Comments by "ChineseKiwi" (@ChineseKiwi) on "Australia's Quiet Collapse" video.

  1.  @DeftPol  That said, the Victorian Labor government has implemented far higher stamp duty and is pushing for housing stock and vastly increased land banking taxes. This has resulting in Melbourne having the second lowest rental prices out of the capital cities, behind a declining population Hobart. It is inaction by other state governments as well.
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  2.  @josephj6521  Incorrect. Australian minimum wages are based on industry and working conditions. These are called 'awards'. Also, this does not include the 'superannuation' / '401k' as mentioned in this video, which is on top of this wage. Not to mention higher pay for certain conditions like weekends. These are called 'penalty rates' in Australia. depending on working conditions, that is often 1.75x to 2.5x their pay. Not to mention paid holiday leave, which is you wish, you can 'cash out' and if you leave the job, the company must pay you the outstanding paid leave in pure wage.
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  3.  @Jimii89  It is implied as 'free at the point of service'. less semantics.
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  4. it is literally both. the pension investment companies own 35% of the entire Australian stock market and it is collectively the 4th largest pension fund in the world despite being 51st in population. Nearly all Australian workers would indirectly be shareholders of Youtube (via Google) in reality via having those pension investment companies invest it for them.
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  5. You company doesn't have an EBA? (American translation: collective bargaining agreement, which is FAR more common in Australia than the US)?
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  6.  @Baba-li6hc  Incorrect the maternal mortality rates in the US is FAR higher than other countries. In the US it is 23 per 100,000. Australia it is 4. For African American women, it is OVER 50. NOT A TYPO.
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  7. the latter is higher incorrect
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  8. Kiwi who moved to Australia here: Because the wages are 40%+ higher and this doesn't even include Super. And it's moving from a even worse housing market to a slightly less worse one.
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  9.  @geotruthnz7013  Sydney is the exception not the norm. Also it isn't pricing that counts, it is mortgage costs vs income and NZ would be much higher in that due to not only higher interest rates but often 40% less income.
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  10. @ once again, Sydney is the exception not the norm in Australia. And mortgage to income ratio is not the same.
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  11. despite this, the grocery price to wage ratio (a far better measure) is much better than other countries e.g. the UK
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  12.  @benet8426  it is Super funds as with alot of ASX companies. Maybe actually look at the actual financial reports from them and know what custodians are. Those who say your sort of thing have no idea of how corporate finance works and well, the annual financial reports are dry and boring right? - the 'Big 4' banks are roughly 70-75% owned by Australians too.
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  13. 2/3rds of that are students but that doesn't get the ragebait for the ratings for mainstream media does it?
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  14.  @dlb4988  However they don't have the power like they do in the US. the Teals, independents and the Greens can and do influence policy e.g. the Greens forcing Labor to put $1 billion more into social housing to get it past. The two major parties, whoever wins, will always be in a 'minority government' and need others to pass legislation. Australia has the most democratic voting system in the world in STV and an independent overseer making gerrymandering like in the US impossible.
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  15. this is a myth. Foreign investors ARE NOT the problem as Australian 'investors' buy 3x as much property and foreigners tend to buy newer housing anyway. It has ALWAYS been Aussies screwing over other Aussies.
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