Australian Politics Forum - No Wage Growth Slows Spending, GDP Growth

philperth2010

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Re: No Wage Growth Slows Spending, GDP Growth
Reply #15 - Mar 8^th, 2019 at 7:12am

crocodile wrote on Mar 7^th, 2019 at 11:21pm:

philperth2010 wrote on Mar 7^th, 2019 at 5:58pm:

stunspore wrote on Mar 7^th, 2019 at 5:55pm:

I would find professional economists - like Saul - to be more credible than Croc.

A turd has more credibility than the reptile???

Grin

A bit of light reading for a fukkwit that doesn't understand what he babbles on about. It's only 64 pages. Have fun. It might pay you to read a textbook first so that you actually understand what productivity, labour, capital multi and total factor are and the reasons why they impact wages. It's probably beyond your infantesimal brain.

Still nothing to support your bullshit....Your opinion is worthless dickhead....Wages have remained stagnant and you blame the workers....You have no idea f@#k wit....Are you Gina Rinehart???

Roll Eyes

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If knowledge can create problems, it is not through ignorance that we can solve them.
Isaac Asimov (1920 - 1992)

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aquascoot

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Re: No Wage Growth Slows Spending, GDP Growth
Reply #16 - Mar 8^th, 2019 at 7:25am

unfortunately phil , you cant "complain" your way to the top.

theres is no job called "victim" or "angry entitled person" on seek.com.

i checked and they dont pay you for that sort of thing.

you could try it.

you could go to an employer and say that you are really good at complaining, you are capable of great anger and you have a cert 3 in entitlement.

they may put you on

your boss may give you a raise for these qualifications.

but i think its highly unlikely

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Bam

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Re: No Wage Growth Slows Spending, GDP Growth
Reply #17 - Mar 8^th, 2019 at 7:35am

crocodile wrote on Mar 7^th, 2019 at 11:21pm:

philperth2010 wrote on Mar 7^th, 2019 at 5:58pm:

stunspore wrote on Mar 7^th, 2019 at 5:55pm:

I would find professional economists - like Saul - to be more credible than Croc.

A turd has more credibility than the reptile???

Grin

A bit of light reading for a fukkwit that doesn't understand what he babbles on about. It's only 64 pages. Have fun. It might pay you to read a textbook first so that you actually understand what productivity, labour, capital multi and total factor are and the reasons why they impact wages. It's probably beyond your infantesimal brain.

Economics textbook, you say? Economics isn't really a science. It's as much a vehicle for ideological indoctrination as it is a science.

It's often incorrect. Economic theory didn't predict stagflation. It didn't predict the Depression. It asserts that NAIRU is necessary when there are examples of inflation being kept under control with unemployment averaging below two per cent. The current economic orthodoxy is out of date with respect to current monetary practices. It asserts that perpetual economic growth on a finite planet is possible when mathematically it clearly isn't.

So you'll forgive me if I take economic theory with a grain of salt.

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You are not entitled to your opinion. You are only entitled to hold opinions that you can defend through sound, reasoned argument.

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crocodile

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Re: No Wage Growth Slows Spending, GDP Growth
Reply #18 - Mar 8^th, 2019 at 7:54am

philperth2010 wrote on Mar 8^th, 2019 at 7:12am:

crocodile wrote on Mar 7^th, 2019 at 11:21pm:

philperth2010 wrote on Mar 7^th, 2019 at 5:58pm:

stunspore wrote on Mar 7^th, 2019 at 5:55pm:

I would find professional economists - like Saul - to be more credible than Croc.

A turd has more credibility than the reptile???

Grin

A bit of light reading for a fukkwit that doesn't understand what he babbles on about. It's only 64 pages. Have fun. It might pay you to read a textbook first so that you actually understand what productivity, labour, capital multi and total factor are and the reasons why they impact wages. It's probably beyond your infantesimal brain.

Still nothing to support your bullshit....Your opinion is worthless dickhead....Wages have remained stagnant and you blame the workers....You have no idea f@#k wit....Are you Gina Rinehart???

Roll Eyes

Where have I stated that workers are to blame you illiterate knob.

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Very funny Scotty, now beam down my clothes.

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crocodile

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Re: No Wage Growth Slows Spending, GDP Growth
Reply #19 - Mar 8^th, 2019 at 8:14am

Bam wrote on Mar 8^th, 2019 at 7:35am:

crocodile wrote on Mar 7^th, 2019 at 11:21pm:

philperth2010 wrote on Mar 7^th, 2019 at 5:58pm:

stunspore wrote on Mar 7^th, 2019 at 5:55pm:

I would find professional economists - like Saul - to be more credible than Croc.

A turd has more credibility than the reptile???

Grin

A bit of light reading for a fukkwit that doesn't understand what he babbles on about. It's only 64 pages. Have fun. It might pay you to read a textbook first so that you actually understand what productivity, labour, capital multi and total factor are and the reasons why they impact wages. It's probably beyond your infantesimal brain.

Your little rant is factually incorrect.

Economics textbook, you say? Economics isn't really a science. It's as much a vehicle for ideological indoctrination as it is a science.

It's often incorrect. Economic theory didn't predict stagflation. It didn't predict the Depression.

It never has nor ever will be some kind of predictive crystal ball. You're misinformed. It looks at historical data and produces mathematical models based upon the data so that it can be understood why certain conditions prevail under a given set of circumstances. Stagflation was never predicted and nor was such a prediction attempted. Only post event analysis was undertaken.

It asserts that NAIRU is necessary when there are examples of inflation being kept under control with unemployment averaging below two per cent.

Misinformed again. NAIRU is simply a measure. No different to saying that today in Sydney it is 30 degrees. It is not a target nor is there any policy that keeps it within a certain range. Unemployment figures as you quote are entirely useless without participation rate data.

The current economic orthodoxy is out of date with respect to current monetary practices. It asserts that perpetual economic growth on a finite planet is possible when mathematically it clearly isn't.

Do you have any evidence of this assertion.

So you'll forgive me if I take economic theory with a grain of salt.

It's not my position to forgive anything. You're only guilty of being a poor misinformed sod.

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Very funny Scotty, now beam down my clothes.

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