John Black has another piece in The Weekend Australian, which I read against my better judgement. His point seems to be that the federal Labor government sabotaged the labour market, and particularly that it worked against the interests of employees in traditional blue collar industries.
Articles from We are all dead.
Listening to the Treasurer and others, you may get the impression that a blowout in spending has caused a structural deficit. This does not accord with the analysis of the independent Parliamentary Budget Office.
I have a new comment piece in Guardian Australia. I argue that the large personal income tax cuts of the mid-2000s were a big factor in creating the structural deficit, and that any attempt to wind back this deficit should start with those tax cuts. At the very least, bracket creep should be allowed to do its thing. Please read it!
After reaching an all-time high of 65.8% in November 2010, the proportion of people aged 15+ who are either in work or actively looking for work has declined sharply, hitting 64.8% in October this year. An important question for policy makers is this: is the participation rate declining because people are being discouraged from looking for work, or is it declining as a natural consequence of the ageing of the population?