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Wages Continue To Fall Under Morrison's Plan (Read 747 times)
whiteknight
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Wages Continue To Fall Under Morrison's Plan
Nov 14th, 2019 at 3:00am
 
Wages continue to fall under Morrison’s plan   Sad
13 November 2019


Quarterly Wage Price Index (WPI) has fallen 0.1 per cent to 2.2 per cent at September quarter 2019 on the previous year according to new data from the ABS this morning.



This comes after it was revealed that wage growth in new private sector agreements fell in the June quarter and over the year.



The Morrison Government has implemented a series of policies to reduce wage growth which have crushed economic growth and forced millions of Australian workers into financial hardship.



Australians are struggling, weak consumption is being driven by stagnant wages, household debt is at record highs, 1.8 million Australians are looking for work or for more work, and retail trade has had its worst result since the 1990s recession.



The quarterly growth is also the first inclusion of the Fair Work Commission's minimum wage increase this year of 3 per cent. If it wasn't for unions fighting for a higher minimum wage this result would be even worse.



Quotes attributable to ACTU Secretary Sally McManus



“The Morrison Government has said they want wage growth to be low. This is their plan working.



“Millions of Australian workers are facing their eighth year without a decent pay rise because of this Government’s obsession with a failed trickle-down economic experiment.



“The Government’s proposed Ensuring Integrity Bill is intended to stymy unions and would make it harder for all workers to win pay rises, deepening this crisis.



“It is more important than ever that the Senate crossbench stand up for the rights of working people and block Ensuring Integrity.
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macman
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Re: Wages Continue To Fall Under Morrison's Plan
Reply #1 - Nov 14th, 2019 at 6:21am
 
'Wages Continue To Fall Under Morrison's Plan'.

That is morrisons plan, along with weakening the unions.
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juliar
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Re: Wages Continue To Fall Under Morrison's Plan
Reply #2 - Nov 14th, 2019 at 8:51am
 
The silly old BlackDay has Compulsive Posting Disorder.

He feels a compulsive need to keep re-posting the same silly rubbish about 30 times to try to fill the aching hole in his unwell mind.  Is he going senile ? Is he suffering posting fatigue ?

Or is he just neurotically fearful of his Newstart ?

Now he is neurotically back on his ridiculous pathological realistic wages. What a lulu postaholic!!!
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Grappler Truth Teller Feller
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Re: Wages Continue To Fall Under Morrison's Plan
Reply #3 - Nov 14th, 2019 at 10:16am
 
Wages Continue To Fall Under Morrison's Plan

Well that is the plan.....

One in five Australian workers is 'under-utilised' - meaning either unemployed or not employed enough... a mere 20% - and that includes all those on sustenance 'wages', who are the vast majority, being well under AWE in the majority of cases.

https://www.news.com.au/finance/work/how-does-your-income-compare-to-others/news...

"The wealthiest 20 per cent now control 60 per cent of all household wealth.

In the four years leading up to the global financial crisis, average household weekly incomes grew by $220 in real terms.

In the 10 years since then they have only increased an average of $44 a week.

Households earned an average of $798 in 2004, this jumped to $1018 by 2008, but a decade on they’ve only increased to $1062."
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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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juliar
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Re: Wages Continue To Fall Under Morrison's Plan
Reply #4 - Nov 14th, 2019 at 10:18am
 
Well the union thugs are doing their utmost to move Australian jobs overseas as they support the LIMA Agreement by hounding industry and trying to send Australian companies bankrupt.
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Captain Nemo
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Re: Wages Continue To Fall Under Morrison's Plan
Reply #5 - Nov 14th, 2019 at 10:23am
 
Hmm ... misleading heading?

Wages are actually increasing 2.2 per cent.  Wink
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The 2025 election could be a shocker.
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juliar
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Re: Wages Continue To Fall Under Morrison's Plan
Reply #6 - Nov 14th, 2019 at 10:30am
 
Capt N, well what else but bulldust would you expect from the union/GetUp! propaganda parrot Blackday who specializes in union/GetUp! fake news ?
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crocodile
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Re: Wages Continue To Fall Under Morrison's Plan
Reply #7 - Nov 14th, 2019 at 11:07am
 
Captain Nemo wrote on Nov 14th, 2019 at 10:23am:
Hmm ... misleading heading?

Wages are actually increasing 2.2 per cent.  Wink


That's true but WPI is a nominal figure and as such isn't adjusted for inflation and nor should it be. Still needs to be accounted for though.
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Very funny Scotty, now beam down my clothes.
 
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crocodile
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Re: Wages Continue To Fall Under Morrison's Plan
Reply #8 - Nov 14th, 2019 at 11:46am
 
Low wages growth is a product of falling productivity. It isn't restricted to Aussie. Idiot McManus can waffle on about government conspiracy theories and tell workers to ask for more but without productivity growth they're flogging a dead horse. There's a decent review from the productivity commission in the link below. It is lengthy and can get a bit technical but the point is clear.

https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=10&cad=rja&uact=8&...
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Very funny Scotty, now beam down my clothes.
 
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juliar
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Re: Wages Continue To Fall Under Morrison's Plan
Reply #9 - Nov 14th, 2019 at 12:18pm
 
Is there any limit to the Croc's wisdom ? He should be advising the Govt.


But I found a quite good explanation of the wage issue here which largely agrees with the Croc I think.


Ultra low wage growth isn’t accidental. It is the intended outcome of government policies
Author John Quiggin Professor, School of Economics, The University of Queensland March 18, 2019 5.49am AEDT

This is the first in a three-part mini-symposium on Wages, Unemployment and Underemployment presented by The Conversation and the Academy of the Social Sciences in Australia. Read the other pieces in the series here https://theconversation.com/au/topics/assa-symposium-67964.


