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The Share Of The Pie For Workers Is Going Down (Read 5564 times)
Ex Dame Pansi
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Re: The Share Of The Pie For Workers Is Going Down
Reply #75 - Apr 27th, 2015 at 5:55pm
 
ImSpartacus2 wrote on Apr 27th, 2015 at 2:28pm:
Swagman wrote on Apr 27th, 2015 at 1:00pm:
Ex Dame Pansi wrote on Apr 27th, 2015 at 12:47pm:
COMMUNITY ANNOUNCEMENT


LABOUR DAY 2nd and 3rd MAY IN QLD


Let's not forget what the unions did for us. Labour Day will always be in May, regardless of Campbell Newman changing it to October in the hope that it will be forgotten..

Join in the march followed by fun and activities for the kids, food and drink available.

There's no need to RSVP, just turn up.

To find a Labour Day march near you


http://www.standforqld.com.au/labour_day_2015?utm_campaign=labour_day_2015&utm_m...


Isn't Pinko Day the 1st of May?
Yeah Pansi! Good pick up Swag. The first of May is a Friday and 2 and 3 May is the weekend. Looks to me like the QLD labor govt is screwing workers out of a public holiday. 




The public holiday would have been on Monday the 4th May.


The original Labour Day/May Day was the first Monday in May, Newman changed it to October because he thought that Labour Day was something to do with the Labor Party and he didn't want to be reminded of the good works that workers unions have done since their instigation in Qld like increased minimum wages and got better deals for workers. The silver spooner's hate that stuff.
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cods
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Re: The Share Of The Pie For Workers Is Going Down
Reply #76 - Apr 27th, 2015 at 5:59pm
 
Ex Dame Pansi wrote on Apr 27th, 2015 at 5:55pm:
ImSpartacus2 wrote on Apr 27th, 2015 at 2:28pm:
Swagman wrote on Apr 27th, 2015 at 1:00pm:
Ex Dame Pansi wrote on Apr 27th, 2015 at 12:47pm:
COMMUNITY ANNOUNCEMENT


LABOUR DAY 2nd and 3rd MAY IN QLD


Let's not forget what the unions did for us. Labour Day will always be in May, regardless of Campbell Newman changing it to October in the hope that it will be forgotten..

Join in the march followed by fun and activities for the kids, food and drink available.

There's no need to RSVP, just turn up.

To find a Labour Day march near you


http://www.standforqld.com.au/labour_day_2015?utm_campaign=labour_day_2015&utm_m...


Isn't Pinko Day the 1st of May?
Yeah Pansi! Good pick up Swag. The first of May is a Friday and 2 and 3 May is the weekend. Looks to me like the QLD labor govt is screwing workers out of a public holiday. 




The public holiday would have been on Monday the 4th May.


The original Labour Day/May Day was the first Monday in May, Newman changed it to October because he thought that Labour Day was something to do with the Labor Party and he didn't want to be reminded of the good works that workers unions have done since their instigation in Qld like increased minimum wages and got better deals for workers. The silver spooner's hate that stuff.



why is it ok to have a May Day march but not ok to have an ANZAC DAY march...??....

I guess the unions did lay down their lives didnt they? must have been when I wasnt looking,.
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Swagman
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Re: The Share Of The Pie For Workers Is Going Down
Reply #77 - Apr 27th, 2015 at 6:05pm
 
Ex Dame Pansi wrote on Apr 27th, 2015 at 5:55pm:
The public holiday would have been on Monday the 4th May



...

Grin
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Grappler Deep State Feller
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Re: The Share Of The Pie For Workers Is Going Down
Reply #78 - Apr 27th, 2015 at 6:26pm
 
cods wrote on Apr 27th, 2015 at 5:59pm:
Ex Dame Pansi wrote on Apr 27th, 2015 at 5:55pm:
ImSpartacus2 wrote on Apr 27th, 2015 at 2:28pm:
Swagman wrote on Apr 27th, 2015 at 1:00pm:
Ex Dame Pansi wrote on Apr 27th, 2015 at 12:47pm:
COMMUNITY ANNOUNCEMENT


LABOUR DAY 2nd and 3rd MAY IN QLD


Let's not forget what the unions did for us. Labour Day will always be in May, regardless of Campbell Newman changing it to October in the hope that it will be forgotten..

