REX to transition to ATRs, start domestic jet ops
Yet every week I speak with twenty something cabin crew and terminal staff who are buying a house or getting pregnant, some even do both. Perhaps not subscribing to three streaming services, owning a $2000 mobile phone, visiting a nail spa every week and eating home delivery three times a week helps them make ends meet. Or is it the lack of smashed avocado...
I think you mean a decent life unlike a steep descent.
I think you mean a decent life unlike a steep descent.
That would be why now we have both people working not one. Leading to longer maternity leave and paid leave.
Young people are still buying houses or apartments and they have a better standard of living than their parents and grand parents, they live longer are healthier during their longer life.
Yes it really is doom and gloom.
Edited to add...https://www.aussie.com.au/content/da...ars_report.pdf
That may be true, numbers are funny things.
That would be why now we have both people working not one. Leading to longer maternity leave and paid leave.
Young people are still buying houses or apartments and they have a better standard of living than their parents and grand parents, they live longer are healthier during their longer life.
Yes it really is doom and gloom.
Edited to add...https://www.aussie.com.au/content/da...ars_report.pdf
That would be why now we have both people working not one. Leading to longer maternity leave and paid leave.
Young people are still buying houses or apartments and they have a better standard of living than their parents and grand parents, they live longer are healthier during their longer life.
Yes it really is doom and gloom.
Edited to add...https://www.aussie.com.au/content/da...ars_report.pdf
Do you think the necessity of two income just to live is an improvement?
People have pushed up house prices by offering more and more at auctions and offering above market value, particularly those on 2 incomes, the government can not be blamed for that
What they can be blamed for is stalling wages as the let overseas workers in the hundreds of thousands to fill unskilled vacancies
These jobs were filled by school leavers who likely also studied along with mostly unskilled workers, these unskilled workers are mostly now on welfare
There is now too much supply so employers have no need to offer up more to find suitable employees...
As an employer, through ought the boarder closures, labour was very hard to find and and I was having to offer more to find staff, which had the added knock on effect that I had to increase pay to my current staff to match the new ones, double ouch...
What they can be blamed for is stalling wages as the let overseas workers in the hundreds of thousands to fill unskilled vacancies
These jobs were filled by school leavers who likely also studied along with mostly unskilled workers, these unskilled workers are mostly now on welfare
There is now too much supply so employers have no need to offer up more to find suitable employees...
As an employer, through ought the boarder closures, labour was very hard to find and and I was having to offer more to find staff, which had the added knock on effect that I had to increase pay to my current staff to match the new ones, double ouch...
All three are predicted to fall- we are the first generation to bring kids into the world likely to live shorter, worse lives than we did.
* The shorter lives issue relates to findings in the USA
Which ever way you cut, a twenty something now is FAR FAR better off than any previous generation, but the way they carry on about boomers you would not know it and they do not realise it.
* Predicted - it has not happened and may not.
* The shorter lives issue relates to findings in the USA
Which ever way you cut, a twenty something now is FAR FAR better off than any previous generation, but the way they carry on about boomers you would not know it and they do not realise it.
* The shorter lives issue relates to findings in the USA
Which ever way you cut, a twenty something now is FAR FAR better off than any previous generation, but the way they carry on about boomers you would not know it and they do not realise it.
I REALLY REALLY don't see why you say that- my first house was worth slightly over twice my salary. That house would now be worth 5 times MY current salary- let alone the equivelent to what I earned then. In what way are my kids better off than we were?
* Predicted - it has not happened and may not.
* The shorter lives issue relates to findings in the USA
Which ever way you cut, a twenty something now is FAR FAR better off than any previous generation, but the way they carry on about boomers you would not know it and they do not realise it.
* The shorter lives issue relates to findings in the USA
Which ever way you cut, a twenty something now is FAR FAR better off than any previous generation, but the way they carry on about boomers you would not know it and they do not realise it.
and you wonder why you have the reputation you do...
Housing prices that make ownership a pipedream, lowering real wages, rising cost of living- have a look at birth rates. The younger generation are having to choose not to be parents in order make enough for any xemblance of a descent life.
WELL- affordability of just about every other staple of lfe!
Stagnant wages in the face of growing inflation, against a backgroud of disproportionatley low expenditure on public infrastructure.
An irrepairably damaged environment that will have both ecconomic and health outcomes forever.
The condensing of wealth and therefore political power in the increasingly smalll number of the very rich.
The destructon of collective bargsning, with assocuiated lack of rights regarding job security.
SO- we are in an inbalance. I've answered a question for you, while you ignored one from me- how are they better off?
Agreed- but we're the first generation to need to.
Not so free uni? What's the average degree course cost now compared to the 70s?
Also I'm sure you've read the stats showing the average required deposit is growing at a greater rate than the average savings a young person can achieve over the same period..
May I ask you, hand on your heart, do you consider yourself to have come from a better than average family with regards to wealth?
Also I'm sure you've read the stats showing the average required deposit is growing at a greater rate than the average savings a young person can achieve over the same period..
