Are these shoes good for riding in!?

D

Darcy.A

Steel Member
Chrispy said:
Not exactly. Here this is gonna be boring and put you to sleep but whatever.

In australia a long-ish time ago there was a boom in mining. But that shit was really dangerous and risky so people got paid BIG BUCKS. Well then what started to happen was more and more people became miners and more people made big bucks. So especially in mining towns things got expensive because the miners could afford it. Its still the same now so the australian dollar, although technically like 1.1 us dollars has a different stigma around it so they are not equivalent.

/end of gey speach
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This is pretty incorrect in terms of why consumer goods are more expensive in Aus. While you could suggest the resources boom has led to inflated prices, based on the idea that higher national income leads to an increase in aggregate demand and thus prices rise as the increase in demand exceeds the increase in supply, that certainly does not explain the whole situation.

Australian cities tend to have incredibly high rates in terms of renting commercial space in comparison to other cities, and furthermore our minimum wage far exceeds that of the US and many other countries. Combine this with relatively high company taxes and mandatory super-annuation contribution of 9% and all of a sudden businesses have to fork out a lot of money just to operate. Thus, businesses must raise the prices of their goods, shoes in this instance, in order to remain a profit margin. Furthermore, due to domestic protection, imported shoes have a tariff of 5%, meaning that businesses have to pay an extra 5% of the cost of the shoes when they import them. This is then passed on to the consumer so the business does not lose money through raised prices.

I'm sure there is more to it but I'm just writing this to procrastinate studying for my exam tomorrow, so I'll stop here.

Edit: spelling error
 
Chrispy

Chrispy

Silver Member
@Darcy.A oh sorry lol. Here in the u.s. We learn little to nothing about australia or any other country for that matter. I was told by my crazy neighbor haha.



Huf is sweet so i guess supporting them is cool
 
MattThomMakesMeWarmInside

MattThomMakesMeWarmInside

Silver Member
Phase Three said:
It's not true haha white shoes get dirty just the same as any other colored shoes.
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alright smartass. White shoes get noticeably dirtier, way faster than other colors...but leather is still super easy to clean.

Btw, separate from anything going on in Australia, the USD is constantly dropping. The value of our currency is definitely going down the shitter.
 
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Darcy.A

Steel Member
MattThomMakesMeWarmInside said:
Btw, separate from anything going on in Australia, the USD is constantly dropping. The value of our currency is definitely going down the shitter.
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You say that like its a bad thing, a depreciation of currency has both positives and negatives. With the extent and persistence of your country's foreign debt, a depreciation is negative as it will make servicing these liabilities more expensive in US$ terms. However, it will also make your exports more competitive on the international market as they become increasingly cheaper as the currency depreciates against others. This is positive as it will boost economic growth, leading to greater employment and thus hugher tax revenue which can then hopefully be directed toward servicing the massive debt.
 
D

Darcy.A

Steel Member
Im just procrastinating by spewing my economics knowledge, which is now useless seeing as my final exam was a while ago. Sorry for derailing thread.
 
J

JackD

Bronze member
Yeah cheers for all of this. I dont really dig any other colours tbh, the white look nice. Im gonna order them in a few days. thanks.
 
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