Join in the march followed by fun and activities for the kids, food and drink available.

There's no need to RSVP, just turn up.

To find a Labour Day march near you


http://www.standforqld.com.au/labour_day_2015?utm_campaign=labour_day_2015&utm_m...


Isn't Pinko Day the 1st of May?
Yeah Pansi! Good pick up Swag. The first of May is a Friday and 2 and 3 May is the weekend. Looks to me like the QLD labor govt is screwing workers out of a public holiday. 




The public holiday would have been on Monday the 4th May.


The original Labour Day/May Day was the first Monday in May, Newman changed it to October because he thought that Labour Day was something to do with the Labor Party and he didn't want to be reminded of the good works that workers unions have done since their instigation in Qld like increased minimum wages and got better deals for workers. The silver spooner's hate that stuff.



why is it ok to have a May Day march but not ok to have an ANZAC DAY march...??....

I guess the unions did lay down their lives didnt they? must have been when I wasnt looking,.



Cods - countless Union men and even 'socialists' and even 'communists' fought in the 2nd AIF - keep a firm grip on the railing..... you're slipping...
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“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”
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longweekend58
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Re: The Share Of The Pie For Workers Is Going Down
Reply #79 - Apr 27th, 2015 at 7:25pm
 
ImSpartacus2 wrote on Apr 27th, 2015 at 3:50pm:
crocodile wrote on Apr 27th, 2015 at 1:21pm:
ImSpartacus2 wrote on Apr 27th, 2015 at 9:02am:
crocodile wrote on Apr 26th, 2015 at 5:54pm:
John Smith wrote on Apr 26th, 2015 at 2:31pm:
Swagman wrote on Apr 26th, 2015 at 11:52am:
rhino wrote on Apr 26th, 2015 at 11:35am:
crocodile wrote on Apr 25th, 2015 at 2:20pm:
rhino wrote on Apr 25th, 2015 at 1:15pm:
Swagman wrote on Apr 25th, 2015 at 12:56pm:
Productivity is declining. 
Wrong. productivity is increasing and has done enormously since the 1980s.


Don't think so. You've been reading fairy tales.


http://www.ampcapital.com/AMPCapitalGlobal/media/contents/Blog/olivers-insights/...

In fact this is the primary reason for the shrinking pie. Productivity, especially capital productivity has been in serious decline for over fifteen years now with nary a word from our political geniuses. Multifactor has been in negative territory for seven long years now. Don't expect the share of the pie to grow any time soon.
Lol, your chart doesnt show productivity in decline. Idiot.


Go on?

What does it show then?

...and without pissing in his pocket, I might not agree totally with him all the tim but Croc is far from being an "idiot" and is one of this place's more 'balanced' and 'informative' posters.  Particularly on the subject of 'productivity'.  Huh    


it shows a decline in the rate of growth of productivity ... productivity growing at 1% might be growing slower than the 3.5% it was growing at 10 yrs ago, but it is still growing. (I'm limiting my comment to labor productivity because the thread is about the share for 'WORKERS')


John, unfortunately you have fallen into the same trap as Bam. Labour productivity, despite it's name is not a measure of personal effort. It is the measure of production per man hour. The main driver of this is the uptake of technology. It has little to do with personal effort.

You can't simply ignore capital productivity since it relates to the cost of the provision of technology and fixed operating costs.

A link for the claim you make that I highlighted please.And in particular for the claim you made earlier that the growth in labour productivity is more to do with technology and "little to do with personal effort".That's what I want a link to.   And while you're at it why dont you tell us why you're first year economics lecturers are saying that all Australia's ills come back to productivity and lets deal with this tripe you keep repeating here like a trained parrot. 


