What a complete waste of time the last nine years have been – » The Australian Independent Media Network

Real Facts

Unlike the rest of the world, Australia had come through the GFC without suffering a recession. At the end of August, net debt was a bit over $161 billion and monthly hours worked per employed person averaged 141.42. After three terms of a Coalition government, we have endured our first recession in thirty years, net debt is $606 billion, and monthly hours worked per employed person have plummeted to 125.16. Wages are stagnant- adjusted for inflation, Australian wages actually declined in 2021 by 0.3% – the worst outcome in 7.5 years. Penalty rates have been abolished for many low paid workers, and casual and contract work is increasingly the norm. In 2013, the rollout of the nation-building fibre to the premises national broadband network was underway. Then along came Tony Abbott who thought the interwebby thingy was an expensive white elephant only used for playing games and watching videos – and trashed it. On Thursday, the Minister for the Digital Economy, the hapless Jane Hume, announced in an address to CEDA, “The Morrison Government has set a goal and is unrolling a plan for Australia to be a top 10 digital economy and society by 2030.” Good luck with that – we currently

Source: What a complete waste of time the last nine years have been – » The Australian Independent Media Network