pay for a new world of big government
Keeping the jobless rate at 4% or less would be a great achievement coming out of the global pandemic, but one that Labor and unions talk about strangely little. Instead, Labor’s focus on borrowing in the future to care for people now and lifting Australia’s wage floor outweighs the coalition’s supposed strength in economic prudence and security. more intransigent.
The collapse of support for women is one of the main reasons the Coalition’s campaign is collapsing.
Opinion polls suggest that the focus on care industries is particularly appealing to women who work in many of these fast-growing professions – which include both low-wage and fast-growing women in career – and who are most likely to understand the relentless targeting of Scott by the Labor Party. Morrison’s character.
Collapsing support for women is one of the main reasons the Coalition campaign is collapsing: the Prime Minister’s approval rating of women in three Australian Financial Review/IPSOS polls is just 29 %.
It reflects real change: professional women are now the largest professional group, bigger than the colorful wall of ambitious business votes that has strengthened the coalition in the two decades since John Howard ousted the workers. Tasmania Timber of the Labor Party during the final week of the 2004 campaign.
The new meme of big government populism is another complexity in an already fractured political picture. Old electoral coalitions under traditional parties of left and right, labor and capital, are morphing into new divisions based on education, age, ethnicity and gender identity.
The Coalition’s success here in defusing the working-class populism that brought Brexit to the UK and Trump to the US has instead provoked the backlash of female-led blue-green teals in its wealthier former strongholds who can focus on climate and gender issues before bread and butter concerns.
In Britain, too, Boris Johnson’s new grip on Labour’s former red wall could be undone by the loss of centrist voters in the former Tory blue wall in the affluent south, who no longer have to fear Jeremy Corbin.
Yet after spending US$4 trillion ($5.8 trillion) on three federal stimulus packages with more spending to come, US President Joe Biden is suffering badly from the ingratitude of voters who now fear more than the inflation is unleashed, and who won’t have those bountiful jobs if the US Fed has to put the brakes on even harder. His problems are a lesson for Mr Albanese if he comes to power.
Today’s instinct for a protective government will come down to the question of how it will be paid for. Treasurer Josh Frydenberg, who is fighting for his political life against a teal challenge in Kooyong, has promised that the increase in tax revenue that currently exceeds the Conservative budget forecast will be banked to fix the budget rather than splurge – potentially $30 billion over the next four years that could nearly halve the projected deficit for that period.
The care economy will become more important as Australia ages. Australians must now consider how long they can rely on endless budget deficits to pay for it all.