3/10/2018

Post by Concerns of a Heartland Sinkie - Part 3

As mentioned before, pls edict/ amend any error you may deem fit. Thank you.

"Generally, wages in the labour market are determined in the below simplified algebraic equation:

W = PeF(u,z)

On the other hand, prices that producers charged to consumers can be determined by the following equation:

P = (1+Tgst) (1+m)W

Substituting the first equation into the second, we get:

P = Pe(1+Tgst)(1+m)F(u,z)

Further simplifying the factor “u” and converting it to output (Y) yields the following relation:

P = Pe(1+Tgst)(1+m)F(1-Y/L, z)

Given LHS is P (price level) & RHS contains Y (national output), this relation can be plotted in a Price Level – National Output space.

At any given aggregate demand, when the term “Tgst” is increased, say eg from 7% to 9%, at each and every national output level, P would be higher translating to a decrease in the aggregate supply.

Thus, the effect as shown (Mathematically) above implies that at a given aggregate demand, an increase in Tgst would lead to the double-whammy pernicious effects of a higher price level and a reduced national output."



NB: Above formulations are “clobbered” together during lunch break hours (on 9 Mar 2018) amidst gobbling down of a take-way sandwich in a crowded “chairless” stand only tall tables eatery in town area. The “inspiration & motivation” (to “clobber” above-mentioned formulations) came from reading Uncle RB’s post while walking to buy a quick lunch. Thus, there may be oversight in the formulation. If there is any conceptual “discrepancy”, would humbly and highly appreciate any learned economist working near Uncle RB’s office in MBFC, RP or any Economics Professor teaching in the Unis to share their insights. Thank you so much in advance.

27 comments:

Virgo49 said...

Hello Bro, your equation too cheem.

All still cracking their heads to solve the Mathemtucial thesis.

Wah, thought you clobbered this standing at the Tall Table where the Big Screen besides the Refreshments Kiosk at Monte Carlo eating B5 Bak Kua Unko Sandwich with egg/bak kua /Bak Hoo at RM9.00 to have this formula.

The Groupier opposite gonna stare at you wishing you come and patronize his table as he feels bored staring into the Ceilings.

Cheers

Anonymous said...

"名义工资(nominal wages)

什么是名义工资
  名义工资即货币工资,是指工人出卖劳动力所得到的货币数量。名义工资在近些年来有个新的定义,在国有企业尤其是涉及海外油气投资的国有企业广泛使用,被国有企业用来转移支付,偷漏国家税款。名义工资是指国内员工在境外公司的合法收入,该收入存入以个人名义开立的银行账户,并由国内企业违法占用,个人不得动用以个人名义开立账户里的资金。名义工资远高于实际工资,体现了劳动者实际在海外的劳动,名义工资本应回到中国境内补纳税,但被企业截留放在中国境外,用于处理在中国境内无法进行账务的开支,同时,实际工资从中国境内支出,列做中国境内的成本,从而避免国内税收。因此,名义工资其实质是利用信息不对称,偷逃国家税款。"

Anonymous said...

,偷逃国家税款。
"名义工资的计算公式:

  W=PeF(u,z)

  W:名义工资,

  Pe:预期价格水平;

  u:失业率

  Z:综合变量。"

Anonymous said...

名义工资的影响因素
  取决于三个因素:

  从上式可以看出,名义工资取决于预期价格水平、失业率和综合变量。

Anonymous said...

"名义工资与实际工资的区别与联系
  ①名义工资和实际工资的区别。

  实际工资是指工人用货币工资所能购买到的生活资料和取得的劳务的数量,它较确切地反映了工人的实际收入水平和生活状况。

  ②名义工资和实际工资的联系。

  名义工资和实际工资有密切的联系,在其他条件不变的情况下,两者变动是一致的,即名义工资越高,实际工资也就越高,反之亦然。但两者的变动也经常不一致,即名义工资不变甚至提高,而实际工资却可能降低,这是因为,实际工资的水平不仅取决于货币工资的高低,还取决于物价的高低。如果名义工资不变,物价上涨,或者名义工资的提高赶不上物价上涨的速度,实际工资就会下降。

  ③名义工资和实际工资的变动趋势。

  资本主义工资的变动趋势是,名义工资一般呈上升趋势,实际工资有时提高有时降低,从长其看是提高趋势。由于劳动生产率的提高比实际工资提高得更快,因而在实际工资提高的同时,剥削程度仍会加重。"

agongkia said...

真笑死人,計算工資也須用這種脫褲子放屁的計算法。
只要僱主僱員高興,何必費神費功夫。

Heartland Sinkie said...

