[Bernard L. Madoff]

http://www.macrobusi...er-jobs-report/

Quote

Over the past year jobs growth of 69.1k, or 0.6%pa, was composed of 10.2k full‑time (0.1%pa) and 58.9k part‑time (1.7%pa).

[Bernard L. Madoff]

sydney3000, on 12 May 2012 - 01:26 AM, said:

To create inflation in a post-2007 world the central banks need to raise interest rates. They still have not realised that.

Bizarre hypothesis and totally wrong. Inflation is created by an increase in cheap money.

http://en.wikipedia..../Hyperinflation

[Dose]

I'm with Camp Cobran on this one; Unemployment is a useless measure when 60 minutes qualifies as "employed".

Now, on the subject of Government waste...the poor sod working those numbers every month could be let go and the Reserve would be no worse off. And if he mowed his neighbour's lawn once a week there would be no difference to the employment indicator.

[Bernard L. Madoff]

QLD Insolvencies

http://www.abc.net.a...economy/4007398

[urchin]

sydney3000, on 11 May 2012 - 11:19 PM, said:

It is so frustrating to discuss these subjects if everybody keeps judging things based on their personal situation instead of the situation actually faced by the "others". Of course we like our jobs but our jobs are not their jobs. There is a difference between exchanging an $80,000 job for the dole and exchanging the dole for a $35,000 job. If you are young then you have little reason to join the regular workforce because the increased earnings do not offset the loss in leisure time in exchange for the difference between dole and earned income.

of course our jobs are not their jobs. but my first jobs were as bad or sh*ttier than theirs. you don't walk into a great job, the world doesn't owe you a great job. you go through a lot of sh*tty jobs while you build up skills and experience that has value and enables you to get better jobs. that's life. it isn't particularly new or unique to this region or this generation.

and i don't what you're talking about when you say they should wait until the game 'resets' (i.e., everything comes crashing down). why would having no skills, no experience and no background put that person in a better position in an economic downturn than someone with skills? what organisation would want to hire someone like that?

[savagegoose]

i think he means if they want to complain now, wait until the big reset. then there will be something to complain about.

[Solomon]

sydney3000, on 11 May 2012 - 11:19 PM, said:

It is so frustrating to discuss these subjects if everybody keeps judging things based on their personal situation instead of the situation actually faced by the "others". Of course we like our jobs but our jobs are not their jobs. There is a difference between exchanging an $80,000 job for the dole and exchanging the dole for a $35,000 job. If you are young then you have little reason to join the regular workforce because the increased earnings do not offset the loss in leisure time in exchange for the difference between dole and earned income.

A lot of what baby boomers view as leisure time is actually considered vital work by the new generation. In a world focused on appearance going to the beach is work because it is used to network and improve your health. Maintaining a facebook, twitter and linkedin account takes a lot of effort in this hyper-digital cut-throat world. You are never going to be a success if you slack off in these areas while wasting time doing traditional "work".

This is meant to stir; right!
You're baiting us, and wanting us to bite??
You can't be serious.
Behind that facebook, twitter and linkedin accounts are whole groups of people doing physical labour, so that you can enjoy your networking.
Have you ever met any of the people who lay the cables, fix the exchanges, build the satellites, or launch them.
This isn't some leisure activity.
This is real genuine traditional "work", which pays (money), for their time and expertise.

I'm at a loss, about what else to say other than;
you live in a total fantasy, my son, and so do the rest of your generation, if they truly believe this philosophy.
I would suggest you get off the hooch, and take a look around at the real world.
It doesn't run on fairy floss.

This post has been edited by Solomon: 13 May 2012 - 09:03 AM

[Chimerica]

sydney3000, on 11 May 2012 - 11:19 PM, said:

It is so frustrating to discuss these subjects if everybody keeps judging things based on their personal situation instead of the situation actually faced by the "others". Of course we like our jobs but our jobs are not their jobs. There is a difference between exchanging an $80,000 job for the dole and exchanging the dole for a $35,000 job. If you are young then you have little reason to join the regular workforce because the increased earnings do not offset the loss in leisure time in exchange for the difference between dole and earned income.

A lot of what baby boomers view as leisure time is actually considered vital work by the new generation. In a world focused on appearance going to the beach is work because it is used to network and improve your health. Maintaining a facebook, twitter and linkedin account takes a lot of effort in this hyper-digital cut-throat world. You are never going to be a success if you slack off in these areas while wasting time doing traditional "work".

This is nothing new, just 20+ somethings bigging up themselves in order to find the best mate you possibly can. Once you find a mate, have kids and settle down, FB, twitter, all become defunct and you fill your life with more important tasks and don't have the need to impress and find a mate. FB and Twitter have their places in a few select industries but can be a complete no-no in others. I have to agree that appearance is vital now but when you get to a certain age (40+), being healthy and not dying is more important. as your peers are dropping like flies . The older and more established you get in your chosen industry, the more you cherish your privacy. No-one I know who is at the top of their game uses FB, Twitter or Linkedin.

This post has been edited by Chimerica: 13 May 2012 - 09:29 AM

[Chimerica]

Bernard L. Madoff, on 12 May 2012 - 10:42 PM, said:

QLD Insolvencies

http://www.abc.net.a...economy/4007398

Seems like all these bankrupts and unemployed are flocking to WA in search of the streets paved with gold.

Mining is the only saviour for WA right now along with a new influx of people buying and settling. If China slows/implodes (which all the data is suggesting) then get ready for the mass exodus. In a bull trap for sure in WA.

[Dose]

FWIIW if I were underemployed and 25 with a degree rocketing down Deadman's Curve with Enzo and Swanny whispering I should step on the petrol a touch I wouldn't give a sh*t, either.

