Similar Posts

- Advertisement -

7 Comments

  1. I’m sick of slugging away at the coalface for 15 years and all I really have got in return is a half fucked body and little else to show for it. I’m so sick of exploitative bosses and companies treating me like a slave and paying me next to minimum wage while I have skills, qualifications and experience that should demand better pay for my service.

  2. I wonder what businesses or tourism would think if we went back to National’s 3 weeks of annual leave and reduced public holidays?
    As far as I’m aware the earth hasn’t exploded and millions of people have become unproductive.
    Before people get excited about businesses folding and under pressure because of an extra public holiday, can I suggest they come with statistical analysis showing proof that an extra holiday will lead to doomsday scenario.

  3. All very true, Mike.

    However, with capitalism in full-implosion mode, the new government probably won’t have time to introduce and pass legislation before the shit hits the fan big time. I mean really big time.

    ‘Hot money’ is racing round the world, looking for places that won’t see it wiped out as the reality of the imploding real economy hits the fictional and fantastic financial markets.

    ‘First, Wall Street has returned from their Labor Day long weekend in a grumpy mood. The S&P500 was down -2.8% but it is worse in tech with the NASDAQ down -4.1%. Overnight, European markets were similarly negative, down -1.5% on average. Yesterday Shanghai ended up +0.7%, Hong Kong closed up +0.1% and Tokyo was up +0.8%. The ASX200 was up +1.1% and the NZX50 Capital Index was up +0.3% at the close.’

    https://www.interest.co.nz/news/106951/wall-street-down-sharply-us-consumers-maxed-out-debt-australia-says-do-not-travel-china

    ‘Oil Prices Tank On Global Demand Concerns’ (benchmark Brent $39.73, down 5.43%)

    https://oilprice.com/Energy/Oil-Prices/Oil-Prices-Tank-On-Global-Demand-Concerns.html

    And then there’s California in ‘meltdown’, suffering the highest temperatures ever, worst out-of-control fires ever, and the worst yet to come.

    All is on track for a substantial meltdown of pre-Covid-19, pre-abrupt climate change, and pre-fracking-boom economic arrangements before the end of October [2020].

  4. In a post-covid world we have some workers deemed “essential” still on minimum wages.

    Generally speaking, we need thousands of essential workers to get stuff done. We don’t need a lot of CEOs.

    Now, if capitalism was actually working as the economists say (i.e, supply and demand) then the essential workers would be paid more then the CEOs because we obviously demand more of them and less CEOs.

    The answer is in two parts:
    1. We need so many workers that we simply can’t afford to pay each of them as well as a CEO
    2. The CEOs have control of the money and pay themselves well from the work of the essential workers.

  5. Well well, a Trade Unionist prompting a 4 day working week. Clearly this joker has never heard about William Balderstone Snr probably the greatest Trade Unionist that NZ never knows about all due to the thanks of the Angus McLagan, the Locke Family and their follow travellers from the NZCP who air brush the Balderstone’s out of NZ Trade Union History.

    William Bladerstone introduced the 4 day working week to the Family Co-Op run Coal Mine in Blackball in the late 30 or in the early 40’s when there was a weekly coal quota without the lost of any production rates though lost time be it manhours or mechanical/ safety. In fact it increased coal production to a point they were down to a 3day week during the war without any compromise to work safety (the then Coal Broad inspectorate and it’s inspections reports make for some interesting reading comparing to the State Mine across the valley and the Bladerstone run Co-Op) anyway the 3day working week was actually unsustainable in the long term to due a number of factors both with in the Co-Op and those outside of their control.

    The 4 day working week was maintained throughout the Mine until the shock closure ie the withdrawal of its Mine License by then National Government in the early 65’s or early 66. As the bloody Tories wanted to shut down the inefficient State Mine. After the War the Bladerstone Co-Op invested heavily in new Mining technology which allow it to reduce its cost per ton even further, which made the 4 day working week even attractive to workers in the Co-Op as not did their pay increase but also their 6monthy bonus did as well. Without any harm to the companies profit or investment in new mining technologies which was a 50/50 split between the workers and new investment including the proposed expansion of the Mine which was to start in the late 60 as William Bladerstone and his second son Len Balderstone who was by then the new Mine manager had found a new coal seam during the war and was continually map and Survey until the mines closure which would’ve turned underground coal mining on it head in NZ until the disastrous NeoCon Lib economic theory in the 90’s destroyed underground coal mining in NZ with the Pike Creek Mine Disaster.

Comments are closed.