Why Australian living standards are falling

[@ML6103]

Regarding productivity. No matter how hard I work and what I produce, the government brings in millions of people to reduce the value of my labour. So the question needs to be asked, why work hard and produce more?

[@martinscrapp7166]

They don't want you to work hard to get ahead. They want you to work less to reduce your carbon footprint...it's the WEF's plan to control the global population. It's why the Digital ID/Age Verification and Misinformation/Disinformation Bill is all about - total surveillance, and a social credit system to use as a 'big stick' against what the WEF all the 'discontents'.

[@Grybyx]

Albo is a traitor

[@6219ll-dq9ij]

Yes it's very demoralising.. And it's our very short sighted government that's created these situations..

[@crazyprayingmantis5596]

You're working harder and for longer for a dollar that has an unlimited supply and is losing its value over time. Trade your time for Bitcoin instead, it cant be inflated.

[@freeagent8225]

Only Labor brings in migrants under the LNP it was zero.

[@Jin-oq2qu]

Who cares about productivity when everyone is obsessed with property which yields zero productivity.

[@JustIn-mu3nl]

Because construction can't be offshored and it's a cheaper option than productivity, we used to have the cheapest electricity in the world, tariffs to protect local industry. Now we have a lot of red tape, a licence needed to tie your shoes and electricity prices that are one of the highest.

[@nathanielacton3768]

Because it's the primary method for politicians becoming rich.

[@HahaDamn]

Biggest misallocation of capital in Australia’s history

[@bruce4130]

Cannot push the housing market higher and higher unless you want social upheavals !

[@MeditateMeHigher]

It yields Property BLUDGERS😂lots of them ugly bastards!

[@btiger1281]

When I started work, Australia use to make cars, white goods , small kitchen items , today we have no manufacture bases of anyworth, and the crap coming in doesn't last.!!

[@6219ll-dq9ij]

Exactly right, but globalisation hasn't helped either, and nor has our obsession with property speculation which has created a very unproductive economy..

[@Ghorgolla]

Exactly right, but Australia also has the biggest centralised unions on the planet. To wit the Construction, Forestry, Maritime, Mining and Energy Union (CFMEU) or the Australian Workers' Union (AWU) and our dear unhealthy nurses and dumbed down teachers in the Australian Council of Social Services (ACOSS) are of note. Through their control of trade super funds, they are largest fat 'cat investors' on the ASX - by a long mile. The Board of Directors of Australian Super includes representatives from the umbrella organisation - the Australian Council of Trade Unions (ACTU). Australian Super & Australian Retirement Trust (ART) have together control over AUD $300 bn AUD assets. i.e. about 15% of the entire ASX capitalisation, given a total ASX capitalisation estimated of about AUD $1,920 bn -------------------------- This iteration or circularity or unholy coalition or Sorosian reflexivity between FAT CAT UNION SUPERS and WORKER puts to question any underpinning to the Labor Theory of Value, Capital, Capital Formation and the cost formation of consumables by grass roots Australian workers. (btw Not one of these principals go to economic optimisation , industrial competitiveness nor profitability. But all have been shown through time to be essential to consolidating power. POWER in the vague Nietzschean sense. Political and labour collective power.) And so Australia has paid the price. Australia is the biggest do nothing nation, next only to our dear friends Saudi Arabia. We dig holes in the ground. Saudi Arabia drills holes in the ground. ------------------------------- Sadly Australia does not have its own MECCA which reaps into Saudi Arabia billions of USD$ annually. However a lot of Australian immigrants are settling about the Sacred Immigrant Holy site of Ayer's Rock. Like swallows they too may begin to Hajj, so who knows. Who truly knows? Going forward? There is always hope. 😉😜😉😜

[@CalBart42]

thank the LNP SCUM for that... and still the SCUM are voting no to the made in Australia manufacturing .. ALP want to impliment

[@mateodeleon1185]

You cant have a globally competitive manufacturing sector in a country with a high cost of living as you are competing with companies that only pay a few dollars an hour to their workers. Some are even located in tax free zones with low utility costs.

[@leewilton5082]

@@mateodeleon1185 This example demonstrates corporates and governments supporting slavery.

[@sallyjohnson5985]

Renting out bedrooms is a dumb idea put up by stupid, desperate politicians!

[@Peekaboo-Kitty]

That's right. My mother let a man stay the night in our house. At night he came into my bedroom and Raped me. I was still a virgin at that time. I hated my body from that time on wards, starting cutting into my legs, and even tried to commit Suicide several times.

[@LilacDaisy2]

This is the kind of pressure put upon the Irish, too. I remember local homeowners being blamed for the un-housed migrants their government flooded them with.

[@stormbear7330]

As BRICS develops Australia will be left behind and living standards will drop further, unless Australia gets onboard with BRICS..China is our greatest trading partner, also a neighbour in our region, it makes sense to build trust and relations with China, India, South Africa and the thriving Asian region.

