Australian Politics Forum - Australian industry: High cost, low productivity

freediver

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Re: Australian industry: High cost, low productivity
Reply #15 - Aug 13^th, 2024 at 9:17pm

aquascoot wrote on Aug 13^th, 2024 at 3:21pm:

freediver wrote on Aug 13^th, 2024 at 2:44pm:

Quote:

High cost, low productivity

We get paid a lot for doing bugger all. Sounds like success to me.

lol

thats why your grandkids will never own a home Cry

I'm serious. Do you really want to be better than the Chinese at breaking your back for 50c a day?

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Re: Australian industry: High cost, low productivity
Reply #16 - Aug 13^th, 2024 at 9:18pm

Bobby. wrote on Aug 13^th, 2024 at 7:23pm:

Laugh till you cry wrote on Aug 13^th, 2024 at 6:07pm:

Bobby. wrote on Aug 13^th, 2024 at 3:31pm:

The POMs were silly -
after spending 100s of years building up an empire that gave us all the Commonwealth -
they threw it all away to join the EU.
their standard of living went down -
the average British family could no longer afford a Sunday roast dinner of Australian or NZ lamb etc. -
they had only bangers and mash and lived like Steptoe and Son.

I worked in the UK 1977-1979. It was a terrible place with poverty and rubbish blowing about on the streets.

UK families could not afford roast dinners of any kind, including road kill.

That's not what I was told in 1985.
The average POM hated the EU -
they couldn't afford the prices any more.

Australia and NZ lost a hell of a lot of our exports due to the EU -
the EU put large tariffs on our products.
Brexit eventually got the POMs out of the EU after they realised their mistake.

"Independent report by Cambridge Econometrics".

The UK economy is in decline since Brexit. Bobby, you are misled and deluded.

The UK economy is GBP 140 Billion worse off by 2023 following Brexit in 2020.

"According to the new research, the economic damage is only going to get worse – with more than £300bn set to be wiped off the value of the UK’s economy by 2035 if no action is taken."

https://www.london.gov.uk/new-report-reveals-uk-economy-almost-ps140billion-smal...

Quote:

Mayor highlights Brexit damage to London economy

London’s economy alone has shrunk by more than £30billion, Mayor reveals at prestigious Mansion House dinner
Independent report by Cambridge Econometrics, commissioned by City Hall, shows London has 290,000 fewer jobs than if Brexit had not taken place, with half the total two million job losses nationwide coming in the financial services and construction sectors

Mayor of London identifies Brexit as ‘key contributor’ to the current cost-of-living crisis – highlighting evidence that it is fuelling food price increases
Sadiq calls on the Government to build a closer relationship with the EU

The Mayor of London, Sadiq Khan, will use a speech at Mansion House in the City of London tonight to reveal that the cost of Brexit to the UK’s economy is £140billion, according to new independent analysis.

The new report, by Cambridge Econometrics commissioned by City Hall (1), also shows that London’s economy has shrunk by more than £30billion.

The average Briton was nearly £2,000 worse off in 2023, while the average Londoner was nearly £3,400 worse off last year as a result of Brexit, the report reveals.* It also calculates that there are nearly two million fewer jobs overall in the UK due to Brexit – with almost 300,000 fewer jobs in the capital alone.

The Mayor will tell the prestigious London Government Dinner that the UK “urgently needs to build a closer relationship with the EU” to help arrest the decline.

According to the new research, the economic damage is only going to get worse – with more than £300bn set to be wiped off the value of the UK’s economy by 2035 if no action is taken, and more than £60 billion wiped off the value of London’s economy alone.

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Bobby.

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Re: Australian industry: High cost, low productivity
Reply #17 - Aug 13^th, 2024 at 9:42pm

LTYC,
Quote:

The UK economy is in decline since Brexit. Bobby, you are misled and deluded.

The UK economy is GBP 140 Billion worse off by 2023 following Brexit in 2020.

"According to the new research, the economic damage is only going to get worse – with more than £300bn set to be wiped off the value of the UK’s economy by 2035 if no action is taken."

Well obviously the UK failed to make good deals with its former Commonwealth.

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Bobby.

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Re: Australian industry: High cost, low productivity
Reply #18 - Aug 13^th, 2024 at 9:45pm

freediver wrote on Aug 13^th, 2024 at 9:17pm:

aquascoot wrote on Aug 13^th, 2024 at 3:21pm:

freediver wrote on Aug 13^th, 2024 at 2:44pm:

Quote:

High cost, low productivity

We get paid a lot for doing bugger all. Sounds like success to me.

lol

thats why your grandkids will never own a home Cry

I'm serious. Do you really want to be better than the Chinese at breaking your back for 50c a day?

