Whatever today's economic data shows about how close Australia is to recession the truth is we are already experiencing the biggest dive in living standards in half a century — and have been for two years, writes Peter Martin.
We have been in a per capita recession for ages. The govt avoids a technical recession with mass immigration.
Think of “the economy” as “rich people’s yachts” next time you hear a politician or bobble headed reporter talking about something (like immigration) being good for the economy.
Immigration can be good for the economy. If it’s carefully controlled, planned and, used to increase the productive capacity of the nation. Right now it’s being used to bludgeon the bargaining power of labour and inflate the housing bubble.
We have been in a per capita recession for ages. The govt avoids a technical recession with mass immigration.
Think of “the economy” as “rich people’s yachts” next time you hear a politician or bobble headed reporter talking about something (like immigration) being good for the economy.
Immigration can be good for the economy. If it’s carefully controlled, planned and, used to increase the productive capacity of the nation. Right now it’s being used to bludgeon the bargaining power of labour and inflate the housing bubble.