The workforce participation rate is low at about 60%. This is possibly a new normal and could be an issue down the road...everywhere. In the US workforce participation rate is down to about 62% from a peak of 67% but they forecast it to be around 59% to 60% long term. We are becoming too efficient, replacing many hardware stores for eg with one big Bunnings. But we should have more money from cheaper stuff,or so the theory goes. Maybe the problem we will see with houses. Lower cost stuff means we have more money so we buy houses instead of stuff that creates jobs to replace the ones at the local hardware. Sorry went off on a tangent somehow Dolly's theory of Economics lol
Cairns holds promise but the town requires dedicated government planning. Otherwise people LOVE living here. So if we get a great politician (law of averages, has to happen one day) and provides that one missing ingredient it will be all systems go. Has so much going for it but yes the economy can be fragile at times.
Cairns holds promise but the town requires dedicated government planning. Otherwise people LOVE living here. So if we get a great politician (law of averages, has to happen one day) and provides that one missing ingredient it will be all systems go. Has so much going for it but yes the economy can be fragile at times.