Virgo49 March 10, 2018 7:20 pm
///Wah, thought you clobbered this standing at the Tall Table where the Big Screen besides the Refreshments Kiosk at Monte Carlo eating B5 Bak Kua Unko Sandwich with egg/bak kua /Bak Hoo at RM9.00 to have this formula.
The Groupier opposite gonna stare at you wishing you come and patronize his table as he feels bored staring into the Ceilings. ///



Uncle Virgo49,

In the contrary, most of the time "any formulation" is done "in the closet" la ...

As you rightfully observed, some pink panthers ... oops ... "groupiers" might not be opposite but over the shoulder then the formula "pigjia lobang" ...

Heard about "closet sinkie"?

Only yesterday (sacrificed la &) "clobbled" it at a public open area high table (instead of in a closet)... for the benefits of MSN readers with a "mathematical" perspective to the issue at hand ...

It must be stated that this is done purely from an "academic" angle and definitely no intention to take side in other people's "verbal brawls" or "mud fights" as this heartland sinkie is neither paid $16,000 per month by taxpayers nor earning $xxx millions in salaries & bonuses etc at taxpayers expense, so it makes no sense to take side lor, tiok bor?

It is done purely to add a mathematical perspective to the issue on hand for the consumption of MSN readers and mb sinkies at large.

Life is not about white or black but almost 100% grey areas so let sinkies decide lah

Pure Economics assume human beans are rational but in the real world, often many beans are not. For example, a simple blood test may cost abt $8 at a public clinic but some beans willingly pay a few hundreds at atas pte clinics which is almost 100 times more so modern economics founder Adam Smith's postulation that human beans are rational may be fundamentally flawed thus contributing to the current situation and a likely bigger crisis than the 2008 GFC in time to come ...?

Despite modern technologies, information is (far) less than perfect and thus the party less informed often is at the short end?

So within given limits in this instance, a pure academic exercise is carried out for the general consumption and as an alternative perspective.

Going forward, the working space will be more likely "in a closet" than out in the open at Monte Carlo tall tables or otherwise ...

Cheers

Anonymous said...

agongkia March 10, 2018 8:38 pm
///真笑死人,計算工資也須用這種脫褲子放屁的計算法。
只要僱主僱員高興,何必費神費功夫。///


Uncle Virgo49,

See!

The above comment by agk is a classic example on the (ir)rationality of human beans assumed by modern economics tsar Adam Smith, tiok bor?

The Great Depression in the late 1920s, early 1930s were resolved through Keynesian economics and worked till the late 1960s, was it not?

Then in the 1970s the Phillips Curve relationship of Inflation vs Unemployment broke down and the global economy was thrown into turmoil twice during that period, and many countries suffered, no?

Then came Reaganomics and the supply economics which tamed stagflation but at a huge costs of raising interest rates to double digits ...?

But at least Reaganomics using the economic principles and building blocks behind the above AS (aggregate supply) formulation pulled the US economy out of its most serious economic troubles since WW2 and on the path of recovery culminating in the economic prosperity under the Clinton Administration in the 1990s and engendered many Asian economies including China to leverage and prosper from positive global economic growth, was it not?

But this agongkia said this economic building block is "脫褲子放屁" ...???

There u have it ...?

How to solve such irrational human beans responses in the real world?

In this world including sinkieland, there are countless agongkia beans?

How to make such (agongkia) beans understand that "W = PeF(u,z)" is a fundamental macroeconomic concept and not what agongkia shoot off his mouth that it is "脫褲子放屁"?

Since agongkia thinks that such fundamental concept is "脫褲子放屁", mb ah heng should step aside and let agongkia take over?

Mb sinkieland economy then can boom, more taxes will be generated from the higher GDP growth and then no need any further GST hike?

What do you think?

Should we not all recommend agongkia to be the FM so that he can manage the economy using methods that are not "脫褲子放屁"??

AnyboLEE disagree?

Pls KEE CHIU

Anonymous said...

@ Virgo49 March 10, 2018 7:20 pm
//Hello Bro, your equation too cheem.//


@ agongkia March 10, 2018 8:38 pm
//真笑死人,計算工資也須用這種脫褲子放屁的計算法。//


Uncle Virgo49,

You said "too cheem" but agongkia said "Chio See Lang,脫褲子放屁", so how?

Mb agongkia is still not aware of the potency of the macroeconomic policy implications of this AS equation?

