Australia has never clearly defined what "full employment" means. That's about to change — and a more ambitious definition could help keep 150,000 or more Australians in work, writes Peter Martin.
A 3% target would be truly living up to their name and storied history as the party of labour. Knowing modern Labor though, I’d not be surprised if it’s a 4–5% target.
Either way, that 3-5% needs to be supported (financially and otherwise) and not treated like dirt. Especially since it’s admitting that 100% employment isn’t possible (correctly) so you can’t punish the remaining % for something that is set out in policy.
Either way, that 3-5% needs to be supported (financially and otherwise) and not treated like dirt. Especially since it’s admitting that 100% employment isn’t possible (correctly) so you can’t punish the remaining % for something that is set out in policy.