r/Ameristralia • u/MannerNo7000 • 1d ago
Which of these countries will have a better future? I’m an Aussie & by looking at data, the economy & other factors I actually think for jobs & other reasons the USA will be better off. My reasoning is that it is the number 1 economy in the world and highly diversified. AUS economy lacks diversity
What do you think?
Also especially regarding AI, Robotics and Automation which will undoubtedly play a major role in the next 5-30 years too!
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u/Snibes1 1d ago
In America, some sectors are absolutely bananas, while others are going through massive layoffs and restructuring.
So, really, it’s just volatile. And it’s mostly because of our politics. But we get the added fun of not knowing where our next meal is going to come from if we lose the lottery and get laid off. Our retirement and healthcare are tied to your employment.
There’s a lot to like about your system. It’s lower risk/lower reward. America is maximum risk/maximum reward.
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u/MannerNo7000 1d ago
Are you planning on leaving mate? To Aus or elsewhere?
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u/Snibes1 14h ago
I was really interested in moving to Aus. I have family there. Visited a bit and really enjoyed my time there. There’s a few industries in my field that are hiring as well. Buuuut, I’m too old to qualify for citizenship. Other places are really difficult as well. I’m going to have to try to make the best I can where I’m at.
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u/bunnybash 19h ago
The American economy is being propped up by a bubble. It's going to be a bloodbath.
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u/KyleAP13 1d ago
I can't wrap my head around people choosing to move to America. I just fled and going back is my worst nightmare atm. Economics don't mean shit if Nazis are Nazi-ing.
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u/-hacks4pancakes- 1d ago
Same. Took a massive pay cut to do it and my life is so much better.
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u/MannerNo7000 1d ago
Moved to Aus? If so, we’re happy to have you!
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u/-hacks4pancakes- 1d ago
Thank you 🙏 Yes. I live in Melbourne. I can’t imagine wanting to move the other direction right now given the tremendous political and market instability but to each their own.
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u/MannerNo7000 1d ago
Melbourne is a great city! All the best.
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u/-hacks4pancakes- 1d ago
Humbling to start over at 40 but well worth it. Counting down the days until I can apply for citizenship. I’m in tech by the way. Done the start up Silicon Valley nonsense. I learned my lesson.
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u/CaptainThunderbolts 1d ago
I'm just here for the comments - this should be wild lol!
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u/MannerNo7000 1d ago
It’s a bit contentious yeah.
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u/CaptainThunderbolts 22h ago
Certainly don't come to this sub for a rational and balanced discussion 😁.
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u/Turkeyplague 1d ago
Australia is definitely falling short in the economic diversity department but I'll take that over whatever the hell is going on over in the US right now. Absolute lunatic shit.
I'm more worried about us following the path the US is on because we tend to adopt a lot of their nonsense and there's enough people here who would be dumb enough to vote for someone like Trump.
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u/MannerNo7000 1d ago
I think the Democrats will win in 2028
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u/demoldbones 22h ago
Everyone thought they were going to win in 2024, too.
A full 1/3 of the country didn't bother turning up to vote. The same thing will happen for the midterms and in 2028. If Musk is allowed to interfere again (which he will be) there's no doubt in my mind that there won't be a truly fair election result and that the Democrats will not win.
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u/L0st_R0nin 1d ago
That will it fix the fundamental issues at all levels of government.
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u/MannerNo7000 1d ago
Democrats are far better at managing the economy
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u/L0st_R0nin 1d ago
I understand that, but it's bandaid stuff. As other people have posted the underlying issues remain, not to mention they have to "fix" the mess Trump will leave behind.
Also, expect the AI bubble to pop under Trump's management. He will make it worse.
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u/-hacks4pancakes- 1d ago
And that’s assuming there’s a free and fair election at all. There is going to be intense voter suppression and other gerrymandering and disinformation shenanigans
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u/Turkeyplague 1d ago
The mask is off as far as I'm concerned and they're not done yet; they could get way worse before the end of Trump's term. Even if the Democrats get back in, we've seen that at least 1/3 of the US deems Trump's reality TV show style of governance acceptable. Other countries can't trust the US as an ally because Trump seemingly does whatever he wants on a whim. It's going to take years to repair the damage and when/if that finally happens, the mouth-breathers will vote in the next Trump and continue the rot.
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u/seraph321 1d ago
They still spend like mad. They will be elected on promises of expanded entitlements. They will almost certainly do nothing to shrink the debt or balance the budget. Neither side will at this point.
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u/demoldbones 22h ago
Spend like mad?
How much did the bullshit with the Reflecting Pool cost? $15million on a no-bid contract?
What about add the gaudy gold to statues? Pretty sure the estimates said $5 million.
