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Speaker 1: In America at the moment. So there's a lot of

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Speaker 1: talk about the K, the K shaped economy. Right. Car

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Speaker 1: dealers are seeing it. If you've got a good, safe job,

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Speaker 1: good income, you're in the markets, investing in AI before

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Speaker 1: it all pops. Of course, you're feeling good. You're up. Yeah,

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Speaker 1: you're up. Well, you're the up part of the K.

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Speaker 1: So you're buying a flash new car with carbon ad

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Speaker 1: ons and all that sort of stuff. Now, if you've

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Speaker 1: been laid off or about to be by a robot,

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Speaker 1: you hate II AI are because you never ended enough

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Speaker 1: to buy any stock in the first place, and your

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Speaker 1: snap payment hasn't come through because of the shutdown. You're

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Speaker 1: holding onto your car, not to mention sweating making ends meet.

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Speaker 1: You're the downward part of the K. You see what

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Speaker 1: I'm saying here. So it looks like we may have

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Speaker 1: a similar story here in this country. Because the recruiters,

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Speaker 1: Robert Walters are already warning of the increased cost of

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Speaker 1: labor in the recovery. Our recovery are because people with

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Speaker 1: the skills that are going to be in demand, they

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Speaker 1: can charge more. Why because we're short of them, Why

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Speaker 1: because the others in Australia. So in ideal times, as

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Speaker 1: an economy recovers, you hoover up those who have lost

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Speaker 1: their jobs when the times were tight. So this time,

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Speaker 1: anyone who is marketable left the country, and what we have, sadly,

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Speaker 1: are a group of people who, it would appear or

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Speaker 1: not available to take part as growth returns. I mean, yes,

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Speaker 1: there are plenty of unemployed five point three percent, not

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Speaker 1: to mention a growing number of the so called underutilized.

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Speaker 1: But as far as skills go, that's where we have

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Speaker 1: an issue. Not everywhere and not everyone, of course, but

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Speaker 1: it is becoming increasingly obvious that there are too many underskilled,

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Speaker 1: underqualified people in this country. And that is, sadly what

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Speaker 1: eventuates when you have a system that spits kids out

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Speaker 1: at fifteen or sixteen or seventeen without a pathway to success.

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Speaker 1: When times are good, any number of people get swept

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Speaker 1: up for bits and pieces type jobs. Lots of employers

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Speaker 1: can afford to fork out on those sort of jobs,

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Speaker 1: but they're the first to go, of course, and when

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Speaker 1: the rest of the talent bails, the ones without the

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Speaker 1: skills aren't the ones to fill the growth areas. Hence

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Speaker 1: we will once again rely on imported labor, which this

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Speaker 1: time around may or may not be available to us,

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Speaker 1: depending on whether they still see us as a cool

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Speaker 1: place to be. If they don't, numbers would suggest they aren't.

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Speaker 1: That weighs on recovery and the speed of which we

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Speaker 1: pick up. Robert Walter seems to suggest this is going

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Speaker 1: to be an issue, but for those who stayed, and

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Speaker 1: if you've got the skills, you'll be in a new

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Speaker 1: car before you know it. For more from The Mic

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Speaker 1: Asking Breakfast, listen live to News Talks at B from

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Speaker 1: six am weekdays, or follow the podcast on iHeartRadio.