Adventure Ausrama Blog

Get ready for the dole queue as technology puts more people out of work. Even traditional occupations such as law is to be taken over by computers doing routine work. Nearly half of the workforce is predicted to lose their jobs. This is frightening and will be devastating to the economy and society. It seems that efficient technology will take over menial tasks. While it is conceivable that routine work will be done by computers, it is questionable whether laboring tasks will. Even laboring takes a conscious mind to wield the shovel. We do not yet have human-sized robots smart enough to do this. Automated combine harvesters are one thing, but robotised fence repairers - I think not! Australia could make the mistake of hanging on to old ways of making money. Primary products have been the major source for earning foreign exchange for a couple of centuries. Primary products will always be needed. Australia must change, however, to accept new ways of doing things in a ...

The Australian economy is heading southward and this does not mean we are moving closer to Antarctica. Our financial health is still in primary products. The price and demand for iron ore and coal still drives the economy. At the moment the foot is really off the accelerator and we are idling downhill. We will eventually reach the bottom. Then the country will have big problems. Tax revenue is already falling due to lower demand by China. US demand for Chinese good remains sluggish. As the world economy falls it impacts strongly on Australia. We have not made the move away from agriculture and manufacturing. This is mainly because our resource bowl has kept wages high. Manufacturing countries always have a wage differential advantage. In time, wages will rise in China as they have in Japan. Then companies will probably move to Southeast Asia. The hope that Australia will have a increase in IT start-ups to offset the fall in resource exports is not well founded. Products ...

The Abbott government has a clear policy driving its actions : it strongly believes in the free market mechanism and is "trying" to balance the books like a successful business. However, a government is not a business. It operates to benefit its people. You need a heart to understand what your citizens want. Unfortunately, Abbot does not have a heart. He is selfish in forcing his beliefs on the Australian people, because that is what they are - beliefs. The market will not provide a fair health care system. In the US market health care runs riot over the welfare of the people. This is what Abbott wants to foister on Australians. Tony Abbot is not interested in democracy. Belly aching about not being able to get his $7 GP co-payment through the senate was laughed at by delegates at the G20 conference. How obsessed can one be? He is definitely too selfish for words. He wants to force his views on the country like John Howard did. Note, Howard not only los...

Australia is one the world's major producers of wheat. If climate change reduces national output there will be widespread consequences. The economy will suffer with the need to import wheat. Internationally, a wheat shortage will put prices up and many poor people will have to go without. On the positive side some regions of Australia will get more rain. People will still be able to "fatten up" on sugar and rice, despite research showing that sugar contains no nourishment whatsoever for the human body. Two centuries ago a group of British sailors was shipwrecked on the west coast of Africa. The ship was beached. Even though the ship had a full load of West Indian sugar they all died of malnutrition. Getting back to the main point. There will be competition for arable land pushing land prices up. There is also a link between the land and sea. Climate change will reduce the fish catch. Living in the bush will become impossible with farming failing to prop...

The age of entitlement is over for Australia - unless of course you vote for the Coalition. This is the the message of the A$324 million drought package comes across to Australians living in cities. The motor industry got not support, neither did SPC. Eighty per cent of Queensland is suffering drought. It is a serious crisis. However, a government must be seen to be consistent. Taking the hammer to trade unions is to be expected from a conservative government. The Liberal-National Government is not in the center politically in Australia. It is definitely conservative: plainly an anachronism that we have to live with. The National Party would bring back tariffs if they had the power, but they will remain Liberal Party lap dogs forever. Of course, other countries put up barriers against agricultural imports, so Australia should do the same. However, how can a government say one thing and act in a contrary manner. It cannot be taken seriously. A turn here, a flip there ...

Australia is a lucky country. Its citizens have become much wealthier over the past 30 years. We have to thank the politicians for this. What? We most certainly do not owe it to politicians. Australia is richer because China has become richer and Australia is the main source of the minerals China needs to make all the exports which have been leaving that country in increasing amounts, by the year. The Labor Government had the money from tax collections horded by the Howard Government to bail Australia out of the impending recession. We don't have to thank Howard for this. The money should have been spent on hospitals and schools. The Coalition Government held the economy back even though it was doing very well. And Labor should not take all the credit for Australia not going into recession. The money was there and it spent it. The Coalition somehow lost the plot of governing. It most definitely should not have kept on blaming the states for the hospital crisis. The Coalition sp...

