The statement that virtually noone is getting $16/hour is patently wrong since approximately 40% or more of the workforce are paid that or less.
The current house prices and debt levels in Australia show that many Australians are living in la la land and paying for things on the never never.
The little landlords are in for a major lesson in market realities.
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- housing to devalue 40 to 60 percent
housing to devalue 40 to 60 percent, page-144
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