Comment on Why the cost of living crisis will not get better
hitmyspot@aussie.zone 3 days ago
Per capita gdp has been dropping for years and productivity gains has been poor in general compared to our other western peers.
The big problem is consolidation of mega corporations that suck all the profits up from smaller businesses and take those profits overseas, paying no tax here,
That, and treating housing like a commodity and not a human right. We need to build more houses and tax large multinationals fairly.
FreedomAdvocate@lemmy.net.au 3 days ago
This is because of the huge population growth due to immigration, as the government use immigrants to prop up the total GDP while ignoring the per capita gdp which is getting worse and worse as you said. Just bring in more people to spend to prop up the house of cards seems to be their only play, and I genuinely believe they don’t have a way out of the situation. The politicians don’t care because they’re all getting filthy rich so the degradation of living standards won’t ever affect them or their families.
hitmyspot@aussie.zone 3 days ago
The per capital drops are not the fault of immigrants nor immigration. Immigration normally helps with productivity and gsp growth. As you say it’s the only thing propping up the economy.
Blaming immigrants is misguided and an easy way to foment racism, as per the march for Australia rallies today.
If immigration drops suddenly, due to policy change or otherwise, we’ll all be even worse off and could trigger an even worse recession.
FreedomAdvocate@lemmy.net.au 3 days ago
The per capita drop is very much related to immigration, but the main point was that we’re expediting immigration-driven population growth just to keep overall gdp growth at any cost.
More and more immigrants are being brought in, having lots of kids, and working a bare minimum. Doing this lowers the per person gdp but increases total gdp - exactly like we’re seeing.
It’s not a coincidence that migration numbers are at all time highs at the exact same time that these gdp situations are unfolding. Immigration is being used to, among other things, keep total gdp growing so the government can say for amazing the economy is while it’s actual a complete shitshow - exactly like they’re doing.
hitmyspot@aussie.zone 2 days ago
The per capita affects all aussies at all levels. Thats the problem. If it was just more poor immigrants, people would not be protesting. Immigration increases gdp, not reduces it.
Most immigrants that come are working age without kids. The pay taxes but get very little out from their taxes. Some choose to stay, if they can, and have kids, but if so, those kids are aussies, not immigrants.
It’s not crap about us needing skilled migrants for many industries. We don’t have all the skills we need. However, those skilled workers are also the ones earning more than average, paying more taxes and increasing per capita gdp.
If we turn off the immigrant tap, our education system collapses, as it’s now dependent on exports. Our hospital system is also understaffed and underfunded, so it worsens. Our inflation is generally seen to be under control currently, although it is at risk. Prices won’t drop if inflation drops, prices drop in a recession. That’s what we will have. A housing crash is not how you make housing affordable, look at Ireland, USA, Greece. They’ve all had one, their housing is not affordable, those that couldn’t afford houses when out priced can’t afford them when there is no bank willing to lend.
What will get worse? Our economy. It’s already in recession, except for immigration. So, we will go into actual recession. Those extra numbers propping up retail, gone. Those workers doing jobs aussies won’t, like farm work. Gone, food inflation, not easing.
We don’t need lower immigration numbers. We need services for the number of people entering. New schools, new roads, new hospitals, more public transport and more medium density housing.
So, don’t blame the immigrants, they are here from the policies of both sides of our political system. Blame the libs who didn’t want to,pay for those services and just wanted cheap labor,