale when you put champions in charge, we all benefit. i'm sure JK rowling and tiger woods and novak earn more then 132 times what the average writer , golfer or tennis player earns, they provide more value

https://theworldincrisis.com/inequality-as-a-factor-in-social-unrest/

The World In Crisis

"Income and wealth inequality is higher in the United States than in almost any other developed country, and it is rising. There are large wealth and income gaps across racial groups, which many experts attribute to the country's legacy of slavery and racist economic policies.20 Apr 2022".

and

"The extremes of wealth and income inequality that have developed within the OECD countries, and particularly in the United States, since the early 1980s, have created unbalanced societies, which are by their nature more unstable than was the situation in the 1950s and 1960s. Arguably the mass of the OECD populations have little idea just how extreme the levels of inequality are, but the increasing pressures on the bottom 40% of the population will result in higher levels of social volatility "

Beware the disadvantaged,  they are already on the rampage in many countries...you are not necessarily immune to such social unrest. .

thegreatdivide wrote on Jul 14^th, 2022 at 11:49pm:

aquascoot wrote on Jul 14th, 2022 at 8:06pm: CEO salaries took off under raegan and thatcher. this marked the end of trade unions and CEO's salaries being more in alignment with the companies performance. the economic boom of the nineties, and the last 2 decades ( australians under 30 have never lived in a recession) was the result of companies suddenly adding massive ammounts of value. look at how magnificent the advances in phones, tv's, the internet, cameras, cars, whitegoods has been. the value of these things in your life is truly under appreciated. look at sectors of our society which still have managers who earn only a bit more then their staff. the heads of education and health . schools are probably worse now then 20 years ago teachers are dumber, they have low morale hospitals are more dysfunctional it takes longer to get treatment , hospital staff have low morale when you put champions in charge, we all benefit. i'm sure JK rowling and tiger woods and novak earn more then 132 times what the average writer , golfer or tennis player earns, they provide more value https://theworldincrisis.com/inequality-as-a-factor-in-social-unrest/ The World In Crisis "Income and wealth inequality is higher in the United States than in almost any other developed country, and it is rising. There are large wealth and income gaps across racial groups, which many experts attribute to the country's legacy of slavery and racist economic policies.20 Apr 2022". and "The extremes of wealth and income inequality that have developed within the OECD countries, and particularly in the United States, since the early 1980s, have created unbalanced societies, which are by their nature more unstable than was the situation in the 1950s and 1960s. Arguably the mass of the OECD populations have little idea just how extreme the levels of inequality are, but the increasing pressures on the bottom 40% of the population will result in higher levels of social volatility " Beware the disadvantaged,  they are already on the rampage in many countries...you are not necessarily immune to such social unrest. .

i agree with you.

whats interesting is that the guys at the top of amazon, google, facebook (meta) , are virtue signalling their wokeness like crazy.

this is clearly to try to convince the people at the bottom they are on the side of the "oppressed".

so far, people havent woken up to the fact that corporate 'wokeness" is just a very very cheap scam to try to throw the masses off the scent.

it costs nothing for google to make every employee do a course in critical race theory and change their browser to rainbow and their home page to a black rectangle in support of george flloyd.

as if the guys at google , living on their mega yachts know anything about george  ::)

UnSubRocky wrote on Jul 14^th, 2022 at 11:07pm:

FutureTheLeftWant wrote on Jul 14th, 2022 at 9:39pm: freediver wrote on Jul 14th, 2022 at 9:37pm: Would you mind shuffling to the side so I can vacuum that up? Good job avoiding debate.  I'm going to bed. What??? Your 120 post per day average has taken a hit since your enforced holiday. Are you not worried about bumping your post average back up to at least over 100 per day?

I post when I feel like it.  I'm not trying to impress anyone

aquascoot wrote on Jul 15^th, 2022 at 5:25am:

i agree with you. whats interesting is that the guys at the top of amazon, google, facebook (meta) , are virtue signalling their wokeness like crazy. this is clearly to try to convince the people at the bottom they are on the side of the "oppressed". so far, people havent woken up to the fact that corporate 'wokeness" is just a very very cheap scam to try to throw the masses off the scent. it costs nothing for google to make every employee do a course in critical race theory and change their browser to rainbow and their home page to a black rectangle in support of george flloyd. as if the guys at google , living on their mega yachts know anything about george  ::)

You are defining the difference between liberals and the left.  One meme I've seen a lot of is 'they put a guillotine outside Jeff Bezos house!!!'

