Australia's "service economy" and the future

The COVID-19 pandemic has revealed a lot of unfortunate realities about the state of Australia’s domestic economy in 2020.

Now that we are all interested in "buying local" to boost the local economy the search is on to find goods that are actually produced locally in Australia from 100% Australian ingredients.

Good luck with that!

Australia is now a "service economy" and has been for quite some time. Manufacturing in Australia peaked in the 1960s at 25% of GDP, and has since dropped below…

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