Saturday, November 30, 2013

Australian officials, economists warn of declining living standards - World Socialist Web Site

Australian officials, economists warn of declining living standards - World Socialist Web Site: "Senior Treasury department official David Gruen last week warned that incomes in Australia were set to stagnate for at least the next decade. The statement is among the more optimistic of a series of negative assessments recently issued by a number of leading economists, forecasting permanently high unemployment and plunging living standards for working people while advocating sweeping austerity measures."

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