FutureTheLeftWant wrote on Jul 15^th, 2022 at 7:44am:

UnSubRocky wrote on Jul 14th, 2022 at 11:07pm: FutureTheLeftWant wrote on Jul 14th, 2022 at 9:39pm: freediver wrote on Jul 14th, 2022 at 9:37pm: Would you mind shuffling to the side so I can vacuum that up? Good job avoiding debate.  I'm going to bed. What??? Your 120 post per day average has taken a hit since your enforced holiday. Are you not worried about bumping your post average back up to at least over 100 per day? I post when I feel like it.  I'm not trying to impress anyone

It's working...

The Heartless Felon wrote on Jul 15^th, 2022 at 8:06am:

It's working...

The contempt of right wing garbage is, however, always a fine prize

aquascoot wrote on Jul 15^th, 2022 at 5:25am:

thegreatdivide wrote on Jul 14th, 2022 at 11:49pm: aquascoot wrote on Jul 14th, 2022 at 8:06pm: CEO salaries took off under raegan and thatcher. this marked the end of trade unions and CEO's salaries being more in alignment with the companies performance. the economic boom of the nineties, and the last 2 decades ( australians under 30 have never lived in a recession) was the result of companies suddenly adding massive ammounts of value. look at how magnificent the advances in phones, tv's, the internet, cameras, cars, whitegoods has been. the value of these things in your life is truly under appreciated. look at sectors of our society which still have managers who earn only a bit more then their staff. the heads of education and health . schools are probably worse now then 20 years ago teachers are dumber, they have low morale hospitals are more dysfunctional it takes longer to get treatment , hospital staff have low morale when you put champions in charge, we all benefit. i'm sure JK rowling and tiger woods and novak earn more then 132 times what the average writer , golfer or tennis player earns, they provide more value https://theworldincrisis.com/inequality-as-a-factor-in-social-unrest/ The World In Crisis "Income and wealth inequality is higher in the United States than in almost any other developed country, and it is rising. There are large wealth and income gaps across racial groups, which many experts attribute to the country's legacy of slavery and racist economic policies.20 Apr 2022". and "The extremes of wealth and income inequality that have developed within the OECD countries, and particularly in the United States, since the early 1980s, have created unbalanced societies, which are by their nature more unstable than was the situation in the 1950s and 1960s. Arguably the mass of the OECD populations have little idea just how extreme the levels of inequality are, but the increasing pressures on the bottom 40% of the population will result in higher levels of social volatility " Beware the disadvantaged,  they are already on the rampage in many countries...you are not necessarily immune to such social unrest. . i agree with you.

No you don't, you said: "when you put champions in charge, we all benefit. which is obviously incorrect, because as  the 'World in Crisis' guotes revealed,  inequality has been soaring since the 80' s while  these "champions have been in charge".

In fact you were on the right track mentioning Thatcher and Reagan, who initiated the neoliberal era in which inequality has soared. 

The problem was caused by  the abandonment of the Keynesian 'welfare state' politics of the 50's and 60's ...for various reasons including the Arab oil embargo and increasing competition from low wage Asia (eg Corollas supplanted Fords and Chevs as the world's highest selling vehicles) which created 'stagflation' and the "1st world rust belt" in the West, as companies chasing lower wages shifted manufacturing to Asia during an era of increasing globalization, and lowering tariffs.   


Quote:

whats interesting is that the guys at the top of amazon, google, facebook (meta) , are virtue signalling their wokeness like crazy.

That's not "interesting"; they are just aware of the damage to social cohesion they have caused, as secure, well-paid manufacturing jobs have left the US, in favor of these behemoths monopolizing service "industries" (eg I hardly ever need or use facebook, how on earth it's worth $billions is beyond me...)


Quote:

this is clearly to try to convince the people at the bottom they are on the side of the "oppressed".

"Oppression" is a mis-characterization of disadvantage, which IS very real in our current  dysfunctional neoliberal economy.


Quote:

so far, people havent woken up to the fact that corporate 'wokeness" is just a very very cheap scam to try to throw the masses off the scent.

Well, Gates and Zuckerberg have said billionaires SHOULD pay more tax; "wokeness" is more a RW concept designed to hide  the reality of the current  dysfunctional neoliberal economic system.   


Quote:

it costs nothing for google to make every employee do a course in critical race theory and change their browser to rainbow and their home page to a black rectangle in support of george flloyd.

And it doesn't change the dysfunctional neoliberal economic system.


Quote:

as if the guys at google , living on their mega yachts know anything about george  ::)

Like I said "wokeness" comes in handy to assuage one's guilt if you are the biggest beneficiary of the dysfunctional system.

FutureTheLeftWant wrote on Jul 15^th, 2022 at 7:44am:

I post when I feel like it.  I'm not trying to impress anyone

Your post per day average went up 2 posts per day inside 24 hours. You obviously have a need to make yourself heard.

