Australian Politics Forum - Trickle Down Economics = Wage Rises For Everyone

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Trickle Down Economics = Wage Rises For Everyone
Aug 10^th, 2017 at 4:01pm

Rally over? Australian dollar in broad-based retreat

http://www.smh.com.au/business/markets/currencies/rally-over-australian-dollar-i...

A weaker dollar means businesses will sell more, more tourists, more tax income for government ... this extra cash can be passed on as higher wages and finally an increase to the unemployment benefits.
Don't you love trickle down economics.

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crocodile

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Re: Trickle Down Economics = Wage Rises For Everyone
Reply #1 - Aug 10^th, 2017 at 7:17pm

____ wrote on Aug 10^th, 2017 at 4:01pm:

Rally over? Australian dollar in broad-based retreat

http://www.smh.com.au/business/markets/currencies/rally-over-australian-dollar-i...

A weaker dollar means businesses will sell more, more tourists, more tax income for government ... this extra cash can be passed on as higher wages and finally an increase to the unemployment benefits.
Don't you love trickle down economics.

It doesn't quite work that way. Never has, never will. Wages growth is a factor of total productivity growth.

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Very funny Scotty, now beam down my clothes.

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Its time

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Re: Trickle Down Economics = Wage Rises For Everyone
Reply #2 - Aug 10^th, 2017 at 7:44pm

crocodile wrote on Aug 10^th, 2017 at 7:17pm:

____ wrote on Aug 10^th, 2017 at 4:01pm:

Rally over? Australian dollar in broad-based retreat

http://www.smh.com.au/business/markets/currencies/rally-over-australian-dollar-i...

A weaker dollar means businesses will sell more, more tourists, more tax income for government ... this extra cash can be passed on as higher wages and finally an increase to the unemployment benefits.
Don't you love trickle down economics.

It doesn't quite work that way. Never has, never will. Wages growth is a factor of total productivity growth.

And how does the employee fix that ?

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Dnarever Gold Member Offline Australian Politics Posts: 60931 Here Gender:	Re: Trickle Down Economics = Wage Rises For Everyone Reply #3 - Aug 10^th, 2017 at 7:57pm Trickle down - a visit to a fictitious past.
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Dnarever

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Re: Trickle Down Economics = Wage Rises For Everyone
Reply #4 - Aug 10^th, 2017 at 8:00pm

____ wrote on Aug 10^th, 2017 at 4:01pm:

Rally over? Australian dollar in broad-based retreat

http://www.smh.com.au/business/markets/currencies/rally-over-australian-dollar-i...

A weaker dollar means businesses will sell more, more tourists, more tax income for government ... this extra cash can be passed on as higher wages and finally an increase to the unemployment benefits.
Don't you love trickle down economics.

A weaker dollar means businesses will sell more

A weaker Dollar means that imported goods will cost more which is passed on to the consumer in higher prices meaning that business will sell less ????

Over the last few decades we have seen that increased profit does not necessarily lead to wage increases.

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crocodile

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Re: Trickle Down Economics = Wage Rises For Everyone
Reply #5 - Aug 10^th, 2017 at 8:07pm

Its time wrote on Aug 10^th, 2017 at 7:44pm:

crocodile wrote on Aug 10^th, 2017 at 7:17pm:

____ wrote on Aug 10^th, 2017 at 4:01pm:

Rally over? Australian dollar in broad-based retreat

http://www.smh.com.au/business/markets/currencies/rally-over-australian-dollar-i...

A weaker dollar means businesses will sell more, more tourists, more tax income for government ... this extra cash can be passed on as higher wages and finally an increase to the unemployment benefits.
Don't you love trickle down economics.

It doesn't quite work that way. Never has, never will. Wages growth is a factor of total productivity growth.

And how does the employee fix that ?

Re-skilling with technology growth or promotion opportunities.

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Very funny Scotty, now beam down my clothes.

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crocodile

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Re: Trickle Down Economics = Wage Rises For Everyone
Reply #6 - Aug 10^th, 2017 at 8:13pm

Dnarever wrote on Aug 10^th, 2017 at 8:00pm:

____ wrote on Aug 10^th, 2017 at 4:01pm:

Rally over? Australian dollar in broad-based retreat

http://www.smh.com.au/business/markets/currencies/rally-over-australian-dollar-i...

A weaker dollar means businesses will sell more, more tourists, more tax income for government ... this extra cash can be passed on as higher wages and finally an increase to the unemployment benefits.
Don't you love trickle down economics.

