Grappler Racist Filth wrote on Jan 27
th, 2023 at 5:01pm:
The trouble with a job guarantee = a wage guarantee is that where there are no jobs, it becomes a matter of appearance money....
Wrong of course.
Where there are no jobs in the regular job market, then government - as employer of last resort -
can pay people to do useful work which would otherwise not get done. Useful work. ie takes time and application to be performed.
Quote:Additionally, as you well know - every time there is more 'discretionary income' lying about, the 'market forces' will always take up the slack via price and COL rises.
Wrong again, there is always potential for extra supply capacity in food and essential utilities if required, which will avoid 'demand pull' inflation.
Quote: It is no secret that whereas with a single income family you could buy - in the 1980's - a house in Marrickville (livin' next door to Albo)... and that the costs of actually buying a house skyrocketed the moment the MADIF (Mandatory Dual Income Family) for many became the reality - meaning that singles (including gays etc) were rapidly phased out of the market, and thus was created yet another pressure on income levels, demanding a rise sufficient for a single to even get into the market - and at the same time offering two in a couple two such rises..... which... surprise, surprise, created another skyrocketing of home prices.
Interesting that the current economic model has us all working harder (both adults in a family) to maintain a satisfactory standard of living, my old man on an average wage supported a wife and 4 kids in fine style ( annual caravan holidays etc).
Quote:Enter The Demons Of Investor Ownership.... and very lax and loose bank rules for investors - and the problems just went higher and higher for the ordinary person. It was never going to work.... if you can't see the results today you are blind...
Yes, the current monetary orthodoxy relies on
private debt, ie
indebtedness to private financiers/usurers, and 'investment' in the housing Ponzi..
Quote:Point being - the moment there is a perception in the market place that those with the ready can afford to pay more - prices will rise to suit, so no benefit will ever come from simple pay/income rises.
Productive capacity already mentioned re supply of essentials, which is what we are talking about for non-inflationary wages at the low end.
Quote:THAT, my sons, is why I constantly advocate that costs of living including housing (and dumping privatisation) must first be brought under control - and THEN the attempt made to improve in real terms the REAL prosperity of the many, as opposed to the massive imbalances currently created by a few having all the prosperity and the many none.
You need to explain HOW these costs will be brought under control.
I advocate control via PUBLIC sector debt which can be rolled over indefinitely (provided the nation's productivity is maintained).
Quote:You will never alleviate poverty by throwing more money at only the lowest end.... all you will do is raise the bar for what constitutes poverty, and thus draw more and more into it and thus generate an even bigger problem,.
You are conceptualising it in the wrong manner; you can ONLY alleviate poverty by ensuring everyone is doing useful work, with govt, acting as ELR.
Having all working above poverty level won't "raise the bar for what poverty is", it will eliminate poverty provided the nation's
productive capacity is maintained.
More bs ...... that's why when things in remote communities are broken, broken down, vandalised & strewn with rubbish ... they sit on their arses whining until govt trades people are sent to repair things & clean up.
As they are being paid welfare(a regular weekly/fortnightly income) one would think they could at least keep the place clean.
Do minor maintenance. Like they would be doing if they were working as a stockman.
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