UnSubRocky wrote on Jul 15^th, 2022 at 2:49pm:

FutureTheLeftWant wrote on Jul 15th, 2022 at 7:44am: I post when I feel like it.  I'm not trying to impress anyone Your post per day average went up 2 posts per day inside 24 hours. You obviously have a need to make yourself heard.

I love you're counting.  Is there a place to do that, or are you working it out?

FutureTheLeftWant wrote on Jul 15^th, 2022 at 2:55pm:

UnSubRocky wrote on Jul 15th, 2022 at 2:49pm: FutureTheLeftWant wrote on Jul 15th, 2022 at 7:44am: I post when I feel like it.  I'm not trying to impress anyone Your post per day average went up 2 posts per day inside 24 hours. You obviously have a need to make yourself heard. I love you're counting.  Is there a place to do that, or are you working it out?

I have an obsession with statistics. Cricket, league, climate, and forum posts. If I see that a forum user has more than 10 posts per day after being registered here for a year, I figure that the user has no life. If you took a year off posting here, your post per day will not fall under 10. You already look like you have no life.

UnSubRocky wrote on Jul 15^th, 2022 at 3:55pm:

I love you're counting.  Is there a place to do that, or are you working it out?

just click on the persons name and it'll take you to their profile page where you'll see their stats

this is unsubs

https://www.ozpolitic.com/forum/YaBB.pl?action=viewprofile;username=WorldSacred

UnSubRocky wrote on Jul 15^th, 2022 at 2:49pm:

FutureTheLeftWant wrote on Jul 15th, 2022 at 7:44am: I post when I feel like it.  I'm not trying to impress anyone Your post per day average went up 2 posts per day inside 24 hours. You obviously have a need to make yourself heard.

Well - nobody really listens to him so he has to make it up somehow.... better to sit back and watch as he runs in smaller and smaller circles...

Jovial Monk wrote on Jul 14^th, 2022 at 11:27pm:

Idiotically high CEO salaries seem to be partly paid for by stealing wages and putting workers on zero hour contract etc.

What makes you think that?


Quote:

No you don't, you said: "when you put champions in charge, we all benefit. which is obviously incorrect, because as  the 'World in Crisis' guotes revealed,  inequality has been soaring since the 80' s while  these "champions have been in charge".

Just because you can find some other moron on the internet sprouting the same crap does not make it true.

freediver wrote on Jul 15^th, 2022 at 5:14pm:

Just because you can find some other moron on the internet sprouting the same crap does not make it true.

You pronouncing on what is "crap", LOL.

The academically qualified contributors to "The World in Crisis" article deserve consideration.

Hence as always you can't debate the issues, preferring a weak-minded evasion such as "I choose not to reply", ie, when you are not being an outright fraud, eg #24 in the  'privatization' thread.   

Quote:

The academically qualified contributors to "The World in Crisis" article deserve consideration.

How would we know? All we have is you dribbling crap and pretending it is them. Do you want us to read what they wrote so we can make your argument for you?

QANTAS... gotta fly QANTAS ......... flight attendants zero hours..... baggage handlers zero hours... flight crews zero hours... high flying poofs 1 hour for 132 times salary... pretending to be managing the ship of ghosts while it goes down...

Good work if you can get it.....

freediver wrote on Jul 15^th, 2022 at 6:22pm:

Quote: The academically qualified contributors to "The World in Crisis" article deserve consideration. How would we know? All we have is you dribbling crap and pretending it is them. Do you want us to read what they wrote so we can make your argument for you?

Your lack of analytical skills is egregious; educating you is a tough assignment, to say the least. .

1. Everyone -  except blind Conservative ideologues -  knows extreme inequality causes social instability.

2. The scholarly article confirmed that inequality has been increasing since the 80's after the Thatcher and Reagan neoliberal era became entrenched.   

3. I want you to read "The World in Crisis" , so that you can learn about the causes and effects of inequality.

4. Given your lack of analytical ability, as demonstrated in your statement  above,   you are not capable of making a sound argument for anyone, least of all me.   

Quote:

The scholarly article confirmed

;D

This is the giveaway that you are full of crap and would not even know how to check for yourself.

freediver wrote on Jul 15^th, 2022 at 5:14pm:

Jovial Monk wrote on Jul 14th, 2022 at 11:27pm: Idiotically high CEO salaries seem to be partly paid for by stealing wages and putting workers on zero hour contract etc. What makes you think that? Quote: No you don't, you said: "when you put champions in charge, we all benefit. which is obviously incorrect, because as  the 'World in Crisis' guotes revealed,  inequality has been soaring since the 80' s while  these "champions have been in charge". Just because you can find some other moron on the internet sprouting the same crap does not make it true.

Because wage theft, crap like zero hour contracts etc have zoomed, or have you not noticed? Try going through life with both eyes open.