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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: carranza2 who wrote (188323)6/3/2022 6:29:55 AM
From: TobagoJack  Read Replies (1) | Respond to of 217738
 
In the meantime does the below initiative sound vaguely chiming with a little book re France leading up to the revolution?

bloomberg.com

Australia’s New PM Proposes Faster-Than-Inflation Wage Gains

Albanese filed submission to FWC ahead of annual wage review Watchdog’s annual wage review decision expected this month

Swati Pandey
3 June 2022, 14:11 GMT+8



Anthony Albanese

Photographer: Brent Lewin/BloombergNew Australian Prime Minister Anthony Albanese has made a submission to the country’s labor watchdog, proposing to lift minimum wages by more than the inflation rate in a bid to fulfill one of his key election promises.

“High and rising inflation and weak wages growth are reducing real wages across the economy and creating cost-of-living pressures for Australia’s low-paid workers,” Albanese said in a statement Friday.

“The government does not want to see Australian workers go backwards; in particular, those workers on low rates of pay who are experiencing the worst impacts of inflation and have the least capacity to draw on savings,” he added.



Australia’s Fair Work Commission will announce its annual wage review later this month. The current national minimum wage is A$20.33 ($14.06) per hour. During his pre-election campaign last month, Albanese had said a 5.1% increase would be equal to just $1 an hour or “two cups a coffee” a day.

A combination of the rising cost of living due to higher gasoline prices and the prospect of faster interest rate increases have already spooked Australia’s heavily indebted households, sending consumer sentiment to the weakest since August 2020.

Snail-paced pay gains had been the biggest reason for the Reserve Bank of Australia to hold interest rates at a record low of 0.1% until last month when it hiked earlier than expected to 0.35%, citing anecdotal evidence of higher labor costs. The RBA is widely expected to tighten policy further when it meets on Tuesday.

Albanese said an increase in minimum wages would also complement his government’s effort to help close the national gender pay gap of 22.8%.



To: carranza2 who wrote (188323)6/3/2022 8:28:43 PM
From: TobagoJack1 Recommendation

Recommended By
fred woodall

  Read Replies (3) | Respond to of 217738
 
I heard that the Russian oil, if shut-in / shut-down at the well due to lack of demand for sanctioned oil (or by impossibility of shipping the formerly pipe-lined oil to Europe and transform into shipped oil to Asia (China / India), then the technicals of shut-in / shut-down within permafrost domain removes that well permanently from the planet's supply chain ...

Should this be the case (let's check w/ MQ), then what happens in places like Venezuela, Africa, and ME ME ME (Saudi Arabia / Iran / Iraq) phase-changes to existential imperative.

If so, XOM ... well ... and similar players elsewhere on the planet in case windfall taxation becomes popular on Capitol Hill (and London, and ...).

And the implications for solar energy, uranium, and and and ...

And standard of living of those most directly and majorly exposed liquid carbon energy ...

And coal ...

And carbon credit ...

realvision.com