It's the economy, stupid!

 
  michaelgm Chief Commissioner

Read this and weep......http://www.macrobusiness.com.au/2016/03/peter-costellos-indefensible-legacy/
wobert
There was an add,at the bottom of the page to link attached, for, guess what? 457 Visa!

HA HA HA.

Sponsored advertisement

  Groundrelay Chief Commissioner

Location: Surrounded by Trolls!
Tip for kids.  Try a trade.  
Agree 110%: University is way too expensive; trades are much more in demand than graduates at the moment anyway.
don_dunstan
Wonder how many urban professional couples bankrolling kids at swank private schools want them to go to tech and learn a trade?
Perhaps it's only for those on the wrong side of the socio-economic ledger who shouldn't be going to uni anyway Razz
  don_dunstan Minister for Railways

Location: Adelaide proud
You can't generalise about any of those things any more.

I know of many people who obtained a university education only to be unable to use it for various reasons - in most cases because there's simply no market for those qualifications. For instance, I personally know someone with a first class law degree from a sandstone university and completed letters from a top law firm who eventually ended up working in a shop because (they said) there's simply too many lawyers and not enough work. On the other hand I know of people with trades who earn the kind of money that was once reserved for doctors or lawyers, much of it in cash.

There's a lot of professions officially and unofficially in chronic oversupply - law, pharmacy, accounting, psychology, social work, teaching. Once you have your basic degree there's extremely stiff competition (and often big upfront costs required) to get graduate training and complete your competencies/registration, and even if you can complete all your training then finding an actual job can prove extremely difficult unless you complete even more higher education or move overseas.

Trades might have been undesirable 20 or 30 years ago but maybe because of this many who have a trade and are good at it can now command top dollar whereas an oversupply of graduates means university education is no longer any guarantee of success... regardless of whether you went to a posh school or not.
  RTT_Rules Dr Beeching

Location: Dubai UAE
Times change. Degrees were the main hope for high paying jobs in past. The mining boom changed that but the boom has gone. Times may change again but there are certain degrees I would discourge from doing.


457 is not a source of cheap labour when you go into the detail. Lots if add on expenses for employer. Like full medical,  full education, usually annual airfate home plus airs atcstart and end, bonds and at any time the govt can declare that job no longer in short supply and bye bye.


Only people who have lost jobs to 457 are those probably on excessively high incomes for the role based on world markets.


Friend who was on 457 had to pay $500 just to have in tial meeting with primary school head master for potential enrollment. Then enrollment was around $5000pa for Kind y and rises from there.
  bingley hall Minister for Railways

Location: Last train to Skaville
Times change. Degrees were the main hope for high paying jobs in past. The mining boom changed that but the boom has gone. Times may change again but there are certain degrees I would discourge from doing.


457 is not a source of cheap labour when you go into the detail. Lots if add on expenses for employer. Like full medical,  full education, usually annual airfate home plus airs atcstart and end, bonds and at any time the govt can declare that job no longer in short supply and bye bye.


Only people who have lost jobs to 457 are those probably on excessively high incomes for the role based on world markets.


Friend who was on 457 had to pay $500 just to have in tial meeting with primary school head master for potential enrollment. Then enrollment was around $5000pa for Kind y and rises from there.

RTT_Rules
I think you've been way for too long. Reality is that government as usual is not policing the scheme adequately.

Plenty of reports of abuse of the scheme when it comes to importing and underpaying lower paid workers for 'menial' tasks.

And the classic just the other day where Scotts Transport who are using truck drivers on 457s highlighted when guy from Asian sub continent halted traffic because of lack of skills to handle the rig properly.
  Alco_Haulic Chief Commissioner

Location: Eating out...
Times change. Degrees were the main hope for high paying jobs in past. The mining boom changed that but the boom has gone. Times may change again but there are certain degrees I would discourge from doing.


457 is not a source of cheap labour when you go into the detail. Lots if add on expenses for employer. Like full medical,  full education, usually annual airfate home plus airs atcstart and end, bonds and at any time the govt can declare that job no longer in short supply and bye bye.


Only people who have lost jobs to 457 are those probably on excessively high incomes for the role based on world markets.


Friend who was on 457 had to pay $500 just to have in tial meeting with primary school head master for potential enrollment. Then enrollment was around $5000pa for Kind y and rises from there.

I think you've been way for too long. Reality is that government as usual is not policing the scheme adequately.

Plenty of reports of abuse of the scheme when it comes to importing and underpaying lower paid workers for 'menial' tasks.

