The year started out with big news.
The Government announced it would introduce a national park, a tourism incentive and a tax break for the entertainment industry.
These announcements came amid widespread concern about the increasing use of amusement parks in Australia.
“A lot of Australians think that we’ve gone to the point of no return and it’s time for us to step back and see what’s really going on,” Opposition Leader Bill Shorten said.
The Opposition Leader is correct that Australians are losing faith in the economic benefits of amusement.
However, this is not an issue of economics.
A recent poll by the National Centre for Public Policy Research found that 56 per cent of people said they were “not sure” if they would visit an amusement park in the future.
“That’s a huge amount of people who think there’s not enough economic opportunity and that we’re just going to have to keep going the same way,” Professor David Cairns said.
That’s a sentiment shared by the owners of major amusement parks.
“We are in a global economy,” Andrew Smith, the owner of the Sydney Opera House and the Sydney Olympic Park, said.
We’re the ones that are taking a big hit.” “
I think people are just tired of it.
We’re the ones that are taking a big hit.”
One of the reasons for the increasing number of people leaving Australia is the cost of living.
While Australia’s economy grew for more than two decades between 1997 and 2016, the cost to the taxpayer of living has continued to rise.
In the first nine months of 2017, the average annual income per head of workers in the public sector rose by 5 per cent, the largest annual increase since 1995, according to the Bureau of Statistics.
For the working poor, this means a $50,000 increase in income.
While the cost is high, the government should not be blaming the workers for this.
The real issue, says Professor Cairn, is that people have become so used to having to pay for the “fun” that they feel comfortable ignoring the real costs of running a business.
“They are going to say to themselves: ‘Oh, I’ll just keep going because that’s what the business is, that’s how the business operates’,” he said.
This is exactly what happened in 2016.
“It’s a very good business model.
It’s going to work,” Mr Smith said.
Australia’s biggest entertainment companies are investing in the country’s entertainment infrastructure.
As the popularity of entertainment grows, so too does the need for a high-end entertainment facility.
Australia is a nation of great art galleries, theatre and museums.
But when the price of the tickets for those arts and cultural activities rises, so does the demand for entertainment in those venues.
The result is that Australians have become more and more used to the “costs of entertainment”.
“We don’t even think about the money spent on that,” Mr Cairs said.
He says Australians are now more likely to have “a little bit of fun” with their entertainment, which can lead to an increase in demand for the same kind of entertainment in the same venues.
“People are spending more money and more of their money is going towards entertainment,” Professor Cairs said.