Phil Lowe drags class war to new lows

Fair dinkum, Phil, what is this?

“When any of us feel like there is more competition out there you’re less inclined to put your price up,” he told the Crawford Australian Leadership Forum hosted by the Australian National University in Canberra on Monday.

“People value security and one way you can get a bit more security is not to demand a wage rise.

“Firms act like that and workers act like that,” he said, adding that shouldn’t be something workers should “get used to”.

…The real source of unhappiness, he argued, was the lack of a willingness among workers to make the case for higher wages.

He said fears around a lack of productivity growth, as technology impacts the labour market, was likely to be a temporary slowdown only.

“Productivity growth tends to come in waves, and in the optimistic interpretation we’ll see another wave some time not too far down the track.

“A second factor is that workers feel like there are more competitors out there, they’re worried about the foreigners and the robots.”

“Hopefully running for a few years now with quite tight labour markets [will be] re-energising workers to get more of the labour share.

“At some point, one imagines that’s going to lead to workers being prepared to ask for larger wage rises.

Australian workers are at the pointy end of a rampant class war that includes mass immigration, systematic visa rorting, hollowing out, wholesale support for property capital owners, de-unionisation, the rise of robots and media corruption. Yet somehow in the mind of the RBA head these structural features of the labour market are secondary to worker anxiety and timidity in the production of low income growth.

With respect, Governor, that is two centuries of economic thinking replaced by several sentences of arse-covering shit.

Even Jabba Christensen has  a stronger grasp of supply and demand than does the Governor, at The Australian:

Queenslander George Christensen has defended his decision to introduce a private bill to prevent a Fair Work Commission ruling to cut Sunday rates for some workers, reports AAP.

The Nationals MP told parliament he was “breaking ranks” with the coalition by putting the bill forward.

“First and foremost, legislation concerning people’s livelihoods and their ability to put food on the table should be considered very carefully,” he told MPs.

“I believe that rank-and-file members of the Labor party and the Greens would fully support this bill, and I challenge the members opposite and those in the Senate to demonstrate that they do in fact support Australian workers,” he said. “I challenge the unions to instruct their members to support this bill, to instruct their puppets in the Labor party to support this bill.”

Workers would get pay rises if they could but are being systematically stripped of pricing power by Phil Lowe&Co.

Comments

  1. Why is it ok for Canada to have much less immigration than AUS?

    Why is it OK for Japan to have a shrinking population?

    • hareebaMEMBER

      You are becoming extremely annoying and boring Jacob. Same shit day after day.

      I already know what your reply will be. Yawn.

      • HadronCollision

        I am missing the removal of the high flow shower ban gag.

        I just got back from a week in Bargara where I spent my shower time revelling under the hot high flow showers.

    • hareebaMEMBER

      Yes … your reply was what I expected and no I am not a closet anything.

      Some of your posts are good and add to the discussion but banging on about what other countries do is a weak argument. I am anti the current immigration charade but not because of what Canada or Japan do. Just because it is corrupt and stupid.

      I understand your frustration but maybe change the tune a tad.

      • When AUS became a nation of 24 million, only Bob Carr had something to say. The ALP and LNP had nothing to say!

        But after the return of Pauline, the Brexit referendum, and Trump winning the election, the puppets and globalists are running around trying to defend an outrageous immigration rate and saying that meteorites will start falling on Sydney if the immigration rate is cut.

        Leith van Onselen and Houses and Holes produced graphs showing population growth in Norway v Saudi Arabia. Guess which nation has the biggest sovereign wealth fund?

        Also produced graphs showing the immigration rate into AUS vs other nations including Canada.

        AUS runs inhumane and costly offshore detention centres to pretend that AUS is against any level of immigration!

        But the authors of this website question, “are Canadians political extremists for having a much lower immigration rate than AUS?”

        and

        “what is bad about the lower unemployment rate in Japan?”

        Oh no! How dare they mention other nations!

  2. BrentonMEMBER

    “Australian workers are at the pointy end of a rampant class war that includes mass immigration, hollowing out, wholesale support for property capital owners, de-unionisation and media corruption.”

    +1000 Never have I seen Australia’s economic woes so succinctly summarized.

  3. Maybe these are not profits for which workers can demand a greater slice.
    Maybe these are monopoly rents which are increasing ?

