Huge population growth expectations, what about their employment?

Discussion in 'Property Market Economics' started by TheSackedWiggle, 29th Jun, 2015.

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  1. BuyersAgent

    BuyersAgent Well-Known Member Business Member

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    As others have said its about supply and demand. Those with transferrable skills will always chop and change and this will see relative wages rise and fall between industries. Those with specific skills will do better or worse depending on ongoing demand. A Brain surgeon will always do very well unless a robot, a pill or something else comes along and replaces him/her. Everyone still needs a house. The city exodus occurs in waves, not in a straight line.
     
  2. C-mac

    C-mac Well-Known Member

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    Supply and demand absolutely. I just believe that as the demand changes based on changing jobs/job locations; we might see demand increase and decrease in some surprising locations.
     
  3. Bayview

    Bayview Well-Known Member

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    You don't need skills to drive a taxi, run a 7-11, pick strawberries, walk around knocking on doors selling Energy contracts.
     
  4. TheSackedWiggle

    TheSackedWiggle Well-Known Member

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    automation via Artificially intelligent Robots, Self driving cars/trucks, Automated Medical diagnosis.

    Laborious and repetitive jobs will be fully automated,

    Now with research like #deepdream even subjective interpretations are under threat.
    http://googleresearch.blogspot.com.au/2015/06/inceptionism-going-deeper-into-neural.html

    http://techcrunch.com/2014/09/22/this-robot-tastes-better-than-a-wine-critic/

    We are much closer than we think.

    Like decades before its not just a matter of slight adaptation in terms of skills. The skills for future will be in highly skilled fields of robotics, machine learning, Bio-med engg, Algo design etc.

    We are entering a disruptive phase where innovations are exponential in nature..... exponential in terms of scale and ROI but not in terms of job creation (unlike past century)

    With our misplaced policies/priorities we have made university education almost a mugs choice for youngsters.
    Our specialist skills, acquired in last two decades, of digging dirt and flipping properties will not be enough.

    'AUSTRYA will be fine mate' won't suffice.
     
  5. sash

    sash Well-Known Member

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    Yep....but the locally born will thumb their noses at this sort of work.

     
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  6. Bayview

    Bayview Well-Known Member

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    Pretty true.
     
  7. sanj

    sanj Well-Known Member Premium Member

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    Unfortunately this is often true. I've seen it in 3 different cases recently.

    1) catering business doing many events - I'd say 80%minimum are foreign staff. All paid legal wages etc so that's not a factor. Aussie owner who says foreign staff are generally more reliable
    2) large events business - same thing
    3) distribution business - aussie owner told me last week "I try not to hire too many aussie casuals, too much ******** to deal with and laziness"
     
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  8. Bayview

    Bayview Well-Known Member

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    Hence, the AFL public holiday thread
     
  9. Kangabanga

    Kangabanga Well-Known Member

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  10. JDP1

    JDP1 Well-Known Member

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    The article is partly right, but also partly not quite.
    As with immigration , therr is no black or white Solutions.
    The article makes the inference that some immigrants bounce 'similar' countries off each other to decide which is preferred eg aus vs USA. Certainly to some extent this is true, and some do just this..those with choices.. Cost relative to wages are one factor as are ease of getting a job and immigration policies especially ease of getting perm residence/green card, or citizenship.

    To some degree though, it doesn't matter as much as immigration numbers are looking very healthy both here and in the us. I'd be more worried if numbers were not good and not projected to be good. Tjerefore not too concerned of some 'loss of business' to the USA on this.
    Our competitive position relative to other countries has been studied and documented by governments abs is not an unknown
    and steps are taken by the govt to improve it.
     
  11. Bayview

    Bayview Well-Known Member

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    We moved to the USA for 3 years so my wife could pursue her dream to work O/S before kids got too old.

    There was both her and I, and one child at that time - all 3 of us had to have Green Cards. They now have work Visas instead; to speed up the process a bit more, but if you plan on moving there for good, this is not much benefit in the long run.

    The process to obtain them was long, slow and laborious - almost 3 years from go to woa, including security checks, extra exams for her (she already had a degree in nursing in Aus!!), trip to Sydney to the USA Consulate, and so on.

    It was a total pain in the arse and we nearly gave up.

    I don't know how hard it is to get into Aus from O/S, but if folks were choosing between here and the USA; they'd probably choose here.
     
  12. Till Kingdom Come

    Till Kingdom Come Well-Known Member

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    Recent data shows population growth is lower than expected. Due to immigration slowing down as they are less attracted to fewer jobs and lower AUD.
     

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