And the classic just the other day where Scotts Transport who are using truck drivers on 457s highlighted when guy from Asian sub continent halted traffic because of lack of skills to handle the rig properly.
bingley hall
The driver was not on a 457 visa, and held a current license in (IIRC) queensland. The bigger question about the whole situation there is, how the smeg did he get a licence?
  bingley hall Minister for Railways

Location: Last train to Skaville
Times change. Degrees were the main hope for high paying jobs in past. The mining boom changed that but the boom has gone. Times may change again but there are certain degrees I would discourge from doing.


457 is not a source of cheap labour when you go into the detail. Lots if add on expenses for employer. Like full medical,  full education, usually annual airfate home plus airs atcstart and end, bonds and at any time the govt can declare that job no longer in short supply and bye bye.


Only people who have lost jobs to 457 are those probably on excessively high incomes for the role based on world markets.


Friend who was on 457 had to pay $500 just to have in tial meeting with primary school head master for potential enrollment. Then enrollment was around $5000pa for Kind y and rises from there.

I think you've been way for too long. Reality is that government as usual is not policing the scheme adequately.

Plenty of reports of abuse of the scheme when it comes to importing and underpaying lower paid workers for 'menial' tasks.

And the classic just the other day where Scotts Transport who are using truck drivers on 457s highlighted when guy from Asian sub continent halted traffic because of lack of skills to handle the rig properly.
The driver was not on a 457 visa, and held a current license in (IIRC) queensland. The bigger question about the whole situation there is, how the smeg did he get a licence?
Alco_Haulic
Thanks for the clarification. I really should remember not to read everything i read in the papers. I stand by the rest of my comments though.
  Valvegear Dr Beeching

Location: Norda Fittazroy
I really should remember not to read everything i read in the papers.
"bingley hall"
Err, yes.
  don_dunstan Minister for Railways

Location: Adelaide proud
Maybe he got his license from this heavy vehicle driver assessor in NSW who was selling them to anyone with the cash? It was also happening in Victoria a few years ago with a corrupt Vicroads employee selling them over the counter.
  don_dunstan Minister for Railways

Location: Adelaide proud
I think you've been way for too long. Reality is that government as usual is not policing the scheme adequately.
bingley hall
Or at all. Like money laundering through Aussie residential property, too many people are making a buck - so the authorities just look the other way.
  don_dunstan Minister for Railways

Location: Adelaide proud
The Aussie dollar almost touches US$0.77 today as Janet Yellen indicates that they probably won't try and raise interest rates there again any time soon (ABC News).
  don_dunstan Minister for Railways

Location: Adelaide proud
Related to what we were discussing earlier (underpaid workers) - there's some confirmation of this from the NT with a survey finding more than half the workers in the food industry aren't being paid properly (ABC). My experience is pretty much consistent with that - hospitality is terrible, awards never policed or ignored completely. Most people are really surprised to discover that but it's the way it runs.
  don_dunstan Minister for Railways

Location: Adelaide proud
Australian households the most heavily indebted in the world (at the moment) with debt to disposable income at a whopping 186% (News.com.au). The good news is that our total average value has never been worth more with household worth also improving - and debt repayments also decreasing due to historically low mortgage rates. It's the lucky country, after all.
  don_dunstan Minister for Railways

Location: Adelaide proud
As if to underscore the fact that nobody gives a damn about buying Australian-made any longer - the NSW government decides to buy rail for the N.E. rail project from Spain rather than use local product (ABC). That decision comes on top of the project using fully imported Indian-built trains. Disgraceful - if governments don't lead by example then why should the public care either.
  locojoe67 Assistant Commissioner

Location: Gen X purgatory/urban Joh-land
...our total average value has never been worth more...*

* with acknowledgement and thanks to the speculative, credit-fuelled, taxpayer subsidised, capital gains exempt (primary) and discounted (investment) housing market....
  don_dunstan Minister for Railways

Location: Adelaide proud
That's the whole point though, isn't it? That property is the only investment vehicle with any certainty - guaranteed, backed by the government, certain to keep appreciating forever and ever. When Malcolm was deriding the proposed Labor party reforms to the taxation system he was waxing lyrically about the fact that throwing everything you have into residential property was the only way for Mr & Ms. Average to get ahead in life - so there you go, you heard it from the source. Don't bother working hard, innovating or saving - just buy a house (preferably several).
  locojoe67 Assistant Commissioner

Location: Gen X purgatory/urban Joh-land
Malinvestment cannot continue indefintely. At some point it must be cleared in order for the system to keep functioning.

Governments of all stripes keep kickng the can down the road with increasingly less effective monetary accommodation. The reset can be delayed, but not put off forever.
  RTT_Rules Dr Beeching

Location: Dubai UAE
Reply to my above comments on 457.

The follow up response by another poster about driver not having 457 but actual Aussie is half the problem with 457s. Most of what you hear is BS or hearsay at best.

