Australia's economic realities won't be addressed in elections

Without tackling deep-seated issues, nation will find it difficult to meet expectations of citizens

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A self-driving dump truck collects iron ore at Rio Tinto's Gudai-darri mine in the Pilbara region of Western Australia on Oct. 19, 2023. © Reuters

Satyajit Das, a former banker, is the author of "Traders, Guns & Money," "Extreme Money" and "A Banquet of Consequences: Reloaded"

Australia is expected to hold federal elections around May. The main economic issue will be the cost of living. Australians enjoy high income (top 10 in household income globally) and wealth (third worldwide), They expect steady improvements in their living standards.

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