[@shoti66]

@@stormbear7330I agree. But try selling that to all those that have swallowed the propaganda about the US being our “friend”.

[@RemusKingOfRome]

But 1/4 acre blocks can allow more buildings for renters and rent for elderly boomers. h

[@davegubbins4428]

cost of shelter here in Oz is a disgrace... a scam.

[@willmc6728]

3 big miners, 4 main banks, foreign students and tourism is all we got

[@stormbear7330]

Cut the umbilical cord alliance with the USA. As BRICS develops Australia will be left behind and living standards will drop further, unless Australia gets onboard with BRICS..China is our greatest trading partner, also a neighbour in our region, it makes sense to build trust and relations with China, India, South Africa and the thriving Asian region. BRICS should be the biggest conversation in the Australian financial markets, The New Development Bank, The Belt & Road Project huge opportunities for Australia...

[@damienbarton3910]

The first 2 don’t contribute all that much either haha

[@Blade5067]

@@stormbear7330 yeah ask Italy how its going with the belt & road project, its opting out as all it is, is a tax payment to china with no benefit. beat it Commie.

[@AussieJenn]

The service industry is all we got!

[@PwerRanger01]

@@stormbear7330 ha more shite from the traitor.

[@ArthurDonnelly-p3e]

The Uni-party hasn’t represented Australians in my opinion for 70 years. Every law introduced by one party the other party pretends to oppose it, then the law is passed and another International Corporation makes a killing, and ensures a couple positions on the Board are vacant when the pollies who helped them retire or are voted out. We need a clean sweep of the criminals within, and a complete investigation of anyone who puts their hand up for selection.

[@JustIn-mu3nl]

I think the rot started when the U N came to be imho, so your estimation would be pretty close.

[@PhiliusMaximus]

Good points

[@jezza4193]

​@@JustIn-mu3nl UN as united nations?

[@lloydsingline340]

​@@jezza4193Yes and Agencies.

[@AlienLivesMatter]

Westminster commonwealth is a clownshow. It expands until calamity and repeats the same mistakes again and again. After all, expanding the tax base created the convict class and sent them here. No vote can change this. The system is broken and all the clowns are singing the same song.

[@every1665]

I'd say the increasing number of pointless jobs like 'Wellness Officer', 'Cultural Awareness Advisor' etc are also diluting productivity.

[@HahaDamn]

@@every1665 these are roles that exist in large companies and employers to avoid litigation, that’s it, they already existed before but they were just given normal titles, you have Apple with their “zany” position titling to thank for that

[@joek292]

Would be a minute amount of total employees

[@alexisl9426]

These jobs are for the new migrants for the sake of diversity.

[@danieltynan5301]

The spare bedroom is the most stupid argument ever stated......

[@stormbear7330]

.As BRICS develops Australia will be left behind and living standards will drop further, unless Australia gets onboard with BRICS..China is our greatest trading partner, also a neighbour in our region, it makes sense to build trust and relations with China, India, South Africa and the thriving Asian region.

[@garawa1987]

The yanks and British will never allow that as they need Australia to fight wars from especially 8n Asia pacific

[@PwerRanger01]

@@stormbear7330 that is refuse. The BRICS idea is total smoke. They despise each other and will fail as conflicts arise as one wants to control. Get a clue traitor.

[@locky7347]

​@@stormbear7330If we sell our souls to the devil, we will deserve what comes next. I just hope Trumps influence on our terrible politicials will save us

[@dnickaroo3574]

Australia transfers huge amounts to US for its War against China-Russia-Iran. Australia was invited to join RCEP by ASEAN nations, the largest Trade Group in the World - but the US stops Australia from taking up this offer. We do as we are told.

[@PhiliusMaximus]

When did Australians ask or want this population growth?

[@banjerism7281]

When John Howard decided it.

[@dnickaroo3574]

Lots of Govts since John Howard.

[@Nick-ox9hb]

J E W S Import them to dilute the white vote

[@thekagifret]

They didn't

[@HahaDamn]

@@PhiliusMaximus businesses want it because they constantly complain about worker shortages

[@stormbear7330]

Renting a room to immigrates, who don't speak English, don''t have a job and different cultural and religious backgrounds, what could possibly go wrong?.. 🙄

[@bruce4130]

Communism

[@PwerRanger01]

Yet you support BRICS. How braindead are you really.

[@michaelcalder9089]

And catch a new strain of COVID 😮

[@stuartthompson7102]

People need to stop voting for the uni partys. Vote the same and expect a different outcome.Its Nuts.

[@lynxau]

None of them are any good.

[@iainw5081]

True but it is hard (designed to prevent) for a new alternative [arty to emerge.

[@adiintel1]

Im voting one nation next year. Lab greens libs never again.