May I ask you, hand on your heart, do you consider yourself to have come from a better than average family with regards to wealth?
.....Reminded me of this classic back in the day...
A board member of budget carrier Tiger Airways, Ryan said the “Porsches and Ferraris” were starting to park outside the Tiger terminal.
No, us too- we have our own obecity/health/polution issues.
I REALLY REALLY don't see why you say that- my first house was worth slightly over twice my salary. That house would now be worth 5 times MY current salary- let alone the equivelent to what I earned then. In what way are my kids better off than we were?
I REALLY REALLY don't see why you say that- my first house was worth slightly over twice my salary. That house would now be worth 5 times MY current salary- let alone the equivelent to what I earned then. In what way are my kids better off than we were?
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Umm...aside from the ability to aquire the single most important asset anyong can have?
WELL- affordability of just about every other staple of lfe!
Stagnant wages in the face of growing inflation, against a backgroud of disproportionatley low expenditure on public infrastructure.
An irrepairably damaged environment that will have both ecconomic and health outcomes forever.
The condensing of wealth and therefore political power in the increasingly smalll number of the very rich.
The destructon of collective bargsning, with assocuiated lack of rights regarding job security.
SO- we are in an inbalance. I've answered a question for you, while you ignored one from me- how are they better off?
WELL- affordability of just about every other staple of lfe!
Stagnant wages in the face of growing inflation, against a backgroud of disproportionatley low expenditure on public infrastructure.
An irrepairably damaged environment that will have both ecconomic and health outcomes forever.
The condensing of wealth and therefore political power in the increasingly smalll number of the very rich.
The destructon of collective bargsning, with assocuiated lack of rights regarding job security.
SO- we are in an inbalance. I've answered a question for you, while you ignored one from me- how are they better off?
Trading Economics - M1 Supply. The whole lot, M0, M1, M2, M3 have headed skyward and that doesn't bode well (and Oz isn't the only country to have done it). Icarus, Insider, et al, your mates maybe buying houses and having babies, but you're riding a wave of debt in the process, something some of the previous generations either managed and/or steered clear of. That combined with CoL increases in Oz over the last couple of years, plus the wage stagnation some have mentioned before is a lay-up for some pretty unpleasant future realities. Lab/Lib doesn't seem to matter really, both have screwed the pooch.
REX is just another example of an entity riding the debt wave, new money and all. I wouldn't know what kind of reserves QF has or how deep Bain's pockets go, but sure as dog-doo stinks REX is in the game with a pretty empty hand and a lot of bluff.
The latest from the SMH....Rex Airlines says it has started to lure some of Qantas’ lucrative corporate clients over to its new inter-city jet service, contradicting the larger carrier’s claim that the smaller airline posed no challenge to its market dominance.
.....Reminded me of this classic back in the day...
A board member of budget carrier Tiger Airways, Ryan said the “Porsches and Ferraris” were starting to park outside the Tiger terminal.
.....Reminded me of this classic back in the day...
A board member of budget carrier Tiger Airways, Ryan said the “Porsches and Ferraris” were starting to park outside the Tiger terminal.
Tiger never had business class seats and a regional network that offered connectivity for business travelers. In all honesty, the elephant in the room is QFs huge and growing debt in a world where interest rates are about to go ballistic. The build up of fleet is an indication the other airlines know this and smell blood in the water. QF will post another billion dollar loss this year, who knows what the debt bill will be up to, $6-$7 $10 billion before this is all over. Very hard for them to compete with such huge encumbrance, add to that a squeezed employment market and as the opposing fleets build up QF will be forced to cede slot times for competitive purposes as the ACCC will not allow a monopolistic hold on slots. This is why QF is so keen on the 60% line in the sand, if they lose market share they lose the ability to require/demand that market share of slots into Melbourne and Sydney.
Joyce made a fatal mistake for QF when it claimed it required no bailout money back in 2020, a ploy to force Virgin into administration. His bully tactic has backfired with now his own entity indebted to the teeth with two strong competitors growing with private equity partners with deep pockets and cheap leases. No other airline would touch QF unless to buy out the corpse and PE would be brave to step up against Bain and PAG with already established markets. Good luck to QF, but I don't see things being so rosy in the next 5 years. The government will not bail out QF as it is, the International sector is probably the only part they may consider, the rest will be pickings for VA and Rex to select what they want from the ashes.
Joyce made a fatal mistake for QF when it claimed it required no bailout money back in 2020, a ploy to force Virgin into administration. His bully tactic has backfired with now his own entity indebted to the teeth with two strong competitors growing with private equity partners with deep pockets and cheap leases. No other airline would touch QF unless to buy out the corpse and PE would be brave to step up against Bain and PAG with already established markets. Good luck to QF, but I don't see things being so rosy in the next 5 years. The government will not bail out QF as it is, the International sector is probably the only part they may consider, the rest will be pickings for VA and Rex to select what they want from the ashes.
Last edited by 43Inches; 26th Feb 2022 at 21:24.