Australia enjoying “bullshit boom”

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From Adam Creighton today:

London School of Economics anthropologist David Graeber shot to fame in 2013 by drawing ­attention to what he called this “bullshit jobs” phenomenon in rich countries. “Huge swathes of people in Europe and North America spend their entire working lives performing tasks they ­secretly believe do not really need to be performed. The moral and spiritual damage that comes from this situation is profound,” Graeber wrote.

The growth is equally acute in Australia, as a recent deep dive into the Australian Bureau of ­Statistics’ quarterly employment data reveals.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.