[@itsonlyafl3shwound]

Doesn't matter the elderly and boomers are the largest demographic who have always voted the same way! Those that have made and are making massive profits off property and assets will never vote for change so it will not change. Greed will see this country either society collapse or India 2.0

[@stormbear7330]

Australia a 2 party political system "2 wings of the same bird" meet the new Prime Minister, same as the old Prime Minister..

[@crisgong2909]

Nowadays, people all over the world know that as long as they buy a house and rent it out in Australia, they can make a steady profit without losing anything. Moreover, due to the absence of Australian government regulation, this investment has almost no risk, and the only sacrifice is the future of the Australian youth generation

[@RangaAce]

Its 52,000 a year to rent a 4 bed in sunshine coast Queensland no yard no pool just bedrooms. Taxed into a state of perpetual stress

[@danythrinbell1596]

yep i no longer can afford to live in Australia at age of 64 no even pensions are available if i move overseas just a shit hole country like Venezuela ,

[@mohhingman]

Decades of eroding neoliberalism.

[@danieltynan5301]

All about the federal government funding what they want to do..... And not giving a stuff about anything else....

[@stormbear7330]

Cut the umbilical cord alliance with the USA. As BRICS develops Australia will be left behind and living standards will drop further, unless Australia gets onboard with BRICS..China is our greatest trading partner, also a neighbour in our region, it makes sense to build trust and relations with China, India, South Africa and the thriving Asian region. BRICS should be the biggest conversation in the Australian financial markets, The New Development Bank, The Belt & Road Project huge opportunities for Australia.

[@PwerRanger01]

@@stormbear7330 traitors will get btfo soon. keep outing yourself.

[@joshuasinclair4463]

Im not even a home owner yet but if this government puts out some communist shit like a spare bedroom tax then it's time to find a new country to live in. Fuck. THAT. FOR. A JOKE.

[@stormbear7330]

.Renting a room to immigrates, who don't speak English, don''t have a job and have a different cultural and religious backgrounds, what could possibly go wrong?.. 🙄

[@danythrinbell1596]

@@stormbear7330 that is why i'm looking to leave before too late i look around me and whatta i see frights me

[@HahaDamn]

How is that communist? Encouraging the efficient use of resources is a good idea, not a bad idea. People don’t need to occupy space for literally no reason.

[@danythrinbell1596]

@@HahaDamn how many boosters bro ? get some more

[@HahaDamn]

@@danythrinbell1596 wtf are you even talking about(

[@B33ond]

What’s Albo even done? Oh he bought a house for 4.8 mill and paved a new road to it using tax payers money.

[@Deano00777]

Also bought in 1.1m people

[@letmeexplain1816]

Don't forget his 2 jets he purchased.

[@Markpaul9]

Brought in 1 million people from the 3rd world to burden all services immediately with their families

[@SteveShearn]

Australia is becoming a big retirement village. With old Australian people in expensive houses importing asian care workers to change their nappies being paid by tax revenue. Lots of young people leaving the country for better opportunities.

[@Peekaboo-Kitty]

If I was young again I would leave too!

[@testicool013]

I left 21 years ago when I was 30

[@coopsnz1]

a more communist country more like it ! Australia not neoliberlism not even close

[@mknights33]

I'm an engineer, work in tech (only because manufacturering died before I graduated). I left for Europe for better opportunities and possibility to build my own business/products. It's a shame, i love Aus but it's just so limiting for me.

[@paulfri1569]

Pretty much 😢

[@honestpat7789]

Keep this great work going, Leith, you’re doing a stand up job 👍

[@jg5032]

The US election we saw young people and the working class waking up to the effect of massive levels of immigration on their lives. Suppressed wages, housing pressures etc. What will happen here?

[@stewatparkpark2933]

Labor are going to stop young people going on social media so that they can't learn about these issues .

[@vincentcacciola7161]

Ah yeah so you think the usa Trump land will deal with a country censoring social media think Elon Musk

[@ML6103]

​@@stewatparkpark2933 😂😂😂 You have won the stupidest comment on the internet today

[@ralphmogridge8364]

​@@ML6103💯🤣🤣🤣🤣

[@stormbear7330]

Australia a 2 party political system "2 wings of the same bird" meet the new Prime Minister, same as the old Prime Minister..