Sounds like Scarface - jump to 0:25 Grin

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Re: Australian industry: High cost, low productivity
Reply #19 - Aug 13^th, 2024 at 10:12pm

Bobby. wrote on Aug 13^th, 2024 at 9:42pm:

LTYC,
Quote:

The UK economy is in decline since Brexit. Bobby, you are misled and deluded.

The UK economy is GBP 140 Billion worse off by 2023 following Brexit in 2020.

"According to the new research, the economic damage is only going to get worse – with more than £300bn set to be wiped off the value of the UK’s economy by 2035 if no action is taken."

Well obviously the UK failed to make good deals with its former Commonwealth.

... wait, there's more. UK has paid ~GBP 35+ Billion to EU.

UK's Brexit divorce bill:

Quote:

By 31 December 2021, the UK had paid a net amount of £11 billion and was due to have paid a further net £3.3 billion to the end of May, leaving £21.3 billion outstanding, with future current payments of almost €900 million a month. The UK and EU began negotiations with differing perspectives on the basis for the bill.

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tickleandrose

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Re: Australian industry: High cost, low productivity
Reply #20 - Aug 13^th, 2024 at 10:26pm

I dont know about Brexit. I mean, common sense in economics that if you work as a collective, you would have more bargaining power. Now, Britain is alone, its more difficult to make favourable deals with larger players like USA, China, and European Union.

Australia, with all of its political power and leverage could not even get half of what Britain had with EU. Many of those trade deals could take years, even decades. And until then... its like... putting a de facto economic sanction on yourself.

To me, it does not make sense back then, it does not make sense now. I mean, there are countries bending backwards trying to join the EU.

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goosecat

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Re: Australian industry: High cost, low productivity
Reply #21 - Aug 14^th, 2024 at 12:55am

tickleandrose wrote on Aug 13^th, 2024 at 10:26pm:

I dont know about Brexit. I mean, common sense in economics that if you work as a collective, you would have more bargaining power. Now, Britain is alone, its more difficult to make favourable deals with larger players like USA, China, and European Union.

Australia, with all of its political power and leverage could not even get half of what Britain had with EU. Many of those trade deals could take years, even decades. And until then... its like... putting a de facto economic sanction on yourself.

To me, it does not make sense back then, it does not make sense now. I mean, there are countries bending backwards trying to join the EU.

The end results of "breakaway republics"(which is effectively what Brexit is) through history, really depends on your time-frame of analysis. Of course if you do the simpleton short term economic analysis of which current "experts" are reduced to through sheer lack of intelligence and depth mixed with a level of indoctrination, it might lead to placing all the "weight" of result on the current and near term.

When the Germans and Britons broke away from the Roman Empire for example, it initially involved all the loss of the great collective power you speak of. However I'm pretty sure most of those "tribes" nowadays are damn happy they are no longer all part of that collective "Empire".

There may be a price to pay today, but as the EU gets slowly dragged down further by poor economic outlook additions, costs and internal fracture, I wouldn't bet it doesn't once again prove to be the far better outcome long term.

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« Last Edit: Aug 14^th, 2024 at 1:01am by goosecat »

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aquascoot

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Re: Australian industry: High cost, low productivity
Reply #22 - Aug 14^th, 2024 at 4:26am

Laugh till you cry wrote on Aug 13^th, 2024 at 10:12pm:

Bobby. wrote on Aug 13^th, 2024 at 9:42pm:

LTYC,
Quote:

The UK economy is in decline since Brexit. Bobby, you are misled and deluded.

The UK economy is GBP 140 Billion worse off by 2023 following Brexit in 2020.

"According to the new research, the economic damage is only going to get worse – with more than £300bn set to be wiped off the value of the UK’s economy by 2035 if no action is taken."

Well obviously the UK failed to make good deals with its former Commonwealth.

... wait, there's more. UK has paid ~GBP 35+ Billion to EU.

UK's Brexit divorce bill:

Quote:

By 31 December 2021, the UK had paid a net amount of £11 billion and was due to have paid a further net £3.3 billion to the end of May, leaving £21.3 billion outstanding, with future current payments of almost €900 million a month. The UK and EU began negotiations with differing perspectives on the basis for the bill.

chickenfeed

loose change

the cost of the NDIS for 6 months Roll Eyes

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Bobby.

