fiery_valkyrie posted:

More "entitled young people" - from a young person this time


However, they buried the lede

Brown Paper Bag posted:

https://twitter.com/kagij/status/864368262347239424

Coucho Marx posted:

This was from yesterday, but:

Zenithe posted:

Seriously though, $200 a month on clothes.

Bogan King posted:

quote:

Consumers will also be hit with higher prices, analysts have predicted, as energy and raw material costs build up in shops while wages remain stubbornly low.

The median forecast of more than 20 banks surveyed by Bloomberg is for annual wage growth to hit 1.9 per cent when the Australian Bureau of Statistics releases figures for the first three months of this year.

The figure would put wage growth below the rise in the cost of living, at 2.1 per cent.

Negative real wage growth has occurred only twice since current records began two decades ago: during the global financial crisis, and across nine months in 2013-14.

According to the bureau's December figures, the cruder measure of average weekly earnings shows the growth in male wages is at its lowest level since World War Two.

The latest forecast comes after the National Centre for Social and Economic Modelling lashed the "wildly optimistic" forecasts of the Turnbull government's budget and leading economist Saul Eslake called the predicted wage growth figures "aspirational".

Former Liberal leader John Hewson weighed in on Tuesday night, claiming the government had "consistently overestimated tax revenue".

"They think a wage explosion is going to happen when unemployment is relatively flat; I don't see how those numbers add up," he told a post-budget forum at the Australian National University.

The budget booked in wages growth of 3.75 per cent by 2020 to help deliver a 16 per cent boost to tax receipts and bring it back to surplus by 2021.

Treasurer Scott Morrison has repeatedly defended the budget's wage predictions, reiterating Reserve Bank governor Philip Lowe's assessment that Australia was 90 per cent of the way through the end of the mining boom and wages would start to pick up again once the transition was complete.

"We actually took down the wage growth forecasts from what we had in December and they remain, as I said, in line with consensus forecasts in the country," he said last week, after emphasising that he understood the frustration of Australians experiencing low wage growth.

"It has been some time since many Australians have had a decent pay rise," he said. "Wage price growth has been modest, to put it diplomatically, and when your wages are tight, those services that you rely on become more and more important to you."

Commonwealth Bank economist Kristina Clifton said the sluggish wage growth had "started to weigh on spending", along with "high household debt levels".


"Rising house prices are typically associated with positive wealth effects," she said. "However, these wealth effects are now being swamped by highly indebted households trying to pay down their debt."

TD Securities analyst Annette Beacher forecasted "this week could be a game changer for monetary policy".

"If the labour market collapses in April, and March quarter wages growth decelerates further to a fresh record low, then we will be pushing out the timing of the first [Reserve Bank] hike," she said.

In a double hit for consumers, Morgan Stanley has predicted shops will pass rising energy and raw material costs on while wages remain low, contributing to inflation.


The wage figures have long frustrated the board of the Reserve Bank, who released the minutes of their May meeting on Tuesday and hinted they might have to cut rates if more Australians weren't able to get the jobs they wanted.

"It suggests an increased focus on underemployment," said JP Morgan chief economist Sally Auld. "Essentially, this is the jobs-versus-hours distinction – if hours rise, the underemployment rate should come down, but unemployment will be stable or higher."

Capital Economics forecaster Paul Dales said: "We have been saying it since last year: it's the high underemployment rate that's keeping wage growth low."

NTRabbit posted:

I wonder which self absorbed, power hungry, unhinged sack of poo poo the top of the Greens ticket is helping to drag the SA vote down?

DancingShade posted:

Except for the ones in AusPol of course. Being a goon is probably the best training any of them could hope for.
Compare the conduct in Parliament to what you see on SA and we're practically angelic.

foolish_fool posted:

Why join the greens if you want to climb the political ladder...

foolish_fool posted:

It sucks if this is the case as she always seemed to do a great job on immigration despite all the inherent challenges.

Webcormac McCarthy posted:

Hope you don't have to catch a bus in Sydney Region 6 in the coming days, apparantly union members have voted to go on strike. Whether or not it gets past the FWC

Bogan King posted:

Bogan King posted:

https://twitter.com/MattCowgill/status/787617660498432001

Bogan King posted:

https://twitter.com/MattCowgill/status/787617660498432001

Bogan King posted:

https://twitter.com/JoshButler/status/864432581051244544

Quantum Mechanic posted:

TBF it's mostly Nick Xenophon, but I shan't be shedding any tears when SHY is sent packing and has got get a real job for the first time in her life


I got in trouble for telling an opposing Councillor to kill them are selves so I wouldn't say the best training

(i did not actually do this)

CrazyTolradi posted:

Pell's a real piece of pus filled maggot riddled poo poo, it's not surprising at all this has come out and was obvious as gently caress when he was refusing to leave the Vatican.

Anidav posted:

Pell is fleeing to Rome so fast

hooman posted:

Watch me eat the words "Pell may be a huge piece of poo poo that did nothing about the abuse of children by priests but there's no evidence he himself was an abuser". Watch me eat them and choke and die.

Anidav posted:

*Pell appears in court with a breathing apparatus and a Jesus body pillow*
Nazi Germany mister speaker!

Bogan King posted:

CrazyTolradi posted:

He's already holed up in the Vatican.

WhiskeyWhiskers posted:

Apparently he's in London at the moment.

meteor9 posted:

Did the "smashed avo costing millennials houses" thing spread to the US recently or something?

Guardian posted:

For more than a year, camp managers and security staff have waged a campaign to make Australia’s detention centre for refugees and asylum seekers on Manus Island as inhospitable as possible, leaked documents reveal.

A plan drafted in early 2016 outlines moves to coerce those recognised as refugees into leaving the detention centre and accepting resettlement in Papua New Guinea, while pushing asylum seekers to abandon their protection claims and return home.

Documents obtained by the Guardian acknowledge that many felt unsafe in the Manus community, would face violence and danger if forced out and had been “institutionalised” during their detention.

The detention centre on the PNG island is one of Australia’s two offshore holding centres – along with the other on the Pacific island of Nauru – for asylum seekers and refugees.

Australian Border Force and PNG immigration officials announced this week the demolition of the Manus detention centre would begin this month, and every detainee within would be removed – forcibly if necessary – by 31 October.

Under the confidential plan to coerce people to leave, refugees were to be separated from “transferees” – those who had not been formally recognised as refugees.

The documents, from camp manager Broadspectrum and security contractor Wilson, reveal efforts to push those recognised as refugees to accept relocation to the East Lorengau transit centre, and ultimately resettlement in PNG, while persuading those without refugee status to abandon their claim to protection and go home.

The document says: “Conditions for refugees at East Lorengau refugee transit centre should be more attractive than for refugees at Lombrum RPC. Conditions for refugees at the RPC should be more attractive than conditions for transferees.”

Lots more with docs in article so click here.

DancingShade posted:

If Australian law enforcement isn't on the phone to Scotland Yard already they should be.