Election 2022 (Poll added)

[LP]

Not according to a raft of economists speaking in the lead up to the election EB.

Wages growth linked to productivity isn’t inflationary.  The challenge for the new government will be to develop the framework for that to happen.  The first step would be to seek advice from beyond Treasury … but I’m not sure they’re that courageous/innovative. ?

It is interesting, you'll find those wealthy enough or earning enough to save or invest will advocate that wages growth is inflationary, that is because they speak from a perspective of accumulating cash.

Many academics will tell you wage growth for low earners isn't inflationary when the bulk of the people getting the rise are living hand to mouth, that is circular cash and it cannot possible contribute to inflation, because it goes straight back to those who give it out. It's just a shift in the location and timing of the funds.

Ironically, if you want people to be self-funded retirees you need some level of interest rates higher than the current rates, so that investments and superannuation see growth. The RBA is charged with managing that, but I have to wonder if they genuinely think a wage rise to the bottom 2% is inflationary if they are fit for purpose, because that seems more political than economically rational.

So for me opposing a wage rise for low earners seems counter-productive, and hypocritical, a bit like accusing them of stealing the icing off the cake when in fact they are only being thrown a few crumbs.

PS; It's interesting how quickly Albanese has hit the ground running, it looks like if nothing else he won't be lacking in effort!

[capcom]

Well, you can forget any cuts to fuel excise.  marles said no this morning

[shawny]

PS; It's interesting how quickly Albanese has hit the ground running, it looks like if nothing else he won't be lacking in effort!

He certainly did that! 

Its reported his first change inside parliament was adding in Aboriginal and Torres Strait Islander flags behind podium next to Australian flag.

We all knew these sorts of changes are expected with this party but to do it first up is an insight into this PM and what lies ahead. 

[ElwoodBlues1]

Well, you can forget any cuts to fuel excise.  marles said no this morning

Yep, high fuel prices are here for a while , min wage earners who drive a car won't get much left from that 5% wage rise if it goes through...of course that effects diesel too so transport costs will be affected and that means more pain at the supermarket...

[Thryleon]

He certainly did that! 

Its reported his first change inside parliament was adding in Aboriginal and Torres Strait Islander flags behind podium next to Australian flag.

We all knew these sorts of changes are expected with this party but to do it first up is an insight into this PM and what lies ahead. 

To me this stuff is all optics based quick wins.

Putting two flags up is about as difficult as brushing your teeth in the morning.

The semblance of doing something whilst not really doing anything, and you can get the work experience kid to do it.

It was the responsibility of the students to run the flag up the flagpole when in high school. 

[LP]

To me this stuff is all optics based quick wins.

Putting two flags up is about as difficult as brushing your teeth in the morning.

The semblance of doing something whilst not really doing anything, and you can get the work experience kid to do it.

It was the responsibility of the students to run the flag up the flagpole when in high school.

You would have thought if it means and costs little or next to nothing while taking no effort at all Scotty from Marketing would have been onto it faster then a seagull on a chip, this concept of easy lip service was basically Scomo's ethos. Yet he wasn't and he didn't!

So in that regard I think it's pretty easy, almost too easy, to dismiss these little things as trivial!

[dodge]

Whinging in the US that 'gas' is averaging US4.59 per gallon (about US1.15 a litre)!  12 months ago it was US3.10 a gallon (77cents/litre)

[ElwoodBlues1]

To me this stuff is all optics based quick wins.

Putting two flags up is about as difficult as brushing your teeth in the morning.

The semblance of doing something whilst not really doing anything, and you can get the work experience kid to do it.

It was the responsibility of the students to run the flag up the flagpole when in high school. 

Bit of window dressing...

[LP]

Whinging in the US that 'gas' is averaging US4.59 per gallon (about US1.15 a litre)!  12 months ago it was US3.10 a gallon (77cents/litre)

If you think that is bad, wait and see what happens to the price of batteries and other eVehicle components when the price of fuel skyrockets, the experts seem to think the price of fuel is not even bad yet! :o

A lot of critical materials and elements are basically by-products of the petrochemical industry at the moment, when they no longer have to dig holes to get what they need, all the cost of those operations will fall on the ancillary products!

[Thryleon]

You would have thought if it means and costs little or next to nothing while taking no effort at all Scotty from Marketing would have been onto it faster then a seagull on a chip, this concept of easy lip service was basically Scomo's ethos. Yet he wasn't and he didn't!

So in that regard I think it's pretty easy, almost too easy, to dismiss these little things as trivial!

Sorry mate, you have to understand something.

Whether those flags existed next to the podium or not makes no difference.

Sure, semiotic and symbolic change, but to laud the incumbent for executing a change, when there are Aboriginal and Torres Straight Island flags on every government building around the country is absolutely not making any real difference aside from optics.

Let me tell you what this actually becomes about.  One upmanship.  The next leader from any party, can then wear a flag on the label of their clothing when in public.

Its like when they support the minority groups national days.  Its all vote winning optics and celebrating what our great country is about...