The argument you're making is a classist political argument. It is about nothing more than the long held belief of a class stratified society.
The argument is attractive to skilled workers as they see it enabling them to pay someone to do their laundry cheaper. What they don't realise is that such a move would undermine the strength of the economy, removing the demand for their skills, landing them unemployed and in the same situation as the initial unskilled group.
For examples, see the USA. Their economy failed and are their wages sky high ? LMAO.
People on $15.96 an hour do not buy houses, nice try though.
Especially when some furniture is made in Indonesia.....(Off the Dick Smith website)
(Link)
Life Hacker Articles on Australian Pricing
Australia Has The Most Expensive IKEA Products In The Entire World
Ask LH: Why Does The Nexus 7 Tablet Cost So Much More In Australia?
On the contrary, you remove many of the incentives for upskilling. Who would want to put them selves through 10 yrs of medical school if there isn't a significant gain to be had from this? (not taking the cost involved into account)
Rubbish. If you want a specialist qualification, I doubt it would be fully achieved even in ten years.No medical school is 10 years.
Rubbish. If you want a specialist qualification, I doubt it would be fully achieved even in ten years.
Great point but easy to answers.
My opionion is based on working in the logistics industry.
1) shipping cost from Indonesia to Melbourne is 50% more vs Indonesia to melbourne
2) when the good arrive here, you have to pay duty and gst (duty) was designed to keep manfacturing in Australia alive but other cost have effected this law) rate for ikea furniture is 10% duty of the commercials value plus 10%gst
So already the good have increased by 20% just on government charges
Australian port charges are the highest in the world, due to wages, government red tape etc
The bad part is there is so many other barges to add its not even funny
10 years ago imported goods where cheap for the Australian public but now because we rely on importing has gone up through the roof
Pass.
Sorry mate. Lost all respect for your replies....
I think you'll be happy with everyone working at Kmart, Wollies etc. Mind you they pay really well.
To add to Julia's answer, a colleague of mine finished his Geriatrics qualifications. I am not sure if he had to do post grad med but currently it is:
3-4 yrs for BSc plus Honours
4-5 yrs of Post grad Medicine
7 yrs of Geriatrics Training (got paid for this)
He has since been told that to get permanent positions in the field, he needed a PhD and he is now doing one.
Only 4-5 years of which is "medical school" the rest is other stuff.
Honestly the **** people come up with once the word "doctor" gets involved is amazing.
No all of which is training he requires to practice as a Geriatrician. There are similar lengths of training required for other specialties including general practice. The pay in these training periods is nothing to write home about and you need to not only complete actual work but studies at the same time. Moreover you are never actually a qualified medical doctor unless you complete this. The "other stuff" is just as important if not more so. Finishing a uni degree is the easy part.
There are similar post qual training periods for most professions, e.g Lawyers, CPA for accountants but not necessary.
I can't speak for other people but this is not ****. I am a "doctor" (I have a PhD, I work in medical research)!!
Firstly, good on you Vix! I wish we were/are as good with our money.
However no one said it can't be done (except in a few situations). I think what we are saying is that housing is Australia is absurdly expensive compared to most metrics and most other places around the world.
Also why should I be sold into this scheme and be indebted to the banks for 30-60 yrs? There is no guarantees that I will work myself up the property ladder. I think to some of us it sounds ridiculous to be living in or on the verge of mortgage stress just to be in a house and not even where we want to live.
In any case, I want to congratulate you once again for sticking to your plan. I wish more young people thought as hard about their financial future,myself included.
No all of which is training he requires to practice as a Geriatrician. There are similar lengths of training required for other specialties including general practice. The pay in these training periods is nothing to write home about and you need to not only complete actual work but studies at the same time. Moreover you are never actually a qualified medical doctor unless you complete this. The "other stuff" is just as important if not more so. Finishing a uni degree is the easy part.
There are similar post qual training periods for most professions, e.g Lawyers, CPA for accountants but not necessary.
I can't speak for other people but this is not ****. I am a "doctor" (I have a PhD, I work in medical research)!!
I missed the bit where that is all "medical school".
The required, non paid bit was 5 years, one year more than an engineer needs. Big deal.
Are you going to apologize for attempting to mislead people into thinking a medical degree is 10 years instead of 5 ?
Rubbish. If you want a specialist qualification, I doubt it would be fully achieved even in ten years.
Cheers, I appreciate that, and I'm glad it was accepted with the tone I intended - as information and not an argument. That's not my plan, just in case there was any confusion - I'm not single, not looking to do all that on my own hehe - just wanted to demonstrate it was possible per MrMagoo's post.
I do recognise our prices are by global standards extremely high, but I can't change that myself, and nor can anyone else until a substantial change is made to negative gearing. Only thing that can ruin your chances of success in this country is not having a job.
The hardest part of someones wealth creation seems, to me, to be that first step of getting out of the rent cycle and into your own house.
Sounds about right Julia.
4 years for undergrad MBBS. (EDIT: Thought it was 6 for some reason, 4 for people who held a different degree. My bad.)
1-2 year internship.
4-6 years postgrad specialisation for surgeons/specialists.
Loosely recalled from a conversation I had with my cousin who is currently doing her postgrad.
This does not change the point of my initial post. Why would someone spend X years getting training, accumulate HECS debt, work longer to be paid similar to someone working at K-Mart, Wollies etc? As weird as this sounds, it can be true for many new graduates......
Simple economic principles, can't have risk free reward. Opportunity cost always has to have a price!
I have a nasal polyp, cost to remove in Aust thru the private system $3500 approx with the surgeons fee being $1350 for maybe 2 hours work...its simple day surgery.
Cost to have the same day surgery done in the best Hospital In Manila with one of the top surgeons in the Philippines about $1100 .. less than a third.
Pretty sad that i am being forced in a round about way to get non emergency surgery done off shore...im really quite disgusted with the attitude of the medical industry here, the surgeons receptionist made me feel quite inadequate and poor with her attitude to my poverty.
I have a nasal polyp, cost to remove in Aust thru the private system $3500 approx with the surgeons fee being $1350 for maybe 2 hours work...its simple day surgery.
Cost to have the same day surgery done in the best Hospital In Manila with one of the top surgeons in the Philippines about $1100 .. less than a third.
Pretty sad that i am being forced in a round about way to get non emergency surgery done off shore...im really quite disgusted with the attitude of the medical industry here, the surgeons receptionist made me feel quite inadequate and poor with her attitude to my poverty.
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