There is clearly something wrong with the Australian economy. We seem to in the same position of Indonesia several decades ago when it had oil and the high price was pushing up the value of the currency. A high currency makes it difficult for those producing "non-boom" products to export. That is why the US is printing more dollars to weaken the currency, improve the economy and create more jobs. Nothing much is happening for it though because the US dollar is the major international currency as gold used to be. Just why Australian shopkeepers are crying fowl is more difficult to understand. A strong currency means imports are cheaper. Australians are very import dependent in their spending habits and buying cheap imports is what they like to do. They buy such imports over more expensive Australian made products, but this shouldn't hurt the bottom line of retailers. They claim Australians are spending less. Though figures show this to be the case, spendin...

The Internet is putting more people out of work and this is only the beginning. As more advanced algorithms are being developed established jobs are under threat. It will not only be lawyers and professional photographers employed by newspapers who get the chop. Unless you are in work that involves human problem solving like plumbers, mechanics and vehicle body repairers your job will face "extinction". Most of the burden will fall on older workers. Retail, for example, only wants teenagers who can be paid a pittance while "training". Open discrimination occurs against people over 45. They are simply not wanted. This barrier age has fallen in recent years. Computerized job selection processes cuts them off at the beginning. Their resumes are not even looked at. If they go personally to apply for a position they face insulting comments and bad jokes. Employers are no longer afraid of telling them directly that they are too old. Many have simply given up ...

The Internet has disrupted the security of ordinary money. The economic system controlled by the banks for centuries is now under threat. Bitcoin is an example of new money. Its mere presence in feared by the banks. Money, or at least its value, depends on people having faith that it can easily be exchanged for different goods. In Germany before WWII security in money was severely challenged. There was rampant inflation, so much so that people had to push barrow loads of  cash to a shop to get a loaf of bread. New money is everywhere: PayPal has taken the banking world by storm. These bank-like services are being offered by Google, Apple and eBay. To get Followers on Twitter, many sites are offering seeds. Though the websites deny trading for followers, this is exactly what it is. Google's Wallet is really a bank service. Smartphones can be swiped in store terminals to buy goods. The problem is most money does not really exist it is just recorded in books as they used...

The National Sustainability Council presented its long awaited report called the Sustainable Australia 2013: Conversations with the Future . This is the first of a series of biennial papers to advise the government about the state of the economy vis-a-vis the environment. Full of optimism, the newly founded council said the future looked bright if we changed to building sustainable communities. However, the type of community needed is far more radical than envisaged by the council. Despite Australia having many of the most livable cities in the world we need to start planning immediately for the kind of balanced society of the future. Oil will not be around forever and coal is too polluting to be used at such high rates. This means individuals driving around in five seater cars will not be possible. Electricity use is skyrocketing with Internet cloud servers and hungry mobiles gobbling up tonnes of coal and oil in power stations. Future cities will have to be designed with hou...

The overseas economic crisis is changing the perception of wage rates in Australia. Over recent months the Aussie dollar has fallen in value.  It helps exporters. The retail sector has also been calling for the dollar to be intentionally weakened. This is odd considering Australian consumers are heavily "addicted' to imports, so prices will probably rise in the shops. There will be an election in September. Any color of government will have to cut back on spending. This will mean higher unemployment. Therefore, despite inflation steadily rising there will be downward pressure on wages. There is already a glut of people seeking employment in the vegetable and fruit picking industry. When you go shopping a distinct feel of recession is in the air. With many buying online, the shops are almost devoid of shoppers. The lowest income earners have just been given a 2.6 per cent pay rise. This was done to redistribute income. Higher unemployment will prevent future artifi...

Many people in developed countries rely on welfare to live their lives. The welfare state has been accepted as the only way for government to go - until now. Britain where the welfare state began is making major cutbacks in government payments. Even in the US, where government support is perceived as low by non-US citizens, middle class welfare is rife. The term middle class is a widely misused term. Everyone knows it means the rich. It seems everyone has the their hands in the government feed trough. In Australia the baby bonus was introduced by a right wing Howard government. It is ironic that it has been virtually abolished by a left wing government. It was available to all, rich and poor. No means testing was ever done. The problem is political parties keep giving in order to be elected. This happens until a major deficit occurs and cutbacks are forced onto prevailing government. If redistribution of income was not done the rich would get richer and the poor would be u...

Though populations in Western countries are getting older, the proportion of young people in developing countries is extremely high. There are no fears of a future labor shortage because of this. However, Western economies will probably face higher unemployment and lower tax revenue if they do not employ older citizens. Countries that go through boom times seem to end up with societies that do not produce enough children to "even out" the general population over time. A case in point is Japan. It was a strong economy from the 1960s. Now it is struggling but the propensity not to have children persists. Savings were high in Japan. Elderly people have already sold off assets that they had accumulated to fund their retirement. Savings have fallen from 15 per cent of GDP to only 3 per cent. Baby boomers experienced the highest standard of living ever so they had the opportunity to save. Younger Japanese workers today do not have the income surplus to put aside for the...