Dnarever wrote on Apr 25^th, 2015 at 11:40am:


.....a bigger share for doing less is increased productivity.  Productivity is declining.  If it was increasing, the workers pie (everyone's piece) would be getting bigger. 

The share of the worker's and everyone's pie is heading off-shore because the unions and its political arm the Labor party are pricing labour out of the domestic 'market.  Have done for years.  Buying a standard of living on debt and anti-competition.  Now we are paying (well borrowing) for it.

That's why manufacturing has allbut shut down and left the building and you dopey specimens are trying to blame the Coalition?

The bosses, well they'll just head off shore too and take their capital with them.  Then the workers will have no cake to eat at all.

Swagman wrote on Apr 25^th, 2015 at 12:56pm:


.....a bigger share for doing less is increased productivity.


Not when they are just taking the bigger shear from someone else.

Productivity is declining.  If it was increasing, the workers pie (everyone's piece) would be getting bigger. 


Yes the pie is increasing the problem is that one group are taking virtually all the increases. They are pie pigs.

crocodile wrote on Apr 25^th, 2015 at 2:20pm:


Yes don't let the facts get in the way of a good fairy tale there Rhino Old Bean.....  

crocodile wrote on Apr 25^th, 2015 at 2:20pm:


....tactics that increase productivity (such as Workchoices) are nary popular vote buyers in our ochlocracy? 

Killed off by 'fairy tales', misinformation and propaganda campaigns by the ACTU and its political hacks in the Labor party. 

Shooting themselves in the foot (and hamstringing Australia) at every turn....

Quote:


Swagman wrote on Apr 26^th, 2015 at 10:25am:


.....didn't take long for one to manifest.   

Bam wrote on Apr 26^th, 2015 at 11:17am:


...obviously the more one contributes to the pie then the bigger the piece one earns.

If one stands still, or walks, then those that are running will get further ahead. 

Swagman wrote on Apr 26^th, 2015 at 10:25am:
that is the facts, backed by the chart the idiot posted.

Swagman wrote on Apr 26^th, 2015 at 11:34am:



So the sooner we get full employment going again and a fair go for all, and stabilise revenue by taxing offshored companies, rich dicks, and business the way they used to be - we'll be OK?

Exit Tax on offshored jobs....

Swagman wrote on Apr 26^th, 2015 at 10:25am:


Not quite Swaggie, but at least you are being savvy enough to realise that declining productivity will eventually manifest itself in declining living standards.

The graphs from the previous post show productivity growth rather than productivity itself. This is intentional as graphing only productivity gives an illusion that growth is better than it really is. If you want to extract productivity figures from the growth chart you will need to take the definite integral of the curve.

You will see that growth in productivity on the labour side is still in positive territory at between 1 to 2% pa. Conversely, multifactor productivity is decidedly negative and trending lower in a rather worrisome decline. Since multifactor productivity is the summation of both labour and capital productivity it is clear that the greatest decline in productivity is in the capital side of the equation. The notion that workchoices has or could have a major effect on multifactor productivity doesn't really stand up to scrutiny.

What this actually means is that business is in fact making good use of changing technology and making it available to the workforce as the labour productivity figures demonstrate. The issue is that the same returns are not being found for each dollar of capital input.

This points to long term failures in policy. Misallocation of fixed capital into non productive asset classes, declining investment in R&D and declining investment in public infrastructure.