"I'm sorry, but job losses are just the reality": RBA boss - Polidicks

[QUOTE=Awesomecaek;31976014]This is quite obvious. More and more work is getting taken by automatization and robots, because these will always be cheaper. Humanity has to deal with oh so horrible fact that soon enough, there will simply be little work left for [B]stupid[/B] humans. It's sad. Humanity is slowly freeing from the need of all kinds of labor and work, and instead of people being happier and having more free time and resources, they suffer even more.[/QUOTE] fixed that for you it's a transformation, not a replacement [editline]28th August 2011[/editline] like the change from hunters to farmers

[QUOTE=Contag;31977255]fixed that for you it's a transformation, not a replacement [editline]28th August 2011[/editline] like the change from hunters to farmers[/QUOTE] The machines are becoming smarter, as well as more useful in specific tasks. There is no reason for humans to stay superior permanently. [editline]28th August 2011[/editline] Don't get me wrong, I am talking about things that might take centuries, it's not something that will happen next saturday.

[QUOTE=Frek;31972074]I remember reading about a story in which some Japanese CEO cut his salary in half so he could keep the people working at his company employed.[/QUOTE] As noble as that is, I highly doubt many CEO's will be willing to do that.

[QUOTE=Noth;31971650][img]http://resources2.news.com.au/images/2011/03/05/1226016/387914-glen-stevens.jpg[/img][/QUOTE] Well I'm glad he is wealthy and well.

BHP Billiton made like $23billion in profits this year, yet a company that is a part of BHP, BlueScope Steel, has just axed 1000 jobs go team BHP

[QUOTE=cqbcat;31973341]I think jobs would be created if the government would stop taxing income. That would put a few thousand dollars back into the pockets of Americans. If Americans have more money, they'll feel secure enough to spend more. If they spend more, businesses will have to hire more employees to meet the demand.[/QUOTE] Firstly, this is Australia Secondly, how would the government pay for fucking anything without income taxation? [editline]28th August 2011[/editline] [QUOTE=QueenElizebeth;31983405]BHP Billiton made like $23billion in profits this year, yet a company that is a part of BHP, BlueScope Steel, has just axed 1000 jobs go team BHP[/QUOTE] Apparently, even when making record profits, the mining tax would literally ruin the mining industry* * to paraphrase everything Tony Abbott and the mining executives have said

[QUOTE=Lonestriper;31983470]Firstly, this is Australia Secondly, how would the government pay for fucking anything without income taxation? [editline]28th August 2011[/editline] Apparently, even when making record profits, the mining tax would literally ruin the mining industry* * to paraphrase everything Tony Abbott and the mining executives have said[/QUOTE] Tony Abbott is a twat and I fear that the entire economy would crumble under a Liberal government.

[QUOTE=ewitwins;31975210]You still have $4,000,000,000 worth of pure [B]profit[/B] which means you shouldn't be firing a soul, you'd just do more damage in the long run.[/QUOTE] When your profits drop 20% and you know that people are buying less of your product, you would be an idiot to not cut costs to keep your profit margins. Layoffs are a simple solution. [editline]29th August 2011[/editline] [QUOTE=BLOODGA$M;31975322]"I'm sorry, but the reality of the situation is that we don't feel like supporting the economy of our own country by offering people stable income when we can just get 30 chinese teenagers to do the work for a small fraction of what we're paying you individually. I do hope you understand..."[/QUOTE] It's not our business sector's responsibility to make sure people are employed.

[QUOTE=Awesomecaek;31977167]Capitalism will stop working. Not all at once. As you can see, it's already starting to scrape.[/QUOTE] No, capitalism is being obstructed. It is failing because of those (of your ilk I'd assume) that are struggling to mask its capability for success.

[QUOTE=Strider*;32010512]It is failing because of those (of your ilk I'd assume) that are struggling to mask its capability for success.[/QUOTE] Oh man, that's a good one. You're the same bloke who said Scandinavia is only doing okay because they're fine with "living in mediocrity"?

[QUOTE=Brt5470;32003181]When your profits drop 20% and you know that people are buying less of your product, you would be an idiot to not cut costs to keep your profit margins. Layoffs are a simple solution.[/QUOTE] That's a "we suck shareholder cock like it was dripping pure ambrosia" move, not a sound business practice. There's a reason all the companies listed in the news stories are publics with poor financials. You would be able to guess they were shit based on this move if you knew anything about how modern corporations work. Profit margins aren't guaranteed to be constant and demand may shift from year to year. Nobody can actually empirically say modern layoff practices have better than a net zero effect on a company, because they never factor in spurned employees, bad press, bad word of mouth, or anything else. You can't just assume whatever changes in stock price occur are a direct result of whatever stupid bullshit they did immediately prior. You [I]can[/I] peg this sort of thing to dividend and stock price jiggling, but again, shareholder fellatio, not good business.

[QUOTE=cecilbdemodded;31973951]I think this guy is pretty clear on what the problem is- people are not skilled/educated/qualified in the new jobs.[/QUOTE] I'm pretty sure I remember reading in Time that there are too many qualified workers with degrees working at places that make no use of their degrees. Medical majors working at Subway and such.