On Thursday, the Australian shadow finance minister, Chris Bowen, made a speech at the Labour`s next-term economic policy at the McKell Institute in Melbourne, saying high housing prices are the most worried about the Labour Party, and Australia is now a country where no more children can be provided.
If the current economic policy is not reformed, there will be more and more "(working poor)" in Australia, and if the major middle class does not benefit from the development of economic, it will eventually have a negative impact on economic, he said. According to the Sydney Morning Front, Bo Wen believes that while the wealth of the richest Australians has increased, the income of the middle class is relatively falling, which has led to the popularity of protectionism in Australia, and the popularity of the pro-policy parties, such as the (Pauline Hanson`s One Nation). Of the single National Party of (the Nick Xenophon Team), Hansen, an independent councillor Sanofen Cooperative Party, has risen rapidly. If middle-class people feel that they cannot benefit from global integration and export-oriented policies, it is difficult to support such policies, which is not conducive to the development of global integration and export-oriented policies. Among many economic issues, Labour`s biggest concern is that young people can`t afford house, and owning a home is now a "distant dream" for many young people. "Australia`s real estate ownership rate has fallen to a 60-year low. In 1982, 62 percent of people between the ages of 25 and 34 had their own real estate, and by 2012, that number had fallen to 42 percent, "Mr. Bowen said." in the past 25 years, the price of buying a home has risen from five times annual income to 15 times. I am soberly aware that the phenomenon that young people cannot afford house, especially and house ownership is already at a crisis level. On the other hand, in the past 20 years, Australia`s minimum wage has fallen from 63 percent of the median wage level to 53 percent, so the blog believes it is necessary to ensure a reasonable minimum wage and a normal salary standard.
