Australians’ living standards face the greatest threat in a generation: report

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Australians’ living standards face the greatest threat in a generation, with no signs of strong wage growth, longer unpaid commuting times and a rise in workforce casualisation putting more pressure on middle- and lower-income households than they have faced in 20 years.

A new report from Per Capita, an independent think tank, also shows the split of national income between labour and capital is continuing to worsen in Australia, with wages’ share of national income dropping from 65.5 per cent at the turn of the century to 59.7 per cent in 2012.

It says this has occurred at the same time as the bulk of productivity improvements have come from labour rather than capital in recent years.

The report, “Paradise Lost? The race to maintain Australian living standards”, says Australians’ living standards are under threat due to slowing productivity, rising unemployment and slowing wages growth.

It warns Australians face an “inevitable correction” in their income and wages levels – with real wages set to fall markedly to reflect the country’s changed economic circumstances and lack of reform over the last decade – if nothing is done about it.

David Hetherington, Per Capita’s director, warned Australian governments they must re-start the reform process now to arrest the worrying trends, saying the benefit of the economic reforms of the 1980s and ’90s had run their course.

“Australia must either reform once again or face a dramatic downwards adjustment in wage levels and living standards,” Mr Hetherington said.

“To continue to lift labour productivity, we must lift our investment in hard infrastructure like transport and broadband, as well as soft infrastructure like skills and education.

Courtesy: The Age
Read more » http://www.theage.com.au/federal-politics/political-news/australians-living-standards-face-the-greatest-threat-in-a-generation-report-20150423-1mrppz.html

I am a cook in the US Senate but I still need food stamps to feed my children

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I work 70 hours a week doing two jobs but cannot make ends meet. Presidential hopefuls must make profitable federal contractors pay living wages

Every day, I serve food to some of the most powerful people on earth, including many of the senators who are running for president: I’m a cook for the federal contractor that runs the US Senate cafeteria. But today, they’ll have to get their meals from someone else’s hands, because I’m on strike.

I am walking off my job because I want the presidential hopefuls to know that I live in poverty. Many senators canvas the country giving speeches about creating “opportunity” for workers and helping our kids achieve the “American dream” – most don’t seem to notice or care that workers in their own building are struggling to survive.

I’m a single father and I only make $12 an hour; I had to take a second job at a grocery store to make ends meet. But even though I work seven days a week – putting in 70 hours between my two jobs – I can’t manage to pay the rent, buy school supplies for my kids or even put food on the table. I hate to admit it, but I have to use food stamps so that my kids don’t go to bed hungry.

I’ve done everything that politicians say you need to do to get ahead and stay ahead: I work hard and play by the rules; I even graduated from college and worked as a substitute teacher for five years. But I got laid-off and I now I’m stuck trying to make ends meet with dead-end service jobs.

Continue reading I am a cook in the US Senate but I still need food stamps to feed my children

Pakistan: Bahawalpur to have $1.5bn world’s largest solar power plant

BY KHALEEQ KIANI

ISLAMABAD: Pakistan has awarded $1.5 billion contract for its largest solar power project of 900MW in Bahawalpur to a Chinese company which has the biggest solar power plant of only 170MW back home.

After concluding a final round of meetings with Prime Minister Nawaz Sharif and Water and Power Minister Khawaja Mohammad Asif on Wednesday, Zonergy Company Ltd President Yu Yong told journalists that his company had a total portfolio of 1,200MW of solar plants in China and the largest one was 170MW plant in Xinjiang.

He said the company had an association of over 17 years with Pakistan. Previously, it had been engaged in telecommunication sector through another company ZTE since 1998.

Read: Pakistan plans huge desert solar park to fight energy crisis

He explained that Zonergy was not a subsidiary of the ZTE, but one of the largest shareholders in the ZTE was also the largest shareholder in Zonergy.

Continue reading Pakistan: Bahawalpur to have $1.5bn world’s largest solar power plant