  4. proofreadersMEMBER

    “Workers would get pay rises if they could but are being systematically stripped of pricing power by Phil Lowe&Co.”

    For the RBA, Bubble-o-Phil’s equivalent “workers” are effectively savers and haven’t Bubble-o-Phil and Captain Glenn done a nice hatchet job on savers’ pricing power?

  5. mine-otour in a china shop

    What about the Foreign Robots – coming in here with their foreign coding languages and stealing our domestic robot jobs?

    I am living in fear of that deadly combination – oh and bluffers running the economy here…

  6. GunnamattaMEMBER

    “People value security and one way you can get a bit more security is not to demand a wage rise.

    “Firms act like that and workers act like that,” he said, adding that shouldn’t be something workers should “get used to”.

    …The real source of unhappiness, he argued, was the lack of a willingness among workers to make the case for higher wages.

    That is an RBA Governor calling for higher rates of union membership right there.

    And i would have thought there would be those on the nutjob end of the Torynuff spectrum who would take offence

    • >Fair dinkum, Phil, what is this?
      The fact is that the economy is so fully in the hands of the rent seekers that he can say this sort of stuff, just to look better. The same way a rich banker feels when dropping a dollar in the begging bowl of an unemployed man on the street.

      When you have won the battle, it is gracious to give lip service to your enemy.

      • GunnamattaMEMBER

        Thats about the sum of it……

        Alsofairly rich from a man who has worked at the RBA from the get go and has never worked in an organisation where:-

        A. Everone didnt know what everyone else was getting and where pay outcomes for all werent quite overt.

        B. He has ever had to ask for a pay rise – as opposed to having one built into his classification or performance management system – except at uber level where he would have been dead sure what was an acceptable ask.

        C. In circumstances where he would have thought there was some risk of him losing his job for asking

    • Union power destroyed by globalisation, and the unions continue to support a Labor party that promotes those same globalisation policies. If they want me to join them they need stop being a bunch of twats and force Labor’s hand on immigration.

      • BrentonMEMBER

        Difficult, when the public psyche has been tuned to immediately associate a union dominated Labor with corruption/bad for humanity. It’s Bill Shorten’s main drawback as far as the plebs goes; all that evil union business.

        MSM have worked their magic.
        People have been very effectively convinced that it is in their best interest to sign away all labour rights in favor of corporate dominion. It’s like a severe case of Stockholm syndrome. How else to explain the lunacy of electing a billionaire elitist as the President that would be the ‘champion’ of the American working class…or for that matter, a multi millionaire bankster as the prime minister that will grow Australian jobs/wages…

      • HadronCollision

        Also the fees.

        And how’s the poor UFU Vic. Needing to wack on a litigation levy to pay for the court case against it, that the union won, but of course the bringers of the case (who lost) didn’t have to pay costs. Imagine had the union lost. They’d be paying costs.

  7. I’ve heard of this other -ism that constantly talks about class warfare, when’s MB gonna come out of the closet and stick the hammer and sickle out and be done with it.

  8. oliver47MEMBER

    Clearly, DrPhil is concerned about domestic demand in the Australian economy, something he did not mention in his formal speech
    https://www.macrobusiness.com.au/2017/06/phil-lowe-addresses-post-truth-pack-lies
    He’s asking workers to do the heavy-lifting. WTF, he must know that wage negotiations are asymmetric, and that modern “human resource management” practices are deliberately disempowering. I expect our Lucy will be next, exhorting Australian women to get pregnant!

  9. oliver47MEMBER

    Dr Phil’s other off-script (formal speech) remark –
    “Dr Lowe said ultimately most of the problems of competition, technology and job security would be addressed through investment in education. “These problems we’re talking about aren’t going to be solved in one year or two years, they’re going to be solved over a decade – maybe, if we’re lucky. “In a decade you can really make a difference to the way you do human capital formation. It seems to me that needs to be the focus.”
    In view of Australia’s alarming fall in educational outcomes ranking, I hope the politicians heard that.

    • Tassie TomMEMBER

      Investment in PRIVATE education, that is.

      What’s to be gained by bringing the losers up to the level of “moderate”? We should dedicate our taxpayer dollars in bringing the winners up to the rank of “world beater”.

  10. With higher wages in the economy, ordinary mums and dads trying to get ahead with millions and taxable incomes of less than 80k can increase their rents. Someone needs to tell Malcolm, the ordinary mum and dad millionaire.