Buzz words, credibility and wordiness

Politics, Community & Society | March 12, 2009

”Buzz words”, acronyms, credibility and wordiness have given good cause for people to toss the newspaper aside and look at the net for news which is plain, simple and quick. Although lacking in content by comparison, the net’s advertising revenue is increasing and why is that?

As an Australian Financial Review reader, I love to open the paper, have my cup of coffee and yes, get my hands dirty which often leaves smudges on my face from fits of frustrated itching. Today I’ve just about had it…I’ve just applied black, ink all over my face; perhaps because it’s Friday the 13th.

AFR, March 13, 2009, Alan Mitchell’s Comment. “Weak demand is not the whole story” The monthly employment statistics are notoriously volatile but there is no doubting the deterioration in the labour market.

Government quotes “the unemployment rate rose 1.3 percentage points in the last 12 months. But even the Australian Bureau of Statistics’ smoothed, and in some respects more reliable, trend series makes it clear the economy is sinking rapidly into recession, showing the jobless rate (is that unemployment or employment rate?) Hello…Nothing about an increase in the jobless rate of .08 of a percentage point in the last 12 months is “notoriously volatile”. Those are big words there, Alan, especially if you compare it with US and European economies, not to mention Asia. Who to believe, the Government or The ABS? Why have two sets of “maybe more reliable” statistics that don’t show volatility? It didn’t go up and down like a yoyo. And this is a gem. Nor, of course, is there any question that unemployment will get a good deal worse before it starts to get very slowly better. What happened to the word employment as used in the opening paragraph? When do you switch from “unemployment” to “employment”? What does it mean, “A good deal worse? I’m starting to itch my neck now, and fingerprints are on both sides.

Unfortunately, workers will have more than weak demand to contend with. The cyclical decline in labour productivity will put upward pressure on real unit labour costs, which makes it even harder for employers to hold on to labour. Help! Start from the last titbit and work backwards…always works. It will be harder for employers to hold on to labour because a cyclical decline in labour productivity will put upward (?) pressure on real (real vs. unreal?) unit labour costs. This means workers will have more than a weak demand to contend with. Not only can’t I get my tongue around that one but the grey cells are in a state of spasm.

And of course, we have to bring in the emissions trading scheme and industrial relations reform as the icing on the cake… A nice wrapped-up scenario, Alan has presented the present from two sets of statistics from the past and predicted the future. Blast off, we are at war and I still don’t understand why.


Comments

1. David Matthew on March 14, 2009

Well you have got me thinking to...........David.

2. Lee on March 17, 2009

Well done Julie!!! Very good observations on your part with regards to the language utilised by both the media and our politicians. The use of employment verses unemployment, again a relavent and good observation.

3. Betty Eastman on March 19, 2009

Not only funny...but cleverly done. I hope the author will write more political articles like this. And I hope they will be published.

Any Comments?

About Julie Smith

My past is a compilation of self-started and owned small businesses; formally educated with a BA in Mass Communication and other passing courses which takes my interest, My passion is to bring children more safety within the family, care for dogs, and Australian wildlife (not necessarily in that order) and a general relief of suffering for everyone..
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