Albonomics can be summed up as tearing down borders to trigger mass immigration that leads to a shortage of everything except cheap labour.
For incoming migrants from the Third World, this is a net positive.
They are exploited as an underclass of unskilled labour, whether skilled or not. Yet they still earn more than they would in the originating country. Moreover, a few years of air-conditioned Aussie wage theft deliver the lifetime upside of escaping a hell hole with new citizenship.
On the other hand, Albonomics delivers a disastrous trinity to the existing population:
- A permanent, cheap foreign labour supply shock suppresses wages.
- All essential public services – housing, education, health, roads, and public transport – are debased at visible speed via crush loading.
- The everything shortage drives inflation at rates persistently above income growth, and real living standards tumble.
All Australians are exposed.
- Elderly and wealthy cohorts confront deteriorating infrastructure and health services (including private).
- Middle-class family household purchasing power falls perpetually.
- Young cohorts are the hardest hit as wages fall and housing becomes impossible.
Ironically, youth predominantly support Labor under the false assumption that it cares more for their fate than does the LNP.
Nothing could be further from the truth. Albo’s great crushflation makes them poorer, overqualified, unemployable and homeless.
Robbed entirely of economic agency, they turn inward to marginal and internecine questions of race, and gender.
Albonomics is fast-tracking the ALP primary vote to minor party status.
Rising in its place is the Greens, a fruitcake party that can accommodate the kaleidoscopic splurge of Albonomic losers.
If you think it’s bad now, wait until they rule together as a minority government.
