I think the difference Between the USA and Australia and most of Europe is not just snakes. We have only two poisonous snakes here and death by snake bite is rare. The difference is that the USA always had conservative governments. Obama is conservative by our standards. We have had many Labor governments. We are further to the left in mot things even religion. WE have spent to avoid the GFC. This has kept unemployment low and wages low.
This is in constrast to the American situation reported in today's New York Times. There"Still the plaintive pleas for work keep coming online. That is because carpenters, bricklayers, roofers, painters, electricians, plumbers and carpet installers have largely been left out of the economic recovery. Builders are not hiring, homeowners are deferring renovations and governments are postponing highway and bridge projects. Economists are
forecasting that the Labor Department will announce on Friday that the nation’s employers added about 165,000 net jobs last month — few of them in the construction industry."The Construction industry is booming here and tradesmen have the highest wages
Steve Irwin always made it seem like you were up to your ears in snakes thee. I guess you can't take everything you see on TV for gospel. That was kind of a joke.
Your economy is based on natural resources (the hated mining, hated by the aboriginals at least) and so is less affected than some but it seems your prospects are not all that rosy.
As reported in the Sydney Morning Herald yesterday:
THE Reserve Bank has dramatically downgraded its assessment of the Australian economy ahead of the budget, slashing its forecasts for growth and inflation and opening the door to further interest rate cuts.
The bank's latest quarterly review, released yesterday, predicts "subdued" jobs growth, "weak" building activity, "soft" government spending, weak business investment away from the mining sector and inflation near the bottom of its target band.
Offsetting all of these, and allowing the bank to match the expected Treasury forecast of 3.25 per cent economic growth to be unveiled on budget night, is a strong pick up in export earnings, by itself responsible for 1 percentage point of the bank's 3 to 3.5 per cent economic growth forecast.
The forecast will enable the Treasurer, Wayne Swan, to claim the economic growth is returning to trend, but the growth will be unbalanced, with the bank expecting only "modest" employment growth for the year ahead.
The outlook is a turnaround from last May when the bank forecast "solid" employment growth and the budget forecast 500,000 new jobs in two years.