Australia world leader in living standards destruction

Via the ABS comes Construction Work.

• Seasonally adjusted work done rose 3.3%.
• Seasonally adjusted work done for the private sector rose 1.4%.
• Value of work commenced rose 13.6% in original terms.
• Trend work done rose 1.1%.

It’s all gubmint.

Mostly transport.

That peaks this year (in theory, cost blowouts mean it won’t).

This is the self-defeating nature of the immigration-led economy. Build like mad to get back to where you were before the new folks came in while pricing out other essential construction like houses.

All the while destroying productivity like it’s going out of style by crowding out your private sector.

Straya: world leader in the destruction of living standards.

Thanks Canberra.