A weaker dollar means businesses will sell more

A weaker Dollar means that imported goods will cost more which is passed on to the consumer in higher prices meaning that business will sell less ????

Exports volumes would increase though.

Over the last few decades we have seen that increased profit does not necessarily lead to wage increases.

Increased profits always lead to growth in real wages as long as total factor productivity grows as well.

Wages do not grow without productivity.

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Very funny Scotty, now beam down my clothes.

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juliar

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Re: Trickle Down Economics = Wage Rises For Everyone
Reply #7 - Aug 10^th, 2017 at 8:43pm

They are talking about the AUD/USD which is a relation between the 2 currencies.

At the moment the USD is rallying due to Pres Trump's success with increasing jobs while the AUD is fairly steady based on confidence in Mal's financial genius.

Also Trump's strong stand against Nth Korea is reassuring the world.

No doubt the Croc will be quick to pluck some graphs from the ether.

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Dnarever

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Re: Trickle Down Economics = Wage Rises For Everyone
Reply #8 - Aug 10^th, 2017 at 8:52pm

crocodile wrote on Aug 10^th, 2017 at 8:13pm:

Dnarever wrote on Aug 10^th, 2017 at 8:00pm:

____ wrote on Aug 10^th, 2017 at 4:01pm:

Rally over? Australian dollar in broad-based retreat

http://www.smh.com.au/business/markets/currencies/rally-over-australian-dollar-i...

A weaker dollar means businesses will sell more, more tourists, more tax income for government ... this extra cash can be passed on as higher wages and finally an increase to the unemployment benefits.
Don't you love trickle down economics.

A weaker dollar means businesses will sell more

A weaker Dollar means that imported goods will cost more which is passed on to the consumer in higher prices meaning that business will sell less ????

Exports volumes would increase though.

Over the last few decades we have seen that increased profit does not necessarily lead to wage increases.

Increased profits always lead to growth in real wages as long as total factor productivity grows as well.

Wages do not grow without productivity.

Exports volumes would increase though.

Yes Australian product would be cheaper in other countries while our market is depressed.

Increased profits always lead to growth in real wages as long as total factor productivity grows as well.

Wages do not grow without productivity.

Not so much when government policy is to depress wages and to fight for poor wage outcomes while strongly encouraging employers to keep wage increases in check.

Reality V economic theory

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____

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Re: Trickle Down Economics = Wage Rises For Everyone
Reply #9 - Aug 10^th, 2017 at 8:57pm

juliar wrote on Aug 10^th, 2017 at 8:43pm:

They are talking about the AUD/USD which is a relation between the 2 currencies.

At the moment the USD is rallying due to Pres Trump's success with increasing jobs while the AUD is fairly steady based on confidence in Mal's financial genius.

Also Trump's strong stand against Nth Korea is reassuring the world.

No doubt the Croc will be quick to pluck some graphs from the ether.

Down across multiple currencies. Not just the US$.

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crocodile

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Re: Trickle Down Economics = Wage Rises For Everyone
Reply #10 - Aug 10^th, 2017 at 9:17pm

Dnarever wrote on Aug 10^th, 2017 at 8:52pm:

crocodile wrote on Aug 10^th, 2017 at 8:13pm:

Dnarever wrote on Aug 10^th, 2017 at 8:00pm:

____ wrote on Aug 10^th, 2017 at 4:01pm:

Rally over? Australian dollar in broad-based retreat

http://www.smh.com.au/business/markets/currencies/rally-over-australian-dollar-i...

A weaker dollar means businesses will sell more, more tourists, more tax income for government ... this extra cash can be passed on as higher wages and finally an increase to the unemployment benefits.
Don't you love trickle down economics.

A weaker dollar means businesses will sell more

A weaker Dollar means that imported goods will cost more which is passed on to the consumer in higher prices meaning that business will sell less ????

Exports volumes would increase though.

Over the last few decades we have seen that increased profit does not necessarily lead to wage increases.

Increased profits always lead to growth in real wages as long as total factor productivity grows as well.

Wages do not grow without productivity.

Exports volumes would increase though.

Yes Australian product would be cheaper in other countries while our market is depressed.

Increased profits always lead to growth in real wages as long as total factor productivity grows as well.

Wages do not grow without productivity.

Not so much when government policy is to depress wages and to fight for poor wage outcomes while strongly encouraging employers to keep wage increases in check.

Reality V economic theory

Horseshit. If firms want to invest in their businesses and grow productivity there is sweet fukk all any gummint policy can do about it.