[@nickbaker5033]

There really isn't any real productive activity in Australia. We are in effect a financialized economy, our labour force is primarily employed in finance, domestic and health areas.. The days of manufacturing of any consequence died when the car industries were encouraged to leave by the liberal government. The measurement of productivity includes in that ponzi scheme activities within the financial markets. Immigration was encouraged to prop up the economy by creating fake growth which keeps this ponzi scheme going. In respect of minerals and fossil fuel exports, the USA dictate as per their known policy. That resources in countries like Australia belong to the USA for them to extract at zero cost, which is pretty much the case. Gas being a prime example. If we look at productive economies that are working well, China and Russia for example, who have vertically integrated manufacturing, product development, education and research as primary activities. We see a successful outcome. Similarly with Russia that has been heavily sanctioned for some time. We see, much to everyone's surprise a boomerang effect. Where those sanctioning are now in significant decline as their economies crash and their manufacturers flee the european countries. Russia on the other hand even with a war to contend with has vertically integrated all aspects of procurement and product supply have a productive growing economy. Japan which had after the war a continued war economy was also very successful until a engineered crash was created by making the "economy scream" . Giving the justification to introduce a "western economy model". With the outcomes we now see in the so called free democracies. Plummeting living standards for the lower and middle classes, housing beyond reach for the youth of Australia who now have to contend with crippling educational costs and high inflation caused by greedy corporations who have taken the covid crisis as a excuse to raise prices with the corresponding massive growth of profits within those major sectors. The outcome will inevitably lead to austerity. The degradation of infrastructure and the inevitable tent cities and homeless population we see in the USA and UK today. This of course leads to a violent society with drug dependencies and associated increase in criminal activities.

[@stewatparkpark2933]

Paragraphs ?

[@kotarorune]

💯

[@shoti66]

Thank you for articulating what I was thinking. This is 100% accurate.

[@bless7942]

Might be a paragraph but wow common sense 🤓🤓🤓🤓🤓 May be a future PM 👍🏻

[@dalechenoweth915]

Australian politicians' living standards aren't falling...

[@AussieJenn]

They gave themselves a pay rise and pat on the back for doing 'a great job during covid...what a joke.

[@nathanielacton3768]

"for us"

[@clydesimpson1462]

3 pay rises in 2 years the grubs.

[@mikerowe3849]

They’re rising! Politicians retiring to beach houses. Rudd, alsosleazy, gillard, you name it.

[@iainw5081]

Australia's 'economic complexity' has also collapsed from being globally ranked 50 or so in the 90's to be ranked around 90 now.

[@plexor8350]

It's 93, worst than SEA countries and some African countries.

[@crisgong2909]

Australian real estate has become a huge gamble. Everyone thinks that as long as the housing price foam does not burst before I sell it, I have nothing to do with the happiness of future generations

[@relaxedmuffin3666]

You can only have productivity when you produce something 🤷‍♂️

[@brucejay1409]

Fudd produces problems....lots of them in fact...does that count?

[@robert69sydney]

Vote One Nation .. or nothing change.. Dutton again.. is not the answer ... Also STOP GIVE OUR GAS AWAY FOR FREE!!! make mining pay taxes like any company Then everything will be fine if we stop also wasting money for weapons and stupid wars!!!😢

[@raymondwilliams5661]

Dutton is just as bad. X cop 👮‍♂️ no trust he's full of crap. 😮

[@Leo555ZZZ]

Mining does pay taxes like any company..they actually pay much more taxes than any other industry in Australia and they follow all the Australian taxation legislation.

[@robert69sydney]

@ clearly you are part of them.. Or get better info...💯

[@Leo555ZZZ]

@@robert69sydney From the ATO ' the significant increase in tax came from the mining sector, this year with the oil and gas and coal sectors showing significant increases in tax contribution. ‘Tax paid by the oil and gas sector increased to $11.6 billion in 2022-23, with some oil and gas companies now amongst the largest taxpayers in Australia. This result was driven by a combination of commodity prices, the project production life cycle and ATO intervention.’ ‘2022-23 is the second year in a row that the mining sector paid more tax than all other sectors combined, paying more than 5 times than they did in 2014-15.’

[@HahaDamn]

Tell businesses to stop complaining about worker shortages and actually train people who are unemployed to do shit then. Everyone knows it’s them driving this policy.

[@coopsnz1]

government killing busiesses espercially franchise owners not capitalism

[@michaelcalder9089]

Based all on a lie. There is no true skill shortage.

[@nottenvironmental6208]

😅 he reads the newspapers thinking that will inform us?! No, the papers are now designed to ensure we don't find out important issues.

[@Peekaboo-Kitty]

Renting rooms to total Strangers is such a very good idea! 🙄

[@lynxau]

how about to migrates ?

[@stormbear7330]

Renting a room to immigrates, who don't speak English, don''t have a job and different cultural and religious backgrounds, what could possibly go wrong?.. 🙄

[@JakeyDill]

Per capita recession is damn well true. My disposable income has reduced 40% over the last 4 years.

[@nicolaasvanroosendael697]

I know of many migrat entrepreneurs who divide houses up and more than triple their rental income. Saw this first hand. Living rooms into multiple bedrooms but only one toilet and one kitchen. The working poor are already there and councils seem to not notice ?

[@PwerRanger01]

should be banned from doing it.

[@jagman999]

You could be describing the UK too. The west is lost, the boomers are the last group to enjoy living standards

[@brucejay1409]

Many of the council's are being "looked after"( cough) by property developers

[@Umtree]

Rich property investors get richer, while the renters get poorer, import millions more desperate renters and we have the perfect 2 class system. ……. Glad I bought my house 20 years ago. Retired. No kids. Watching this country turn to shit without a care in the World.

