over9k
So I didn't tell my wife, but I...
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Alternatively, it's deliberate.As @moXJO and @MovingAverage both say it has been brought about by lazy politics, on both sides.
There is no point in having population growth, without having secondary and tertiary sector growth, importing a population into an economy where the only growth is in the service sector is a recipe for a third world living standard.
Without encouraging manufacturing and higher skilled job opportunities, importing more competition for fewer and fewer jobs, just festers resentment.
Both parties have been asleep at the wheel regarding this since the early 1980's, it is o.k to reduce tariffs to improve productivity, but when you don't put in place a structure to nurture industrial growth, you end up exactly where we are now, 40 years on.
Neither party can take the moral high ground on the demise of Australian manufacturing, they are both equally to blame.
With the advent of renewables and the pandemic, it gives an opportunity for a kickstart of a growth economy, not completely focussed on mining.
Whichever Party comes up with a viable plan, will win the upcoming election IMO, the ball is in both parties court.