Australia’s infernal perpertual motion jobs machine

Advertisement

By Leith van Onselen

One of the notable features of the Australian labour market in the 10 years since the Global Financial Crisis hit has been the boom in ‘caring’ jobs in health care & social assistance and education, not to mention public sector, construction, and so-called ‘Professional, Scientific and Technical Services’ jobs:

Advertisement

The boom in ‘caring’ jobs relates to a large extent to the ageing of the population and the rollout of programs like the NDIS and the increasing demand for childcare, as well as the expansion of Australia’s university system brought about by the explosion of domestic students from the demand-driven system and the explosion of foreign students.

Advertisement

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.