Australian Storm 1876

  Chapter 734 Income level

Viscount Zhang Li is the second batch of secretaries trained by Li Fushou himself.

  In 1879, Zhang Li was appointed the mayor of Beilun and began to build a new town on the Kangsby Plateau which was a wasteland at that time.

  Viscount Zhang Li has been in power for 12 years and built this important southern part of the royal territory. Now Beilun has become an industrial town with a population of more than 772,000 and a dazzling star city in Australia.

Viscount Zhang Li was later transferred to the head of the Royal Territory. He presided over the planning and construction of important cities including the Red River Valley-Brisbane Metropolitan Area, the Four Beast City, Songjiang, Beilun, and Pine Tree, leading the development of the metropolitan area and the Songjiang, Beilun Sydney urban agglomeration , The performance is quite eye-catching.

  After the nation was founded, he was awarded the title of viscount due to his outstanding achievements, enjoyed the fiefdom, and was hereditary.

  Late last year

  Personally appointed by King Li Fushou, Zhang Li served as the secretary-general of the Royal Secretariat. This position is basically the Prime Minister of the Inner Court, taking charge of all matters around His Majesty the King, with high status and authority.

  On the rooftop

  Li Fushou saw Zhang Li standing at the door not far away, so he beckoned him to come over and asked, "Ali, what's the matter?"

  "Your Majesty, a delegation composed of several important directors led by the President of Mobil Corporation, Mr. Abis, has arrived at Qingfeng Building. Would you like to summon it?"

   "Oh, people are coming, then see you there."

  Li Fushou stood up, walked briskly into the house, his own waitress changed clothes, put on a corset embroidered golden dragon robe, and a purple gold crown on her head, and then walked towards Qingfeng Tower.

  The meeting with foreign guests of Mobil Company was originally planned.

Suffering from the "Guangzhou Incident", Mobil was soberly aware of the important influence of Ocean Kingdom in the Far East, East Indies and South Asia. This is one of the most important markets for Mobil, second only to the European market. Stronger than the South American market.

  So, the Mobil board of directors began to explore ways to cooperate with the thigh hug.

  The main way is to issue new shares directionally and invite the wealthy royal family foundation to invest in Mobil to form a community of interests. This is the usual practice of monopoly companies.

  After a while

  Li Fushou came back with a relaxed face. He met with the representatives of Mobil Corporation as a king. It was nothing more than some relaxed words, expressing his welcome to Mobil Corporation's entry into the local market, including Australia, to jointly promote and prosper.

  Specifically whether it can come in depends on the subsequent business negotiations. If satisfactory conditions are not met, there will naturally be tariff barriers, rather than being unimpeded as in the Far East.

  Li Fushou’s psychological expectation is not less than 15% of Mobil’s equity, becoming the company’s second largest shareholder and having corresponding voting rights on the board of directors.

  According to the current size of Mobil, it has to pay almost 22 million gold, which is about 55 million U.S. dollars, and it can enjoy a profit of about 2.6 to 3 million U.S. dollars in dividends every year.

  Less than this number, it's meaningless.

  Li Fushou, the king is extremely wealthy, and the House of Internal Affairs can take out this money at any time without any effort at all.

In the first half of this year, the Ministry of Internal Affairs contributed 20 million gold yuan to increase the capital of Shangri-La Bank in the name of the Royal Family Fund, and continued to increase its shareholding, increasing its shareholding ratio from 67.3% to 78% (in the 13 years since its establishment, the bank has After many rounds of capital increase and share expansion, equity changes have been large), further consolidating the holding position.

The Australian General Machinery Company, a subsidiary of the Royal Family Fund, is seeking to merge with Citigroup General Electric Company, which is not developing smoothly, to make up for its shortcomings in the field of electrical technology. Some members of the company's board of directors strongly objected, including the chairman of the board of directors Mr. Edison, the probability of success is not more than 50%.

  All the above actions are to find a way out for the huge amount of funds accumulated by the Ministry of Internal Affairs and form a good rolling development trend of "money makes money".

  Pile all the money in the vault, that is dead money.

  Meeting with the representative of Perfect Fu Company, Zhang Li also came back with an extra report in his hand. Li Fushou looked at it and didn’t care, and waved, “Ali, sit down and talk about it.”

   "Thank you for your seat."

  Zhang Li replied respectfully, and then sat half-butt on the brocade stool, the way of the ruler and the minister was very clear.

  Huanhai has been ups and downs for many years, he knows that it is not your majesty who yelled the cordial "Ali", and he could call it "Brother Fushou".

  He would never make such a low-level mistake, otherwise he would not be able to board this important position.

   "Your Majesty, the memorial in the hands of the We Minister is presented by Viscount Hou Guangde, the Minister of Economic Affairs. The main reason is the reduction in immigration this year and the impact on Australia's mainland and overseas provinces."

   "Oh, just talk about it briefly."

  Zhang Li replied respectfully; "This is your Majesty. The Kingdom Statistical System has always been ahead of the rest of the world. The figures for 1896 have been roughly released, and there is very little difference between them and the final review figures.

  In the whole year of 1896, the total number of immigrants was about 560,000, a sharp drop of 67.4% compared to the previous year, almost the level of 11 years ago.

  Because after the Civil War, Australia experienced a large-scale wave of relatives immigration. The total population reached 20.86 million at the end of 1896, and there was a direct consequence of short-term indigestion.

