The Inbetweener: are the political parties ignoring our needs as bankers? Are we just lepers to them?
Job Market
If you are anything like me, you are now too averse to turn on the TV because you are sick to death of hearing all the droning about what is going to happen to Australian politics over the next three years. Actually, I shouldn’t even say “next three years” because we may end up having yet another election sooner than we think.
But one thing did strike me as particularly odd during the campaign: neither political party actually discussed their plans for the finance sector in much detail.
No one even breathed a word about regulations, competition, or…helping professionals in our industry who were dramatically affected by the GFC.
So I ask: what about those older Australians who are still struggling to get back to work, or who may need to retrain for roles in another sector? We have upped the retirement age now, so how do these people get back into the workforce?
Is the entire finance sector populated by lepers, which makes it political suicide to even mention us? And if so, will we have to drop the suits and start to wear hideous black leather jackets à la Malcolm Turnbull just to fit back into normal society?
It is a conundrum because although financial services may not be the centre of the universe, it provides a measurable health check for the rest of the economy and it is a means of wealth distribution to other industries.
Of course I get the fact that many still blame those filthy, sleaze-bucket investment bankers for what has happened in the last few years. But is it fair to punish everyone in finance as a result of the behaviour of a number of corrupt people?
There are some genuine cases of people who got caught up in the carnage and need our empathy. I hope that there will be a plan to help them. And I stress again that I think older Australian professionals have become the forgotten ones.
So let me know your thoughts: do you think that discussing bankers during the election campaign would have been an unpopular move by the major political parties? And how do you think the hung parliament will affect the financial sector?
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