[Quinny]

I recently followed a link from PO to a video by an economics professor who went through the way that real wages had not expanded since the 70's and how major manufacturing concrens moved into the credit business. Can't remember the guy's name, but although he's leftish mentions appearing on a right wing chat show where the guy agreed with him.

I've searched and cannot find this video. Could someone point me in the right direction.

[Keith_McClary]

Dtd you try Google searches like:
site:peakoil.com link:youtube.com "real wages"
or
site:peakoil.com/forums link:youtube.com "real wages"
or
site:peakoil.com/business link:youtube.com "real wages"
etc. if it was from a news article
?

[Quinny]

Thanks. Tried it but still struggling

[Ferretlover]

Try the advanced search engine here. I found 24 threads on wages, 69 on credit and 12 using the keyword expansion. Good luck.
Since it sounds like economics, check that forum for topics dated around when you think it was posted.

[theluckycountry]

"It's like a take home layby Ha Ha Ha"
Yes Karen, but with interest.

https://www.youtube.com/watch?v=V1Xld0Bl-aw

Zoe, 3 years out out school and on the brink of bankruptcy with $70,000 debt-- "Why, why was I so stupid?

[AdamB]

Zoe, 3 years out out school and on the brink of bankruptcy with $70,000 debt-- "Why, why was I so stupid?

Raised by Aussies....as you so often point out....what else needs said? Thanks for reminding us about the Western world's misconceptions about you descendants of criminals and deviants and whatnot.

[Shaved Monkey]

Australians have been left mortified and shocked after US workers have revealed how little annual leave they get.

In Australia, full-time workers are entitled to four weeks of annual leave for every 12 months of work.

In the US, annual leave can be subjective and change depending on your employer, but on average, workers receive 10 days paid leave a year.

“Shocked in Australian. I get 35 days plus public holidays,” one shared, adding that they also get long service leave.(3 months full pay after 10 years or 6 months half pay)
Plus sick days at full pay most get 10 Plus days (a friend has unlimited sick days, you just need a Drs certificate if its more than 1 in a row...this is rare 10 or 12 is fairly normal)

In the US, the average salary is just shy of $AU100,000 at $AU98,000 but in Australia the average wage is actually more. According to the Australian Bureau of Statistics, it is now $103,812.

“Americans live to work and Aussies work to live,”

https://www.news.com.au/finance/work/at ... 514ed7eee4

[AdamB]

Australians have been left mortified and shocked after US workers have revealed how little annual leave they get.

In Australia, full-time workers are entitled to four weeks of annual leave for every 12 months of work.

By "entitled to" does it mean it is some sort of mandated minimum or something?

In the US, annual leave can be subjective and change depending on your employer, but on average, workers receive 10 days paid leave a year.

As with many things in America, there is no requirement to stay "average". I've got a newly graduated kid, started his first full time job post college and he's already got 4-6 weeks, but isn't sure yet the additional sick leave available. Some green behind the ears newbie for crying out loud. I don't expect him to stay "average" in America any longer than I did.

“Shocked in Australian. I get 35 days plus public holidays,” one shared, adding that they also get long service leave.(3 months full pay after 10 years or 6 months half pay)

Now 35 days sounds pretty good!

In the US, the average salary is just shy of $AU100,000 at $AU98,000 but in Australia the average wage is actually more. According to the Australian Bureau of Statistics, it is now $103,812.
“Americans live to work and Aussies work to live,”

Plus if you are "Lucky" you've got kangaroos you can ride to work!

If you live in the land of average....you appreciate the averages. In America..the distribution of reward is heavily right skewed. It pays to not live in the land of the "average". If you aren't an "average" person of course. If you are just looking for state handouts...by all means...move to Australia.

[theluckycountry]

Australians have been left mortified and shocked after US workers have revealed how little annual leave they get. In Australia, full-time workers are entitled to four weeks of annual leave for every 12 months of work.

A growing trend too is semi retirement after 55. A lot of average workers in various sectors choose to work just 2 or 3 days a week and the bosses love it because they can double their workforce and have extra personnel on hand when one is sick or takes annual leave or long service leave. It's not uncommon for someone to store up long service until they have 20 years worth then take half a year off on paid leave only to return as a part time worker. Easy once you have the home paid off.

My brother is considering it though he gave $100k each to the kids to help them out with their mortgages so he's not as well funded now. I never understood this business of helping your kids to buy their homes, let them pay for it, it's not like it's an impossible task? Sure home prices are high right now compared to wages but they need to stop all this panic and look ahead 20 years to what their wages will be then. We had to live through it, Australia is a rich nation and will continue to prosper for many decades I believe even as the rest of the Western block sinks into poverty.

Perhaps one day we'll join the BRICS, we have the qualifications, abundant untapped natural resources. You look at America and it's like a tailings dump, nothing left of value. When we're ready we'll open those capped wells all across central Australia and move into a new era of oil production. And then there is the Australian Bight, and the untapped West coast fields. We have more shale oil than America but were not stupid enough to go after that, it's effectively worthless, as the US experience has proven.

Australia is a major petroleum producer and importer, with a number of petroleum companies involved in upstream and downstream operations. Western Australia is the largest contributor to Australia's production of most petroleum products.

