Australian Politics Forum - Gillard: we won't have $2/day workers

Dsmithy70 Gold Member Offline ire futuis vobismetipsis Posts: 13147 Newy Gender:	Re: Gillard: we won't have $2/day workers Reply #15 - Sep 5^th, 2012 at 2:12pm I look forward to you scanning next weeks payslip on here & your proud boast that you'll work for a $1.45 p/hour Maqqa. Not $2 like those leeches in the mines.
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Andrei.Hicks Gold Member Offline Australian Politics Posts: 23818 Carlsbad, CA Gender:	Re: Gillard: we won't have $2/day workers Reply #16 - Sep 5^th, 2012 at 2:20pm The market should always decide salaries without exception. It is the best indicator there is. That's why we adhere to Market Capitalism smithy. If its $2 then so be it.
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Prevailing Gold Member Offline Australian Politics Posts: 7169 Stop Men	Re: Gillard: we won't have $2/day workers Reply #17 - Sep 5^th, 2012 at 2:26pm I bet the idiots in the communist central planning committees are seriously talking about $2.00 day workers...
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Dsmithy70

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Re: Gillard: we won't have $2/day workers
Reply #18 - Sep 5^th, 2012 at 2:29pm

Andrei.Hicks wrote on Sep 5^th, 2012 at 2:20pm:

The market should always decide salaries without exception.

It is the best indicator there is.

That's why we adhere to Market Capitalism smithy.

If its $2 then so be it.

We don't adhere to market capitalism Andrei
We sight it when it suits the argument & ignore it when it doesn't.
GFC is the perfect example, privatising profits/socialising losses.
Market capitalism would have seen the weak/greedy go under & the strong/clever survive with new enterprises now being started.

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REBELLION is not what most people think it is.
REBELLION is when you turn off the TV & start educating & thinking for yourself.
Gavin Nascimento

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Prevailing Gold Member Offline Australian Politics Posts: 7169 Stop Men	Re: Gillard: we won't have $2/day workers Reply #19 - Sep 5^th, 2012 at 2:29pm We all know the free market is a myth - the market does not set rates and conditions...the idiot communist central planning committees do in the corporations and bureaucracy...
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Maqqa

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14% - that low?!

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Re: Gillard: we won't have $2/day workers
Reply #20 - Sep 5^th, 2012 at 2:30pm

Dsmithy70 wrote on Sep 5^th, 2012 at 2:12pm:

I look forward to you scanning next weeks payslip on here & your proud boast that you'll work for a $1.45 p/hour Maqqa.
Not $2 like those leeches in the mines.

What's that got to do with it

Gina's making the point about return on capital

It's simple mathematics - profit = Revenue minus Expenses

If Expenses like labour is lower in African states and the revenue is the same for the same product then you are going to get a higher return

It's okay for you to pontificate your social ideals with other people's money

Facts are while they get paid $2/day - it's still $2 more than what they would get if there were no foreign investments

Every developing country goes through this. China went through this 20 years ago. So has India and now the other South East Asian countries are getting in on the act

Nike is now made in Vietnam

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Bill 14% is not the alcohol content of that wine. It's your poll number

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Prevailing Gold Member Offline Australian Politics Posts: 7169 Stop Men	Re: Gillard: we won't have $2/day workers Reply #21 - Sep 5^th, 2012 at 2:35pm There is nothing to say Australia's mining cannot be publicly owned and taken from Gina...and her African mining operations heavily taxed...
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Gist

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Re: Gillard: we won't have $2/day workers
Reply #22 - Sep 5^th, 2012 at 2:39pm

Maqqa wrote on Sep 5^th, 2012 at 2:30pm:

Dsmithy70 wrote on Sep 5^th, 2012 at 2:12pm:

I look forward to you scanning next weeks payslip on here & your proud boast that you'll work for a $1.45 p/hour Maqqa.
Not $2 like those leeches in the mines.

What's that got to do with it

Gina's making the point about return on capital

It's simple mathematics - profit = Revenue minus Expenses

If Expenses like labour is lower in African states and the revenue is the same for the same product then you are going to get a higher return

It's okay for you to pontificate your social ideals with other people's money

Facts are while they get paid $2/day - it's still $2 more than what they would get if there were no foreign investments

Every developing country goes through this. China went through this 20 years ago. So has India and now the other South East Asian countries are getting in on the act

Nike is now made in Vietnam

But it isn't just about wages. For example:

Does the country have established infrastructure or does the mine have to build roads, ports, railways as well?
Are the citizens reasonably well educated or will the mine need to teach them to drive trucks/trains/ships?
Are well-qualified engineers locally available or will they need to be shipped in from overseas at high expense and with difficulty?
Does the country have a stable parliament or is there a risk that civil war or other civil unrest will force the mine to be closed?

