Election Winner #7

Driving unemployment rates lower

Currently our unemployment rates are about 4.2%. The Government has aimed to reduce unemployment levels below 4% and drive towards 3%. This has been welcomed by several groups such as the farmers where unskilled workers are suitable. However, for the rest of the economy, semi-skilled and skilled labour as well as the brainiacs are needed. We have two options;

1. Pay more to current employees to hopefully stop them from switching jobs. This will have a big effect on a whole range of things such as inflation rates, reduced profitability and increasing the likelyhood of exporting sections of companies to lower wage rate regions of the world such as India or even European countries.
2. Allow more people to work in Australia under temporary work visas and make it easier for companies to employ foreign workers. This increases the international experience of our local companies, removes a bit of pressure on interest rates as well as improves the productivity and profitability of Australian companies. Remember, profitable companies pay taxes and foreign workers pay taxes.

It is quite a no brainer of which is best for the country. However, number one is an election winner because that's what people want to hear. We still have this phobia of foreign workers coming in to take our jobs. At 4.2% unemployment, there is enough work for everyone.