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pjb63

231 Posts.

21

26/07/22

16:56

Post #: 62736246
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Originally posted by Scott th Ratbag: ↑

I begin to doubt your awareness of RBA and other assessments of the Aus economy.

productivity hasn't been laggin

https://www.rba.gov.au/publications/bulletin/2012/jun/3.html

and to reinforce the case, the AICD shows

https://www.aicd.com.au/economic-news/australian/growth/the-real-wages-vs-productivity-gap.html

And finally revenue for the federal Govt has been rising on the strength of export prices while taxation revenue has been falling due to Govt ideologically reducing taxation on the wealthy causing a structural deficit. ........ have a read of https://www.mygc.com.au/budget-explainer-what-is-a-structural-deficit-and-why-does-australia-have-one/

its honestly not about welfare payments as this number keeps rising. its lost revenue from taxation which the Morrison budgets established that is the problem.

Expand

So nothing to say about per capita GDP growth? The second graph here shows how it has declined and there have been several instances where it has gone negative (per capita recession):

https://www.abc.net.au/news/2021-02-08/ian-verrender-do-your-bit-for-australia-ask-for-a-payrise/13130796?fbclid=IwAR1I76N_S3iZd_mArqc1fNpXEpPRXS0bgwrA28LSk5s0Y53yVLYqL6o3R5A
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