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Interesting piece by Ross Gittins. According to him, from now on we'll have fewer workers than jobs, not the other way around. So the problem with housing now partly involves finding people to build all the needed new homes.

"The half century in which jobs were always scarce has ended, and we’re back to the opposite problem: not enough workers to do all the work that needs doing.

"Why? In five words: the ageing of the population..."

#Australia #auspol https://www.smh.com.au/business/the-economy/get-this-into-your-head-we-are-now-short-of-workers-not-jobs-20241022-p5kkak.html