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Re: Australian industry: High cost, low productivity
Reply #23 - Aug 14^th, 2024 at 7:08am

Laugh till you cry wrote on Aug 13^th, 2024 at 10:12pm:

Bobby. wrote on Aug 13^th, 2024 at 9:42pm:

LTYC,
Quote:

The UK economy is in decline since Brexit. Bobby, you are misled and deluded.

The UK economy is GBP 140 Billion worse off by 2023 following Brexit in 2020.

"According to the new research, the economic damage is only going to get worse – with more than £300bn set to be wiped off the value of the UK’s economy by 2035 if no action is taken."

Well obviously the UK failed to make good deals with its former Commonwealth.

... wait, there's more. UK has paid ~GBP 35+ Billion to EU.

UK's Brexit divorce bill:

Quote:

By 31 December 2021, the UK had paid a net amount of £11 billion and was due to have paid a further net £3.3 billion to the end of May, leaving £21.3 billion outstanding, with future current payments of almost €900 million a month. The UK and EU began negotiations with differing perspectives on the basis for the bill.

The UK should never have left their Commonwealth trading partners -
they were traitors to their own empire.

That's what happens when you have bean counters running companies and countries -
they don't see the long term vision.
The EU can't compete on a level playing field for
production of food with Australia and NZ.
They only keep their farmers going with massive subsidies and monster tariffs on Australia and NZ.
They denied the British people cheaper and more wholesome, high quality food.
The POMs don't care about their own people - at all.
As long as the rich can have their roast dinner on Sunday then it's OK by them -
and stuff the working class - they can eat bangers and mash and call it a luxury
and pay heaps for it.

Just watch the old episodes of Steptoe and Son -
that's how the POMs really live.

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Laugh till you cry

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Re: Australian industry: High cost, low productivity
Reply #24 - Aug 14^th, 2024 at 9:46am

Bobby wants the UK to be dependent on Australia and others for its food.

Bobby wants Australians to drop everything and be the UK's farmers and sheep herders.

The UK has 62% food self-sufficiency which is below their objectives.

Australia would not be internationally competitive in UK's needs which are vegetables, fruit, and fish.

Quote:

According to 2023 Defra figures, the UK is 62% self-sufficient in food. While this reflects similar levels of the past decade, some sectors have seen a recent decline.

n a report last year on improving food security, the government said the UK is largely self-sufficient in wheat, most meats and eggs.More than 50% of the vegetables the country eats are grown on UK farms - but only 16% of fruit.And despite having a large fishing fleet, we are a net importer of seafood, because British consumers prefer fish caught outside of UK waters, such as cod.

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Bobby.

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Re: Australian industry: High cost, low productivity
Reply #25 - Aug 14^th, 2024 at 7:31pm

Laugh till you cry wrote on Aug 14^th, 2024 at 9:46am:

Bobby wants the UK to be dependent on Australia and others for its food.

Bobby wants Australians to drop everything and be the UK's farmers and sheep herders.

The UK has 62% food self-sufficiency which is below their objectives.

Australia would not be internationally competitive in UK's needs which are vegetables, fruit, and fish.

I don't have the numbers but I strongly suspect that without EU tariffs and farmer subsidies -
we can provide better food and a lot cheaper than the POMs could produce it.

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Laugh till you cry

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Re: Australian industry: High cost, low productivity
Reply #26 - Aug 14^th, 2024 at 8:28pm

Bobby. wrote on Aug 14^th, 2024 at 7:31pm:

Laugh till you cry wrote on Aug 14^th, 2024 at 9:46am:

Bobby wants the UK to be dependent on Australia and others for its food.

Bobby wants Australians to drop everything and be the UK's farmers and sheep herders.

The UK has 62% food self-sufficiency which is below their objectives.

Australia would not be internationally competitive in UK's needs which are vegetables, fruit, and fish.

I don't have the numbers but I strongly suspect that without EU tariffs and farmer subsidies -
we can provide better food and a lot cheaper than the POMs could produce it.

LTYC strongly suspects otherwise.

The best solution for the UK is to import farmers from China. UK farmers are not productive and drive around in Range Rovers and spend too much time in pubs.

Bobby is not familiar with economic history. There was a committee of Australian economists in the 1920s that was tasked with considering the issue of the agricultural industry v the manufacturing industry protected by tariffs. The UK was pressing Australia to be only a food and minerals supplier. The committee determined that the best course for Australia was to support industrial development and impose tariffs on imported manufactured goods.