In the late 1980s, tax cut supply side policy was referred to as "Voodoo Economics" and it is (more or less) exactly the same (tax cut) policy DT pushed through in the US in recent months.

Why "Voodoo"?

Bcos down the road, there could be terrible consequences & the AS equation can be used to analyse why the benefits may be more than offset by the down side.

The principle called "dynamic scoring" is often used to justify tax cut policy but often the benefits are (way) over-estimated?

Over the next few years, the "side-effects" of this "Voodoo Economics" (tax cut policy) may be surfacing in a big way?

By then, agongkia may have to "脫褲子" (not to "放屁") but to make a living?

Anonymous said...

Whatever mathematical formulation that u have on economics or other scientific equations, there is always a factor of unknown variables or change. Just like Murphy Law, there is no formula on this law. Scientific discovery on some mathematical equations over time changes due to new discovery. One thing that will never change r human values of morality, if these values r disrupted, it becomes chaos in this world, or LaoZi already said about the balance of Yin & Yang, Confusius about filial piety, Buddha about compassion, these values has no mathematics equations but r human necessities.

Anonymous said...

@ Virgo49 March 10, 2018 7:20 pm
//Hello Bro, your equation too cheem.//


Gd morning Uncle Virgo49,

1) The "Hardtruth" is that after GKS stepped down end of 1984, the education system has been going downhill since then starting from when CFK (chicken) took over the education portfolio ... yes or no?


2) If the abovementioned basic macroeconomics equation (in the post) is too "cheem" for sinkies, the implication would be that sinkieland education system is in "deep trouble" ...?


3) If any reader's child or grandchild got straight As in recent A Level results and some even H3 distinction in Econs & Math but is not able to relate to abovementioned basic macroeconomics equation, do you not think there is a problem in the education system?

4) After about 15 years of TakBonomics including "TLLM - Teach Less Learn More" and IF sinkies students find the abovementioned basic macroeconomics equation "cheem", then what do you think all the younger generation have been learning all these while? Will you not be worried? The architect of TakBonomics may have screwed up the education system badly including his hot air "TLLM" war cries and empty hollow slogans but many sinkies think he is (the best next) PM material? What is going on?

5) After about 53 years of nation building and modernisation, is it not a given that we should be going forward instead of backward? Should not our students be better trained than their forebears? If the economics knowledge of our younger generation are going backward instead of forward, could there be something (seriously) wrong and all the distinctions achieved in their milestone examinations may be hollow and "self-delusory"?

Anonymous said...

6) Have you not realised the (unspoken) exasperations (deep in the hearts) in the younger generations? Many are all well-behaved, well-disciplined sinkies but they are mostly "innocent" if they do not live up to the expectation? How are they to know what they are been fed (in the education system) are not "screwed up" contents? Many are just following the system and through no faults of theirs, many may have doubts in their "real abilities" despite the positions many have been put in charge?

7) The western transfer of knowledge may have been quite superficial and worst if totally fronted by AngMos or half-past 6 3rd world university byproducts? Some of the western way of teaching/ knowledge transfer appears "very impressive" but in practice of not much value bcos the "real cutting edge kungfu" are selfishly kept and not taught to the students? Worst, the younger generations are made to run "rounds and rounds" (without actually meaningfully getting anywhere)? What students are concerned about is to ace or pass the exam and that's it? An end in itself?

8) As far as students should be aware of, essentially in real life it is a harsh world and there is no perfect system but then our (poor) students are been fed certain beliefs since young so they take it that way? There are some mismatch which is hard to tell but what can the younger generations do except follow the system? If the system fed them A, then they become A? If B they are B? How many can be Z given they are fed A? In short, it can be a taken the younger generation can only assume (the path is correct) and just follow the system? If those guiding the students are using not so correct "roadmaps", where would the students end up?

9) Our younger generations are quite a lovely lot but somehow deep down, there is a disturbing sense that they are innocent and if what they are being fed are "screwed up" or the "cutting edge" portion of knowledge transfer are being held back by western educators and not imparted to our younger generations, the younger generations probably will not be in control of their own "destiny"? What if such situations are not only prevalent in the teachings of economics but across many disciplines? The younger generations are NOT skeptical enough and able to ask sufficient questions (in their minds) what they are receiving are the "real stuff" or not? Are there crucial knowledge (needed to solve real problems) hidden from them?

10) As a heartland sinkie, what more can be done except to voice certain concerns (and more often implicitly than explicitly)?

Conclusion:

If there is a system that the leaders lead and the younger generations (just simply) follow, that would be wonderful? But just in any economics theory, what then wpuld be the assumptions made in such a scenario? Do the younger generations know what are the assumptions? Worst, what if the assumptions don't hold?

