A graduate engineer at the top companies was making $65-70k in 2012 and now it’s $70-75k meanwhile houses prices are up 150%, eggs are up 180%.. why bother studying one of the hardest degrees and getting educated

Current drivers of the economy

When the next recession hits, the printing and resultant inflation will be significantly larger than this cycle.

“Australia is a housing Ponzi scheme masked as a serious economy exporting education and financial services”

Many smart young people I know are considering moving to Singapore, Dubai etc Low to no taxes, helpers at home for $10k a year. Cheap housing, food, travel relative to income. Clean and safe cities. Life well lived they say.

Norway exports $100bn in commodities a year with 5m people. Australia exports $450bn per year with 28m people. Norway has a A$2.5 TRILLION wealth fund which is $500k per citizen Australia has $250bn sovereign wealth fund which is $9k per citizen.

Most doctors visits are a waste. Most medicine just hides symptoms until your body naturally recovers. Just coping mechanisms, not actually solution solvers. Which is why everyone is sicker and sicker today. No one is solving underlying health problems or issues.

When you pay people high salaries, they become more dependent on that salary. Lifestyle creep always creeps in. This stops them from being able to leave the firm / take risk in more entrepreneurial roles. The golden handcuffs are real. Prevent lifestyle inflation.

Unemployment has become structurally lower and female participation rate is becoming structurally higher due to: 1. Labour has never been cheaper. It continues to capture a lower share of GDP 2. Families are forced to have both working in order to sustain themselves financially

Paying for talent is the cheapest way to accelerate growth in your business. It often only costs 20-40% more but the value delivered from the top tier employees can be 2-4x the average person. They are just incredibly efficient, especially when given rope to run.

Tax code complexity is one of the largest drags on productivity. We need to simplify, especially for small to medium businesses. It shouldn't take 75k pages to work out what you owe.