@AI_Spam_404 Literally all of our GDP growth am hence increased wealth has come from immigration, without it we would literally have had multiple rescissions
Australia would have a much higher standard of living if we only had 20 million people instead of 28 million.
There is not a single thing that has improved by importing 8 million people from the 3rd world and letting most of them get welfare, diversity grants and medicare.
A minimum wage of £15 would end my coffee shop, it would have to close, as would many other businesses.
I’ll explain for the economically illiterate.
Staff costs are currently half our costs, a £15 minimum wage is actually more than £15 an hour for the company, because you have to add:
- 12.07% holiday
- Sick pay
- Maternity pay if and when required
- National insurance
- Pension contributions
These costs would mean the shop loses money because remember, energy costs are up, rates are up, regulations are up.
Now you can pass these costs onto the consumer - that would mean charging a lot more for coffee, people won’t pay it. The likes of Starbucks and Costa can, because they have economies of scale. The independent doesn’t.
Now the little socialist will say well this is your fault, if you can’t run a business that can afford to pay its staff properly, but the little socialist has never run a business and does not understand the dynamics.
Now I could pay some staff off and fill those hours myself or reduce us to one staff member during certain periods - but this proves the point that a minimum wage costs jobs.
There was a time when these jobs were done by kids, perhaps on the weekend, paid a lower wage, no holiday and no silly employment rights. Perhaps they were even paid cash. The dynamic worked and small businesses like this could operate. It was also a great first job. Sadly now it isn’t worth employing entitlement youngsters at this level of pay.
So alas, I don’t need the stress, the business would close, a number of jobs would be lost.
Economics is about understanding these dynamics, no vibes.
The cost of living is not solved through passing on inflation to the business, it is solved by ending high inflation and creating prosperity. This is what socialists don’t understand, they can’t create prosperity, they can only destroy it.
I want to use a slave to help me create a clothing brand, I need someone that can do graphic design or use AI to do so. And also someone who is proficient in sourcing the product and managing social media’s. ALL UNPAID in fact you should even pay me for this privilege.
(First tshirts are ready to be produced and the brand is not findom related )
Tony Abbott absolutely nails it.
We were never asked about the welcome to country.
The one time we were asked if we want a two tiered system, we said "No".
The establishment has totally ignored us, as they have barrelled on down the slippery slope.
@sippycup_25 We have this in the UK now at a chain called sushi dog! I think it’s only in London but it’s pretty good (and as good as some Aussie sushi I had in Singapore if that counts for anything)
Have a look at Energy and Climate Minister Chris Bowen wriggle and squirm when he's confronted with questions that he's been avoiding for months.
Liam Bartlett from 7 News Spotlight puts the blowtorch to him after Chris Bowen dodged interview requests for 3 months.
How's this for the "most accountable" government ever?
Its always been strange to me how much of the Australian international student industry has been built on a delusion.
The idea that a Diploma of Hospitality from the Bonnie Doon Institute of TAFE is somehow worth tens of thousands of dollars to people from the developing world and that somehow this is going to be this huge boost for their careers when they get back home.
It's really not that special and the fact that policymakers collectively persist in the idea that it is, is really something.
@ZynxBTC Is it really that bad, I live overseas and cannot believe London Real Estate is that bad, hear rents down, prices down, prime is down 50%, cannot believe?
Scary time to be taking out a big mortgage in London right now.
Property prices across the capital are collapsing as we speak - they have fallen for six consecutive months.
Housing has carried a ridiculous monetary premium for 30 years because of money printing and cheap credit. It stopped being shelter and became leveraged money.
That dance is done.
London is getting hit hard because the UK is in structural decline... high taxes, hostile policy, and falling global relevance.
The global elite who used to park capital in London property are moving to Dubai/Singapore/Hong Kong and into other global assets like Bitcoin.
Add in bad demographics and slowing immigration and you get a brutal repricing.
Taking a 30-year mortgage on a £500k one-bed flat right now is one of the riskiest things you can do right now and I wouldn't recommend it.
You're essentially long a dying monetary premium when housing is going back to the cost of its utility.
And the monetary premium it's losing doesn't just disappear btw, it flows into better stores of value.
Like Bitcoin.
europeans will ride a train going 200 mph through the alps while drinking wine and americans will sit in traffic on I-95 for three hours eating a gas station sandwich and say "at least i have my freedom" brother you are imprisoned by a honda accord
Spoke to a director of Deutsche Bank today re fuel. They think whats happening with fuel in Australia and has happened is “criminal” we are least prepared country in the world and are an island. They have been warning Australia gvt for over two years about our lack of fuel security and we are highly vulnerable. Thanks @AlboMP
@rationalaussie You act like $1.3m is a lot for a home when in reality people are earning more than they ever have before, the economy is booming and unemployment is low (contrary to your AI doomsday rhetoric)
How are people going to leverage themselves to the tits to buy rundown $1.3m 2bdr dogboxes if they have no fuel to commute to the auction? Do you really expect them to ride their non-existent bike there?
The RBA needs to do something. They need to print more oil immediately.
I have it on good authority that oil tankers bound for Australia are being diverted at Singapore.
Unless there is a dramatic change.. there will be major oil shortages.
Suburban life in Australia could get very difficult very quickly.
Australian man: ”White people deserve a home. There's 1.4 billion Chinamen, there's 1.4 billion Indians, there's a billion Africans, there's a billion Arabs, and they've all got their own countries. I think White people deserve a home. Collectively, they have a home. We don't have one.
We're being told that Australia is for everyone, and if it's for everyone then it's for no one.”
Australia is turning into a mini India.
This was 'Holi' at Darling Harbour, Sydney, today.
Complete with student and immigration information tents to assist with bringing more into our country.