[@coopsnz1]

more retards voted communist parties a decade didnt help taxes to be lower

[@raymondwilliams5661]

When the w.e.f comes in you won't have a home home either. You will own nothing and be happy. 😅😅😅.

[@bruce4130]

Feudalism by 2030!

[@spongybone4071]

You're not wrong

[@ASXStockPicking]

Pass through any local coffee shop. Only boomers enjoying their lives. Everybody else working their ass off to support their pension.

[@dominicgalante9753]

To hell both Labor and liberals we need a Trump leader in Australia and both Albanese and Dutton CANNOT DELIVER

[@timchapman5567]

Dutton can; all he needs is courage.

[@T8ZZY]

God forbid we get a trump over here but , yes, I do,agree that both parties have turned the country to what it is today and we do need a change.

[@chrisgrys3641]

@@timchapman5567Dutton and Albo no different.Don’t you remember Libs they lock country for 2 years.Can’t trust any of them

[@chrisgrys3641]

@@T8ZZYSomeone like Trump.This is the answer

[@chessimate]

Trump is a fraud. So is Dutton. You have to realise that politicians are just actors following the orders of their masters. The rest is just theatre to make us all think we have a choice. No politician will save us from any of these problems. Only we can save ourselves, but that can't happen until enough of us wake up...

[@rabidsminions2079]

Wages are down app 7% since the pandemic. Productivity is not the issue, wages have failed to keep up with the rising cost of essentials and businesses are getting more work for less money as a proportion of the cost of doing business. Massive immigration has meant that govs are building infrastructure to cope with the extra demand on our infrastructure and we pay for it and every new road has a toll on it again that we pay for. Interesting that the gov built a new road near Sydney Airport but did not put a toll on that. Retail businesses are suffering as workers wages failed to keep up with the cost of living, as a result retail and hospitality businesses are closing.

[@Deano00777]

Leith, about 15% of mortgage holders saying they have to sell if they don’t see a rate cut by February…which doesn’t look like it’s going to happen, inflation still too high, not coming down and some economists predicts another rate rise may be required… The US supposedly putting big tariffs on Chinese imports….so maybe less exports out of china, which could mean China not requiring our resources which could ultimately mean Australian job losses. A lot of “if’s” but it could happen. What’s your thoughts? Everyone is wild about immigration so bringing in 10k people a week is no longer an option.

[@paulfri1569]

So pretty much Australia is a Rich mans retirement home?

[@Hedphelym]

yep that sums it up. Wealthy boomers in the east and the working millenial slaves in the west

[@CascaydAzgard]

Immigration is out of control! WAY to many too quickly! Time to slow it right down, and only let people in who want to be an Aussie for the right reasons and intergrate because they like the way we do things! So much needs to be done, we Australians are due for a massive change that supports its citizens, not only the super rich investors!

[@mohhingman]

My question, if the government halted immigration would the economy collapse? Is immigration necessary to plug up holes on a sinking ship?

[@keepitreal2902]

Absolute GDP growth would be ended for a while (GDP might fall) until we metabolised the immigrants we already have and return to GDP growth per capita. In my mind the problem is that our culture has now grown used to this lazy "solution" to growth, and it will take some time for Australia to find sources of growth that do not rely on a housing Ponzi scheme and cheap wages.

[@InfinitePlain]

No, it would increase GDP per capita. Young people and older people would be doing the entry level/part time jobs. Instead of businesses paying higher wages, the Government should lower income and business taxes.

[@tsg2009]

We have low birthrate and capitalism is all about growth, immigration is needed for growth otherwise the gdp stagnates

[@InfinitePlain]

@ Capitalism isn’t about growth comrade. It’s about market forces choosing the most efficient use of resources to meet demand. ‘Growth’ is based on meeting interest on loans. If you borrow $100 at 5% interest for one year, you need to repay $105. Where does the extra $5 come from?

[@tsg2009]

@InfinitePlain if you had a brain you'd understand

[@williambyast7791]

Its almost time to consider Leaving this Country I was born in! If something is Not done to Turn it around Morally and Economically. Many will Leave.

[@nicolaasvanroosendael697]

That's what happened after both world wars when war widows were so desperate their homes became rooming houses for some vets. I saw this as a young migrant in the 1950s. It was poverty row.

[@7bowlo]

we are doomed under Labor. more regulation. more tape. less productivity. high taxes.

[@stewatparkpark2933]

More big brother .

[@ML6103]

As if it's been any better under the Libs?

[@coopsnz1]

@@ML6103 because libs a centre left i dont vote them either

[@spongybone4071]

Libs are even worse. They only look after the top end of town.

