Cost Of Living Sees Full-Time Workers Ending Up Poorer
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- Опубликовано: 20 окт 2024
- Thousands of Aussies have been left making hard choices despite working full-time jobs as the cost of living crisis continues to price them out of being able to afford the basics.
#CostOfLiving #Inflation #Crisis
GOOD. This needs to be talked about. Full time workers should be able to afford to rent a house.
*be able to afford a home
Agree!!!
EVERYONE should be able to afford a basic roof over their head. Even if it’s just a caravan, cabin or tiny house. Nobody should be homeless in this country. Bringing MORE people into our country is making it worse!
Agree?
Businesses cant afford to pay average office worker more then 40 to 50k and rent is 600 per week so more then 50% of income
“We’re raising the minimum wage”
“We’re also raising the cost of living”
Almost in the same breath, ridiculous
The pay will go up $2 per week and cost of living $200 per week
minimum wage
GOD so loved the world
Same here in the UK, the working poor is a huge issue. They are the forgotten people.
It's worldwide.
We’re a service economy, not particularly complex at that. When the mandate is “keep profits up” and CEO pay, share buybacks, etc are du jour, we may have to implement nationalisation of energy, water, communications and ceo to lowest worker wage ratios to control it.
We went from not enough skills to people doing 2 jobs in a blink of an eye. On that we have record number of immigration. I know people are ready to do gardening jobs for as low as $20. Not even a single media is asking the tough question to the government.
The main stream media is payed off by advertising dollars by the govt
Albos promise during the election was "nobody will be left behind". Im sick of journalists not holding him to account
Haha your not naive enough to believe a politician are you?
@@MrMr-ws3tv NEVER believe a politician!!!
I remember the days that Hawke and Keating kept mouthing this rubbish. They lived at Point Piper!!!
@@lydia3098I guess the liberal politics better suit you then, trickling down to you what super rich got from them???
@babajaga158 i haven't benefited from labor either. You must be one of the lucky ones!
I am a teacher on the top level of pay. I live on my own, as my adult children have moved out and have a mortgage. My divorce placed me in a situation where my mortgage is higher than what it would have been and since I worked part-time whilst raising the children, my superannuation isn't as high as my ex-husband's or any other full-time workers. At the beginning of last year, my budget had me with an excess of $12,000 for the year. This year, there is no excess due to interest rate hikes and other cost of living hikes. I started cutting out luxuries and non-essentials over 6 months ago. I cannot even begin to imagine those on a wage less than mine and raising children.
Divorce does not work financially. When will people wake up to this?
Top line teacher, family real estate portfolio, rich x husband.
A lot of families are living in tents and caravans, working on uber eats deliveries. You are rich in comparison.
@@HM-ss4jd I completely agree. I can pay all of my essential bills right now. That's my point. If someone like me is struggling, how on earth are the minimum wage earners surviving. BTW, not a family real estate portfolio - I have a house with a 71% mortgage and the ex-husband and his assets have no bearing on my life or financial situation.
Might be time to downsize that home and expenses
@@debbieframpton3857 I have already downsized - from a 4 bedroom home where the kids were raised down to a 3 bedroom home. Still 3 bedroom homes are expensive as well. My expenses have been cut also. Most months it's the essentials and occasionally going out to celebrate birthdays. I'm alright but if I've had to cut that much, how on earth are minimum wage people surviving?
There has never been any jobs in australia
People apply for 500 jobs and still cant find a job
Unless you know someone or get a govt job there is nothing out there.
Its not worse now ,it is always been like that.
Women who take time off work find it impossible to find a job
So do men.
I pray for all Australians. I'm only 29 and it's always been hard for me to find and keep full time work on a long term basis with my chronic anxiety disorder. Hoping for better times
Hmmm not really. I guess if u useless at what you do you will not find job.Those that say it most likely actually don't want to work or are extremely picky regarding their job. I dont know but I found one in middle of pandemic with 5 years taking out of work due to having kids in totally new profession. I guess I really wanted to work and earn money 😂
@@babajaga158 Good for you! However, I pray that you remain in good health for your sake and your family
@@3pl535 good for me?? Lol.
It is a massive issue and it is getting worse.
Albo just keeps immigration running and this absolutely suppresses wages, exacerbates the housing shortage and will drive inflation because as demand drops of more customers are arriving.
Albo is a shocker. Where's the governor general?
We in Canada are dealing with the exact same thing.
feeding him instructions
It is pretty much the same situation here in the UK. We have mass illegal immigration, which exacerbates the chronic housing shortage.
