From Khalil Menaf Hegarty, observe that an Australian greenback is value about 65 cents. I additionally received’t double indent:
“There are a collection of economy-wide, labour-related issues in Australia that policymakers seem incapable of tackling in a coherent approach.
First up, it is a superb abstract of some key nationwide indicators round Australia’s per capita recession.
The story right here is an efficient entry level to what’s occurring on the bottom, however I’ll attempt to summarise.
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- Left-leaning state governments have launched into main infrastructure initiatives (and require important public debt);
- These initiatives require minimal pay necessities which might be successfully endorsed by development unions;
- Prices and wages are inclined to blow out for these causes (and I don’t wish to get into the general public debt dialog right here);
- As famous within the story, the wage calls for are fairly important. (AUD240k = approx. USD160k)
On the similar time:
Maybe it is a related state of affairs to Canada (as per your April column), however maybe the issue is extra acute as a result of we don’t have entry to the US labour market in the identical approach.
So, my questions are: What’s unsuitable with Australia’s economic system? Is that this precedented? What would you do about it?”
TC once more: Maybe we want new and higher fashions for this type of state of affairs…
