Economic Divergence In Australia :: essays research papers

Economic loss in Australia it is an issue that I feel all Australians should be mindful of and deal with, because if the gap is not bridged, then Australias economic prosperity and companionable fabric will be under serious threat. Evidence of this break is seen with the differences in unemployment deems and household income between the urban and rural regions. Australias parsimony has sent inner-city employment levels through the roof - thousands of millionaires created each year by exploding real estate prices in Sydney and Melbourne have helped to feed a bulky retail boom. This, however, goes hardly so far - there is a dark array to our prosperity - Australia is experiencing a wealth divide, and atomic number 18as in the bush and another(prenominal) rural communities are struggling for survival.Evidence may overly be establish in the city, where suburbs a few kilometres apart differentiate enormously in terms of income and unemployment rates. Take the bush, for exa mple, where reliance on a single perseverance and a shortage of services creates a wealth of problems. Not only this, but low prices for key commodities such as wheat and sheepskin is making life very tough for many rural communities crosswise Australia. In terms of unemployment, the number of jobs in rural and mining areas has been on the decline and particularly in the past 15 years. At the other end of the spectrum, outlying suburbs of Sydney and Melbourne still face unemployment rates of above 10% because of the cutting back of employment in traditional industries such as textile, clothing and footwear, and vehicle manufacture. This can plainly be seen in Elizabeth, uniting of Adelaide, where almost one in four of those seeking work are unemployed and the suburb remains heavily dependent on the car industry.In terms of statistics, a huge contrast is evident with the unemployment rate in the Murraylands in South Australia at 11.3%, against the minute 2.9% in the inner-west of Sydney. This is central evidence of the variance between city and bush. The growing chasm may also be seen with the differences in household income, where in an area such as the Wide-Bay Burnett region in Queensland has barely half the household income of inner Sydney. It is predicted that during the neighboring five years, many regions of Australia will struggle to achieve increases of household income of up to $1000, while the global city segments of Melbourne and Sydney can expect increases of between $6000 and $8000, an enormous contrast.