Advance Australia Where?

[boris1gary]

Wheres my passport............

IA - today

An economy being wrecked; warlike skirmishes with Indonesia nearing; Niugini likely to expel our cruel colonising tormentors of children from their shores; a U.S. Secretary of State denouncing our global warming policy; the Iranians condemning our record on human rights; a High Commissioner, Labor and competent, sacked and replaced by a fatuous tory suspected of war crimes; a Health Minister assisting the chocolate industry and misleading parliament; Australia derided world-wide and a thousand more days of this to come.

[boris1gary]

while waiting for some positives from the positive posters i found this, proof that Abbott is positively ridiculous.

[zelly888]

Poddster you're so funny

[poddster]

You forgot truthful, realistic, aware and observant 🙂

[darksideofthemoon]

Oh come on now boris you are OTT and even if you could find your passport where do you think you'd be better off?

No, Australia is not 'derided world wide'  other people have their own problems and are not interested.

[boris1gary]

[boris1gary]

I suppose this could be positive,who will the Prime Minister for Unemployment blame now

The Age - today

Don't believe what you've heard. Wages are barely climbing. The Bureau of Statistics compiles the only reliable measure, and it came out on Wednesday.

In the year to December, the bureau's wage price index rose 2.6 per cent. So low is the result that it is beaten by inflation at 2.7 per cent.

It is the lowest outcome this century and the lowest on record, because records date back only to the late 1990s.

Throughout most of the past 13 years wages have grown at more than 3.5 per cent. For four years from 2005 they grew at more than 4 per cent.

Advertisement

The Australian Chamber of Commerce and Industry describes the latest result of 2.6 per cent as “stagnant”. The Bank of Melbourne says it’s “soft like fairy floss”. It is soft because employment is soft. Wage growth always slows when employment growth slows, and it ramps up when the jobs market ramps up.

The new lower rate of wage growth is good news for those concerned about a wage-price spiral. The lower dollar was pushing up the price of imports. If that had fed through into higher wages which had themselves fed through into higher prices, the Reserve Bank would have been concerned.

Exporters would have been worried too. Accelerating wage growth would have made them less competitive at the same time the dollar was making them more competitive.

Talk about wages hitting economic growth is political.

[izabsmiling]

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@boris1gary wrote:

I suppose this could be positive,who will the Prime Minister for Unemployment blame now

The Age - today

Don't believe what you've heard. Wages are barely climbing. The Bureau of Statistics compiles the only reliable measure, and it came out on Wednesday.

In the year to December, the bureau's wage price index rose 2.6 per cent. So low is the result that it is beaten by inflation at 2.7 per cent.

It is the lowest outcome this century and the lowest on record, because records date back only to the late 1990s.

Throughout most of the past 13 years wages have grown at more than 3.5 per cent. For four years from 2005 they grew at more than 4 per cent.

Advertisement

The Australian Chamber of Commerce and Industry describes the latest result of 2.6 per cent as “stagnant”. The Bank of Melbourne says it’s “soft like fairy floss”. It is soft because employment is soft. Wage growth always slows when employment growth slows, and it ramps up when the jobs market ramps up.

The new lower rate of wage growth is good news for those concerned about a wage-price spiral. The lower dollar was pushing up the price of imports. If that had fed through into higher wages which had themselves fed through into higher prices, the Reserve Bank would have been concerned.

Exporters would have been worried too. Accelerating wage growth would have made them less competitive at the same time the dollar was making them more competitive.

Talk about wages hitting economic growth is political.

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from the above 

those concerned about a wage-price spiral    

Gina must be smiling...we are not working for $2 a day yet though .So her work and the work of other fat cats is not yet done .

[the_hawk*]

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@*mrgrizz* wrote:

bye

we can use less negative people

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Just because you dont like the news doesnt make it untrue.

[izabsmiling]

agree Hawk, people should be more informed ...even if the facts aren't to their liking

[boris1gary]

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@izabsmiling wrote:

agree Hawk, people should be more informed ...even if the facts aren't to their liking

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izabs, seems that facts don't come into it - just read the telegraph or the australian

I'm always in the know

cause the Tele tells me so,

I've got my finger

on the pulse of this great nation.............