It's Game Over. The rich will sell up and take off if they have to. They're not constrained to the quarry of Australia when it's mined out.
I am coming to Australia from Sri Lanka with my family as a refuge . Keep an apartment and social money ready for me.
Raising the wage will make things more worse. It will drive inflation higher as producers will pass on the cost to consumers. The answer is more production by hiring more workers and allowing people who lost their jobs due to mandates to get back into the work force. More supply will lower the cost and tame the demand.
Shhhh your speaking to intelligently.
Handing out more money is NOT the answer!
Energy needs to be fixed so prices come down.
Besides building a house.
Most of our issues are due to the high cost of:
GAS
ELECTRICTY
PETROL
fixing these will make alot of things cheaper and soon after it will flow onto everything else.
Anyone at all familiar with The Great Reset?
This is what happens every time Labor is voted in, hopefully this generation has learned its lesson.
Goverments always stepping up 😅 they are the ones causing half the problems
On both sides.
Increasing wages will just cause that particular business to charge more for their product to cover the wages. Increasing wages creates more inflation. Less people into Australia is the ultimate solution.
Less people into Australia creates more inflation. Migration is de-inflationary. You know what causes inflation? Greedy profiteering and price gouging by businesses. And rent hikes. And property prices going up. And tax cuts for the wealthy and property owners.
agreed, its about volume of money, more people more money
That isn’t how pricing works.
Businesses charge what the market will bare. They change as much as they can because their goal is to generate profit for their shareholders.
@@JamielDeAbrew This is where the major problem lies. Excuses to raise prices to benefit shareholders. Who holds the majority of shares on an individual basis? CEO's They receive them as gifts annually and usually hold more than any individuals super holdings..
Perhaps businesses should stop pay rises of the CEOs and managers. No bonuses! Put that money into the lowest paid workers they have. They'd still make the same profit.
Perhaps there is another source that should be considered: corporations. Corporations and executives continue to make billions of dollars and yet, the frontline workers of those corporations aren't equitability sharing in those billons of profits.
It’s by design.
I work 38 hours a week and can't afford to survive in Australia... especially in tasmania 😢 we need to protest.
Pure greedy people
record profits from banks and from big food companies. sort those 2 out will go a long way.
Oh and also cease the renewables agenda, that is a main driver of inflation here
huh? The fossil fuel industry posts record profits (again), but they closing some electricity production because they don't think there is enough PROFIT - that's the only thing renewables have "done"
@@melusine826 Huh, the cost of the renewables and the lack of reliability of the grid with the renewables has increased the production costs of food and heating. You may wish to go back to school to educate yourself on how things are made and how economics and finances work
Tax brackets are the same they were 20yrs ago, but prices have gone up 400-500%
Maybe time to increase the tax brackets???
Unfortunately, there is no future for working people. Just wait until robots, computers, and computer software start taking over many jobs that people used to do.
Sounds like a comment from the 80s 😂😂😂
The whole damn system is wrong.
Yes, let's start over.
"I've lived through a recession" sounds exactly like it is now. And I doubt this panel has ever had to buy 2 minute noodles out of necessity whilst still holding a full time job.
"Won't happen" Is exactly the sentiment that the previous generation has to letting go of their wealth for the next generation.
One word for everyone out there that struggle is to survive. Survive
@@Vayowin it not a joke, someone people sleep on the street, rain pour down to their head. All they can do is try to survive. Like everyone else who are struggling to live are trying to survive.
@@Vayowin?😂 you put a smile on my face.cheers.😂
Perhaps having a look around the profits ...just like why do not encourage the company to build housing for the workers
I won't be easy under Albanese.
You're always easy.
Governments could control the number of investment corporations that have bought up housing for starters. They are increasing rents so as to pay their stockholders. This shouldn’t be allowed.
Try being a student on Centrelink I get under half the minimum wage
try getting a job like every other student
You didn't add the mortgage payments. In Which people are paying 2.2x more interest than a year ago. And that's just interest.
My mortgage repayments have increased by $13,000 per year over the last 14 months. Minimum wage workers can't afford that.
I work with a few people on minimum wage and they are struggling to pay their mortgages because of the interest hikes. They are forced to do over time and look for weekend work to cover the basic necessities like food! It’s ridiculous.
The Australian housing market/real estate was cooling off and correcting from 2016 right up until 2019 - and then they acted. This is well documented.
