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A rudderless ship: government's older worker policy : Comments
By Malcolm King, published 30/1/2014Unfortunately, there is no guiding hand at the helm of the largest demographic transition in Australia's history.
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Economists predict an economic slowdown which will clip about .5 percent off GDP over the next ten years. There are a raft of national economic issues but Australia's economy is too highly geared and has therefore priced itself (labour wise) out of many international markets. Most of my thinking on this comes from Ross Garnaut - hardly a socialist - but also others across the political spectrum.
One of the key problems is that employment will drop right at the time (we're seeing it now) the Boomers move to retirement. It's a double whammy. Unfortunately it does not always follow that Boomer retirements means more jobs as hiring is multivariate and multifactor.
I agree with you that young people in jobs is the primary issue but equity wise, ensuring those Boomers who want to work on, can work on and those older folk who want to work, find work