Pyramid selling... The curse of the Pharaoh...

From the SMH (12/11/05)
Talent wasted in nation of under-achievers

By Adele Horin
November 12, 2005

Almost 30 per cent of Australians are over-educated for the jobs they do, leading to time wasting, low job satisfaction, and reduced earnings.

Gustashian Krakovitch Leonisky comments:

Don't you worry about that, Adele. Johnnee's education policy, especially with university fees, will make sure there are less educated people around thus no more over-education. Job satisfaction may reach rock bottom under his IR new laws, but earnings will be reduced in proportion to that anyway. Job satisfaction for Bosses on holidays on the Italian Riviera will be ot an all time high.

From the NY Times

Books of The Times | 'The Disposable American'
By THOMAS GEOGHEGAN
Published: March 29, 2006
Is the layoff the great American wound? In Louis Uchitelle's account, it seems a wound in triplicate. It hollows out companies so they can't compete. It hollows out the country by removing middle-class jobs. It hollows out the middle-class employees who are laid off and then too often drop permanently to a demeaning, low-wage way of life. To Mr. Uchitelle, who reports on economics for The New York Times, corporate America's addiction to the layoff has gone past the point of economic rationality. In this fascinating book he tries to tell the history of the United States in our time as the unchecked rise of layoffs

Read more at the NY Times....

From the ABC

Economic downturn may cut wages
The head of the Fair Pay Commission says an economic downturn could force a reduction of the minimum wage in real terms.

The commission was established to set the minimum wage as part of the Federal Government's workplace relations changes.

It is prevented by law from lowering the wage below $12.75 per hour.

However, commission chairman Professor Ian Harper says if the economy is in trouble it could mean the minimum wage might have to be kept below inflationary levels.

"Clearly if the Australian economy went into a severe recession we'd have to think very clearly what that meant for minimum wages because of the impact of that on unemployment," he said.

"If I put real wages up too high and result in a lot of people losing their jobs, I won't be doing what I've been asked to do."
read more at the ABC

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Gus: So why don't we work for peanuts and save him the bother of doing a hatchet job...

From the ABC

PM proud of WorkChoices
Prime Minister John Howard has defended the Government's new industrial relations laws amid another round of union and Opposition criticism.

The Australian Council of Trade Unions says a leaked document shows the Chamber of Commerce and Industry met with Workplace Relations Minister Kevin Andrews last week to push for another wave of changes.

The chamber says it is providing feedback to the Federal Government and has disputed the range of issues unions say it raised with the minister.

The Federal Government says it is not planning any more major workplace relations changes, but has not ruled out what it calls "fine tuning".

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For those whose salaries, wages etc., have been "downsized", "simplified", "de-penalised", "2-cents-an hour-zitised", "peanutized", etc., may you be reassured that the next wave of fiddle is just "fine-tunitising"...

Now please stand up for the "Hail Howard" salute and turn your backs on the signal so he can flog you some more... Lashes are free, unlike some job interviews for which you have to pay the prospective employer...

Hey, it's a lottery out there!... This is das capitalism, what do you expect?

see cartoon at the top... blah blah...