Posted inQuick Word

QW: Universal living wage. Cost of living.

Sue Rainnie

“Cost of living” COL is a crisis resulting from prices rising faster than income. Taking money from some to throw at others will not bring prices down but will put more pressure on prices to increase. More demand on limited supply increases prices not a switch of wealth from one sector to another. Don’t confuse “COL” crisis with disparity of wealth. Not directly related. The way to reduce inflation or COL is to produce more at lower costs, be more efficient in production. Actually make things that can be sold externally ie exported. Australia needs income ie exports to pay for our consumption. We can’t keep borrowing and expect to maintain the same or better living standard. Cut red, black and green tape, get everyone back to working a full week at actually producing exported goods and services. 
hand outs are only a temporary fix to a systemic long term problem. More duct tape will not fix the problem. It will only keep you struggling. 

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