It was only a matter of time before the resident loudmouth chipped in. As usual, absolutely nothing to add to the discussion, just simply derision of other contributors who dare to point out the deficiencies in his utopian view of how the world is meant to work.

On top of that also has the gall to insist on finding for his lazy arsed self some basic literature that can be found in any decent macro-economics text book.

Any concept that poor old Sparty can't grasp apparently means too much listening to first year eco lecturers despite the fact that I'm 58 years old with the undergrad days well and truly long gone.

You are a prize tool. Do us all a favour, get stuffed and go buy yourself a textbook.

For all the good contributors to the forum you may find the introductory paper from Dr Kevin Stiroh from the Federal Reserve Bank at least edifying for a relatively short paper

http://app.ny.frb.org/research/epr/01v07n1/0103stir.pdf


No, as usual, you're being evasive, which tends to be a very good sign that you just repeated something you were told by rote without bothering to do any independent research to test it for in Aust the growth in labour productivity is more to do with technology and "little to do with personal effort".  A link please to the empirical evidence that that is in fact what occurred in Australia.  Impressionable as you are, I'm surprised that even you would have missed that since 2000 (at least) the amount of time that Australian workers have spent in the workplace has increased phenomenally even though wages have declined in real terms and average Australian workers have been doing many more hours of unpaid work and that's not saying anything about the marked increase in stress at work due to employers pressuring workers for higher and higher targets at work. 




the moment you said that wages are reducing in real terms was the moment you shot your own argument down and put the torch to it. Wages continue to RISE and real terms and have largely since the late 80s.  You don't have the foggiest idea what you are talking about
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John Smith
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Re: The Share Of The Pie For Workers Is Going Down
Reply #80 - Apr 27th, 2015 at 7:30pm
 
longweekend58 wrote on Apr 27th, 2015 at 7:25pm:
the moment you said that wages are reducing in real terms was the moment you shot your own argument down and put the torch to it. Wages continue to RISE and real terms and have largely since the late 80s.  You don't have the foggiest idea what you are talking about






Australian workers are going backwards after wage growth fell below inflation and plunged to its lowest in 17 years

''Wages have now moderated to under the inflation rate. This signals falling real wages,'' Mr Peters said.


http://www.smh.com.au/federal-politics/political-news/real-wages-growth-worst-in...

Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy
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crocodile
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Re: The Share Of The Pie For Workers Is Going Down
Reply #81 - Apr 27th, 2015 at 9:01pm
 
John Smith wrote on Apr 27th, 2015 at 7:30pm:
longweekend58 wrote on Apr 27th, 2015 at 7:25pm:
the moment you said that wages are reducing in real terms was the moment you shot your own argument down and put the torch to it. Wages continue to RISE and real terms and have largely since the late 80s.  You don't have the foggiest idea what you are talking about






Australian workers are going backwards after wage growth fell below inflation and plunged to its lowest in 17 years

''Wages have now moderated to under the inflation rate. This signals falling real wages,'' Mr Peters said.


http://www.smh.com.au/federal-politics/political-news/real-wages-growth-worst-in...

Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy


Yes it is true that real wages are falling. Except for the GFC period this wasn't generally the case although the rate of growth had slowed markedly. In recent times it has now dipped below the rate of inflation for all the reasons that I have shown. Wages growth had occurred from the 80's up until recently but unfortunately unabated total productivity decline since the late 90's is starting bite.

...
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Very funny Scotty, now beam down my clothes.
 
