Re: SA Economy
Posted: Fri Jan 24, 2020 10:29 am
Adelaide's Premier Development and Construction Site
https://mail.sensational-adelaide.com/forum/
https://mail.sensational-adelaide.com/forum/viewtopic.php?t=4719
Not sure all Tasmanians are rejoicing in the higher population growth as many would now face longer commute times and more expensive housing, with the number of homeless growing.ghs wrote: ↑Thu Jan 23, 2020 11:58 pmTasmania isn't an economic powerhouse but still they have higher population growth. It's pathetic.how good is he wrote: ↑Thu Jan 23, 2020 11:16 pmI think it’s more employment/jobs being the key to population growth (both coming in and reason for those leaving). Until there is significant change in employment and the types of jobs, I expect our limited population growth to continue.
Doubt the number of retirees would be that large as retirees usually prefer warmer climates. I think it would be mainly people priced out of Sydney's and Melbourne's property markets and international students who can't get Permanent Residency in Sydney or Melbourne.rhino wrote: ↑Fri Jan 24, 2020 10:13 amWhat is the demographic of people moving to Tasmania? Clean air and a slower pace attracts retirees. Retirees travel and spend to start with, but that reduces the further they are into retirement. Then (with all due respect) they slowly become a drain on services and a burden to society. They still have a right to be there of course, but it doesn't really mean a stronger economy due to a larger population.
A blessing in disguise for many South Australians.Bob wrote: ↑Fri Jan 24, 2020 10:29 amSA posts worst jobless rate in the country
https://indaily.com.au/news/2020/01/23/ ... e-country/
Chicago wrote: Do you really want your schools, shops, hospitals, favourite weekend spots flooded with people?
Yes, it's much better than having them close down because if lack of demand.
No, but the best solution to that is more trains.,And the second best solution is longer trains.Like being stuck in traffic forever or not getting a seat on the train?
That's a risk regardless of the size of tye population. But with a large population there are more opportunities so it's less of a problem.Like being undercut by somebody cheaper?
As opposed to now, when lack of work makes housing unaffordable?Love being in debt? Happy to see your kids renting, complaining about how everything is too expensive and how they'll never be able to afford a house? Because that is guaranteed should Adelaide's economy be doing much better.
I think you need to realize Adelaide is supposed to be a major city.Chicago wrote: ↑Fri Jan 24, 2020 2:58 pmI understand business (particularly big business) wanting higher population, preferably much higher population growth. Given the source of that labour it means lower wage costs and more consumers. Easy money.
I also understand people wanting a more vibrant Adelaide. A bigger, wealthier population will deliver that.
But be careful what you wish for.
Do you really want your schools, shops, hospitals, favourite weekend spots flooded with people? Like being stuck in traffic forever or not getting a seat on the train? Like being undercut by somebody cheaper? Love being in debt? Happy to see your kids renting, complaining about how everything is too expensive and how they'll never be able to afford a house? Because that is guaranteed should Adelaide's economy be doing much better.
I live in Melbourne and I think for most 'locals' (non recent immigrants) massive population growth has been a disaster.
Sure some are now millionaires, multi, but the cost of that growth has been very painful.
Adelaide and Australia for that matter would be much better off focusing on increasing its productivity per capita, on being more entrepreneurial, innovative and most importantly on being happier. Bigger isn't necessarily being happier.
Unfortunately Big Business is in charge and to them people are just workers and consumers, the more of them the better.
These things don't necessarily follow population growth and you've done your argument no favours by taking it to the logical extreme.Chicago wrote: ↑Fri Jan 24, 2020 2:58 pmDo you really want your schools, shops, hospitals, favourite weekend spots flooded with people? Like being stuck in traffic forever or not getting a seat on the train? Like being undercut by somebody cheaper? Love being in debt? Happy to see your kids renting, complaining about how everything is too expensive and how they'll never be able to afford a house? Because that is guaranteed should Adelaide's economy be doing much better.
