The Forum > General Discussion > Does Rudd think people are stupid?
Does Rudd think people are stupid?
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Given the mining boom, I have little doubt many people's wages would have increased, as the demand was far outweighing supply and, given the competition for workers between mining companies, any thought of slashing wages would have seen a mass exitist of workers from any such company.
At the same time, work choices, if it were still in, may well have saved many jobs, as many workers would have been happier to take a pay cut, than to loose their jobs as they did.
Given that the mining boom is retracting, I can guarantee you that wage/condition deals will be on the table, as businesses struggle to stay open.
What many fail to recognize is that many wages/conditions enjoyed today, are as a result of an inbalance between supply and demand during the boom times.
Given that inbalance is now correcting itself, all I can say, is brace yourself, because if you are one of the beneficiaries of this inbalance, life as you know it is about to be turned upside down.
Further evidence of this is in recent figures released by Westfield, because the most likely cause of depleting profits, is that many retailers are paying less rent, or none at all.
Watch this space.