In his speech, he said according to Treasury and the RBA, the unemployment rate "will need to have a four in front of it" before significant wage pressures build, so that's what he wants to do.
An unemployment rate of 4 per cent would still not be genuine full employment, but it would be a vast improvement on previous policy.Jobs key, 'the Budget will look after itself'if you concentrate on getting as many people as possible working, the budget will "repair" itself over timeAs the British economist John Maynard Keynes wrote in 1933: "Look after the unemployment, and the budget will look after itself.
Looking further ahead, our challenge once we recover from this crisis is to again rebuild our fiscal buffers. That is a radically different message from the one promulgated by former Liberal Prime Minister Tony Abbott.He used that line repeatedly to justify his scare campaign about "debt and deficits."Mr Frydenberg's new budget strategy is a repudiation of the Coalition's old argument. A complete reversal in logic.
In a sense, it's hinting at a return to some of the economics of Robert Menzies, one of the founders of the Liberal Party .
They are more surprised than anyone with the unemployment figures, maybe god has pulled one out of the bag for them/
Nothing to do with Josh. In the year ending March 2020, Australian residents traveling abroad spent approximately 64.94 billion AUD on their trips.That money is now being spent in Aus in last 14 months
Election sausage.
it was Keating's policy originally
4% unemploy good target but many people underemployed, in insecure work. 4% push no excuse for keeping wages so low for many. Cutting deficit dramatically constricts investment & growth. Where is investment in Aged & child care, infrastruc, innovation? Conservatives crushing us
'Jobs and growth! Oh, we can't do growth? Just jobs, then!'
The problem is it's just another speech by a liberal which means nothing will come of it
The problem these days isn't so much *un*employment as *under*employment.
They are smart enough to know that austerity doesn't win votes from the masses. How far away is the election?
No new “back in Black” mugs on order then?
The hypocrisy and cynicism is astounding
Labor lite
Including someone that works for 2 HOURS a week as employed in their stats. Isn't changing ANYTHING... The libs are a shjtshow and everyone knows it.....
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