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ImSpartacus2
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Re: The Share Of The Pie For Workers Is Going Down
Reply #82 - Apr 27th, 2015 at 9:03pm
 
longweekend58 wrote on Apr 27th, 2015 at 7:25pm:
ImSpartacus2 wrote on Apr 27th, 2015 at 3:50pm:
crocodile wrote on Apr 27th, 2015 at 1:21pm:
ImSpartacus2 wrote on Apr 27th, 2015 at 9:02am:
crocodile wrote on Apr 26th, 2015 at 5:54pm:
John Smith wrote on Apr 26th, 2015 at 2:31pm:
Swagman wrote on Apr 26th, 2015 at 11:52am:
rhino wrote on Apr 26th, 2015 at 11:35am:
crocodile wrote on Apr 25th, 2015 at 2:20pm:
rhino wrote on Apr 25th, 2015 at 1:15pm:
Swagman wrote on Apr 25th, 2015 at 12:56pm:
Productivity is declining. 
Wrong. productivity is increasing and has done enormously since the 1980s.


Don't think so. You've been reading fairy tales.


http://www.ampcapital.com/AMPCapitalGlobal/media/contents/Blog/olivers-insights/...

In fact this is the primary reason for the shrinking pie. Productivity, especially capital productivity has been in serious decline for over fifteen years now with nary a word from our political geniuses. Multifactor has been in negative territory for seven long years now. Don't expect the share of the pie to grow any time soon.
Lol, your chart doesnt show productivity in decline. Idiot.


Go on?

What does it show then?

...and without pissing in his pocket, I might not agree totally with him all the tim but Croc is far from being an "idiot" and is one of this place's more 'balanced' and 'informative' posters.  Particularly on the subject of 'productivity'.  Huh    


it shows a decline in the rate of growth of productivity ... productivity growing at 1% might be growing slower than the 3.5% it was growing at 10 yrs ago, but it is still growing. (I'm limiting my comment to labor productivity because the thread is about the share for 'WORKERS')


John, unfortunately you have fallen into the same trap as Bam. Labour productivity, despite it's name is not a measure of personal effort. It is the measure of production per man hour. The main driver of this is the uptake of technology. It has little to do with personal effort.

You can't simply ignore capital productivity since it relates to the cost of the provision of technology and fixed operating costs.

A link for the claim you make that I highlighted please.And in particular for the claim you made earlier that the growth in labour productivity is more to do with technology and "little to do with personal effort".That's what I want a link to.   And while you're at it why dont you tell us why you're first year economics lecturers are saying that all Australia's ills come back to productivity and lets deal with this tripe you keep repeating here like a trained parrot. 


It was only a matter of time before the resident loudmouth chipped in. As usual, absolutely nothing to add to the discussion, just simply derision of other contributors who dare to point out the deficiencies in his utopian view of how the world is meant to work.

On top of that also has the gall to insist on finding for his lazy arsed self some basic literature that can be found in any decent macro-economics text book.

Any concept that poor old Sparty can't grasp apparently means too much listening to first year eco lecturers despite the fact that I'm 58 years old with the undergrad days well and truly long gone.

You are a prize tool. Do us all a favour, get stuffed and go buy yourself a textbook.

For all the good contributors to the forum you may find the introductory paper from Dr Kevin Stiroh from the Federal Reserve Bank at least edifying for a relatively short paper

http://app.ny.frb.org/research/epr/01v07n1/0103stir.pdf


No, as usual, you're being evasive, which tends to be a very good sign that you just repeated something you were told by rote without bothering to do any independent research to test it for in Aust the growth in labour productivity is more to do with technology and "little to do with personal effort".  A link please to the empirical evidence that that is in fact what occurred in Australia.  Impressionable as you are, I'm surprised that even you would have missed that since 2000 (at least) the amount of time that Australian workers have spent in the workplace has increased phenomenally even though wages have declined in real terms and average Australian workers have been doing many more hours of unpaid work and that's not saying anything about the marked increase in stress at work due to employers pressuring workers for higher and higher targets at work. 




