ACOSS Media Release
ACOSS is disappointed by the Reserve Bank of Australia’s decision to leave interest rates on hold, as people with the least continue to suffer.
“Today’s decision fails to confront the reality of rising unemployment,” CEO of ACOSS Dr Cassandra Goldie said.
“With underlying inflation inside the RBA’s target, there’s no case to hold rates at punishingly high levels.
“The economic risk now lies with jobs, with unemployment having risen by 50,000 people just this calendar year.
“Since unemployment began to rise from 3.4% in mid 2022, a total of 140,000 people have become unemployed. ABS figures show there are currently two people looking for paid work for each vacancy, the worst ratio since 2021.”
ACOSS maintains that interest rate cuts, while welcome, are not enough to resolve the ongoing living standards crisis.
“The government must step up with targeted support for those doing it toughest, including by increasing social security payments such as JobSeeker and fixing the punitive employment services system,” Dr Goldie said.
“We also need increased investment in social housing and energy efficiency programs to bring down energy bills.”
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Why are you disappointed?Our governments are run by neoliberalism, despite their mouthings of concern for the hoi poloi.Nothing is going to change until the Duopoly are given the arse.
Vote the pathetic bullshit artists out..at every opportunity.
We have a pathetic excuse for a ‘Labor” government, and, unfortunately, they are only marginally better than the rabble opposition.
Albo & Co are just full of shit.Not to mention gutless.
Like our cousins across the Pacific Ocean, we are really dumbstruck when it comes to understanding what’s in our best interests as a society, we are failing badly all round.
For those who are politically awake and aware of the surrounding environment, one can surf the waves as best you can to reach your destination.
You never know what might be discovered along the way and healthy reefs are alive on the ocean side, those closer to the shore are quite subdued.
Bullock is a massive Libtard and will do anything in her power to cause harm to the Labor government. As we saw when Labor overthrew Morriscum they started putting interest rates up and just kept going. Now despite literally the entire rest of the world and financial systems saying rates should be dropping this grub is finding any and every excuse to not do it.
There needs to be some way that Labor can sack this Lieberal sycophant and appoint someone bipartisan to the position.