The above article (thanks to John D for the link) explains why it’s almost impossible to have a recession when we have high migration. The economy keeps growing, because there are more people operating in it. Governments can boast about economic growth, and it’s good for business, but not necessarily for workers.
Here’s how real net disposable income (per capita income) has been going for the last 20 years:
We are on average getting poorer.
Our population is growing by 1.7 per cent each year, double the rate in the USA. At the same time there are 2 million people on temporary visas in the country, 1,608,460 if you take out visitor visas, which is a rise of 4.3 per cent in one year.
Bill Mitchell has a graph that shows the decline in per capita income in percentage terms against GDP:
We are doing particularly poorly since Abbott/Turnbull gained power.
Mitchell says there is a continued decline in private investment expenditure, which is undermining future prosperity. Now is not the time to cut back on government expenditure, he says.
2. Brisbane City Council’s technology upgrades to cost extra $60m, already delayed 18 months
Brisbane City Council is showing us how you do privatisation these days.
- A blowout costing up to $60 million to Brisbane City Council’s technology upgrades will result in more money being spent on a new system than it is projected to save over 10 years.
Lord Mayor Graham Quirk today revealed that a $122-million IT contract awarded to TechnologyOne is experiencing a cost overrun of up to 50 per cent, and a delay of up to 18 months.
It was expected to deliver $146 million in savings to council, as well as upgrade outdated technology.
3. Trump watch
Trump peeled off four executive orders as soon as he got his knees under the desk. The TPP is gone, Malcolm, time to face reality. Now he has 3,518 more executive orders to go before he catches FDR. Lots to look forward to.
Trump said he cancelled the scheduled meeting with Mexican President Enrique Pena Nieto, but Nieto says he cancelled first. Any way Trump says he’ll pay for the wall with a 20% tariff on Mexican imports, which means that the American people will pay.
Trump seems to quite like the idea of using torture, which will please the CIA. It seems the USA wants to lose its credibility on human rights all over again. A senate probe found in 2014 that its record was plain awful. My understanding is that the FBI worked out in the 1950s how to get information out of people without torture. This report talks of the FBI had actually handed over a bloke from whom they had gained information, together with the information. The CIA tortured him anyway, and then falsely claimed they had extracted the information they got from the FBI.
Mark has done an amazing piece Trump, ideology, and American exceptionalism. It’s a must read, I can’t summarise it, but here’s a sample:
- President Trump will continue to be more incoherent than imagined. There’s no point ascribing logic to his discourse because it has no grounding in truth or reality. This is what anti-politics looks like. Welcome to the desert of the real, as they say.
Trump’s main enemy now is the mainstream media, who are his ‘Other’.
4. Getting to know our first peoples
Amy McGuire at new Matilda explains some of the achievements of our First Peoples.
Their achievements include being the first bakers of bread, the first farmers, have the oldest burial rituals, may have been the first astronomers, and had perhaps the world’s first art galleries, with possibly the oldest depiction of a human face.
Introduction to Saturday salon
Because of the way the blog currently presents posts on the home page I think it’s better to remove the introductory material to a different place. For new readers, here’s the rationale for this space.
An open thread where, at your leisure, you can discuss anything you like, well, within reason and the Comments Policy. Include here news and views, plus any notable personal experiences from the week and the weekend.
For climate topics please use the most recent Climate clippings.
The gentleman in the image is Voltaire, who for a time graced the court of Frederick II of Prussia, known as Frederick the Great. King Fred loved to talk about the universe and everything at the end of a day’s work. He also used the salons of Berlin to get feedback in the development of public policy.
Fred would only talk in French; he regarded German as barbaric. Here we’ll use English.
The thread will be a stoush-free zone. The Comments Policy says:
The aim [of this site] is to provide a venue for people to contribute and to engage in a civil and respectful manner.