Cheers Uncle Virgo49

Enjoy your morning coffee and the walking of your dog after your breakfast

Dun forget to chio u know who when u going Monte Carlo next time ... (subjected to timing lah ...best during year end ...)

Anonymous said...

@ Anonymous March 11, 2018 7:56 am
///Whatever mathematical formulation that u have on economics or other scientific equations, there is always a factor of unknown variables or change. Just like Murphy Law, there is no formula on this law. Scientific discovery on some mathematical equations over time changes due to new discovery. One thing that will never change r human values of morality, if these values r disrupted, it becomes chaos in this world, or LaoZi already said about the balance of Yin & Yang, Confusius about filial piety, Buddha about compassion, these values has no mathematics equations but r human necessities.///



Well SAID, anon 7.56am

Given the background of all these, the ancient Chinese culture and wisdom are quite profound. As they realised the issue of moral values is the foundation of human existence, they know the qualities what their leaders ought to possess?

So they have a special name for their leaders, correct?

Namely "Tian Zi", tiok bor?

Aka "Son of Heaven"?

A leader ought to have moral values equivalent to HEAVEN?

What if a leader is not?

What if a leader instead of "Tian Zi aka Son of Heaven" has values equivalent to Satan or Devils?

Why did the ancient Chinese not call their leaders "Son of Hell" or "Son of Devil" etc?

Precisely?

If the "Son of Devil" rules Earth, what would result?

Chaos and disasters, right?

So for the ancient Chinese to call their leaders "Son of Heaven" still make (profound) sense bcos having the right moral values are paramount to be a leader.

What if the leader (Tian Zi aka Son of Heaven) turned out to be "Son of the Devil" (in disguise)?

Anonymous said...

//What if the leader (Tian Zi aka Son of Heaven) turned out to be "Son of the Devil" (in disguise)?//

In Sinkieland, u have a Leeder that is labelled a Dishonourable Son by the FamiLee & he was cleared in Parliament as innocent party, is he consider a TianZi (天子) a NiZi (逆子)? Becos this Leeder said I m cleared of my guilty in Parliament therefore I m still a honourable one & he treat his dad's last will to be invalid or being 'doctored' by his sister-in-law or younger bro, this case wasn't challenge in court as he claimed it be detrimental to his father legacy & reputation.

VIrgo49 said...


Hello Genting Bro, have to refer to daughter this equation in what's Add Maths and further Maths that they studied. Not Econ class but Science. DONT know she knows or not.

Just like the Whats you said they are the Innocent Lots who are already been tamed and brainwashed by the PAPies that most had no minds of their own even to resist for their rights.

When I told them that the MOH had intervened unfairly on the Insurer's interests of imposing copayments on the Riders that we had purchased from the Insurers own terms and after pocketing our premiums for donkey keys now want to regende and insisted on co payments.She said aiyo, they can DO Whatever things they want.

See how apathetic they are !! No Joshua in Sinkieland besides Hong Kong.

Going up end March as have to double quick time before my lease of life ran out. After prostate clear no problem after kena poke poke by Doctors they suspected now my Gall Bladder with walls thickening and can be cancerous.

Consultant encouraged removal to have problem once and for all.Said only one year to live if it is cancerous. So have to double quick time two trips this month for my Rouette.

Have have two extra free rooms. Can stand at MC and clobbered our thoughts

Anonymous said...

Anon 9.09am

Be careful with your words.

Be mindful of the cautionary reminders Ah Hiar used to give his juniors (in what and how they say ...)

Remember Dennis Tan recounted in a 2015 interview with the mothership about ah Hiar one catch phrase "orh Cheir" (blue black or literally black green)?

Even toeing such (strict self) discipline, ah hiar in the end not only kena "orh cheir" (blue black bruise), he kena (more than) "orh mak kat" (blue black eyes)?

Moral of story:

'Nvr nvr get into the ring to take on the "Mike Tyson" of peesai cos sure more than "orh mak kat"'?

Even then, there is no guarantee this "Mike Tyson" won't challenge you to fight (in the ring)?

So final moral of story:

RR?

Anonymous said...

Virgo49 9.16am
//Said only one year to live if it is cancerous. //


Uncle Virgo49,

Sad to hear that but mee may not be any better actually ...

Lo(ooooooo)ng story ...

Doctor also said may be rare cancer ...

If positive less than one year left, mb 9 months so Dec 2018 could be final window period to MC ...