the moment you said that wages are reducing in real terms was the moment you shot your own argument down and put the torch to it. Wages continue to RISE and real terms and have largely since the late 80s.  You don't have the foggiest idea what you are talking about
You know, not everyone is like you and believes that facts are something you can just simply make up. Most of us have a lot more self respect then that. 
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Dnarever
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Re: The Share Of The Pie For Workers Is Going Down
Reply #83 - Apr 27th, 2015 at 9:18pm
 
Vuk11 wrote on Apr 27th, 2015 at 4:34pm:
Dnarever wrote on Apr 27th, 2015 at 4:00pm:
Swagman wrote on Apr 27th, 2015 at 12:58pm:
No.  I don't agree with that at all.  In fact, it's the opposite.  Competition promotes innovation and efficiencies that reduces costs and increase reward. 



You need to separate economic theory from what actually happens in the real world. Privatisation seldom produces competition, mostly just changes who collects all the profits.


You can't have competition with state regulated monopolies be they private or state owned. The issue is the monopoly IMO.


Yes tell that to Crock.

However many areas of major service provision make terrible competitive models. Areas like power etc where more than 1 provider is inefficient ineffective and more costly in the end.
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Re: The Share Of The Pie For Workers Is Going Down
Reply #84 - Apr 27th, 2015 at 9:21pm
 
Swagman wrote on Apr 27th, 2015 at 6:05pm:
Ex Dame Pansi wrote on Apr 27th, 2015 at 5:55pm:
The public holiday would have been on Monday the 4th May



http://xeroshoes.com/wp-content/uploads/2013/05/MayThe4th.jpg

Grin


Star wars day should be a Public Holiday.

...
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crocodile
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Re: The Share Of The Pie For Workers Is Going Down
Reply #85 - Apr 27th, 2015 at 9:24pm
 
ImSpartacus2 wrote on Apr 27th, 2015 at 3:50pm:
No, as usual, you're being evasive, which tends to be a very good sign that you just repeated something you were told by rote without bothering to do any independent research to test it for yourself (if you're not still a schoolboy you certainly are behaving like one). That article you gave a link to does not say anything about studying what actually happened in Australian workplaces since, say, 2000, to determine whether working people had in fact put in more or less effort in the workplace, the extent of that extra effort (if any) and how that compared to increases in productivity due to technology.  Now are you going to provide a link that verifies your claim or not.  Now remember your words. You said that in Aust the growth in labour productivity is more to do with technology and "little to do with personal effort".  A link please to the empirical evidence that that is in fact what occurred in Australia.  Impressionable as you are, I'm surprised that even you would have missed that since 2000 (at least) the amount of time that Australian workers have spent in the workplace has increased phenomenally even though wages have declined in real terms and average Australian workers have been doing many more hours of unpaid work and that's not saying anything about the marked increase in stress at work due to employers pressuring workers for higher and higher targets at work. 




You really are an irritating tosser. This halfwit claims that I'm being evasive yet I've taken the trouble to explain the position consistently. What have you come up with big brains. Nothing but insults and no substance to any argument. The best you've come up with is that Australian workers are spending more time in the workplace. Obviously didn't research that one too well.

...

You're a first class clown sonny boy. Piss off and do some growing up. Better still hang around, It's quite enjoyable watching you make a complete jackass of yourself.

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Very funny Scotty, now beam down my clothes.
 
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crocodile
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Re: The Share Of The Pie For Workers Is Going Down
Reply #86 - Apr 27th, 2015 at 9:32pm
 
Dnarever wrote on Apr 27th, 2015 at 9:18pm:
Vuk11 wrote on Apr 27th, 2015 at 4:34pm:
Dnarever wrote on Apr 27th, 2015 at 4:00pm:
Swagman wrote on Apr 27th, 2015 at 12:58pm:
No.  I don't agree with that at all.  In fact, it's the opposite.  Competition promotes innovation and efficiencies that reduces costs and increase reward. 



You need to separate economic theory from what actually happens in the real world. Privatisation seldom produces competition, mostly just changes who collects all the profits.


