Canberra’s economic growth scoreboard is strong, but it’s all public sector accounting, and only the elite benefit. Australian multinationals have been flogging our nation’s natural resources of coal, iron ore and gas to foreign countries, denying Aussie households and businesses affordable price access to our own energy. Canberran ponzi economics flies in 250,000 ethnics a year to artificially boost the housing construction sector in Australian capital cities so political donor mates can profit from building high-rise shoeboxes to house migrant demand.
Take Canberra’s fudged statistics away and Australia is precariously bubbling along on an indebted precipice.
Ordinary Australian wealth has steadily corroded to Second World status – systemic falls in real wages, less disposable income, rising costs of living, a rising underclass, lower standard of living. The Aussie dream of home ownership has been intentionally thieved by Canberra to fuel LibLab multinational favouritism – Free Trade only benefits millionaire exporters and foreign importers to the demise of local business. Ordinary Aussies have become a nation of renters.
With Australian workplace casualisation approaching 50%, our economic scorecard downgrades Australia to Second World status. A full 40% of Aussies are employed based on the gig economy trend, independent contractors, employment through labour hire organisations and contracts that are part-time, short-term or casual.
In February 2018, Chief Executive Officer of Roy Morgan research, Michele Levine, reported Australian jobs growth in calendar year 2017 was driven entirely by growth in part-time employment which may partly explain why Australians don’t believe the monthly ABS unemployment estimates are accurate:
Levine:
“Today’s Roy Morgan employment estimates show overall employment growth of 116,000 jobs since January 2017 however this growth was entirely driven by the increase in part-time employment up 156,000 to 4,191,000 while full-time employment was down 40,000 to 8,045,000.
“The increasing casualisation of the workforce has been a consistent trend in recent years and in January 34.3% of employed Australians were working part-time, up 1% from a year ago while 65.7% of employed Australians were working full-time. However, although rising employment is definitely a good thing, one of the consequences of a greater proportion of part-time employees is a rising level of under-employment.
“In January a high 1.37 million Australians (10.2% of the workforce) were under-employed, up a sizeable 264,000 from a year ago, and along with 1.22 million (9.1%) unemployed Australians this meant 2.59 million Australians (19.3%) were either looking for work or looking for more work – 28 straight months more than 2 million Australians were either unemployed or under-employed.
“The enduring level of under-employment in Australia may partly explain why Australians just don’t believe the official ABS unemployment estimates. A recent Roy Morgan survey published in The Australian – ‘Voters sceptical of official unemployment figures, Roy Morgan research finds by Adam Creighton’ shows nearly 60% of Australians surveyed, and 70% aged 18-24, think the unemployment rate is closer to 10, 15 or 20 per cent far above the official level of 5.5 per cent and more in line with Roy Morgan’s unemployment (9.1%) and under-employment (10.2%) estimates.
“However, despite the persistence of worryingly high labour force slack the early weeks of 2018 have provided some positivity about the Australian economy with Consumer Confidence of 121.4 in January the highest for seven years.
“Other positive indicators include an increasing Roy Morgan Business Confidence, at 117.4 entering the new year at its highest since 2013 while some 2.38 million Australians intend to purchase a car in the next four years, up a solid 142,000 from a year ago.”
This Roy Morgan survey on Australia’s unemployment and ‘under-employed’* is based on weekly face-to-face interviews of 566,877 Australians aged 14 and over between January 2007 – January 2018 and includes 3,951 face-to-face interviews in January 2018.”
*The ‘under-employed’ are those people who are in part-time work or consultants who are looking for more work. (Unfortunately the ABS does not release this figure in their monthly unemployment survey results).”
Airtasker website: “Slave with MBA wanted to do all office work, sleep under desk perk. Rate $5/hour. Must have ABN.”
Scott Morrison is the most single dimensional treasurer in Australian history, blissfully a sheltered lieutenant of Turncoat’s cartel.
Public servants like most of Canberra, observe Australian work reality from rose coloured glasses over taxpayer-funded luncheons. Just ask Canberra’s gender quota chair warmer at the ABC, Emma Alberici, its chief leftard in Italianate economics. The sheltered workshop that is Canberra as compared with the rest of Australia, is a “binary dystopia” as observed by The Financial Review’s columnist Joe Aston.
Meanwhile, another Hanson-wakeup Senator Fraser Anning tweeted:
“It’s no coincidence 56% of Australia’s working-age Muslims are not in the labour force.”
Welfare seekers! Deport the lot.