▲ 10 ▼ Australia’s productivity problem may be impossible to measure (independentaustralia.net) submitted 3 days ago by Gorgritch_umie_killa@aussie.zone to c/ausfinance@aussie.zone 14 comments fedilink hide all child comments
[–] Eyekaytee@aussie.zone 1 point 1 day ago (5 children) we are shareholders… https://en.wikipedia.org/wiki/Superannuation_in_Australia permalink fedilink source parent hideshow 5 child comments replies: [–] No1@aussie.zone 2 points 1 day ago (4 children) True, but at best 12%, or about 1/8th. 7/8ths goes to....not you! permalink fedilink source parent hideshow 4 child comments replies: [–] Eyekaytee@aussie.zone 1 point 1 day ago (3 children) i know exactly where the money goes as our company is public which means every year they release a financial report and i can see the companies financials marketindex.com.au has been great for this for example if you want to see what bega is up to just go here https://www.marketindex.com.au/asx/bga?src=search-all then scroll down and click 21/10/2026 2026 Annual General Meeting Presentation $ voila! https://www.marketindex.com.au/asx/bga/announcements/2026-annual-general-meeting-presentation-3A704543 now because i’m lazy head over to betashares direct It’s a great year! After losing 8.5 million last year they’ve made 54 million this year! hurray! You can then lookup in the report what they’re spending the money on when there are productivity gains, there’s no pay rises I’ve had a pay a raise every year since 2018, if i wasn’t getting pay raises i would have left permalink fedilink source parent hideshow 3 child comments replies: [–] Gorgritch_umie_killa@aussie.zone [S] 2 points 15 hours ago Serious question, Instead of asking how you are, do the managers at Bega ask if its a glass half full day or half empty? Addendum, When a curly question is asked thats hard to answer, is it bega policy to begin the answer by saying, "Well, how longs a piece of cheese string" I'm here all night, When theres a product line conveyor blockage, do the technicians say, "Dairy, dairy me!" permalink fedilink source parent [–] No1@aussie.zone 3 points 1 day ago* (last edited 1 day ago) (1 child) Congrats. You are probably better off than most. Did your pay rises exceed the inflation rate? But to get back to productivity more broadly rather than one company and one employee at that company: Productivity has grown, so why have wages not kept up? "So, who is getting the benefits of productivity growth? You guessed it. Instead of flowing to workers as higher wages, business is capturing the gains from productivity growth as profit." permalink fedilink source parent hideshow 1 child comment replies: [–] Eyekaytee@aussie.zone 0 points 1 day ago i don’t look at the inflation rate as a direct comparison for my pay rate because for example if education goes up that’s no impact on me, diesel prices doubling and tripling has had no impact on me (i drive an ev), electricity price rises have no impact as i have solar and solar battery, I live a pretty frugal life to a degree Productivity has grown, so why have wages not kept up? Has it? But its main concern was decade-long stagnation, driven by complex factors now under further review by the Productivity Commission. https://www.abc.net.au/news/2025-05-28/productivity-commission-growth-report/105336036 afaik productivity has been stalled for ages the construction sector, one of the most well compensated sectors if not these most well compensated has been going backwards for years permalink fedilink source parent
[–] No1@aussie.zone 2 points 1 day ago (4 children) True, but at best 12%, or about 1/8th. 7/8ths goes to....not you! permalink fedilink source parent hideshow 4 child comments replies: [–] Eyekaytee@aussie.zone 1 point 1 day ago (3 children) i know exactly where the money goes as our company is public which means every year they release a financial report and i can see the companies financials marketindex.com.au has been great for this for example if you want to see what bega is up to just go here https://www.marketindex.com.au/asx/bga?src=search-all then scroll down and click 21/10/2026 2026 Annual General Meeting Presentation $ voila! https://www.marketindex.com.au/asx/bga/announcements/2026-annual-general-meeting-presentation-3A704543 now because i’m lazy head over to betashares direct It’s a great year! After losing 8.5 million last year they’ve made 54 million this year! hurray! You can then lookup in the report what they’re spending the money on when there are productivity gains, there’s no pay rises I’ve had a pay a raise every year since 2018, if i wasn’t getting pay raises i would have left permalink fedilink source parent hideshow 3 child comments replies: [–] Gorgritch_umie_killa@aussie.zone [S] 2 points 15 hours ago Serious question, Instead of asking how you are, do the managers at Bega ask if its a glass half full day or half empty? Addendum, When a curly question is asked thats hard to answer, is it bega policy to begin the answer by saying, "Well, how longs a piece of cheese string" I'm here all night, When theres a product line conveyor blockage, do the technicians say, "Dairy, dairy me!" permalink fedilink source parent [–] No1@aussie.zone 3 points 1 day ago* (last edited 1 day ago) (1 child) Congrats. You are probably better off than most. Did your pay rises exceed the inflation rate? But to get back to productivity more broadly rather than one company and one employee at that company: Productivity has grown, so why have wages not kept up? "So, who is getting the benefits of productivity growth? You guessed it. Instead of flowing to workers as higher wages, business is capturing the gains from productivity growth as profit." permalink fedilink source parent hideshow 1 child comment replies: [–] Eyekaytee@aussie.zone 0 points 1 day ago i don’t look at the inflation rate as a direct comparison for my pay rate because for example if education goes up that’s no impact on me, diesel prices doubling and tripling has had no impact on me (i drive an ev), electricity price rises have no impact as i have solar and solar battery, I live a pretty frugal life to a degree Productivity has grown, so why have wages not kept up? Has it? But its main concern was decade-long stagnation, driven by complex factors now under further review by the Productivity Commission. https://www.abc.net.au/news/2025-05-28/productivity-commission-growth-report/105336036 afaik productivity has been stalled for ages the construction sector, one of the most well compensated sectors if not these most well compensated has been going backwards for years permalink fedilink source parent
