While they argue about rubbish in parliament, Australia is the only OECD country to not show improvement over the last two years in jobs, economic growth, productivity, balance of trade, wealth and debt. – in 5 areas we have gone backwards.
The data confirms Australia’s economy has worsened significantly since they replaced the discredited Tony Abbott and Joe Hockey in September.
Debt has increased at a higher rate. Actual employment, measured by hours worked per person per month, has fallen. December’s trade deficit at negative $3,524 million is in the four worst in Australia’s history. Wages are rising at the lowest rate since the GFC in 2009.
Morrison has changed his mind on GST, negative gearing, superannuation tax concessions, tobacco tax, bracket creep, and the backpackers tax – all in 6 months.
So what is Parliament doing? Arguing about Senate voting reform and the Safe Schools Coalition and what date the budget will be delivered.