The ‘honeymoon phase’ of the Albanese Government is well as truly over with the Government now entering a ‘death spiral’ of falling voter support.
New Roy Morgan polling shows that Labor’s two-party preferred (TPP) support has fallen to 52.5% and now only leads the Dutton Coalition (47.5% TPP) by five percentage points:
Confidence in the government has also fallen to a fresh record low after falling another 5.5 points over the week.
More Australians now say the country is going in the wrong direction (49.5%), up 1.5% in a week. And fewer (32.5%) say the country is going in the right direction, down 4%.
According to Michelle Levine, CEO of Roy Morgan Research:
“The latest GDP figures released last week from the ABS showed the Australian economy grew by 0.4% in the June quarter, but on a per capita basis GDP per head went backwards for a second straight quarter”.
“Some economists and media commentators are referring to this as a per capita recession. The only reason the economy grew in the first six months of this year is that the population grew substantially more”.
Levine also noted that Australia’s unemployment rate has shot up amid the record population growth:
“Real unemployment increase significantly in August up 1.9 to 11% – the highest for over two years since March 2021. That’s the month that the pandemic job Support Program job keeper ended”.
“The overall figures show total unemployment and underemployment – what we might call workforce underutilisation – rising significantly, 1.5% to 20.1% of the workforce”.
“That’s almost 3.1 million people – the highest combined unemployment and underemployment in the economy since January 2021 when the economy was in the middle of the covid-19 pandemic”.
“So what’s really going on in the Australian workforce in the larger context that we’re seeing unemployment at the highest for over two years and since the middle of the pandemic”
“The fact is that Australia’s had an unprecedented surge in population over the last year. Australia’s population aged 14 plus – largely the working age population – has increased by 706,000 compared to just a year ago. That’s a record high increase”.
“This surge in population has driven increases in both employment and unemployment”.
“But the growth in the population in the workforce is outstripping the economy’s ability to provide jobs to all these new entrants and the number of unemployed Australians has grown significantly as the economy remains weak and in a per capita recession”.
“According to some economists, it’s likely that there will continue to be pressure on the economy providing enough jobs for all of those in the increasing population and the increasing workforce”.
In early October 2022, I predicted that in one year’s time, voter support for the Albanese Government will have collapsed and he will be following the path of Kevin Rudd into a Big Australia downward spiral:
“Fast forward a year and Australia will be inundated with mass immigration, energy bills will have soared, the rental crisis will have worsened, real wages will have fallen sharply, house prices will have tanked, and the economy will likely be verging on a per capita recession amid rising unemployment”.
“Will virtue signaling Albo still be popular then? I doubt it”.
“More likely Albo will be following Kevin Rudd’s path into a ‘Big Australia’ downward spiral”.
My predictions are now coming home to roost, brought about by the government’s myopic focus on the Voice while Australian living standards are collapsing.
