Where did all the ex-banking staff go when Banks reduced branches as they introduced ATMs, Internet banking?
Where did all the ex-manufacturing staff go when they lost their jobs to the low cost manufacturing in China?
Where did all those ex-call centre and ex-IT staff go when they lost their jobs to offshoring to India?
You get my point?
Yes, I understand.
I don't know where they went, but I reckon a lot of those middle-management, middle aged blokes are running around our area (and yours) mowing lawns. At least they're getting fit I suppose.
Unemployment figures released recently showed Australia's unemployment rate at 5.2% which is close to full employment.
I think this year there have been something in the order of 5,000 jobs? gone from various businesses Australia wide - just the ones reported in the news.
Where have these people gone?
I know a few people who were laid-off from Bluescope steel in Hastings. Some kept their jobs working 9-5 Mon-Fri and took a decent pay-cut (were shift-workers).
A couple are still not in jobs -this is their own fault; there is work around if you want it - but that's the thing; what will they end up doing?
The unemployment stats - as far as I know - cover all employment. Sounds good when you say 5.2%, but how many of these people were full-time and are now on casual/part-time hours which don't pay the bills as well, or suit their lifestyle with families etc?
I think this stat is very misleading.
When jobs are lost in one industry due to whatever reason, new jobs are created in new and emerging industries.
What?...Instantly? Hey presto?
This has been going on for decades may be even centuries. New industries are created as we humans continue to innovate and increase productivity.
I agree, but the world is now totally different than back in post-war Aus in 1950.
Now we have over-unionised workplaces, and labour costs etc are competing with the rest of the world - it's a global shopping centre.
Jobs are going overseas unless they can't physically be moved there; bar staff, mechanics, nurses, cops etc.
Any seriously big company that can operate here in Aus, but base their operations and staff O/S to keep profits up - will.
Let me ask you something; when you need office supplies; where do you buy them? Do you go to Officeworks, or do you go to the local newsagent and pay a bit more, or do you buy from one of the gazillion on-line office-supplies stores?
I only go to the local newsagent and pay a bit more.
What happens to all those nice young people who work at Officeworks (I bought my last computer there and the young dude who served me was terrific) when the on-line office supplies businesses cause their profits to drop through the floor?
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