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The Forum > Article Comments > The third way: why business and unions are both wrong > Comments

The third way: why business and unions are both wrong : Comments

By Bryan Kavanagh, published 24/8/2011

If unions have their way with pay rises, it will be inflationary and put further pressures on business to reduce staffing levels. If business holds its line on no further pay rises, from whence shall effective demand arise?

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Thanks Bryan, this seems like an entirely sane and reasonable proposal to me.

As to super'. I think it suits those in stable employment who can accumulate a buffer and who don't need to draw on funds in instability and emergency - ie. the exact kind of jobs that were going south when super' was being introduced. It was outmoded before it was introduced.

And if it gets in the way of housing affordability then it is a major problem - one reason people don't need the same income in retirement as when they are in the workforce is because they use their time in the workforce to buy a house. It is about maintenance of lifestyle which is not the same as maintenance of income.
Posted by Evan Hadkins, Wednesday, 24 August 2011 9:31:23 AM
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Bryan Cavanagh,

Economists, to my humble opinion, fire ‘concepts’ without definitions and around their newly created entities build a world of hypothesis for their pure delight. This is the only truth to be found common to the ones I have attempted to decipher from Marx to Friedman.

‘Economic performance’, in this article, is in bad need of a definition.

As for Paul Keating’s economic history, I have some clothe-pegs made before his advent to power that tell me of his insanity every time I do my washing.

The refrain incessant remains: ‘Little people cause big problems and get paid for the trouble they cause with life emoluments.
Posted by skeptic, Wednesday, 24 August 2011 10:35:45 AM
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Moreover,

There are over eighty-thousand-eighty-hundred universities in the world which produce thousands and thousands of well baked Economists each year.

In economic terms these certificated whatnots are determined to live on the strength of their laurels, which means producing seas of opinions but not one with a fish in it.

The problems of society are thus magnified every day of the year with the input of mouths that claim a right to a share in the resources of the world while not contributing even a hook to catch an imaginary fish.

And not the least of such share they get, as we can judge by the seats on which the ones who post to this publication, repose their bums.
Posted by skeptic, Wednesday, 24 August 2011 6:08:03 PM
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You're not suggesting economists don't know what they're talking about, are you skeptic? :) Goodness!
Posted by freddington, Wednesday, 24 August 2011 7:08:29 PM
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Freddington,

If I belived in gods I would say: god forbid! I would never mean that.
Posted by skeptic, Wednesday, 24 August 2011 7:45:20 PM
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