This argument is obviously controversial. And for good reason: lives and livelihoods are at stake.Economists say the only truly effective way to bring down the unemployment rate or underemployment rate, which some argue is actually up to just under 20 per cent, is to allow the economy to grow.
Think of someone with a cast around their broken leg. There's no hope of them running again until the cast is off and they've been through some rehabilitation. But here's a chart from the Grattan Institute which demonstrates how long unemployment can stay elevated when an economy can't break free from the grip of an economic downturn.We need to accept that while this will help keep the most vulnerable in the economy afloat, the price is that we make little to no progress at all in materially bringing the unemployment rate down or lifting wage growth.
More Federal government stimulus funding is needed.
No. The deep state is holding the economy hostage & ABCaustralia along with the rest of the sick & corrupt media are the real plague.
Chairman Dan Victoria’s state Labor government risks sending the entire country backwards. 7 June Active cases 457 16 June ‘’ ‘’ 382 5 July ‘’ ‘’ 1060, Thanks to Dan
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Where Victoria’s new cases of coronavirus are coming fromBREAKING: Victoria has recorded 74 new coronavirus cases overnight as community transmissions continue to increase. auspol I have noticed how silent things have gotten down this way in Geelong in the past week or so (except the shopping centers - given), seems people have taken it upon themselves to change their behavior accordingly, we may have no other option. There is a lack of ongoing information. With regards to “ongoing investigation” what happens with these...
Source: newscomauHQ - 🏆 9. / 77 Read more »
Why premiers decided to shut NSW-Victoria borderThe NSW-Victoria border will close at midnight tonight as Victoria&x27;s renewed coronavirus outbreak intensifies. Ya think? A tad late . . oh but GladysB constantly criticised others who closed borders... now trying to back peddle ? Auspol nswpol nsw
Source: 9NewsAUS - 🏆 10. / 72 Read more »
Rent waived for 3,000 Melbourne public housing tenants under hard lockdownVictoria records another 74 new coronavirus cases overnight as Premier Daniel Andrews announces the tenants of nine public housing towers placed under hard lockdown will not have to pay rent for two weeks. They probably never pay their rent anyway. Question for the ABC. I agree both premiers are responsible for each debacle, but during the Ruby Princess debacle, most of the story photos were oh the cruise ship and not of GladysB . Why are you only showing pictures of DanielAndrewsMP here? Is this not a form of media bias? Stands to reason not to charge rent. Prisoners aren’t expected to pay rent.
Source: abcnews - 🏆 5. / 83 Read more »
Victorian economy hardest hit by coronavirus fallout as immigration dries upVictoria was poised to take the biggest economic hit from the COVID-19 pandemic, even before a spike in cases forced renewed shutdowns in large parts of Melbourne and the state's isolation from the rest of Australia, according to the latest Deloitte forecasts. Perhaps we shouldn't have built our economy on an immigration ponzi scheme STOP RELYING ON IMMIGRATION there have been some good things come from this virus but stopping mass-immigration is probably the best thing.. The government was never going to end the status quo but now they have been forced to. The madness of growth & endless building has to stop. Yay!
Source: abcnews - 🏆 5. / 83 Read more »
Authorities warn 'foolish' bush doof near Byron Bay could put region on trajectory worse than VicHealth authorities say a dance party that exceeded NSW's gathering limit 50 times over could put the entire region on a coronavirus trajectory worse than Victoria's. Bush oof I guess the name Bush doof says it all... Are they all from the white European community of Australians such as blood Anglo ScoMo and blood Armenian Berijiklean?
Source: abcnews - 🏆 5. / 83 Read more »
Coronavirus updates LIVE: NSW-Victoria border to close as Victoria records 127 new COVID-19 cases; Australian death toll hits 105Victoria’s record increase of 127 new daily cases is a concern but also reflects high testing rates, says Chief Health Officer Brett Sutton. “Nobody wants to see it but we do have a very clear picture on a daily basis with the test numbers we are doing.' Lock us down pls Do we need a short lockdown? Including schools? Like extend the holidays by two weeks? Even for grade 4-10? Look at this BS
Source: theage - 🏆 8. / 77 Read more »