Invisible cuts to the middle class

Official employment data is failing to catch underlying trends that look set to see unemployment rise above 6 per cent in 2013, and middle class ranks wounded.

With the help of Brian Redican of Macquarie Bank today I want to attempt an answer to the question that is troubling a great many Australians: Why is official unemployment around 5.1 per cent when all around middle income Australia we see retrenchments?


SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles