Long way to drop off this bubble!
Data released last year showed that only 68 percent of university graduates found full-time work within four months of finishing their degrees — the lowest rate on record. The bad news doesn’t end there, unfortunately. Even if you are luckily enough to nab a grad job, it turns out starting salaries have been declining for the past six years and they are currently at their lowest level ever recorded.
A separate report by the Foundation for Young Australians (FYA) has found that “today’s young Australians are facing a very real possibility that their generation will be the first to be worse off than their parents.” According to FYA, a bachelor’s degree in 2016 costs two-and-a-half times more than it did back in 1991 and the rate of wage increases for young Australians is half the rate it is for the rest of the population.
Nearly three times as many young Australians are stuck in part-time work, compared to 30 years ago
Over the past 10 years the government has increased the amount of money it spends on older people but decreased the amount it spends on people under the age of 25.
If you live in Sydney it’s going to take you 15 years to save up for a deposit on your first house. Back in 1985 it was only six years. If you’re in Melbourne it will take you 11 years, up from five. Better of renting, you think? Well average rental costs have increased 44 percent in the past decade, so you’re stuffed either way.
South Australian state government has gone crazy SJW. This is why nobody should even consider a career in any government department, not unless you also want a lobotomy at least.
In relation to the super reforms, which are completely justified and necessary;
It also severely impacted our fundraising because most of those affected and even those who weren’t affected but were concerned that they might have been were traditionally our supporters and very often our very good donors. [emphasis mine]
We cannot afford to let the coalition win and continue this speculation and economic rent seeking.
Malcolm Turnbull has launched a full scale war against Australia’s youth.
Whilst Turnbull refuses to address negative gearing and the capital gains tax (CGT) discount, which together cost the Budget many billions in foregone revenue, the Coalition is now planning to slash funding to universities by 20%, thus leading to significantly increased fees for Australian students.
Only about 20 years too late, but oh well – better late than never.
Bit of a break from US politics (Trump stumped everyone in Nevada btw), let’s talk about LNP shills going into full retard mode on housing policy.
Holy shit, so we have public MSM discussions on;
- Negative Gearing
- CGT Discounts for Property
- Raising GST
- Bracket Creep
Even if only one of the above gets fixed, the fact that these debates are now occurring at a public level is big progress.
First time I’ve heard common sense from an Australian politician on either side in years.