2022 Federal Election Watch

[Gralin]

Part 2 can be found here

2022 Federal Election Watch - Part 2 the count

Welcome to Part 2 of the Federal Election Watch Part 1 can be found here https://www.bigfooty.com/forum/threads/2022-federal-election-watch.1306808/

www.bigfooty.com

 

[NSWCROW]

I think Labor is recapturing the narrative, the narrative that you are not doing as well as you once did, and so you should vote for a better future.

Won't mean shit unless the media back it, or at least MENTION it.

 

[Saint]

Can you point us to some of these comments? I just had a read through the RBA's May inflation commentary and it mentions labour income on a number of occassions as a contributor to inflation.

Labour income and raising the minimum wage are not the same thing.

Labour income is going up because CEOs got on average 20% more last year. Minimum wage moved very little.

Minimum wage doesn't have the impact everyone says it has. It creates more jobs, not the loss of jobs:

The Effect of Minimum Wage Increases on Wages, Hours Worked and Job Loss | Bulletin – September 2018

Australia has a detailed system of ‘awards’ that specify different minimum wages depending on the industry, location and skill of an employee.

www.rba.gov.au

Woolworths are in favour of lifting the minimum wage (nothing says they couldn't lift their wages already), but they know who their customers are.

 

[Chief]

Get cooked!

 

[Ice-Wolf]

Instead we have Barnaby in the Press Club saying that accountants/mechanics will pass that on to customers (as if accountants are on minimum wage) and as if the customers of mechanics don't include people on minimum wage and paying people more will cause inflation. Morons in Tamworth will buy it, but voters in Kooyong and Goldstein aren't that simple.

Yeah accountants aren't on minimum wage and neither are mechanics, the reason mechanic cost are going up is because they have to cover the increased price of consumables like oil etc.

 

[Saint]

That is a very difficult question to answer. From a basic economic theory perspective the solution is that to curb inflation there is a necessary reduction to standard of living (if you take that as a broad way of saying "how much can i get for my money). The reality of actually doing that (and the political consequences) are far more complex.

But you can't on one hand say you want to ease cost of living pressures for people and on the other hand support a wage rise in line with inflation (when it is above the target rate). The 2 just aren't compatible.

This bolded section is complete garbage. The LNP ALWAYS say that the answer to being poor is a good paying job. But now they're saying jobs can't pay more money because it would cause inflation?!

Wages are just one part of inflation. There are so many other factors in the economy and even on a micro-level.

In fact, the only way that cost of living pressures drop during high inflation is if wages go up. But it should be particularly targeted at those at minimum wage.

Advocating for wages to stay down while inflation increases will definitely making living conditions worse. Raising minimum wage in-line with inflation will not increase inflation by the same amount, in fact it would only be a small fraction, almost imperceptible.

The RBA is saying wages need to grow to meet inflation.

The RBA didn't want to raise rates until wages started growing, but inflation was getting out of hand and wages hadn't budged. It's been the RBA's biggest gripe for years.

Australia's central bank has goals in sight, just waiting on wages

Australia's central bank is closer to meeting its economic goals than it has been for years, but is prepared to be patient on policy as wage growth continues to lag even as inflation picks up.

www.reuters.com

 

[Carn The Berries]

Labour income and raising the minimum wage are not the same thing.

Labour income is going up because CEOs got on average 20% more last year. Minimum wage moved very little.

Minimum wage doesn't have the impact everyone says it has. It creates more jobs, not the loss of jobs:

The Effect of Minimum Wage Increases on Wages, Hours Worked and Job Loss | Bulletin – September 2018

Australia has a detailed system of ‘awards’ that specify different minimum wages depending on the industry, location and skill of an employee.

www.rba.gov.au

Woolworths are in favour of lifting the minimum wage (nothing says they couldn't lift their wages already), but they know who their customers are.

That article doesn't mention inflation once, it talks about the impact on employment. A rise in the minimum wage is a rise in labour income. Its not the only thing that contributes to it, but its definitely a component.

Woolworths aren't responsible for managing inflation (and would be unlikely to be paying anyone the minimum wage) of course they are in favour of something that enables people to spend more in their stores.

 

[Saint]

Yeah accountants aren't on minimum wage and neither are mechanics, the reason mechanic cost are going up is because they have to cover the increased price of consumables like oil etc.

Which have nothing to do with wages. So raising wages wouldn't make any (very minimal) difference.

Have a look at your last mechanic's bill. Labour will be somewhere like $200 an hour. Even if it's an apprentice on award wages (let's say $20), that's only 10% of that $200 being charged. So if the apprentices wage goes up 5% to $21, labour charged theoretically goes up to $201. So the apprentice gets a 5% pay rise and the inflation on what is charged goes up 0.5%

 

[Saint]

That article doesn't mention inflation once, it talks about the impact on employment. A rise in the minimum wage is a rise in labour income. Its not the only thing that contributes to it, but its definitely a component.