In March 2020 several taxpayers funded "housing protection schemes" were enacted, things such as slashing interest rates to almost zero, allowing early access to superannuation, "homebuilder" and other renovators' programs, increased first homebuyers grants in addition to pre-existing investor protections such as negative gearing.
Since 2022, increasing interest rates are being accounted for and countered by unprecedented amounts of mass immigration in order to prevent any price falls through artificially generated demand and therefore artificial shortages. They do not want the correction that started in 2016 after the end of the mining boom to repeat and they are making sure it doesn't - at our collective burden and cost.
There would be no issue with this self-serving behaviour if the renting class was not forced to contribute to it. This is discrimination plain and simple, which you need to oppose and resist in any manner appropriate to you. This message is aimed at renters and otherwise homeless, you need to present a united front and resolve this problem by any means necessary.
Never forget and never forgive March 2020, when they acted against you.
100%
That's okay, when people can no longer afford to pay the roof over their heads and slip behind, Everyone should put up a tent and camp out in the wealthiest suburbs. 🤭
well said
Every dollar government gives to anyone, take it back with 1000% interest. Everyone keeps asking for help from the government, making everything expensive. Cut your expenses and earn more.
Do you have a minimum (or close to) wage job and have children? Min wage brings home $761 per week. $350 pw for a 3 bedroom is the cheapest (and rarest) you'll find in Melbourne and suburbs. That leaves $400 per week for food, petrol, clothes, utilities, phones, etc. My grocery bill with 3 children was about $200 to $250 per week. The only expenses to cut are essentials ... what do you want a family to cut? Food? Only turn the heating on when it gets under 5C? Medical and pharmacy? Perhaps clothing for the kids?
Corporations making a motza share the profits with the people no brainer !
@@paullicciardo Yes why should the employee suffer here during a recession. Companies making large profits should also be cutting their profits.
Just what the unions want to hear. Pay rises please! Bugger unemployment....we are aspirational after all!
The government is doing it tough too.. they need a pay rise on a 480k a year cause that's not enough
In my opinion, with all the tax breaks and benifits they get politicians should be on minimum wage themselves. Watch the minimum rate rise then.
The RBA is right. Inflation is much more of an issue than any rise in mortgage repayments due to interest rates rises!
Isn't it that wage increases are inflationary? It's just going to be a vicious cycle! Employers will pass on the cost of wage increases to the consumers using their products and services.
You know what's inflationary? Profiteering and price gouging. And rent hikes. And property prices going up. And tax cuts for the upper middle class and rich.
What about tax cuts
Do you think that can happen ?
Tax cuts are inflationary too. Tax increases are deflationary. Pork barrelling is inflationary. Executive bonuses are inflationary
Exactly It is a never ending self feeding circle into escalating inflation.
its possible this may never end, what people have to understand is that a drop in inflation, say from 7 to 5, only means that on average annually everything will rise in price by that amount, its cumulative, 7 + 7 + 5 is 19, but with wages and pensions and investment returns, think bank interest, stuck under 4 or so, even with falling inflation we are still falling further behind the NEW PRICES, that gap between what things cost and what people are receiving will continue to grow, unless we get to deflation, but to do that we have to be in recession, and government and rba wont allow that to happen, they will cut rates and print money and do all sorts for that (deflation, to correct prices) to not occur, so - we will be trapped, possibly forever, unless we are prepared to endure a recession long enough to achieve the required deflation ...
The ruling class needs to be violently forced into allowing a recession to persist and crash prices. That will not happen unless they feel a serious and helpless existential dread.
We live in a greed economy. Every single major grocer is experiencing record profits. There are no small and medium grocers any more. The food supply chain is in the hands of a very few companies, ALL of whom demand huge profits. Private investment firms are buying up rental units like ju-jubes and jacking up the rent. The list goes on and on. Food, Housing and healthcare all need protection from investment greed. It doesn't take much to ensure that there is a solid roof over and decent food in everyone's belly. The world has never been richer, but we are at the mercy not of governments but of corporate greed. Time to hold them accountable.
The last recession changed with a new government I lived through it 17 percent interest rates
Spoonfed boomer i take it..
Wages will need to go up at least $150 a week.would that put you in a new tax bracket?see workers you will never get ahead.or be able to buy a house.i can now see why the young generation has nothing to aim for.need to build a few so called "tents villages" where people help each other out.
I'm waiting to see if I get some money back from tax so I can buy bottle rum and pack durrys.