Equinor is the only company considering drilling in the Bight, after BP withdrew from the project in 2016 and Chevron withdrew in 2017. Australia’s offshore oil and gas authority, NOPSEMA, sent back BP’s application to drill in the Bight twice and said BP needs a comprehensive risk assessment and oil pollution emergency plan. BP subsequently submitted a new application to drill at just two sites in its leases, but then abandoned their drilling program in October 2016.

We want no US style disasters here thanks. Get your Tech right or PissOff. We don't need the money.

Central Petroleum has significant operations within the proven Amadeus Basin, which has some of Australia’s largest prospective onshore resources of conventional gas. (EnergyQuest estimate that the Amadeus Basin contains 53 Tcf of gas resources).

Although the Amadeus Basin has provided reliable, high-quality oil and gas since the 1970s, the basin is relatively under-explored and is believed to hold significant untapped potential for decades of reliable, high-volume gas supply.

https://centralpetroleum.com.au/current-activities/























Basically the same land area as the continental US and only 25 million people. China has cities with that population!

[AdamB]

Basically the same land area as the continental US and only 25 million people. China has cities with that population! Obviously, there is that little secret we don't normally talk about...but..

We understand Lucky. No need to feel ashamed, maybe your population will grow if you could just grow some hair, groom up...a little..and the women folk won't mind breeding with your ilk?

[theluckycountry]

did you ever see those ads about Australia on TV years ago. We put a stop to those, too many yanks coming down. Now all you hear is stories about how we have no guns and are defenseless, perfect psychology to ward off the immigrants of a degenerate empire. Very little is know of Australia to outsiders and we like to keep it that way. My post above was really a bit of a betrayal, think of this instead



Sorry, I searched and searched for images of Australian poverty, but none came up



I did find this pic off an sbs page, but it's clearly a photoshop, all the kids are basically the same age and 5 of them look pasted into the picture. The family is probably just the 3 in the foreground and live in a house behind the camera, dump-rats with an old van in the yard? Even the rubbish pile looks fake, note the manicured lawn right up to edge of it.

[AdamB]

Sorry, I searched and searched for images of Australian poverty, but none came up

Really? Not going to discuss what you see by street corners "down under" are you?

Worried about that part of your DNA that isn't prison based is local based perhaps? And you made it to BIG TIME....look more white than not, and can pretend that your 9th grade education makes you a GENIUS compared to your DNA profile.

[careinke]

Sorry, I searched and searched for images of Australian poverty, but none came up

Really? Not going to discuss what you see by street corners "down under" are you?

Worried about that part of your DNA that isn't prison based is local based perhaps? And you made it to BIG TIME....look more white than not, and can pretend that your 9th grade education makes you a GENIUS compared to your DNA profile.

Lucky is not allowed to criticize his own government for fear jail time. He carries that fear to the point he will tell you he is incapable of finding poor Aussies even though we know that is ridiculous. It's OK, we understand. Don't worry things will get better as we move into the Stellar Age.

Peace (and prosperity)

[AdamB]

Lucky is not allowed to criticize his own government for fear jail time.

Really? Is this because the King is upset with his old prison colony island for managing it as a Chinese mining colony, or just because no one really likes neoNazis scumbags in general?

He carries that fear to the point he will tell you he is incapable of finding poor Aussies even though we know that is ridiculous. It's OK, we understand. Don't worry things will get better as we move into the Stellar Age.
Peace (and prosperity)

Well, Lucky is ridiculous, we haven't seen this much of a ignorant parrot since Armageddon.

[theluckycountry]

Lucky is not allowed to criticize his own government for fear jail time... Don't worry things will get better as we move into the Stellar Age.

Peace (and prosperity)

lol, really? I must have missed those stories. You're the nation that jails people for wrong speech, you have the largest per capita prison population on the Planet! As for those full blood aboriginals, that's the way they have lived for thousands of years and we respect their choices. They would only have to snap their fingers and the government would build them homes for free. We did a lot of that back in the day, misguidedly. They always trashed the homes, burnt holes in the floor and went out and lived under tin sheets with their dogs and lubras. I saw it first hand in West Australia, they don't want our culture, they just want to sit around all day on their bums.

[AdamB]

You're the nation that jails people for wrong speech, you have the largest per capita prison population on the Planet!

American exceptionalism cuts both ways. And we ARE a nation, not some fake nation colony toady to a King on the other side of the planet. Australian exceptionalism goes like this...we overthrew the yoke of the King when the British Empire ruled the world....exceptionalism began early....250 years later....you folks couldn't fight off a single one of those Chinese landings barges they plan on taking over Taiwan with.

And lets say you could, knock out a SINGLE Chinese landing barge and went for #2? You would be doing it with weapons built for you by others....because your DNA doesn't give you and your coutrymen enough IQ points to build a CAR.

So, how much of your DNA comes from those poor people you don't want to admit sit on the street corners? Were any of the kids in that picture yours?

[theluckycountry]

Here's inke's stellar age
The UniTree H1, Only $90,000 USD

https://x.com/uimusog6125/status/1918139076206837927