Unions are creating perverse incentives for individuals to go into low value added jobs which create no others jobs in the economy and are directly contrary to developing a modern economy.
Tradesmen generally earn more than engineers and innovators. Why is that ? Is it a good thing or a bad thing for the economy ?
Are high house prices doing a similar thing ? It is easier to invest in an asset which creates few to no jobs and adds little to no value ?
With these two forces in play, do others believe that the negative trends observed in the Australia economy will not be reversed ? More to the point is this an opportunity to take advantage of with this knowledge on the direction of the economy ?
Would be interested to hear the thoughts of others.