On Thursday the Department of Social Services released the weekly figures for jobseeker allowance recipients. In the past four weeks 426,000 people have become recipients of jobseeker. The 1.22 million on the allowance is a two-thirds increase on the 730,000 people who in February were receiving the now replaced Newstart.
Let's have a look at future industrial model which utilise technology to help reducing the repeatitive task and data to help making decisions, the skills requirements will change. WorkforceReform IndustrialReform TaxReform Economy is not only based on financials but value.
In terms of household debt, Australia has had the wake up call that was needed (but not this way). Higher savings, debt repayment, debt defaults, low immigration, low housing starts, high unemployment, the list goes on. We enter a new period, living within our means
It’s a world wide problem. The last 20 years, the world grew with China. The next might be India, Africa, if the people survived this coronavirus crisis. Australia survived the horrendous bushfires, holding up to coronavirus. Might survive recession if all work together.