On this, I agree. The economic growth model is flawed as a method of measuring our wealth and happiness. Relying on population growth alone to increase GDP while GDP per capita falls is not sustainable or desirable. But again, I don't think that precludes population growth where everyone's lot rises -- it's a matter of distribution. At the same time, I don't think we should measure Adelaide's success by the number of people moving to or leaving it.Chicago wrote: ↑Fri Jan 24, 2020 2:58 pmAdelaide and Australia for that matter would be much better off focusing on increasing its productivity per capita, on being more entrepreneurial, innovative and most importantly on being happier. Bigger isn't necessarily being happier.
Unfortunately Big Business is in charge and to them people are just workers and consumers, the more of them the better.
SRW wrote: ↑Sun Jan 26, 2020 10:24 amThese things don't necessarily follow population growth and you've done your argument no favours by taking it to the logical extreme.Chicago wrote: ↑Fri Jan 24, 2020 2:58 pmDo you really want your schools, shops, hospitals, favourite weekend spots flooded with people? Like being stuck in traffic forever or not getting a seat on the train? Like being undercut by somebody cheaper? Love being in debt? Happy to see your kids renting, complaining about how everything is too expensive and how they'll never be able to afford a house? Because that is guaranteed should Adelaide's economy be doing much better.
On this, I agree. The economic growth model is flawed as a method of measuring our wealth and happiness. Relying on population growth alone to increase GDP while GDP per capita falls is not sustainable or desirable. But again, I don't think that precludes population growth where everyone's lot rises -- it's a matter of distribution. At the same time, I don't think we should measure Adelaide's success by the number of people moving to or leaving it.Chicago wrote: ↑Fri Jan 24, 2020 2:58 pmAdelaide and Australia for that matter would be much better off focusing on increasing its productivity per capita, on being more entrepreneurial, innovative and most importantly on being happier. Bigger isn't necessarily being happier.
Unfortunately Big Business is in charge and to them people are just workers and consumers, the more of them the better.
South Australia in many ways has had more political influence in both the major parties than its size arguably "deserves" over the past few decades, with relatively influential politicians like Young, Minchin, Downer, Pyne, Farrell, Wong, Butler, Birmingham etc.rev wrote: ↑Sun Jan 26, 2020 1:10 pmThings will only change when Federal Government decides to make fixing this states and city's woes a priority of national importance. You know, if all states and major cities are prosperous and doing well economically and socially, it's a positive for the nation in general whereas if one or more are struggling and down in the dumps it's a drag on national resources.
Local South Australian politicians aren't capable of fixing a root in a brothel if their life depended on it.
You misunderstand me. I'm not saying Adelaide itself is at risk of dying. But there are a lot of boarded up shops in the suburbs. It's noticeable at Hallett Cove, and worse at Noarlunga where half the downstairs level of Colonnades is boarded up. And even in the City, the Gallerie's been closed for years and the Myer Centre can't fill its upper levels.Chicago wrote:Aidan, a place as well located and resourced as Adelaide won't die if it doesn't go Big, assuming good management. The go big or die message being peddled is a scam designed to benefit those in power.
That's the kind of thinking we want to avoid! Firstly its stupid for the cost future infrastructure to be borne by the present population when most of the benefits will occur in the future. Secondly, what makes you think big business won't pay? A lot of the state taxes do fall on big business,Trains don't get you everywhere and not always the friendliest of places. They're also an additional cost as is the rest of the infrastructure and people necessary to accommodate a growing population, a cost paid by all and not just the new arrivals and predominantly a cost borne by those that can't avoid those costs unlike big business that can. Maybe it makes more sense to spend some of that money on other measures.
But your customers will get ripped off, that's for sure!If you're the only plumber in town you're not getting undercut that's for sure.
So the solution should be to increase expectations!Large populations potentially offer more opportunities given the right mix and supply of skills and all other variables required for a thriving economy. However in Australia we have a large and rapidly growing section of the labour market that is insecure, has lower expectations, and is willing to work for less than the local population. All business knows this, they're bringing them, reaping the rewards and you're paying for it one way or another.
You don't need to stay small or avoid success to fix the policy flaw. A much better solution is to provide more slternatives.Sure, no job no house most likely. However plenty of well employed people out there struggling to afford suitable accommodation. Housing in Australia is expensive not due to lack of employment but due to Government policies. All by design.
That depends what you mean by “serviced” and “locals”.You don't really think the new casino and the rest of the hotels, apartments, office buildings, and cafes going up are mainly going to be serviced by locals?