Meanwhile need "clobble the thoughts in closets" to finish a 20-vol 2,000 pages "Hardtruths" (hopefully the younger generations can find some "answers/ solutions" to the problems they may face in the {uncharted} journeys ahead) ...

Waking up to each new day is a blessing, a gift, a bonus ...

But as the Chinese said, "All feasts under the sky must end eventually".

This is the law of nature.

Nothing to worry about.

Anonymous said...

@anon 9.09am & anon 9.26am

There is no need to fight a Mike Tyson unless u r a Ip Man or Donnie Yen.
Same here, there is no need to worry on the fate or outcome of the leader as Chinese says '盖棺论定' or a man's merit or dis- merit will ultimately be judged after his death, just let the history or historians to do the work in future to account for the pros & cons under the leadership rule, nobody can escape Time & judgment day by the Almighty Gods or 阎罗王 (King Hell), so let it be...

Anonymous said...

Anonymous March 11, 2018 9:52 am
//There is no need to fight a Mike Tyson unless u r a Ip Man or Donnie Yen.//


That was just a movie show la

Even then, the duel was limited to 3 mins?

If beyond 3 mins, Ip Man may have become Man Ip (unrecognisable)?

Under current circumstances, no one can win (against the peesai Mike Tyson) no matter what, so might as well just raise the white flag ...?

Or RR like lsw & ay?

Or just kpkb in between GEs and when time to vote, just capitulate, go into the booth and put a cross beside the MIW?

Got other choice?

Anonymous said...

In the end, the conclusion still the same?

The minionsters get the millions?

The dafts get the crumbs, NS & endless slavery to their hdb payment etc?

To add salt (& chilli padi, vinegar) to the "bleeding wound", the 3rd world immigrants continue to enjoy all the high paying jobs and move around ferried in pte hires driven by over educated sinkies?

As shown in the macroeconomic AS equation, with such Labour mkt conditions, the natural rate of unemployment is extremely low as there are hardly or no unemployment benefits to cushion zero income between jobs and pmets sinkies more than happy to grab those pte hires job?

See how powerful tbis macroeconomic equation "W = PeF(u,z)" is ...

The entire labour market conditions in peesai can be FULLY accounted and explained by the "values" represented by the various variables existent in peesai ...?

No?

Anonymous said...

One possible application in peesai labour market for the macroeconomic equation "W = PeF(u,z)" is to have guidelines on the reasons how workers become unemployed and take necessary actions/ schemes to ensure MAXIMUM & OPTIMAL HUMAN CAPITAL reallocation under market conditions...?

There are many reasons for unemployment and the labour market conditions in peesai may actually cause significant INEFFICIENCY in the allocation of precious human resource in the economy.

1. Layoffs

Etc

Etc ...

Anonymous said...

Does anyboLEE know where to obtain the natural rate of unemployment (Un) in peesai?

No right?

Why?

Ask yourself?

Why such figures not (easily) available in public domain or published when it is easily available in many developed countries?

Is there any secret for a country's natural rate of unemployment (Un)?

If not, why not easily available or published?

Have any (daft 70%) sinkies asked such qns?

Asked yourself why the Un (natural rate of unemployment) figures is not (easily) available or published?

agongkia said...

Laochek Virgo
Try boil soursop leaves.It's cheap in Malaysia.I am confident you will be around to see the next few election .
Explore further north to Penang .How I wish to meet you up.

agongkia said...

Sorry to have overlook .Thanks for the compliment.
I am a bortartcheh, but was entrusted with post equivalent to FM, though in smaller volunteer organisation and oso in charge of payroll.
Important is not whether one must be good in mathematics, W=PeF (u, z)or whatever crap.
No greed and 心要正 .

Anonymous said...

@anon 3.20pm
//Under current circumstances, no one can win (against the peesai Mike Tyson) no matter what, so might as well just raise the white flag ...?//

How long can peesai or Mike Tyson last ? ..u mean they live for ever?

//..Got other choice?//
yes, a Divine Intervention to strike that white men/women party when they continue to suck dry the commoners for their own sake.

Anonymous said...

@anon 5.09pm

Uncle Leong asked them before but no reply.
Guess that no need to obtain the true unemployment figures of Sinkies, PR & foreigners because it will be too shocking, obscene & embarrassing for the whole world to see, so it's better not to see & delude the Sinkies, can be very sad to know the hard truths.

b said...

There are anzcuk to explore, why limit potential to smallland? Let payandpay load more and more people, its a 同歸於盡 exercise. Get out before too late.