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We're experiencing the biggest dive in living standards in half a century — and a recession is looming (www.abc.net.au)
submitted 8 months ago by Longmactoppedup@aussie.zone to c/australia@aussie.zone
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[-] Longmactoppedup@aussie.zone 11 points 8 months ago

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.

[-] assassinatedbyCIA@lemmy.world 10 points 8 months ago

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.

this post was submitted on 05 Mar 2024
158 points (98.8% liked)

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