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Australia's soloution to low productivity is to increase...

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Newton999

1,655 Posts.

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13/05/24

21:05

Post #: 73805052
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Originally posted by kacy: ↑

Checkout this chart from the RBA website. Its about Australia's productivity and labor costs and means more inflation is coming.

The blue line shows how labor costs (or wages) in Australia are going up and the orange line shows how productivity is going down.

This means we need more rate hikes and a recession badly to flush out all the bludgers in the workforce, or else we can expect inflation go up like it did in the 70's..

https://www.rba.gov.au/publications/smp/2024/feb/economic-conditions.html

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Australia's soloution to low productivity is to increase immigration.

We do not innovate or invest in new technologies.

The banks are only interested in lending for mortgages.

The Uniparty have failed Oz.

XJO Value at posting: 7,750.0
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