Where will the tens of thousands of new migrant construction workers we need live while they build our new houses?
”, March 24), I suggest the education department sell the idea to school students quickly instead of telling them they must go to university and need an ATAR of 99 to do so. If we change this thinking, then we don’t need to bring in so many others to do the job. It might also bring down mental health issues, especially stress around the HSC.
However, there is an unfortunate reality lurking behind this apparent improved fortune. A high rate of inflation, which is primarily responsible for the high interest rates, effectively erodes the value of the invested capital invariably by more than the interest rate received. Secondly, most savers will be taxed on the interest received at their top marginal rate.
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