[Bernard L. Madoff]

Dose, on 13 May 2012 - 10:41 AM, said:

FWIIW if I were underemployed and 25 with a degree rocketing down Deadman's Curve with Enzo and Swanny whispering I should step on the petrol a touch I wouldn't give a sh*t, either.

Where are you going to buy your video games?
http://www.smh.com.a...0514-1ymey.html

[Charles Bukowski]

I know a few tradies out of work getting desperate here in WA

[Bernard L. Madoff]

Chimerica, on 13 May 2012 - 09:27 AM, said:

Seems like all these bankrupts and unemployed are flocking to WA in search of the streets paved with gold.

Mining is the only saviour for WA right now along with a new influx of people buying and settling. If China slows/implodes (which all the data is suggesting) then get ready for the mass exodus. In a bull trap for sure in WA.

A bulltrap indeed, Charles' unnderemployed tradie mates can form a club
http://www.heraldsun...v-1226357877158

China is happenning
http://globaleconomi...weak-trade.html
http://globaleconomi...-pettis-on.html

[sydney3000]

Solomon, on 13 May 2012 - 09:02 AM, said:

This is meant to stir; right!
You're baiting us, and wanting us to bite??
You can't be serious.
Behind that facebook, twitter and linkedin accounts are whole groups of people doing physical labour, so that you can enjoy your networking.
Have you ever met any of the people who lay the cables, fix the exchanges, build the satellites, or launch them.
This isn't some leisure activity.
This is real genuine traditional "work", which pays (money), for their time and expertise.

I'm at a loss, about what else to say other than;
you live in a total fantasy, my son, and so do the rest of your generation, if they truly believe this philosophy.
I would suggest you get off the hooch, and take a look around at the real world.
It doesn't run on fairy floss.

You live in the old world. The new generation is deploying their resources in a virtual world because it is more rewarding to do so than in the real world.

http://www.ted.com/t...tter_world.html

[savagegoose]

isnt there a whole city under the city? a dark miserable place where the drones grind out their meager existence? oh wait that was just the movie metropolis.

[Solomon]

sydney3000, on 19 May 2012 - 04:07 AM, said:

You live in the old world. The new generation is deploying their resources in a virtual world because it is more rewarding to do so than in the real world.

http://www.ted.com/t...tter_world.html

How many people and hours are spent on refining and adding to World of Warcraft so that all those young resources can spend billions of hours wiling away their time.
Further, are they going to offer these games for free.
If not, how are the young going to pay for them?
I accept her hypothesis.
If you develop a large enough think-tank, you will generate some ideas for the future.
I think Kevin Rudd tried to do that in Canberra in his first term as Prime Minister.
I'm not sure how many of the Future's Forum's ideas were ever implemented.

The basic needs still exist.
Food, water, shelter, and nowadays energy supply.
I could possibly add procreation.
I can't see how these can be supplied by virtual reality.
I like my escapism just as much as anyone.
That's part of the reason why I come to this online forum, and operate under an alias.
But when I get up from this computer, I have to go pee, or eat, or work, so that I can return on occasion.

I would say that Jane McGonigal is laughing all the way to the bank, because the more people she can get playing her games the richer she becomes, or the longer she keeps her job. Many people claim their work is changing the world, or will. That doesn't mean we should all do their particular work.

This is naive thinking, I'm sorry S3000.
You are entitled to your opinion, but I can't envisage a world where we all (the whole population) just sits around and plays games all day. The fact that more young people are, tells me rather that our leisure pursuit has shifted, and may explain why obesity is on the rise. Even Wii Fitness couldn't solve that.

Edit: I wanted to add Syd, that I have found this a fascinating conversation.
I'm sorry if I'm coming over a little harsh on your thinking.
That doesn't mean I'm not listening. I am. I guess I'm simply wanting to temper your enthusiasm for what you think might change the world.
But I look forward to your next post, and I did watch the woman's talk all the way through.
Just because I'm old, doesn't mean I can't learn something.

This post has been edited by Solomon: 19 May 2012 - 08:33 AM

[staringclown]

sydney3000, on 19 May 2012 - 04:07 AM, said:

You live in the old world. The new generation is deploying their resources in a virtual world because it is more rewarding to do so than in the real world.

http://www.ted.com/t...tter_world.html

Sorry about the ad. It's getting longer before you can skip them. And you know must watch them for every single viewing on some clips.

Are Violent Video Games Adequately Preparing Children For The Apocalypse?


Didn't they try this with second life? It turned into a giant den of sleaze where every weirdo, creep in the universe congregated. Very much like the larger internet.

It's an interesting idea if I knew what were gamers were good at?

Nobody is clamouring to play the peak oil game. We already have a lot of the answers to alternate energy anyway. Games might have a role as a tool for education but that's about it. Any solution that has ever been adopted has been driven by a committed individual pushing the ideas acceptance. Gamers don't want to leave the house. They'd make great drones.

If we devised robotically controlled avatars as military weapons that steer with a nintendo handset we could at least employ them on a part time basis. I'd last about ten seconds. My 11 year old nephew flogged me in the quake arena literally running rings around me. Now even he at 21 is washed up.

[Dose]

I worry that "playing games all day" = modern Finance.

...or God's Work. One or the other. Depends who you listen to.

To be fair there is a large portion of people for whom employment does not equal home and security. In that environment "why work?" starts to make a certain amount of sense.

[sydney3000]

Solomon, on 19 May 2012 - 08:28 AM, said:

The basic needs still exist.
Food, water, shelter, and nowadays energy supply.
I could possibly add procreation.
I can't see how these can be supplied by virtual reality.

I believe a world like in Wall-E is achievable as soon as "money" is abandoned.