Would any of them - or anyone here on SS - stay in a job like that?
Would you call that a "career"? Most wouldn't.
Fair enough, I suppose.Well Bayview a job is a job. He does work, gets paid for it. That's the definition of employment. That's good for the economy so long as it is isn't being paid for by the taxpayer. Whether it's a high paying white collar job or not, makes no difference.
Yep; quite possible a bloke that age (my age-ish) is happy to do a few hours here and there.If I enjoyed it, yes. To be honest, I'm hopeful that I can manage my finances such that by the time I reach 45 I can afford to do a job like that with so few hours in a week... perhaps in the garden section, I like plants, I just don't know anything about them
Fair enough, I suppose.
It's far too easy though for everyone in a secure, six plus figure job - like so many here in the fishbowl and most Pollies - to simply wave it off..
Not so good for the Gen Y'ers saving for the unit in Elwood, though.
It's the attitude I am referring to the have's; who go; "Oh; it's still a job; so what?" from their cosy little existence of more.You can't really compare a 6 figure white collar job to someone working at Bunnings. Not everyone wants the same type of work, nor do we need so many.
TA DA!Don't think people who work at Bunnings would be buying property in Elwood on any measure.
You trot that one out every few weeks.yawn.
why dont you get out of your fishbowl sometime too? youve been banging on about the struggling economy for years now, just because you arent doing well doesnt mean everyone else is struggling too
You trot that one out every few weeks.
And I then have to explain - again - that what I discuss is not what is happening in my own backyard; it's from talking to a much varied and widespread group of contacts, business owners, customers, friends...
and so on.
Is it anecdotal? Yes.
Doesn't mean it isn't happening.
Just gazing at the monitor and pulling up a few stats charts every now and then doesn't give the whole picture.
You should know that.
sigh;btw, just so im not misunderstanding things, are you genuinely stating that your anecdotes are a more accurate representation than stats by say ABS or other organisations like that?
Such as?you also trot out many statements that are plainly inaccurate
So what are you saying?the issue is youve been saying it for years. years.
only now is it somewhat accurate.
Of course. The stats produced by the ABS are just a sample, they don't have the time to talk to every person in Oz every month. However, they do use the dozens of PhDs to ascertain that they are 95% confident of their results based on a subset of the population. And they do revise their figures when more & better data arrives.I am saying (again) that stats don't reveal the whole or a truly accurate representation of the picture.
You come across as saying the the ABS should be sacked & govt & industry should listen to anecdotes instead ?All I'm saying is - take stats with a grain of salt.
That wasn't the intention.You come across as saying the the ABS should be sacked & govt & industry should listen to anecdotes instead ?
Not necessarily. If what I was hearing was out of step with reputable sources, I would question if I was suffering from some sort of bias.But, in this particular instance; I have hundreds of anecdotal discussions to suggest otherwise in many parts of the economy, and I am merely passing them on to say; "Hang on; this is what I've been hearing".
If there are hundreds over the last few years that have a similar theme coming through, then there must be some substance to it.
No - 65% said Flat, only 22% said D&G.And finally; if the stats keep saying - and the Pollies and media keep saying - the economy is all rosey, then why has the Poll on this thread got 65% of the voters saying doom and gloom?
Australian coal exporters are scrambling to clarify the fallout from changes to China's coal import rules, which could expose the industry to billions of dollars in lost sales as China seeks to cut air pollution.
The Chinese government is to limit the use of imported coal with more than 16 per cent ash and 3 per cent sulphur from January 1, 2015 in a bid to improve air quality, especially in cities such as Beijing and around Shanghai.
At the same time, China is moving to force power utilities to slash coal import volumes, also with the stated aim of improving air quality, although this move will primarily give China's local coalminers a lift.....
They also take care to ensure they don't suffer from confirmation bias - ie what they personally feel the economy is doing doesn't affect their views.
You come across as saying the the ABS should be sacked & govt & industry should listen to anecdotes instead ?
the issue is youve been saying it for years. years.
only now is it somewhat accurate.
The ABS acknowledges its data & published stats have a margin for error - they publish that margin - in the case of the labour stats they publish their 95% confidence range. That is the nature of a sample and not a full census.The Australian Bureau of Statistics has cast doubt on the future quality of its economic data after an accumulated $117 million in deficits left it with barely enough cash to ?keep the lights on?.http://www.afr.com/p/national/abs_battles_to_keep_lights_on_dpiXziimSPe6cCdS0cD51N
The agency is one of up to a dozen government bodies pleading with Treasurer Joe Hockey for an emergency cash top-up before the May budget.
It is understood several government agencies are considering cutting back public services because they are underfunded for the next four years.
If the quality of future data is in doubt then given the resource shortages that surely puts a somewhat large question mark over previous and current quality of data releases.
What conclusions are drawn from ABS data has a lot to do with how it's collected, who or what it's collected from, what's ruled in and what's ruled out and finally what model you run it through. Govt's are notorious for manipulating every aspect of data collection and analysis to support their narrative of the day.
If it walks like a duck, quacks like a duck then it's more than likely a duck. I'll take Bayview's anecdotal assumptions over govt released data any day.
The ABS acknowledges its data & published stats have a margin for error - they publish that margin - in the case of the labour stats they publish their 95% confidence range. That is the nature of a sample and not a full census.
Re the how/what/who is collected - the ABS publishes their methodology and keeps it consistent (with some exceptions which are considered as improvements). They publish the raw figures, so what's ruled out and what model you run is not a relevant factor.
The ANZ job ads series correlates well with the ABS labour market stats - are they too part of this govt data manipulation ?
And perhaps you'd like to let us know what confidence level you have of your anecdotes, the sample size you use & what methodology you use to acquire them ?