[lbo-talk] Unemployment at 13-year low in Australia

[Grant Lee]

> So does Australia now have lots of U.S.-style low-wage insecure jobs?
> How's the working class done by all this dereg?
>
> Doug

Yes to "insecure". Real wages have fallen significantly in the last 30 years
but this has been softened by an increased "social wage" and a falling cost
of living (compared to other OECD countries anyway). The aristocracy of
labour has done well; not so much everyone else.