Climate policies mainly. Even Marxist economists would argue that Labor's climate policies would lead to an economic drop due to investment in a non-returnable/low investment technology.
But the drop wouldn't be huge as the policies were a little soft.
I fail to see your point here?
Do we have a man made climate problem? 97% of studies say yes. Leading research centers like NASA say yes.
Hence do we need a transition away from fossil fuels? Yes.
Do we have all the answers to cheap, efficient renewable energy now? No.
Has every major transformation in human history come at a considerable cost? Yes.
Did labor hide or lie about this cost? No.
Were technological advancements in human history cheap and efficient from day dot? No.
Simply put it's part of the process to reaching cheaper and more efficient technology. However the investment has to start somewhere.
What are the predicted implications if we dont act? Catastrophic.
Couple this with the higher education spending (from child care to tafe fee reduction/removal), increase cost for businesses of all levels (penalty rates, increased regulation on workers, closing tax loop holes making it more expensive to operate in Australia), just to name a few.
Or we could look at coupling this with not acting on these issues.
The penalty rate cuts I've already addressed previously. Not a single job was created as they stated.
Franking credit where we continue to pay $6 to $8 billion in WELFARE to those that van afford. Completely going against the intention of the creation of superannuation, ie retirement fund vs investment/inheritance fund.
The inability to get out of our deficit problem (doubled in 6 years) and where a projected surplus only happened because there was an unexpected increase in iron ore prices, ie not through actual government policy.
Businesses, cant pay your workers a living wage? Then dont expect your workers to prop up your dream of running a business at the expense of their livelihood.
Want to run a business in this country, then pay your fair share of taxes so the government can pay for
*education - where your workers, from a young age, are taught literacy, numeracy and specialized education that businesses utilise
*hospital and health - where your workers are adequately looked after for businesses to maintain a healthy, efficient worker
*transport - where your workers can get to work with public facilities
It's quite a simple equation compared to the current one - greed. Wage growth is at record lows while profits continue to rise, it also doesnt help when Mathias corman has publicly said they designed their policies to keep wages low (although they dont have that degree of complete control over it)
Don't get me wrong, I'm not saying that Labor's policies are a bad thing. They're needed to balance the economy and protect the environment. I'm just pointing out that there would be some economic fallout. More than Liberals "do nothing" policies
How on earth isnt there economic fall out? The cuts to public services creates inefficiencies and inadequate bandwidth to provide those services. Thereby stressing the users of those services, which is us the people, there by the potential to create stresses out inefficient workers for businesses.
Hell we are, or used to be, a very innovative nation but funding cuts to the CSIRO arent going to help with that.
Theres already economic fallout but in other means. Our infrastructure is not able to cope. Theres going to be a breaking point.
And then not forgetting the economic indicators of a recession hitting us.