The country lacks innovation and industrial development, with a federal R&D budget that is less than half of Amazon's R&D expenditure. The education system is heavily commercialized, primarily targeting international students. The prevailing encouragement is to invest in and accumulate property, leading to a situation where the younger generation often settles for low-skilled service jobs just to afford their mortgage payments.
The economic challenges facing Australia are caused by several key issues: 1. Lack of effective policies to attract investment from overseas companies and develop Australia into an international financial centre: For example, the failure to implement competitive tax incentives prevents foreign companies from doing business in Australia. 2. Uncompetitive high tax rates: Australia’s corporate and personal income tax rates are much higher than many other countries, such as Singapore. This high tax burden discourages businesses and high-income professionals, causing many to relocate to countries with lower tax rates. 3. Poor planning for housing and population growth: Inadequate planning for housing and population growth has led to significant increases in the cost of living. A lack of affordable housing options, and government increases in land taxes and council rates have pushed up house prices and rent, making it difficult for many Australians to find affordable housing. 4. The use of public funds is inefficient, resulting in serious waste of public funds in some cases.
Young Australian love spending time in Europe. Many young Australian can work until 30 there. This is the reason they go. They work and travel around Europe.
all the reasons mentioned in the video are true worldwide: South Korea, Japan, USA, Germany.... costs are too high, salaries stagnating. Where are those Australians go to, Mars?
where are those young Australians heading to? The cost of living is everywhere an issue. The salaries in AZ are about 30% higher than in EU Western countries.
If they are going to Europe they move to Poland, Germany, Ireland, Spain, Greece, Italy, Serbia. If going to Asia Indonesia, Malaysia, Singapore , Taiwan, PNG, Fiji, Vanuatu.
@@Techtuyi I am from europe. Sorry but we have same problems here :D No point to run from problems to find them many miles away.No point to move to a country where language is hell (all countries in europe).
Everyone wants to migrate to Australia. It's the government that chose to increase / maintain the number of visas. If you discontinue Visas for Asians, people from other parts of the world will still migrate to Australia. You pinning the blame on one demographic group makes no sense.
The country lacks innovation and industrial development, with a federal R&D budget that is less than half of Amazon's R&D expenditure. The education system is heavily commercialized, primarily targeting international students. The prevailing encouragement is to invest in and accumulate property, leading to a situation where the younger generation often settles for low-skilled service jobs just to afford their mortgage payments.
First left in 2000 ish. Escaped again in 2016. This is dead on
The economic challenges facing Australia are caused by several key issues:
1. Lack of effective policies to attract investment from overseas companies and develop Australia into an international financial centre: For example, the failure to implement competitive tax incentives prevents foreign companies from doing business in Australia.
2. Uncompetitive high tax rates: Australia’s corporate and personal income tax rates are much higher than many other countries, such as Singapore. This high tax burden discourages businesses and high-income professionals, causing many to relocate to countries with lower tax rates.
3. Poor planning for housing and population growth: Inadequate planning for housing and population growth has led to significant increases in the cost of living. A lack of affordable housing options, and government increases in land taxes and council rates have pushed up house prices and rent, making it difficult for many Australians to find affordable housing.
4. The use of public funds is inefficient, resulting in serious waste of public funds in some cases.
Young Australian love spending time in Europe. Many young Australian can work until 30 there. This is the reason they go. They work and travel around Europe.
all the reasons mentioned in the video are true worldwide: South Korea, Japan, USA, Germany.... costs are too high, salaries stagnating. Where are those Australians go to, Mars?
where are those young Australians heading to? The cost of living is everywhere an issue. The salaries in AZ are about 30% higher than in EU Western countries.
If they are going to Europe they move to Poland, Germany, Ireland, Spain, Greece, Italy, Serbia. If going to Asia Indonesia, Malaysia, Singapore , Taiwan, PNG, Fiji, Vanuatu.
@@Techtuyi I am from europe. Sorry but we have same problems here :D No point to run from problems to find them many miles away.No point to move to a country where language is hell (all countries in europe).
A self-inflicted crises sees affordable Aussie suburbs avoided. Cry me a river
They have not consumed enough vegemite!
Because they don’t want to repay their university government loans 😊
I'm the only one in my extended family not following everyone else to Australia!
spiders🕷 .... lots of spiders🕷🕸🕷. understandable that they want to leave as soon as possible
The Chinese living and immigrant to leave not australian bro 😛😛😛
Too many Asians going to Australia, increasing the demand for housing and goods driving up costs.
Everyone wants to migrate to Australia.
It's the government that chose to increase / maintain the number of visas.
If you discontinue Visas for Asians, people from other parts of the world will still migrate to Australia. You pinning the blame on one demographic group makes no sense.
Too many refugees and Arabs.
We are making Australia vishwaguru
people love jisus will live Australia .
Retirement planning in Australia? Chances are your money will be taken in fees.