Author Archives: bill

Friday lay day – the skill shortage myth in Australia

Its my Friday lay day with respect to blog writing but at the risk of today’s publication looking like an advertising catalogue, I thought I have better write something. There are a number of topics I am delving into at … Read the rest of this entry »

Posted in Friday | 16 Comments

Corbyn should stop saying he will eliminate the deficit

The New Labour group are clearly getting desperate in Britain and Blair himself has come out again to vilify Jeremy Corbyn and predict a Labour annihilation at the next general election. Clearly Blair and his cronies haven’t understood that their … Read the rest of this entry »

Posted in Economics | 40 Comments

Australia wages growth drops to a new record low

With the Chinese yuan now falling and the Australian dollar going with it, domestic inflation pressures will rise in Australia in the coming months. This doesn’t augur well for Australian workers who were told today that wages growth in the … Read the rest of this entry »

Posted in Labour costs | 2 Comments

US labour market weakening

The Federal Reserve Bank of America has been publishing a new indicator – the Labor Market Conditions Index (LMCI) – which is derived from a statistical analysis of 19 individual labour market measures since October 2014. It is now being … Read the rest of this entry »

Posted in US economy | 2 Comments

Ireland – the quantity-adjusting recovery

There was an interesting – Letter to the New York Times – last week (August 3, 2015) from an Irish academic (Stephen Kinsella) in response to an Op Ed by the German economist Hans-Werner Sinn (July 24, 2015) – Why … Read the rest of this entry »

Posted in Eurozone | 14 Comments

Saturday Quiz – August 8, 2015 – answers and discussion

Here are the answers with discussion for yesterday’s quiz. The information provided should help you understand the reasoning behind the answers. If you haven’t already done the Quiz from yesterday then have a go at it before you read the … Read the rest of this entry »

Posted in Saturday quiz | 1 Comment

Saturday Quiz – August 8, 2015

Welcome to the Billy Blog Saturday Quiz. The quiz tests whether you have been paying attention over the last seven days. See how you go with the following questions. Your results are only known to you and no records are … Read the rest of this entry »

Posted in Saturday quiz | 4 Comments

Friday lay day – no case made to cut penalty rates

Its my Friday lay day and I end this week feeling infinitely better (how would I measure that?) than this time last week. The human capacity is pretty phenomenal. This week the Productivity Commission of Australia released its draft report … Read the rest of this entry »

Posted in Friday, Labour costs | 1 Comment

Australia labour force – employment rises – but caution required

Today’s release of the – Labour Force data – for July 2015 by the Australian Bureau of Statistics shows that the Australian labour market improved this month with both positive employment growth and rising participation. Unemployment increased as did the … Read the rest of this entry »

Posted in Labour Force | 2 Comments

Correcting political ignorance and misperceptions

Apparently, voters hate fiscal deficits, associate them with squander and want them to be cut, so that nations can live within their means. Any attempt to run foul of that essential wisdom will come to grief. So all you ‘left’ … Read the rest of this entry »

Posted in Politics, UK Economy | 25 Comments