Idk if you’re trying to make a joke of it but if a tax return is the only time someone can afford a bottle of rum and smokes doesn’t that speak to the problem even more
A bottle of rum is cheaper than a pack of durries these days. Who would of thought this was possible 🍻
I have no quality of life and my kid's are raising themselves while I work double shifts.
If everyone on minimum wage can agree to stop working, the wage will be raised. As insignificant as this jobs look, they r like the hardest and essential too. Thats the only way out, government and big corporations dont care if you go to bed hungry so ling u show up to work anyway.
You deserve no right to complain if you have voted for labor. You have gotten exactly what you have voted for.
Consumer buying a house trying cant afford and Developer Developing a house to a consumer cannot afford is the problem. It cant go forever.
Just ask the boomers, we just need to work harder.
THE WORD LABOR MEANS HARD LABOUR.
Raise Property Taxes to address the Issues of Full-time Workers.
Did people really believe that stupidly low prices and interest rates could go on forever? I got tired of asking younger people why they didn't need unions, they knew better of course. Well, welcome to reality.
Yep and we sent 110m to Ukraine, good job 👍
That will be worth at least another 4 x 0.25 % cash rate rises 👍
It is government policy.
Increased immigration while housing and construction supply chains are hitting the wall.
Government is boosting immigration to prop up its GDP figures.
We all need to live like nomads do ! Stuff the system
I'm a single mum who became a homeowner last year. It was a huge milestone for me! Having suffered large impact from covid ,On top of that, I'm also fortunate enough to have a pretty decent monthly income through my successful strategic investments. As a result, I have carefully planned for my retirement after my kids are done with college
He is not doing any good to fulltime hardworking Australians
Being a full time worker is the worst place to be in this day and age. Nobody cares, you get no benefits and no government will help. Just fend for yourself
Forget the hidden agenda Albo , forget Klause Schawb Look after your people who you represent.
Now the project cheer squad are complaining about the cost of living explosion! All that has occurred under Albanese!
$110,000,000 to the Ukraine courtesy australian tax payers
yep, non productive spending, very inflationary
And how's the 500 Millon we give to Indonesia each year ,same to paupa new guinea
That will add another 4 x 0.25% cash rate rises to peoples mortgages too 🖒
The UK Government is just as bad. They keep on giving millions to Ukraine while British people are having to rely on foodbanks to survive.
Talk , Talk , Talk. And no results.
Try us pensions we got nothing
I only work for cash money now
We did say "won't be east under Albanese"
The voice is more important and mps payrise
Watching full vidio
It wasn't due to convid nor this proxy war in Ukraine. It was because the government printed a ridiculous amount of money and the velocity of money caught up. Inflation is another tax for the poor, the majority of us are going backwards in real terms and an increase in wages won't do much as it will just further inflate prices.
Australia is dying... More interest hike please ...
$100 million to Ukraine equals at least another 4 x 0.25% cash rate rises 👍
Australia is far from europe for anyone
The high tax rates doesnt help
In this country, among others too, there just isn't the incentive to chase your dream anymore, because everywhere and everyone wants to thwart it. Greed, opportunism, that is what Capitalism is all about, and is a detractor for many so that a few prosper.
how are you surprised. you took smokes from 5 to 40 and you expect your costs of living to go dwn . 😄 🤣. you're mad . what did you expect. how detached from reality are you. so from hundreds to billions in taxes but the money has gone nowhere. Healthcare for smokers went from 360m to 6billion. talk about causing your own issues . where's the 100b gone? this is why you need Good media to bring it to the peoples attention
That money is going on new subs...which we really don't need.
And the Ukrainian war
cool
Same thing happening in the uk if only putin didn’t invade Ukraine we would be living good
For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life. For God sent not his Son into the world to condemn the world; but that the world through him might be saved.
😮
And people wonder why people sell drugs
Haha it’s a joke
And where they get there figures from rent alone on a 111 apartment anywhere is $500 to $700 a week.
The core of life is the spirit the spirit controls life luci was sent to earth with it's army them in front of you are spirits not flesh the words of the flesh disguises the spirit
Bring more people is the solution
It's a lazy way to prop up an economy from a government which is so economically illiterate and ideologically possessed ... where are they going to live ... in tents too?
I’ll see it when I believe it. Albanese owns 5 houses in Canberra and the pension he’ll get when he retires.
Governments could control the number of investment corporations that have bought up housing for starters. They are increasing rents so as to pay their stockholders. This shouldn’t be allowed.