[@mickmccluand4677]

16:50 I wonder if Albo would define this Misinformation or Disinformation.

[@Deano00777]

Council workers, police officers, ambulance drivers, teachers, life guards….can someone explain to me how these workers can afford to live and work in Sydney?

[@Eric-kn4yn]

And there are many earning less than those people minimum wagers think council workers in that cohort

[@williamcrossan9333]

Police officers, ambulance drivers, teachers actually get quite decent incomes. It's motor mechanics, warehouse workers and retail workers which has me buggered, as to how they survive.

[@Deano00777]

@ ok, any single person on less than 150k then. How are they affording $1.5m homes?

[@williamcrossan9333]

@@Deano00777 Well, a police officer typically will earn around 140K with OT and shift, after about 5 years in the job. A motor mechanic is lucky to earn 80k a year.

[@crisgong2909]

In China, renting bedrooms is also illegal and not allowed in most cities because it involves public security and fire hazards. As long as neighbors or property management companies report group renting, specialized agencies will send people to forcibly terminate the lease the next day.

[@michaeldemarillac9992]

When I studied economics back in the 80s, this was widely acknowledged as common sense. Nowhere is this now acknowledged in corporate owned mass media.

[@coopsnz1]

media left wing left retard

[@HahaDamn]

@@michaeldemarillac9992 because businesses want skilled migration to fill “labour shortages”, it’s not a mystery

[@HahaDamn]

@@michaeldemarillac9992 and they also fund the media, that’s why you don’t hear about it

[@gene3299]

Albo is on the way out thank God ... Maybe our country can be returned to the hard working Aussie and not the Uber driver on a dodgy visa that has 3 houses

[@spongybone4071]

Not if it goes back to Duttons LNP who started the mess and will make things worse. I will vote for anything but Labour and LNP, all a bunch of idiots and snakes

[@houseofzedds4960]

One of the few economists or financial commentators speaking the truth about the current economic situation.

[@splitirisbear4589]

I can tell you just one reason why our politicians keep importing foreigners. Real estate. The more people there are the higher the cost of housing, the more your investments in real estate goes up. The average politician owns multiple houses in Australia.

[@politicz1973]

Leith is a brilliant man!

[@nathanielacton3768]

When I was in my 20's in the late 90's my living standard was excellent. Family income was 200k gross. Family income is now 568k last year and we just downsized to a shitty place because not only have I not had an income rise in 5 years, but future income is getting dicey. BTW, I drive a mazda 3 and live in the Sydney Inner west. You would think my income would buy a lot higher lifestyle. I have no idea as to how people are buying 3-4m houses around me. Look again at my income! How in holy hell do I need to worry about my grocery bill on that? It feels like EVERY SINGLE financial transaction is predator and prey and I'm the prey. I catch a bus to work, and 20% of the time they are charging me for the full trip as if I didn't tap off. Drive down a toll? Check your bill. They register your car, then charge you extra because their reader did not pick up on your tag and had to use optical recognition (the same type you use for free parking at westfields). Disconnect electricity and watch the bills still come in. Move house and watch the RE agent try and use you bond for capital upgrades for the owner. It make my head explode. I really understand "Falling Down" now.

[@Gotoooooo]

I am consistently and persistently overcharged at Woolworths.They do have a good customer return policy(get one free,ect).You will discover this is so if,, you check each item on your receipt against the given shelf price. Who does that?They know you won't check.

[@helenegan1079]

Immigration is determined by the UN no matter how much we complain. Aust. not soveriegn country but part of the Collective West US Empire who determine Aust Foreign Policy. No say in decisions they make for Aust.

[@keepitreal2902]

No it isn't. Countries pay lip service to the UN,and often ignore it entirely.

[@Peekaboo-Kitty]

We need a PM with balls like Trump has! Someone who loves this Country more than themselves.

[@iainw5081]

@@Peekaboo-Kitty That person does not exist.

[@PwerRanger01]

@@iainw5081 actually that would be Pauline Hanson, are you blind or actually stupid not to notice?

[@brucejay1409]

😂😂😂can you imagine Trump being dictated to by the UN?

[@malcolmhector2641]

Meaning the immigrants coming here , are only coming for the benifits , not for work .

[@clydesimpson1462]

After WWII migrants came to Australia for a better life, they worked hard, helped their adopted country and settled in. Today's migrants are just economic migrants and are only interested in what the country can do for them. Politicians are only focused on a quota not where the dregs come from.

[@huaweispotify2472]

Dumbest comment on this section

[@lemillion8394]

Its nice to see so many people pointing out accurate issues in the comments. Genuinely feeling like I was going insane.

[@Kawasaki1-m4l]

Mineral wealth. The government is giving it away for free, no tax, no royalties, nothing. & we cop the clean up bill. EXON MOBIL SANTOS Just to name a few.

