Then, as I’ve said before, Australia should continue with random capital city lockdowns and interstate and international border closures, indefinitely. Great for the economic numbers!
30th Jul 2021 12:47
Well no, the numbers would obviously be better given no lockdowns, however the effect of lockdown is nowhere near what is being thrown about. One simple reason, lockdowns are not structural problems with the economy, they are just road humps. As soon as the lockdown ends, the pent up spending needs blow out and pump cash back into the system. When a lockdown occurs people might not earn as much, but they have nothing to blow it on anyway. A company goes broke, sad yes, another one starts to replace it, as the need is there. Businesses start and fail regularly, in good times its about 2/3rd fail each year. As has been said before more is also being spent in the domestic market due to no foreign travel which is proping it up. Its like saying Virgin failed because of covid, we all know its not true, if anything covid gave Virgin the ability to reorganise itself under another company and keep most of its workforce due to jobkeeper.
As far as jobs go, there are heaps of adds for low paid work at the moment, any casual out of work should walk into another job almost instantly, if you are genuine about it. I'm associated with supermarkets right now and its a constant stream of new employees.
Now local retail, that has been a sad story for some time due to internet sales, if you havn't pivoted to online sales yet you were in a terminal decline anyway.
If you work in Aviation and inbound tourism, toughen up, its going to be a long road out, nothing is going to change that. But the majority of the economy has adapted to the situation.
Don’t eat all those crayons, Champ.
Can't, you ate them all first, then started on the tide pods.