You can't have competition with state regulated monopolies be they private or state owned. The issue is the monopoly IMO.


Yes tell that to Crock.

However many areas of major service provision make terrible competitive models. Areas like power etc where more than 1 provider is inefficient ineffective and more costly in the end.


I agree wholeheartedly with Vuk. It is the monopoly that is the problem.
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Very funny Scotty, now beam down my clothes.
 
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Grappler Deep State Feller
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Re: The Share Of The Pie For Workers Is Going Down
Reply #87 - Apr 28th, 2015 at 12:30am
 
crocodile wrote on Apr 27th, 2015 at 9:32pm:
Dnarever wrote on Apr 27th, 2015 at 9:18pm:
Vuk11 wrote on Apr 27th, 2015 at 4:34pm:
Dnarever wrote on Apr 27th, 2015 at 4:00pm:
Swagman wrote on Apr 27th, 2015 at 12:58pm:
No.  I don't agree with that at all.  In fact, it's the opposite.  Competition promotes innovation and efficiencies that reduces costs and increase reward. 



You need to separate economic theory from what actually happens in the real world. Privatisation seldom produces competition, mostly just changes who collects all the profits.


You can't have competition with state regulated monopolies be they private or state owned. The issue is the monopoly IMO.


Yes tell that to Crock.

However many areas of major service provision make terrible competitive models. Areas like power etc where more than 1 provider is inefficient ineffective and more costly in the end.


I agree wholeheartedly with Vuk. It is the monopoly that is the problem.



So the rises in costs following the de-monopolisation of power and roads etc - are not the problem... a problem with far-reaching consequences on upward pressure for wage rises accompanied by simultaneous lowering of the value of the dollar, and thus of the value of work?

How is upward pressure on costs of living and costs of wages not a problem, when it creates a never-ending spiral of pressure from both, and ends with the current situation we are beginning to enjoy here in Oz - of being 'uncompetitive' in a 'world market' of lowly paid serfs?

The end result of this is that, while for example Asian countries and people see our dollar as strong and our standard of living as strong - our real value of dollar and standard of living is declining due to the simple fact that it costs more Oz dollars to live here than it does there, and the only way to maintain a standard of real living and value for work for some is to - quite literally - abandon others for life, as has been occurring now for over thirty years.

I think we need to get rid of a lot of dead weight that has clogged up our utilities with their grasping hands caught firmly in the money chute....... one hell of a lot of dead weight that does nothing for us.
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“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”
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ImSpartacus2
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Re: The Share Of The Pie For Workers Is Going Down
Reply #88 - Apr 28th, 2015 at 10:14am
 
crocodile wrote on Apr 27th, 2015 at 9:24pm:
ImSpartacus2 wrote on Apr 27th, 2015 at 3:50pm:
No, as usual, you're being evasive, which tends to be a very good sign that you just repeated something you were told by rote without bothering to do any independent research to test it for yourself (if you're not still a schoolboy you certainly are behaving like one). That article you gave a link to does not say anything about studying what actually happened in Australian workplaces since, say, 2000, to determine whether working people had in fact put in more or less effort in the workplace, the extent of that extra effort (if any) and how that compared to increases in productivity due to technology.  Now are you going to provide a link that verifies your claim or not.  Now remember your words. You said that in Aust the growth in labour productivity is more to do with technology and "little to do with personal effort".  A link please to the empirical evidence that that is in fact what occurred in Australia.  Impressionable as you are, I'm surprised that even you would have missed that since 2000 (at least) the amount of time that Australian workers have spent in the workplace has increased phenomenally even though wages have declined in real terms and average Australian workers have been doing many more hours of unpaid work and that's not saying anything about the marked increase in stress at work due to employers pressuring workers for higher and higher targets at work. 