[@trongtuong2]

As always, a great analysis. Newcomers often wonder if it's too late to navigate the financial market, but the market is always unpredictable. Trading has more advantages than simply holding, so it's important to learn before diving in. Active trades are necessary to ride the market's waves. Thanks to Seren Wintersun’s insights, daily trade signals, and my dedication to learning, I've been increasing my daily earnings, managed to grow a nest egg of around 127k to a decent 732k. Kudos to the journey ahead!

[@trongtuong2]

SHE IS ON TELE GRAM.

[@trongtuong2]

@Serenwintersun

[@0r00ney]

In a field as rapidly evolving as cryptocurrency, staying updated is crucial. Seren’s continual research and adaptation to the latest market changes have been instrumental in helping me make informed decisions.

[@79AdventureBaby]

Always backup your trading with a good strategy.

[@2Luisalvarado]

Nice, I was just hoding before I found Wintersun. In my opinion she is the very best out there.

[@winlen4731]

I'm reading stories that developers can't build apartments anymore for prices that people could afford due to construction costs rising 40-50% in the past 5 years. Share houses will be the only solution to our absurd immigration levels. Share houses are like a spare bedroom tax.

[@AussieJenn]

When they build houses with 'Hebel' (concrete mixed with styrofoam) nothing will last long.

[@world-uk2vj]

Need cheap foreign labor. For building industry.

[@mohhingman]

@@winlen4731 this is where third word countries have an advantage. It is possible to create and live in a large range of housing standards without the government raising an eyebrow. A few planks of wood and tin roof would help many a folk at this time.

[@bigbadgjn]

Strong correlation with immigration and increasing public servants

[@crisgong2909]

They know full well that，this is all intentional

[@LoueeLouii917]

Reading the newspapers for information 😂😂😂

[@vincentcacciola7161]

Does anyone think that the USA Trump land and Elon Musk land will want to do business with a place that censors social media hilarious

[@lincolnscott3155]

When will Albanese and Dutton start renting out their spare bedrooms…? 🫵😉👍

[@bruce4130]

Dear Albo, I need a good room and iam willimg to pay $200 pw!

[@freeagent8225]

Nothing goes up forever. You must accept the good and the bad. Be brave.

[@mvnorsel6354]

People are blind to all the good in Australia except the migrants.

[@marka8274]

Smart people are leaving Australia, not trying to analyze it.

[@retrothingz]

Indeed😂

[@crisgong2909]

Why are the housing information systems of several major states in Australia not sharing information? Why not introduce policies to prevent speculators who hoard dozens of homes? These are all basic common sense, and the government needs to take responsibility for its long-standing inaction

[@mrfrenly]

It's ridiculous. We got locked up for 3 years to lower the burden on the health system and look what we are doing. Let's focus on a health system degrading instead of the roads

[@scoutjohnson1803]

Malthus said things get worse with an increasing in population, over 200 years ago.

[@GoldenShekle]

malthus was a satanist

[@australiasindustrialage689]

The reason that leaders in Sydney and Melbourne have not revolted against this policy is because they are the very leaders that have advocated for increased immigration. They're not in Hobart, Adelaide or Perth, they're in NSW, Sydney, RMIT, ANU etc

[@berniestar1490]

It would be interesting to find out A) the percentage increase in tax from GDP over 24 years B) the increase in gov employees as a percentage of population over same period.

[@detectiveofmoneypolitics]

Detective of Money Politics is following this very informative content cheers from VK3GFS and 73s from Frank from Melbourne Australia

[@cruzrv4399]

Leith, the message is definitely getting through on socials. Maybe wind down the time spent on the legacy media and wind up the time spent on socials. I feel the legacy media is definitely on their way out. I think you get a lot more attraction via KZbin, TikTok, etc, I think you already know this.

[@savic-e8m]

Gotta keep importing them jeets

[@callofduty6661]

Access to labour force is included in FTA ' s especially India.

[@PwerRanger01]

@@callofduty6661 remove that shite now. They are not good workers at all.

[@MeditateMeHigher]

Women aren't safe around Raj period!

[@callofduty6661]

@@PwerRanger01 Where did I say they were good workers? It is all about the FTA's which includes loosening restriction for Visas. eg Yoga instructors / Indian Chefs / students to live and work after getting degrees etc. Who is going to cancel these Trade agreements? No one.

[@mandiparker4539]

Thank you I appreciate the heads up

[@user-dd5kx5md5o]

Great interview! well done gents

[@LilacDaisy2]

I saw that segment by the ABC, and it was so obvious they were guilt-tripping people who have an unoccupied bedroom in their house. I can only imagine the slander they're going to lay on those with a holiday house (politicians exempt).

[@Donatello-wn8bc]

Politicians wages should be pegged to the performance of Australia's economy. Do you think Albanese would rent any of the spare rooms in his house?

