A short peek at historical evidence which show that pointing the finger at #Boomers is nothing but an echo of today’s anger and frustration at the growing rise in #WealthInequity since the early 80s:
“The 1970s: Boomers enter the labour market
In the 1970s the unemployment rate quickly doubled as the huge Baby Boomer generation (born 1946-63) entered the workforce. This surge in labour supply increased competition for jobs, drove down wages, and the unemployment rate saw post war highs. The macroeconomic environment was tough too. Global oil shocks and ensuing stagflation meant that economies around the world were hit by rising costs and slower growth.
Geopolitical uncertainty and shifts in industrial policy further muddied the waters. The result was a labour market that was no longer able to keep pace with the surging numbers of job seekers – a trend that set the stage for economic restructuring in the years to follow.” (Source: https://www.indailysa.com.au/news/opinion/2025/03/31/stats-guy-australia-since-1966 )
I have lived experience of those high unemployment and economic shock years. Not pleasant memories.
#AusPol #EatTheRIch #TaxReform #JoinYourUnion #Unionism
#Antifa #RedistributeWealthNow #TaxTheRich #GasProfitTaxNow


