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COVID has wrecked havoc on Aussie manufacturing SMEs can help

Source: Unsplash/Science in HD. Australian manufacturing today is at its lowest point ever. During its 1960s heyday, local manufacturing accounted for over 30% of GDP. Currently, that figure is just 5.6% of GDP. And that is despite a quadrupling of output since the 1950s. But it doesn’t need to be this way. The Australian government has committed to promoting and expanding domestic manufacturing in recent years. Based on the recent Ai Group’s Performance of Manufacturing Index, it appears that something is making a difference: we’ve seen nine months of consecutive growth since the COVID-induced global disruptions hit last year. It is a promising sign.

Why the RBA got it wrong on immigration and wages

Why the RBA got it wrong on immigration and wages More migrants do not mean lower wages. The real picture is much more complex than the political debate allows for. Share Reserve Bank of Australia governor Philip Lowe opened a can of worms last week on the Big Australia debate, surprisingly claiming immigration was one of several factors that had contributed to weak wages growth over the past decade. On cue, but somewhat taking Lowe’s comments out of context, anti-immigration One Nation leader Pauline Hanson tweeted the governor’s headline remarks. Immigration often creates complimentary skills to local workforces. 

Careful planning needed to avoid derailing Victoria s future

Careful planning needed to avoid derailing Victoria s future
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