Yes there are people being ripped off, no system is perfect. As a 457 in UAE with much tighter controls they still have issues. And yes during the boom there were plenty of disaster stories of imported tradesman not being capable of fixing a tap. But you hire from sub conts you get what you deserve and in many cases I know of companies walking away from imported labour because more trouble than its worth. My former employer abandoned its dub cont gtaduate recruitment project after 90% of them being a failure for various reasons. But these were also boom times, local labour wasn't available.

However one garage owner told me his imported Filo s were fine. Yes hr had to check their work and sit down wirh them before starting the job. But them the brakes.
  RTT_Rules Dr Beeching

Location: Dubai UAE
Whoops  "thems the breaks"

Sorry don't know how to edit from my phone
  Alco_Haulic Chief Commissioner

Location: Eating out...
That's the whole point though, isn't it? That property is the only investment vehicle with any certainty - guaranteed, backed by the government, certain to keep appreciating forever and ever. When Malcolm was deriding the proposed Labor party reforms to the taxation system he was waxing lyrically about the fact that throwing everything you have into residential property was the only way for Mr & Ms. Average to get ahead in life - so there you go, you heard it from the source. Don't bother working hard, innovating or saving - just buy a house (preferably several).
don_dunstan
Too bad if you've been priced out of housing unless you want to live among the unwashed centrelink dependant deadbeats...

The follow up response by another poster about driver not having 457 but actual Aussie is half the problem with 457s. Most of what you hear is BS or hearsay at best.
RTT_Rules
I'll clarify, the driver was not a citizen, but was not here on a 457, it was some other visa. Hence my further comments about the licensing organisation needing to explain themselves. I have actually seen some of the Indian drivers trying to reverse even a single trailer... It's not pretty, the one I watched took more tries to reverse in a straight line than there are hours in a day (funnily enough, it was also a Scott's truck). I also know that there was a licensing company in SA that was busted in late 2014 for giving out licenses for as little as a bottle of scotch. The problems facing the transport sector run deep, and have been plaguing it for decades.
  don_dunstan Minister for Railways

Location: Adelaide proud
Malinvestment cannot continue indefintely. At some point it must be cleared in order for the system to keep functioning.
locojoe67
The wonders of capitalism, it will eventually punish for bad decisions or too much of something. The Chinese are starting to learn that you can't simply tell a market economy what to do... it doesn't work that way.
Too bad if you've been priced out of housing unless you want to live among the unwashed centrelink dependant deadbeats...
Alco_Haulic
That's the dilemma isn't it - buy somewhere you detest at an affordable price or continue to rent someone else's house in a nicer location.
  RTT_Rules Dr Beeching

Location: Dubai UAE
Renting is not always dead money especially when returns are less than 4 to 5%. Good landlords look for and look after good tenants.  Usually.
  Alco_Haulic Chief Commissioner

Location: Eating out...

Too bad if you've been priced out of housing unless you want to live among the unwashed centrelink dependant deadbeats...
That's the dilemma isn't it - buy somewhere you detest at an affordable price or continue to rent someone else's house in a nicer location.
don_dunstan
Sadly not always that simple. My choice is rent, so I can stay in an area that is safe for LGBT's, or risk a hell of a lot more than just living in an area I detest. Hence I continue to rent, although I may be moving to a bad area soon, as the building itself is just too useful (long story).

As for the economy, there appears to be a small upswing here in SA. Not big work, but it has resulted in more freight movements.
  don_dunstan Minister for Railways

Location: Adelaide proud
If you're forced to rent for a while longer but want to be choosy about the area that you reside, I'd suggest putting an ad on Gumtree in the real-estate section with a title along the lines of "Reliable tenant looking for house in XXX area, prepared to pay up to $XXX per week". There's a surprisingly large private rental market out there not using agents and Adelaide's market for rentals is not particularly strong right now - you might be surprised by the interest you get. As Shane/RTT_Rules (above) says, prospective landlords will be impressed if you're able to tell them you've always paid rent on time for several years at your current residence and have looked after the joint. Even if you're not in danger of having to leave your place immediately you can cast your net and see what's around - perhaps leave on your own terms rather than waiting to get your marching orders.

Just a suggestion.
  RTT_Rules Dr Beeching

Location: Dubai UAE
I've previously signed up good tenants for 3 and 5 year leases to give them security and yes there was an annual rent rise built in.

I had an old couple, excellent tennents on 3 years. Half way through she had medical issues and needed to leave ( property is on island) so we agreed on a date and let them go with a parting bouquet of flowers and no penalty (I don't think she was long for this world).

I target mostly OAP  and i pay $1 per fortnight for auto deduction straight from their social security. What they don't see they don't miss and no issues with late rent. If they cancel (happened once) I get notified and a please explain is issued immediately before the rent is late.

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