Woolworths aren't responsible for managing inflation (and would be unlikely to be paying anyone the minimum wage) of course they are in favour of something that enables people to spend more in their stores.

They're the largest award employer in the country.

 

[Ice-Wolf]

Which have nothing to do with wages. So raising wages wouldn't make any (very minimal) difference.

Exactly.

 

[NSWCROW]

Get cooked!

BRB, just checking the daily tele and 2gb to suss if they're outraged over it....

 

[Saint]

pre-pandemic wage-growth data.

Why would anyone buy that the LNP cares about cost of living pressures when they clearly stated their aim was wage stagnation and achieved it?

 

[Pessimistic]

Their parents vote too…as John howard found out

 

[matt_897]

That article doesn't mention inflation once, it talks about the impact on employment. A rise in the minimum wage is a rise in labour income. Its not the only thing that contributes to it, but its definitely a component.

Woolworths aren't responsible for managing inflation (and would be unlikely to be paying anyone the minimum wage) of course they are in favour of something that enables people to spend more in their stores.

Woolworths EA agreement uses the fair work as a guide for wage increases

 

[winty]

Surely it's just coincidence...

 

[Kyptastic]

 

[NSWCROW]

Good read about how the msm are in on it.

a standard media practice has become established and it’s one in which negative stories about Labor are magnified while negative stories about the Morrison Government get minimal coverage or are not reported at all.

 

[Nikita Blue]

Drove my elderly parents to vote today in Goldstein lots of good teal energy. Liberal party volunteer tries to hand Dad a how to vote card. He politely declines saying this is the most corrupt government he has ever seen.

 

[Rotayjay]

These happy clappers are ****ing delusional. They think taking the LNP into the religious hard right and bashing trans people is going to help. Newsflash: it isn't you dolts. Australia is turning away from religion at breakneck speed (just look at the Census).

 

[Chief]

These happy clappers are ******* delusional. They think taking the LNP into the religious hard right and bashing trans people is going to help. Newsflash: it isn't you dolts. Australia is turning away from religion at breakneck speed (just look at the Census).

I get the inkling this will lead to them hiding their intentions better next time.

They presented their beliefs and, maybe, people are turning away.

The same jokers will show up next time. I don't see how that can be stopped with Smirko taking over decisions at a local level.

 

[Number37]

Anybody see Barny at the Press Club today?
Labor is lowering the ceiling and we're all going to bump our heads.

I reckon he was going to say something starting with F before he corrected himself to say "man". (1st 10 seconds)

 

[Hojuman]

Drove my elderly parents to vote today in Goldstein lots of good teal energy. Liberal party volunteer tries to hand Dad a how to vote card. He politely declines saying this is the most corrupt government he has ever seen.

" GO DADDY BLUE " ! B.F. salutes you

 

[QuietB]

That is a very difficult question to answer. From a basic economic theory perspective the solution is that to curb inflation there is a necessary reduction to standard of living (if you take that as a broad way of saying "how much can i get for my money). The reality of actually doing that (and the political consequences) are far more complex.

But you can't on one hand say you want to ease cost of living pressures for people and on the other hand support a wage rise in line with inflation (when it is above the target rate). The 2 just aren't compatible.

So tax cuts are irresponsible then.

tax cuts will create the exact response Morrison wants us to be petrified of.

 

[QuietB]

Liberals are just ****ing nasty. it is the only thing they know. And Australia is worse for it.

 

[Dixie Flatline]

It's genius, the only way the ALP can get the MSM to report their policy is to con the rich, comfortable conservatives into a flap. This policy might impact them so they will put on the full song and dance.

Meanwhile, as the MSM wave the scary stick, the average person who is struggling to make ends meet will say "who gives a shit? I get a pay rise I haven't seen in 10 years". They see a light at the end of the tunnel.

This is the ALP's version of Howard's battlers. There is a large number of undecided voters doing it tough who will take the pay rise

Sent from my SM-G990E using Tapatalk

Birmo had to somehow argue that Labor's backing of the increase in the minimum wage would mean the end of civilisation while simultaneously maintain that Australian workers have never had it so good under the LNP government. Very amusing to watch him this morning on breakfast television stumble and bumble around.

 

[Saint]

So tax cuts are irresponsible then.

tax cuts will create the exact response Morrison wants us to be petrified of.

It depends what the goal of the tax cuts are, and how they're targetted.

If it's to match cut spending, that's a good reason. But this isn't.

It was designed to stimulate spending, that's what they've said all along, more cash in people's pockets to spend and a budget deficit for every year of forward estimates.

And it's at a time when we don't want to stimulate spending.

It's ridiculous. (I'm a recipient of the next round of cuts and I'm still voting against it, because it's stupid and will cost me and my kids more in the long run than we'll get in the short term).

Nothing this Government has done economically (wage stagnation, tax cuts overwhelmingly aimed at the rich, cash give-aways, medicare cuts, pork barrelling) has matched anything like the rhetoric they're talking (cost of living pressures, budget surplus).