Cost of Living? We Should Be More Concerned About Something Else (2026)

The cost of living is a pervasive concern for Australians, but the author argues that this preoccupation is a sign of the country's overall well-being. The focus on rising prices overlooks the positive economic indicators, such as low unemployment rates and steady wage growth. The author suggests that the real issues lie elsewhere, particularly in the political landscape.

The Liberal Party's struggles and the resurgence of Pauline Hanson's One Nation are significant developments. The author attributes the shift in voter support to One Nation to a broader trend of disenchantment with the major parties. This trend is further evidenced by the rise of independent candidates and smaller parties, posing a greater threat to the Liberals than to Labor.

Labor's dominance in federal and state politics is expected to continue, with the government's handling of the fuel crisis being a key test. The author predicts that voters may turn against Anthony Albanese in 2028, but this would be an unusual reaction to the current situation. The author also highlights the challenge faced by the Liberals, who have lost their traditional stronghold in the sensible centre to Labor.

The author argues that Labor's competent governance and minimal policy changes have positioned it as the 'natural party of government'. This shift has left the Liberals struggling to differentiate themselves, with their traditional arguments becoming less persuasive. The author suggests that the Liberals' only options are to adopt extreme positions, such as climate change denial or opposition to immigration, which would further alienate them from the electorate.

In conclusion, the author believes that the real concerns in Australian politics are not the cost of living but the political dynamics and the shift in voter preferences. The rise of One Nation and the move of better-educated voters away from the Liberals are significant trends that will shape the country's future.

Cost of Living? We Should Be More Concerned About Something Else (2026)
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