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The Forum > General Discussion > Is Capitalism Dying from Coronavirus

Is Capitalism Dying from Coronavirus

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ummm, majority of Aust's support penalty rates. part of Australian democracy.

i expect penalty rates will be around for a long time yet.

and while they are, many will take advantage of them.

i know u guys are super brilliant, much superior to us arts graduates, abc journos, and left wing lunatics, but how about some analysis that proves that penalty rates do not or should not exist in all successful economies?

Come on, give us an OLO piece since we are so useless. i look forward to it.
Posted by Chris Lewis, Wednesday, 8 April 2020 2:28:41 PM
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i am actually open on question, so convince me please OLO conservative know all elites.

i note that China pays overtime rates, albeit only for excess hours.

https://www.attorneyhelp.org/guide/how-do-other-countries-stack-up-when-it-comes-to-paying-overtime-wages-198.shtml
Posted by Chris Lewis, Wednesday, 8 April 2020 7:10:30 PM
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majority of Aust's support penalty rates. part of Australian democracy.
Chris Lewis,
You'll find that that majority would not be so eager to support penalty rates if they had to pay double for a meal & drink after hours or at the 24 hr shops.
Overtime should only be paid if there's no-one else to finish a job. Deliberately choosing to only work after hours should not attract extra pay. Extra work=extra pay ! Same work=same pay !
Same performance=same pay ! Increased performance=extra pay !
After all, isn't that equality ?
Haven't people learnt yet that the boss can't pay more than what the employees get for him in return ?
Posted by individual, Wednesday, 8 April 2020 7:42:28 PM
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individual, i do agree that penalty rates are too high.

working in sport and rec,albeit shutdown at moment, we get paid 250% for working on public holidays and 200% for sundays. reality is very few people come in on those days.

i have always thought that 150% should be the maximum rate.

having said that, we can only take advantage of what exists. the ten hours i do on the weekends at higher rates is the very reason why i took the job
Posted by Chris Lewis, Thursday, 9 April 2020 5:16:00 AM
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Where to from here? Conservative politicians around the World have abandoned their free market principles in favour of socialism, some would say even totalitarian communism. The Morrison government poured billions out to supposedly hibernate capitalistic business, and protect displaced workers for up to six months, all well and good. That support runs out in a very short time, before the end of the year in fact.

Now we're in the economic lifeboat, we have six months of supplies, but no oars, no map and no compass. Landfall and safety in the form of a vaccine is a year, maybe two, maybe never, away. What should we plan to do for the future, besides stay home, sleep and bang on our computers, hibernate. Leave things as they are and most likely we'll wake up to a massive headache and a World wide depression! Will that be the time to abandon failed capitalism and embrace communism for the good of the majority, or the minority that has serviced. Would the Chinese model be appealing? By then welding doors shut might be more appealing than starvation.
Posted by Paul1405, Saturday, 11 April 2020 6:12:29 AM
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Hey Paul, have you chosen the sights for the gulags & death camps to go.

You can't have communism with out those, as history tells us in no uncertain manner.
Posted by Hasbeen, Saturday, 11 April 2020 1:53:22 PM
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