[–] Eyekaytee@aussie.zone 1 point 1 day ago (3 children) i know exactly where the money goes as our company is public which means every year they release a financial report and i can see the companies financials marketindex.com.au has been great for this for example if you want to see what bega is up to just go here https://www.marketindex.com.au/asx/bga?src=search-all then scroll down and click 21/10/2026 2026 Annual General Meeting Presentation $ voila! https://www.marketindex.com.au/asx/bga/announcements/2026-annual-general-meeting-presentation-3A704543 now because i’m lazy head over to betashares direct It’s a great year! After losing 8.5 million last year they’ve made 54 million this year! hurray! You can then lookup in the report what they’re spending the money on when there are productivity gains, there’s no pay rises I’ve had a pay a raise every year since 2018, if i wasn’t getting pay raises i would have left permalink fedilink source parent hideshow 3 child comments replies: [–] Gorgritch_umie_killa@aussie.zone [S] 2 points 15 hours ago Serious question, Instead of asking how you are, do the managers at Bega ask if its a glass half full day or half empty? Addendum, When a curly question is asked thats hard to answer, is it bega policy to begin the answer by saying, "Well, how longs a piece of cheese string" I'm here all night, When theres a product line conveyor blockage, do the technicians say, "Dairy, dairy me!" permalink fedilink source parent [–] No1@aussie.zone 3 points 1 day ago* (last edited 1 day ago) (1 child) Congrats. You are probably better off than most. Did your pay rises exceed the inflation rate? But to get back to productivity more broadly rather than one company and one employee at that company: Productivity has grown, so why have wages not kept up? "So, who is getting the benefits of productivity growth? You guessed it. Instead of flowing to workers as higher wages, business is capturing the gains from productivity growth as profit." permalink fedilink source parent hideshow 1 child comment replies: [–] Eyekaytee@aussie.zone 0 points 1 day ago i don’t look at the inflation rate as a direct comparison for my pay rate because for example if education goes up that’s no impact on me, diesel prices doubling and tripling has had no impact on me (i drive an ev), electricity price rises have no impact as i have solar and solar battery, I live a pretty frugal life to a degree Productivity has grown, so why have wages not kept up? Has it? But its main concern was decade-long stagnation, driven by complex factors now under further review by the Productivity Commission. https://www.abc.net.au/news/2025-05-28/productivity-commission-growth-report/105336036 afaik productivity has been stalled for ages the construction sector, one of the most well compensated sectors if not these most well compensated has been going backwards for years permalink fedilink source parent
[–] Gorgritch_umie_killa@aussie.zone [S] 2 points 15 hours ago Serious question, Instead of asking how you are, do the managers at Bega ask if its a glass half full day or half empty? Addendum, When a curly question is asked thats hard to answer, is it bega policy to begin the answer by saying, "Well, how longs a piece of cheese string" I'm here all night, When theres a product line conveyor blockage, do the technicians say, "Dairy, dairy me!" permalink fedilink source parent
[–] No1@aussie.zone 3 points 1 day ago* (last edited 1 day ago) (1 child) Congrats. You are probably better off than most. Did your pay rises exceed the inflation rate? But to get back to productivity more broadly rather than one company and one employee at that company: Productivity has grown, so why have wages not kept up? "So, who is getting the benefits of productivity growth? You guessed it. Instead of flowing to workers as higher wages, business is capturing the gains from productivity growth as profit." permalink fedilink source parent hideshow 1 child comment replies: [–] Eyekaytee@aussie.zone 0 points 1 day ago i don’t look at the inflation rate as a direct comparison for my pay rate because for example if education goes up that’s no impact on me, diesel prices doubling and tripling has had no impact on me (i drive an ev), electricity price rises have no impact as i have solar and solar battery, I live a pretty frugal life to a degree Productivity has grown, so why have wages not kept up? Has it? But its main concern was decade-long stagnation, driven by complex factors now under further review by the Productivity Commission. https://www.abc.net.au/news/2025-05-28/productivity-commission-growth-report/105336036 afaik productivity has been stalled for ages the construction sector, one of the most well compensated sectors if not these most well compensated has been going backwards for years permalink fedilink source parent
[–] Eyekaytee@aussie.zone 0 points 1 day ago i don’t look at the inflation rate as a direct comparison for my pay rate because for example if education goes up that’s no impact on me, diesel prices doubling and tripling has had no impact on me (i drive an ev), electricity price rises have no impact as i have solar and solar battery, I live a pretty frugal life to a degree Productivity has grown, so why have wages not kept up? Has it? But its main concern was decade-long stagnation, driven by complex factors now under further review by the Productivity Commission. https://www.abc.net.au/news/2025-05-28/productivity-commission-growth-report/105336036 afaik productivity has been stalled for ages the construction sector, one of the most well compensated sectors if not these most well compensated has been going backwards for years permalink fedilink source parent