  As a result, the total number of immigrants this year has plummeted, which just provided a respite for society, and did not cause direct adverse effects.

  The economy continued to grow at a high rate of 14.7% throughout the year. The production and sales of industry, commerce and animal husbandry were booming, and the living standards of residents improved rapidly.

  It is especially worth noting that due to the rapid decrease of immigrants, there has been a trend of large-scale wage increases in Australia. According to statistics, the average annual salary of employees has risen from 232 silver dollars at the end of the previous year to 294 silver dollars this year.

  Overseas states also have different rates of growth, especially Mozambique states have the fastest growth rate, generally increasing by 39.3%.

  Considering the low income base of the states of Mozambique, coupled with the strict implementation of the black slave labor policy by the African chief executives, the corresponding employment gap has been caused. This year should be a return of retaliatory value.

  The Ministry of Economic Affairs looks forward to the next two years;

  If there is no immigration scale of more than one million people and continue to depress wages, then the rapid upward trend of wages in Australia and overseas states will not be reversed in a short time.

  From the perspective of capitalists;

  This raises the labor cost of workshop enterprises, reduces profits, and depresses the competitiveness of enterprises, which is a disadvantageous factor.

  From the perspective of the government;

  Society’s remuneration has increased significantly, which has been a common trend in European and American countries since the second industrial revolution, and the Ocean Kingdom cannot avoid it.

  The increase in residents’ income is conducive to greatly activating social demand, expanding the domestic demand market, expanding the tax base, increasing income and expenditure, which is a favorable aspect.

  Therefore, the government is planning to substantially increase the salaries of public officials by 33%, which is slightly higher than the average level of the society, so as to stabilize the enthusiasm of the staff of the grassroots government departments and maintain the level of simultaneous growth. "

   Hearing Zhang Li’s report, Li Fushou raised his brows and asked in surprise; “The large-scale introduction of immigrants will artificially lower the salary level of residents. Is there any factual basis for such a conclusion?”

"Your Majesty, after rigorous statistics, the Ministry of Economic Affairs has estimated the salary increase for next year. If we continue to introduce more than 1.5 million immigrants, the average salary increase will be controlled within 5%~8%. If one million immigrants are introduced Scale, the average salary increase will reach 13%~15%. If the scale of 500,000 immigrants is introduced, the average salary increase will reach more than 20%, which is likely to reach a high point of 22%~23%."

   "Oh, what do I say, why the kingdom's salary level is so low." Li Fushou suddenly realized.

  The supply-demand relationship between labor and the market is dynamic. If the labor supply is large, the market price will be low, and vice versa, it will rise sharply.

  This is the same as eating, one bite less makes you hungry, one bite more makes you support.

The relationship here is not proportionally increasing or decreasing. For example, if the market lacks 5% of labor, the salary level may rise by 15% or even 20%. If the market lacks 10% of labor, a situation of competition for everyone will be formed. The level may rise by more than 30%, high without capping.

  The industrial development level of the Ocean Kingdom has basically caught up with France, which is about one-third worse than the United States and Germany.

  But the salary level in Ocean Kingdom is only a little less than half of France, one-third of Germany, and one-fourth of Citigroup.

The reason

  Ocean Kingdom, as an emerging country of immigrants, each year natural growth and a large number of immigrants provide ample labor force. At the same time, it also depresses salary levels and distorts the relationship between supply and demand. The new increase in salary levels is a return of value.

  Some people may ask, Citi is also a country of immigrants, why is it not affected?

From    to 1896

  Citi has a population of 72.68 million, which is twice as much as that of the Greater Ocean Kingdoms and an additional 2 million. The number of immigrants this year is 1.26 million, accounting for 1.73% of the total population. This proportion is easily digested in Citi, which has a complete range of industries.

  Looking at the Ocean Kingdom, in 1895, the number of immigrants reached 1.686 million, with a population of 30 million, accounting for 5.53% of the total population. The corresponding pressure on the domestic labor market is much greater, which is by no means as simple as it seems on the surface.

  It’s the same reason, just take one more bite.

  In 1895, the average salary in the United States was US$228, and the average salary in Ocean Kingdom was 230 Yinyang. According to the exchange ratio, the average salary in the United States was exactly 4 times that of Ocean Kingdom.

  This is not to say that Citi's industrial technology is far ahead of Ocean Kingdom. The two are actually the same, except that Citi has more complete industrial categories, a larger domestic market, and a larger population.

  The low wages of workers in the Ocean Kingdom are determined by the market, and the profits are divided up by a small number of factory owners and businessmen who got rich first, and a large number of wealthy groups have emerged.

  As the founder of the kingdom, the largest capitalist and feudal lord, Li Fushou and the royal family are undoubtedly the biggest gainers.

  Think about it

  Li Fushou said seriously; “It seems that our policy of large-scale introduction of immigrants needs to be reviewed. How to grasp a suitable degree so as not to suppress the salary level is a subject to be studied carefully.

  Let’s do this...the secretariat will take the lead in organizing a research group, inviting experts to participate, and come up with a practical policy.

  Australia’s development cannot be based on over-exploitation, and the people should be able to enjoy the achievements of economic development. This is the guiding principle of the research team, and there is no need to over-consider the interests of capitalists.

  No matter if you make more or less, capitalists will never lose. "

   "Your Majesty Shengming, Weichen will proceed immediately."

   "Well, go ahead."

  (End of this chapter)