Q. HOW good’s a budget surplus?
IT’s a situation in which the federal government is sucking more money out of the community, via taxation, than it is spending into the community (infrastructure)
AND … it slows the economy down — by taking spending power away from households and businesses
Q. What contributed to Wage Stagnation between 2013 and 2019? (The Dog Days)
Australia’s immigration policy! Our population swelled by 35% from 19M to 25.6M in 20 years!
Prof Garnaut recommended a return to Permanent Migration and a focus on education and skills with a net migration of around 0.5% of the population per year
What it would seem was overlooked … that these Visa workers are paid ‘non-Award Wages’ …
AND … note in the Dog Days top executive and business incomes were rising rapidly …
‘If you’ve been feeling poorer over the last decade, this graph explains why‘