Since the nineteen fifties, there has been much improvement in technology.

Tractors, able to do the work of 3 oxen, have become cheaper.

Computers have gone from a room sized, billion dollar contraption, to a 6 dollar chip.

Despite this phenomenal increase in fundamental wealth, most people in India are dirt poor., and land is more expensive, there is more pollution.

I'm sure for every extra thousand or so people, there is 1 extra member of the "middle class".

So statistically speaking, the middle class is growing as the country spirals downward towards oblivion.

Some economists make no distinction between GDP and GDP per capita, to the detriment of our fair country and its' citizens.
Your government sells public land to private enterprise, to build suburbs. It keeps demand high via immigration and baby bonuses, History will remember your Treasurer as an evil monster, far worse than any terrorist.

A major and institutional problem in Australia is biologically motivated mateship-grounded only opportunities if any at all.

It drags this English semi-colony back in the times of the First Fleet, effectively having jobs conserved for the privileged to inherit the work (and social status) only.

Regrettably, technology is not a throne might be simply passed on to a family member if even from Anglo-Saxon/Celtic tribe.

The article does not mention the problem of world oil supply, Peak Oil as it is also known. The increasing gap between what Australia consumes and what it produces will produce a huge balance of payments problem in the future. This is a grevous error by the current government.

Peak Oil will be addressed by the next federal govt as the date of Peak Oil seems to be settling heavily on 2010. However, Chinese consumption may make it feel like it arrives next year of the year after. The next govt will have their hands very full indeed.