The long debate over the causes of wage stagnation took an unexpected turn last week, when Finance Minister Matthias Cormann described (downward) flexibility in the rate of wage growth as “a deliberate design feature of our economic architecture”.

It was a position that was endorsed in a flurry of confusion 16 seconds after it had been rejected by Defence Industry Minister Linda Reynolds.

Cormann had said policies aimed at pushing wages up could cause “massive spikes in unemployment”.

Read the rest here

https://theconversation.com/ultra-low-wage-growth-isnt-accidental-it-is-the-inte...




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macman
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Re: Wages Continue To Fall Under Morrison's Plan
Reply #10 - Nov 14th, 2019 at 3:51pm
 
juliar wrote on Nov 14th, 2019 at 12:18pm:
Is there any limit to the Croc's wisdom ? He should be advising the Govt.


But I found a quite good explanation of the wage issue here which largely agrees with the Croc I think.


Ultra low wage growth isn’t accidental. It is the intended outcome of government policies
Author John Quiggin Professor, School of Economics, The University of Queensland March 18, 2019 5.49am AEDT

This is the first in a three-part mini-symposium on Wages, Unemployment and Underemployment presented by The Conversation and the Academy of the Social Sciences in Australia. Read the other pieces in the series here https://theconversation.com/au/topics/assa-symposium-67964.


The long debate over the causes of wage stagnation took an unexpected turn last week, when Finance Minister Matthias Cormann described (downward) flexibility in the rate of wage growth as “a deliberate design feature of our economic architecture”.

It was a position that was endorsed in a flurry of confusion 16 seconds after it had been rejected by Defence Industry Minister Linda Reynolds.

Cormann had said policies aimed at pushing wages up could cause “massive spikes in unemployment”.

Read the rest here

https://theconversation.com/ultra-low-wage-growth-isnt-accidental-it-is-the-inte...






You can post all the crap you want more on but nothing changes the fact these clowns have no idea how to get aus out of the poo we are in. Our only chance is to piss off these fools and get labor in, as usual when we are in this position. Unfortunately, the electorate listened to the libbos lies and now we will all have to suffer.
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juliar
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Re: Wages Continue To Fall Under Morrison's Plan
Reply #11 - Nov 14th, 2019 at 4:16pm
 
The Big Mac only wants to see his GetUp! propaganda because it makes him feel good.
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Bam
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Re: Wages Continue To Fall Under Morrison's Plan
Reply #12 - Nov 14th, 2019 at 5:06pm
 
crocodile wrote on Nov 14th, 2019 at 11:46am:
Low wages growth is a product of falling productivity. It isn't restricted to Aussie. Idiot McManus can waffle on about government conspiracy theories and tell workers to ask for more but without productivity growth they're flogging a dead horse. There's a decent review from the productivity commission in the link below. It is lengthy and can get a bit technical but the point is clear.

Why aren't company profits falling? If declining productivity was the sole issue, it would show up in company profits as well. It isn't.

Another reason for low wages growth: redistribution of value from labour to employers and shareholders.

That doesn't mean productivity should be dismissed as an issue, but it's not the only issue. We're still creaking along with Fraser-era workplace policies that are past their best before date. We need to review them and reform them. A 36-hour week or a 4-day work week should be considered. As far as productivity is concerned, sometimes less is more.
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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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juliar
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Re: Wages Continue To Fall Under Morrison's Plan
Reply #13 - Nov 14th, 2019 at 5:35pm
 
Data Wednesday showed annual wage growth of 2.2% in the three months through September.


Gosh this throws the lying propaganda rubbish from GetUp! into confusion. But then anything from GetUp! is just lying confected garbage.
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crocodile
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Re: Wages Continue To Fall Under Morrison's Plan
Reply #14 - Nov 14th, 2019 at 8:49pm
 
Bam wrote on Nov 14th, 2019 at 5:06pm:
crocodile wrote on Nov 14th, 2019 at 11:46am:
Low wages growth is a product of falling productivity. It isn't restricted to Aussie. Idiot McManus can waffle on about government conspiracy theories and tell workers to ask for more but without productivity growth they're flogging a dead horse. There's a decent review from the productivity commission in the link below. It is lengthy and can get a bit technical but the point is clear.

Why aren't company profits falling? If declining productivity was the sole issue, it would show up in company profits as well. It isn't.

Another reason for low wages growth: redistribution of value from labour to employers and shareholders.

That doesn't mean productivity should be dismissed as an issue, but it's not the only issue. We're still creaking along with Fraser-era workplace policies that are past their best before date. We need to review them and reform them. A 36-hour week or a 4-day work week should be considered. As far as productivity is concerned, sometimes less is more.


Quote:
Why aren't company profits falling? If declining productivity was the sole issue, it would show up in company profits as well. It isn't.


Because the Bamster is easily confused. Productivity and profit don't necessarily correlate and therefore aren't a guaranteed factor in profit. Buy a textbook.

Company profits have only grown since 2016 after almost a decade of no growth at all.

...

All of those indicators you mention can affect wages growth but without productivity growth they are useless. Productivity growth is required first and foremost. Wages do not grow without it. Never have, never will.

Quote:
Another reason for low wages growth: redistribution of value from labour to employers and shareholders.


If increasing capital is required for each unit of labour productivity gain then of course the return to capital will be greater. Astonishing that it even needs to be pointed out.
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Very funny Scotty, now beam down my clothes.
 
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