Hi Pericles,

>>Stabilisation designs out unemployment and underemployment. (happy to chat further, if you have any queries)<<

Ok. How about you begin with a more convincing example?

Posted by Pericles, Thursday, 23 February 2012 8:29:24 AM

Pericles,
it's good to test this assumption. Stabilisation leads to labour becoming more scarce.

With scarcity ( as in any commodity ) labour becomes more valuable, treasured as a resource suddenly, there is money for re-training and with labour worth something, it finally gives an incentive to get of the dole or disability pension.

Cheers,

Ralph

A fascinating theory, Ralph Bennett.

>>Pericles, it's good to test this assumption. Stabilisation leads to labour becoming more scarce. With scarcity ( as in any commodity ) labour becomes more valuable, treasured as a resource suddenly, there is money for re-training and with labour worth something, it finally gives an incentive to get of the dole or disability pension.<<

Let me see if I am following this.

Labour becomes more scarce, and therefore more expensive. So naturally, the cost of living will rise inexorably, as the cost of employment increases, leading to even higher prices, leading to... galloping inflation?

In which case, where does the "money for re-training" magically appear from?

It would appear that you are concentrating on one half of the equation - the fact that your labour would be more valuable - and completely ignoring the other, which is that someone actually has to be in a position to pay those higher costs.

There would, without doubt, be a major "incentive to get of the dole or disability pension", given the soaring cost of living.

Sadly, there'd be precious little opportunity to do so.

Incidentally, do you in fact have an illustration of your earlier theory - "you can have full employment if you don't grow the economy........if you stabilise population growth", apart from Denmark?

The best way to get the disabled into the work force, is by full time subsidizing of wages.

I have not employed anyone with a disability for many years now, however when I did, I as entitled to 26 weeks subsidy at something like 30%, then, I was expected to pay full rates.

This will never work, ever!

Many of these disabled people would love to work, some actually do and they are real heroes in my opinion.

There was a lady at the local check out in a wheel chair and I used to wait for her as often as possible as although I never said anything to her, I thought she was a real trooper.

Hi Pericles,

"Let me see if I am following this.

Labour becomes more scarce, and therefore more expensive. So naturally, the cost of living will rise inexorably, as the cost of employment increases, leading to even higher prices, leading to... galloping inflation?

In which case, where does the "money for re-training" magically appear from?"

Stabilisation is a fascinating design. For example, inflation of wages will mean less service industry jobs.....lawn mowing people etc but there will be a decrease in housing costs, electricity, water etc . The retraining money comes from the money we would have spent on growth infrastructure . For example, instead of spending 3 billion dollars on upgrading the Pacific highway because of congestion, we could have spent that money on emerging technologies and retraining.

"It would appear that you are concentrating on one half of the equation - the fact that your labour would be more valuable - and completely ignoring the other, which is that someone actually has to be in a position to pay those higher costs."

We don't want the working poor in Australia. High wages can be acheived by investment in productive, export orientated activity. Investment in more people is an investment in more pollution and increases imports.

"Incidentally, do you in fact have an illustration of your earlier theory - "you can have full employment if you don't grow the economy........if you stabilise population growth", apart from Denmark?"

All the smart countries have basically stable populations.Try Switzerland and Norway. You can't look after the environment and increase the number of our species.

With all the Green rantings that consumption is the issue; the level of per capita consumption is increasing. It is a tragedy that The Greens are pro open borders , trashing our environment and doing the heavy lifting for big business to promote endless growth, in a finite world.

Posted by Pericles, Thursday, 23 February 2012 10:01:19 PM