mercredi 10 septembre 2014

Are unions and the housing market trashing the economy?

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.




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