The Australian economy is kept afloat only by high employment...

  1. 11,875 Posts.
    The Australian economy is kept afloat only by high employment numbers.  Without high employment our debt would kill us.  The good news is, we have a large buffer with people on work visas, people we could send home in a recession.  Also there are people wanting into Australia by buying businesses, which means struggling companies can offload to people with way more money than sense.

    So I'm fairly optimistic, even if I do not agree with how this country is run, with such high public service wages and social programs we do not need funded by debt 
 
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