A local economics podcast gave me an interesting point, which was that post covid Australia had one of the better unemployment rates, and it 100% came down to government funding jobs in the care sector. Now I do understand some of those aged/disability care programs got ripped off (like NDIS), but the guests claimed that countries relying on private sector jobs to bounce back basically have worse numbers. Food for thought in the role of government intervention in markets
A local economics podcast gave me an interesting point, which was that post covid Australia had one of the better unemployment rates, and it 100% came down to government funding jobs in the care sector. Now I do understand some of those aged/disability care programs got ripped off (like NDIS), but the guests claimed that countries relying on private sector jobs to bounce back basically have worse numbers. Food for thought in the role of government intervention in markets