That led to the era of Australian manufacturing from the 1920s until the 1990s when manufacturing declined.

"The contribution of manufacturing to Australia's gross domestic product peaked in the 1960s at 25%, and had dropped to 13% by 2001–2 and 10.5% by 2005–6."

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Bobby.

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Re: Australian industry: High cost, low productivity
Reply #27 - Aug 14^th, 2024 at 8:31pm

Laugh till you cry wrote on Aug 14^th, 2024 at 8:28pm:

Bobby. wrote on Aug 14^th, 2024 at 7:31pm:

Laugh till you cry wrote on Aug 14^th, 2024 at 9:46am:

Bobby wants the UK to be dependent on Australia and others for its food.

Bobby wants Australians to drop everything and be the UK's farmers and sheep herders.

The UK has 62% food self-sufficiency which is below their objectives.

Australia would not be internationally competitive in UK's needs which are vegetables, fruit, and fish.

I don't have the numbers but I strongly suspect that without EU tariffs and farmer subsidies -
we can provide better food and a lot cheaper than the POMs could produce it.

LTYC strongly suspects otherwise.

Bobby is not familiar with economic history. There was a committee of Australian economists in the 1920s that was tasked with considering the issue of the agricultural industry v the manufacturing industry protected by tariffs. The UK was pressing Australia to be only a food and minerals supplier. The committee determined that the best course for Australia was to support industrial development and impose tariffs on imported manufactured goods.

That led to the era of Australian manufacturing from the 1920s until the 1990s when manufacturing declined.

"The contribution of manufacturing to Australia's gross domestic product peaked in the 1960s at 25%, and had dropped to 13% by 2001–2 and 10.5% by 2005–6."

I don't follow the point you're trying to make.
I'm talking about POMs getting a good deal.

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Laugh till you cry

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Re: Australian industry: High cost, low productivity
Reply #28 - Aug 14^th, 2024 at 8:46pm

Bobby. wrote on Aug 14^th, 2024 at 8:31pm:

Laugh till you cry wrote on Aug 14^th, 2024 at 8:28pm:

Bobby. wrote on Aug 14^th, 2024 at 7:31pm:

Laugh till you cry wrote on Aug 14^th, 2024 at 9:46am:

Bobby wants the UK to be dependent on Australia and others for its food.

Bobby wants Australians to drop everything and be the UK's farmers and sheep herders.

The UK has 62% food self-sufficiency which is below their objectives.

Australia would not be internationally competitive in UK's needs which are vegetables, fruit, and fish.

I don't have the numbers but I strongly suspect that without EU tariffs and farmer subsidies -
we can provide better food and a lot cheaper than the POMs could produce it.

LTYC strongly suspects otherwise.

Bobby is not familiar with economic history. There was a committee of Australian economists in the 1920s that was tasked with considering the issue of the agricultural industry v the manufacturing industry protected by tariffs. The UK was pressing Australia to be only a food and minerals supplier. The committee determined that the best course for Australia was to support industrial development and impose tariffs on imported manufactured goods.

That led to the era of Australian manufacturing from the 1920s until the 1990s when manufacturing declined.

"The contribution of manufacturing to Australia's gross domestic product peaked in the 1960s at 25%, and had dropped to 13% by 2001–2 and 10.5% by 2005–6."

I don't follow the point you're trying to make.
I'm talking about POMs getting a good deal.

Australians would like to get a good deal too.

Australian vegetable farmers are busy feeding New Zealand and nearby Asian countries. The UK imports bugger all Australian food before and after Brexit. Thereefore the EU was not the cause of the decline of food trade with the UK.

"Where does Australia export vegetables to?
In financial year 2023, the value of vegetable exports from Australia to New Zealand totaled 59.3 million Australian dollars. New Zealand was the leading export destination for Australian vegetable products, accounting for around 15 percent of the total value of vegetable exports.Jan 17, 2024"

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Grappler Truth Teller Feller Gold Member Offline Australian Politics Posts: 84406 Proud pre-1850's NO Voter Gender:	Re: Australian industry: High cost, low productivity Reply #29 - Aug 14^th, 2024 at 8:47pm aquascoot wrote on Aug 13^th, 2024 at 12:44pm: ltyc has posted something with which i agree has ltyc started on the narrow road to success ? Not remotely possible
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