HOW good’s a Budget Surplus?

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

Related Stories

Australia plagued by ‘voluntary unemployment’, leading economist warns

Ross Garnaut leans on a dead tree.

A 77-year-old Polish essay can tell us something about our current state of employment

A black and white photo of two women drilling into fridge doors in the Emmco factory in 1956.

The path to economic recovery in the aftermath of coronavirus will shape economies for generations