Reality is that productivity is well down, especially on the capital side. That is the reason why wages growth is subdued.

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Very funny Scotty, now beam down my clothes.

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Sir Grappler Truth Teller OAM Gold Member Offline Australian Politics Posts: 89382 Proud Old White Australian Man Gender:	Re: Trickle Down Economics = Wage Rises For Everyone Reply #11 - Aug 10^th, 2017 at 9:56pm falls about laughing at the headline juliar couldn't do any better than that.....
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Sir Grappler Truth Teller OAM

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Re: Trickle Down Economics = Wage Rises For Everyone
Reply #12 - Aug 10^th, 2017 at 9:59pm

crocodile wrote on Aug 10^th, 2017 at 7:17pm:

____ wrote on Aug 10^th, 2017 at 4:01pm:

Rally over? Australian dollar in broad-based retreat

http://www.smh.com.au/business/markets/currencies/rally-over-australian-dollar-i...

A weaker dollar means businesses will sell more, more tourists, more tax income for government ... this extra cash can be passed on as higher wages and finally an increase to the unemployment benefits.
Don't you love trickle down economics.

It doesn't quite work that way. Never has, never will. Wages growth is a factor of total productivity growth.

So the only productivity that will grow and trickle-up will be the incomes of the fat cats who run the show? And one day their coffers will overflow and money will cascade down like Niagara Falls to the desperate peasants dying of thirst below?

Don't make me laugh..... if theory economics was so successful, we would all have been in clover 5000 hockey sticks ago....

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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.”
― John Adams

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Dnarever

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Re: Trickle Down Economics = Wage Rises For Everyone
Reply #13 - Aug 10^th, 2017 at 10:21pm

juliar wrote on Aug 10^th, 2017 at 8:43pm:

They are talking about the AUD/USD which is a relation between the 2 currencies.

At the moment the USD is rallying due to Pres Trump's success with increasing jobs while the AUD is fairly steady based on confidence in Mal's financial genius.

Also Trump's strong stand against Nth Korea is reassuring the world.

No doubt the Croc will be quick to pluck some graphs from the ether.

At the moment the USD is rallying due to Pres Trump's success with increasing jobs while the AUD is fairly steady based on confidence in Mal's financial genius.

Actually the USD is down and this fact has more to do with the US market results than anything that Trump has done according to US economists.

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Dnarever

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Re: Trickle Down Economics = Wage Rises For Everyone
Reply #14 - Aug 10^th, 2017 at 10:29pm

crocodile wrote on Aug 10^th, 2017 at 9:17pm:

Dnarever wrote on Aug 10^th, 2017 at 8:52pm:

crocodile wrote on Aug 10^th, 2017 at 8:13pm:

Dnarever wrote on Aug 10^th, 2017 at 8:00pm:

____ wrote on Aug 10^th, 2017 at 4:01pm:

Rally over? Australian dollar in broad-based retreat

http://www.smh.com.au/business/markets/currencies/rally-over-australian-dollar-i...

A weaker dollar means businesses will sell more, more tourists, more tax income for government ... this extra cash can be passed on as higher wages and finally an increase to the unemployment benefits.
Don't you love trickle down economics.

A weaker dollar means businesses will sell more

A weaker Dollar means that imported goods will cost more which is passed on to the consumer in higher prices meaning that business will sell less ????

Exports volumes would increase though.

Over the last few decades we have seen that increased profit does not necessarily lead to wage increases.

Increased profits always lead to growth in real wages as long as total factor productivity grows as well.

Wages do not grow without productivity.

Exports volumes would increase though.

Yes Australian product would be cheaper in other countries while our market is depressed.

Increased profits always lead to growth in real wages as long as total factor productivity grows as well.

Wages do not grow without productivity.

Not so much when government policy is to depress wages and to fight for poor wage outcomes while strongly encouraging employers to keep wage increases in check.

Reality V economic theory

Horseshit. If firms want to invest in their businesses and grow productivity there is sweet fukk all any gummint policy can do about it.

Reality is that productivity is well down, especially on the capital side. That is the reason why wages growth is subdued.

What rubbish - it the government are saying to company management that it is ok and even expected that they will keep all those lovely $$$$$ instead of giving it to those miserable employees (which they are)

Quote:

If firms want to invest in their businesses and grow productivity there is sweet fukk all any gummint policy can do about it.

Nobody said any different, the difference is in the outcome where this magically results in higher wages even when wage increases are strongly discouraged. The fact is that government helping business to justify keeping more money for themselves as they have been is difficult to resist.

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