I think there real problem is the skills base of the workforce doesn't match what's required.there are skill shortages as per the article
But I do like the graph but do not like the telling, and these are only the legal migrants
Good lord, that Scanlon is as smart as dog poo.And look how we are sorting housing :
From our ALP geniuses in Qld
Everything to ensure no sane person becomes a landlordQld renters’ identities kept to themselves under proposed law changes
Long-awaited Queensland reforms will crack down on information requests from owners and agents.www.brisbanetimes.com.au
migrants such as yourself.But I do like the graph but do not like the telling, and these are only the legal migrants
At first it looks like a big jump in numbers, but if you used some of that rise to back fill the losses during Covid we are actually a bit down compared to the pre Covid trend.
From an economic perspective though the trouble is infrastructure is down even further.At first it looks like a big jump in numbers, but if you used some of that rise to back fill the losses during Covid we are actually a bit down compared to the pre Covid trend.
Milton Friedman famously said: “Inflation is always and everywhere a monetary phenomenon, in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output.”
And that increase in money supply ends up almost exclusively in the pockets of the Elites.
Mick
View attachment 173296
Sydney and Brisbane are being expanded pretty quickly, just probally not quickly enough For this surge, but things tend to catch up eventually, and then normally over shoot into a glut.From an economic perspective though the trouble is infrastructure is down even further.
We haven't even built one new city from scratch in that time. Or even just expanded the existing ones that can reasonably be expanded by an adequate amount.
Taking "infrastructure" in the broadest possible sense there. Eg houses are infrastructure in the context I'm using the term.
A lot of people scoffed at me when I said the low interest rates would be how they would control the majority of the populace, many people I know bought houses thinking the interest rate would take years to climb, guess what most of them are doing now? Communism and capitalism are how govts control the people, it's just 2 different ways of doing it.that chart is a real eye-opener, Its like you can almost see the gap widening and Friedman’s words just add another layer to the discussion about who's really getting ahead in the economy.it all makes one wonder about the whole system when the top sliver skyrockets and everyone else is barely nudging up
inflation can be caused by things thingsMilton Friedman famously said: “Inflation is always and everywhere a monetary phenomenon, in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output.”
And that increase in money supply ends up almost exclusively in the pockets of the Elites.
Mick
View attachment 173296
Central banks across the world printed excess money during covid.inflation can be caused by things things
1. Quantity of money increasing
2. The velocity of money increasing
3. The Quantity of Products available decreasing.
all three have happened
yep, that pretty much some it up, except the energy prices increases have larger come from fossil fuels, not renewables.Central banks across the world printed excess money during covid.
Covid knocked out many businesses = less price competition for products and fewer building materials.
The Eastern European War = more pressure on energy fuels, transport and some exports.
Effects on energy prices due to going to green energy.
Labour costs increase while trying to keep up with the cost of living.
Its almost like opening an Apple Box and finding a rotting pair of headphones insideBrent crude recracks 90/barrel.
Oil's been a real quiet achiever over the last few months
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