[@crisgong2909]

The decrease in income expectations and negative population growth are serious negative factors for housing prices. However, in Australia, all economic rules have failed, and all intermediaries advocate that there is a severe shortage of housing in Australia, and housing prices will continue to rise before the Olympics

[@billfrug]

What is the government's rationale for increasing immigration?

[@PwerRanger01]

property prices, their investments go higher. Also means the business that pay them bring in cheap labour and dont have to pay more.

[@crisgong2909]

Will Australia become an ordinary developing country in 20 years if this continues?

[@clydesimpson1462]

@@crisgong2909 Labor wants poverty and reliance.

[@MeditateMeHigher]

More people to tax n eye gouge

[@robert69sydney]

Vote One Nation .. or nothing change.. Dutton again.. is not the answer ...

[@spongybone4071]

Yeah and your vote ends up getting preferenced to Dutton, great idea! NOT

[@bruce4130]

8:15 Leith isn’t the only one saying this about immigration! Secondly reading newspapers and mainstream tv news will never address the issue because their advertising revenue comes from the housing market and affiliate real estate businesses! Domain is one of those!

[@milanpintar]

it’s not in the papers because the papers love large populations it’s how they increase profit, it’s personal interest

[@JakeyDill]

This is why having savings is almost pointless. What’s the point in having bank when it just diminishes over time.

[@gregbuckley1078]

Even new cars today are lucky to last 1or 2 years before falling apart. Cheap clothing from overseas ain’t cheap. Tradies have no quality in their work anymore. Taxes are over the top on everything.

[@vmura]

your example is gold. question is does Gov know this and if yes they are negligent- evil

[@keirenle]

Well, u just confirmed my suspicion. Frankly, I don't remember anything exciting coming out the last 10 years. While Asia has been steaming ahead and u can see progress every where, Australia is on a stand still. Alot of talk but nothing materialised

[@wallypoffle7796]

Will you be allowed to continue with this channel after the MAD bill gets through parliament. You are likely to be facing gaol terms !

[@cruzrv4399]

You don’t just have to be in Sydney or Melbourne or Brisbane to experience the competition for resources. As more and more natural Australians are being squeezed out of the cities they are moving into the regional areas which is simply pushing the prices of resources, housing etc. Up and locking out of, available shelter in the areas where they were born and raised

[@DanielStone-yw1rn]

I thought I just read that 19 000 manufacturing businesses have shut down because the power prices are too high I like the language thankyou for video

[@considerthis7712]

Educational , but concerning!!

[@jamesaustralian9829]

The longer Labor is in, the more taxes come in, and the lower living standards get.

[@charliepearce8767]

Oh dear, when Gov is doing the work of the UN allowing them to dictate how the country is ran for the benefit of others in the world and not Australians, what does the Gov expect.

[@jtv3421]

2 words: International Obligations

[@Peekaboo-Kitty]

They put themselves in this position. We don't owe other Nations anything.

[@paulfri1569]

Get out of them..

[@HahaDamn]

Rates are too high and it’s stifling business investment. This is the insanity of their response to raise rates to reduce inflation. Price rises drive investment, which increases supply and decreases prices. The RBA constantly fucking with price signals is the biggest issue right now.

[@tovsteh]

Its feels to me as if Labor create all these cost of living problems for the working class, then give them rebates using our tax payer money in return and pretending they're helping us.

[@PhilipWong55]

The last 33 years of prosperity that Australians have enjoyed are due to a single country's demand for Australian mineral resources. Australia has nominated that country as an enemy.

[@chrisowen2618]

People do not WANT to work when after a certain amount of hours,they are losing most of it to TAX . One tax rate to award productivity ...if people earn more ...THEY SPEND MORE

[@AlienLivesMatter]

The treasury also creates money by issuing new bonds and fractional reserve currency. Everyone earning under 100k income should not be taxed. Taxes were raised as a temporary method to fund past wars and were never removed.

[@Rafa-wc3fw]

Controvertial take. Productive workers are given a handicap, supporting non-productive citizens. Full time workers living in tents, while welfare recipients and NDIS recipients are living like kings.

[@world-uk2vj]

You're onto it

[@alexisl9426]

My ignorant immigrant parent renovated their house with dodgy migrant renovation company with dodgy migrant tradies. It’s poor quality … imagine this is happening to new buildings.

[@crisgong2909]

Real estate has hijacked the entire Australia, further widening the gap between the rich and the poor, irreversibly reducing the birth rate, and will gradually eliminate the few remaining manufacturing industries. The government is helpless in this regard. The only effort it has made is to continuously increase the number of immigrants.

[@Atoz-om4vm]

Only One Nation can save this country from terminal decline.

[@Sanguinarius9999]

Therefore also people not wanting to work as many hour's of unpaid overtime that previous generations did (for less incentive/pay/reward)

[@adrianskinner5676]

Unpaid overtime is a major hurdle to productivity. Also have to include companies over zealous on a process drive. They forget content which drives productivity. Process was merely to protect executive pay.