Innovation at the Workplace: Unemployment in Australia

The Alfred Deakin Innovation Lectures 2005:

Our real unemployment rate is not a tick over 5%, contrary to what you’ve been breathlessly told by the government and the media, because the numbers are a fraud. If you add up the total of unemployment, disability and sole-parent benefits together, there are more people now than when the official unemployment rate was much higher. This, despite a decade of boom. It works like this: We used to have about a million unemployed and about 100,000 disability pensions. Now we’ve got half a million unemployed and 600,000 disability pensions. We’ve just rearranged the deckchairs, and declared victory. That’s why we still have one in six children growing up in a jobless household. If you doubt that, let me take you for a drive forty-five minutes from here. The truth is we have about two million people who have less work than they want.

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