Trouble is, there's no growth. Now comes the news saner people will dread.
Employment surge comes at expense of taxpayersRampant growth in public-sector jobs and wages is exacerbating the nation’s debt and deficit woes and stoking concern among business leaders about continued government borrowing to pay wages bills.An analysis of jobs data by The Weekend Australian shows that the rapid expansion in public-sector employment and wages comes as workers in the private sector face increased job insecurity and record-low salary rises.
Most of Australia's current anaemic GDP growth has come from expansion of the public service. Does that sound alarmingly familiar to New Zealanders? Remember how Clark and Cullen fudged the figures? They drove the productive sector into recession but hid that from the public by boosting GDP through expansion of the public service
Welcome to recession, Australia.