You really are an irritating tosser. This halfwit claims that I'm being evasive yet I've taken the trouble to explain the position consistently. What have you come up with big brains. Nothing but insults and no substance to any argument. The best you've come up with is that Australian workers are spending more time in the workplace. Obviously didn't research that one too well.

http://www.macrobusiness.com.au/wp-content/uploads/2012/02/ScreenHunter_06-Feb.-...

You're a first class clown sonny boy. Piss off and do some growing up. Better still hang around, It's quite enjoyable watching you make a complete jackass of yourself.

  First of all you will see that I did not put an argument to you but asked you to verify and provide a link to your claim that the growth in labour productivity in Australia has more to do with technology and "little to do with personal effort".You first tried to deflect that question by posting a very very long article that said nothing about the actual Australian, American or European experience re labour productivity and wages growth and now again you hurl heaps of insults but dont provide the link or any verification of your claim. That's called being evasive!!!!!   

As to your claim that you have "taken the trouble to explain your position consistently. I have asked to you tell us why you maintain that growth in labour productivity will "necessarily" result in wages growth (which I believe is your contention) and not be redirected to that new car the boss always wanted. And again you have not sought to explain that very vital link to your argument. which suggests to me that your not really confident in the position you are putting.  Do yourself a favour, next post do as you contend and actually explain your position, it will be useful to the debate. 

As to the graph I have to say that I have long been suspicious of the Bureau of Stats. , I don't trust that the Govts of the day don't pressure them to juggle their data to come up with certain results. Yes, yes I know what you will say but that's too bad (I have been sus of the Bureau for many years now.  Certainly that graph bears no relationship to my own personal experience and of all that I have heard my friends and colleagues and the wider community express over the last 5 to 7 years.

In 2013 Australia ranked ninth amongst OECD countries with an average working week for full-time employees of 42.8 hours. Way more then the US, Canada, the UK and most of Europe including Germany and Switzeland . Also Australians continue to ‘donate’ many hours of overtime amounting to millions of dollars in foregone pay and less time for themselves. On average full-time workers reported working six hours unpaid overtime each week and part-timers, three hours. This donated contribution adds up to 1.13 million hours or $2.1 billion – a week. The average worker donates $9,471 in unpaid overtime to their employers each year, which adds up to $109.8 billion across the workforce.3

Unpaid hours represent approximately 14.7 per cent of all hours worked. While this represents a large contribution of free labour, it also exceeds the hours required to find employment for Australians looking for work. If these donated hours were allocated to and paid to Australians looking for work the unemployment rate could be zero rather than 6.2 per cent.


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Re: The Share Of The Pie For Workers Is Going Down
Reply #89 - Apr 28th, 2015 at 11:10am
 
Dnarever wrote on Apr 27th, 2015 at 9:18pm:
Vuk11 wrote on Apr 27th, 2015 at 4:34pm:
Dnarever wrote on Apr 27th, 2015 at 4:00pm:
Swagman wrote on Apr 27th, 2015 at 12:58pm:
No.  I don't agree with that at all.  In fact, it's the opposite.  Competition promotes innovation and efficiencies that reduces costs and increase reward. 



You need to separate economic theory from what actually happens in the real world. Privatisation seldom produces competition, mostly just changes who collects all the profits.


You can't have competition with state regulated monopolies be they private or state owned. The issue is the monopoly IMO.


Yes tell that to Crock.

However many areas of major service provision make terrible competitive models. Areas like power etc where more than 1 provider is inefficient ineffective and more costly in the end.


Interestingly enough the myth of natural monopolies seems to have been developed by politiciams first and observations have shown otherwise with the ability to buy shares of a whole, compete for contracts and offer alternatives.

It would be worth checking out for those interested in truth and consistency....I would also point out that dealing with "natural monopolies" would be up to R&D teams and business planners. We can't know what innovations are possible if people are free to pursue alternatives.

Water is a good example where besides pipes/extra pipes people have been known to build water towers, rain water tanks and even truck water in quite cheaply. I wouldn't underestimate the creativity of billions of people.
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