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Julie's avatar

Have you considered instead of unemployment rate, looking at labour participation rate? One thing we have now that we didn't have in 1990 is a lot more people retiring (aging population in all), which, with universal super, is just as much of a problem for the governments budget as having a higher percentage on unemployment benefit I would think?

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Hilary's avatar

A big difference between then and now is that in the 1990s there was a strong and dominant TINA narrative, that There Is No Alternative to neoliberalism. It was almost blasphemous to challenge it in the media or elsewhere.

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