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09:23
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Originally posted by DrStrangelove
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Back in 2020 the pro ALP ABC carried a story by Ian Verrenderm, in which he basically damned the govt. Iinteresting blames he up for things going pear shaped under the LNP regime:While we skite about our "miracle economy" and 28 years of uninterrupted growth, a large part of that has been down to simply adding more people to the population. The bigger your population, the bigger your economy. So, adding people equals growth. In recent years, immigration has accounted for 64 per cent of our population growth and, according to a Federal Government study, by 2050 will contribute $1.6 trillion to GDP. The longer our borders stay closed, the more difficult it is to maintain the growth forecasts into the future. While immigration boosts the overall size and value of the economy, it doesn't necessarily make everyone better off. In fact, it can make us worse off, as this graph from the Australian Bureau of Statistics shows. The surplus obsession, coupled with the immigration-led growth model, has led to a decline in our productivity. Our cities have become ever more populated but the infrastructure investment hasn't been made to allow us to maintain our output as we waste time stuck in traffic jams or waiting for a bus that isn't full. There may never have been a better time for the Government to think about ramping up investment to modernise the nation.
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Immigration and infrastructure are a balancing act.