There would be others but you get the drift. In other words, it ain't just about wages but also ancilliary costs and above all RISK.

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Dsmithy70

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Re: Gillard: we won't have $2/day workers
Reply #23 - Sep 5^th, 2012 at 2:57pm

Maqqa wrote on Sep 5^th, 2012 at 2:30pm:

Dsmithy70 wrote on Sep 5^th, 2012 at 2:12pm:

I look forward to you scanning next weeks payslip on here & your proud boast that you'll work for a $1.45 p/hour Maqqa.
Not $2 like those leeches in the mines.

What's that got to do with it

Gina's making the point about return on capital

It's simple mathematics - profit = Revenue minus Expenses

If Expenses like labour is lower in African states and the revenue is the same for the same product then you are going to get a higher return

It's okay for you to pontificate your social ideals with other people's money

Facts are while they get paid $2/day - it's still $2 more than what they would get if there were no foreign investments

Every developing country goes through this. China went through this 20 years ago. So has India and now the other South East Asian countries are getting in on the act

Nike is now made in Vietnam

And yet on another thread you will blame Gillard for retail figures.
Bitch that we don't have a credit drunk populace as before the GFC.
Yet here you are arguing for wage reductions, what does talk of wage reductions do for consumer confidence.

You & the liberal party need to find a coherent argument, oh that's right you don't need one your going to win on the back of an angry populace whipped into a frenzy by 3 word slogans.

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« Last Edit: Sep 5^th, 2012 at 3:06pm by Dsmithy70 »

REBELLION is not what most people think it is.
REBELLION is when you turn off the TV & start educating & thinking for yourself.
Gavin Nascimento

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Prevailing Gold Member Offline Australian Politics Posts: 7169 Stop Men	Re: Gillard: we won't have $2/day workers Reply #24 - Sep 5^th, 2012 at 3:00pm Lets face it, its not a genuine economy, its a carefully planned economy by faceless unelected communist committees...free market my 'rse...I inform everyone I meet about this...people are waking up, the truth is spreading...nothing can stop it....
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adelcrow Gold Member Offline Australian Politics Posts: 20133 everywhere Gender:	Re: Gillard: we won't have $2/day workers Reply #25 - Sep 5^th, 2012 at 3:10pm If the Conservatives want to work for $2 a day they should move to a third world country..theres plenty out there to choose from so..bye bye
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Ex Dame Pansi Gold Member Offline Australian Politics Posts: 24168	Re: Gillard: we won't have $2/day workers Reply #26 - Sep 5^th, 2012 at 3:16pm It's a pity Gina doesn't get her butt to Africa and stay there, she'd cause another famine though. Maybe she has early onset Alzheimer's, she's coming out with some doozies. The mining bust is getting to her ha ha She must be worried about where her next meal is coming from.
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adelcrow

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Re: Gillard: we won't have $2/day workers
Reply #27 - Sep 5^th, 2012 at 3:25pm

Ex Dame Pansi wrote on Sep 5^th, 2012 at 3:16pm:

It's a pity Gina doesn't get her butt to Africa and stay there, she'd cause another famine though.

Maybe she has early onset Alzheimer's, she's coming out with some doozies.

The mining bust is getting to her ha ha

She must be worried about where her next meal is coming from.

Gina's business is so weighed down with debt that if iron ore prices drop below "boom prices" shes buggered.
Gina is todays Alan Bond and the slow down in China is beginning to effect debt laden "fair weather" businesses like Ginas and Twiggys.

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Go the Bunnies

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adelcrow Gold Member Offline Australian Politics Posts: 20133 everywhere Gender:	Re: Gillard: we won't have $2/day workers Reply #28 - Sep 5^th, 2012 at 3:43pm A few years of Abbott and our wages and standard of living will be similar to third world Africa so Gina will get her wish
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Lynn

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Re: Gillard: we won't have $2/day workers
Reply #29 - Sep 5^th, 2012 at 3:53pm

Excuse me, this is what Ms Rinehart actually said:

Business as usual will not do, not when West African competitors can offer our biggest customers an average capital cost for a tonne of iron ore that’s $100 under the price offered by an emerging producer in the Pilbara. Furthermore, Africans want to work and its workers are willing to work for less than $2 per day. Such statistics make me worry for this country’s future.

Was she calling for a wage cut? No.

Back to your trees Simians.

Lynn

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