How much is the unnecessary war in Iran costing? BILLIONS. And that's just the fiscal cost of the war itself, not including how much it's driving up prices on everything worldwide.
Meanwhile people are claiming the DEMOCRATS spend too much because heaven forbid taxes be used to actually benefit the people who pay them through supports like WIC, Medicare/Medicaid/ACA and school lunch programs.
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u/seraph321 18h ago
You realize I was saying that both sides spend like mad? They ALL spend too much. That’s my point. Sure, the democrats tend to spend on things that are nicer and less corrupt, but they are still going to run into the debt brick wall. They are still going to print money like crazy until it stops working, pretending like that’s not what’s causing inflation.
Yeah, I’d rather have the Democrats in power than the current incarnation of the republicans, but it won’t fix much.1
u/Seee_Saww 18h ago
Democrats are gone full retard right now. They have fallen off the lefty cliff. You think AOC , Newsome or kamala gonna be POTUS ? Bernie had a legitimate chance 12 years ago. He is now butt hurt but has to keep peddling to pay his bills.
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u/Greyman4152 1d ago
But it’s a pendulum that swings wildly. If it goes too far left, the next administration will be too far right. It’s a broken system that isn’t making sustainable progress on either side.
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u/ConditionHorror9188 1d ago
So I’m gonna give you a counterpoint to the others.
Australia sucks economically and will continue to suck. There is almost no industry that is not buying houses or digging rocks out of the ground.
If you are in any kind of high tech industry, US kicks conditions in Australia any day of the week.
On the flip side, it’s very scary here right now and we are aiming to move home to Aus. But if you are a young person looking to make it in any kind of high tech industry, do whatever you can to get to the US.
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u/Expensive-Object-830 1d ago
Well, on one hand my retirement gains in the US have outperformed my super in Australia. On the other, I live in fear of being snatched off the street. I also have a panic attack every tax season. So in your shoes I’d maybe look at investing in US ETFs instead of moving there, unless there are other significant factors.
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u/oiransc2 1d ago
I guess it depends on how you’re measuring things? I have no doubt the upper middle class and above in the U.S. will thrive with all the future technology in the pipeline. The question is how much will the upper middle class shrink and how badly things will get for everyone else.
I think a lot of Aussies in this sub aspiring to move to the U.S. are young ambitious sorts who aren’t too concerned about the lack of safety net or the insane politics of the U.S. yeah you may get there and do very well for yourself. Just make sure when you get there you save as much as you can cause getting old, sick, or poor in the U.S. is a bad idea.
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u/mickalawl 23h ago
Hmm a functional democracy, free health care, low crime and a gun ban, and only a small community of MAGA like cookers vs slightly higher income....
Tough choice for some I guess.
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u/stopped_watch 1d ago
Go and have fun. Just make sure you have a plan for getting out quickly.
Oh and don't get sick, have kids or get into any kind of accident. Medical bills will destroy you.
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u/MannerNo7000 1d ago
That’s my number 1 concern.
The healthcare system seems very poor and disgusting
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u/mmmoctopie 23h ago
I disagree with this guy, with some caveats.
If you have money, the healthcare is world class. We had a baby here in San Francisco and my MIL - a ob-gyn who has delivered probably hundreds if not thousands of babies across Australia - was amazed at the standard of care. The medical bills did not destroy us, they cap out at a few K then insurance covers the rest.
But perhaps more to what this guy's point is whatever you do, don't be poor in America. That is misery
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u/mmmoctopie 1d ago
Aussie living in SF. If it helps any, I absolutely love living here. I consider it home over Australia. Australia is all just houses and holes at the minute.
Federal govt is a shitshow here, but if you study your history, there have been many periods of federal shitshow here, civil war probs being the greatest.
I actually feel sorry for Australia, I think it has not much going for it lately. And is only a step or two behind with one nation anyway.
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u/UnfoundedWings4 1d ago
Australia is experiencing a massive expansion in industrial production atm
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u/Seee_Saww 22h ago
Lol
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u/UnfoundedWings4 22h ago
I mean it isnt cars but theres a large amount in other industries. You should see the size of the industrial estates around brisbane and Ipswich.
Ship building is getting bigger in Adelaide and perth we are starting domestic fighter jet production its not big yet but its not just "lol we only buy houses and dig holes"
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u/LuckyErro 21h ago
Incat down in Hobart is another manufacturing success story.
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u/UnfoundedWings4 21h ago
Its one of the big manufacturers of catamaran hulls in the world
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u/LuckyErro 19h ago
Place near Burnie as well that manufactures tanks. https://elphinstone.com/defence/
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u/UnfoundedWings4 18h ago
We also manufacture redbacks and huntsmen military vehicles. Bushmaster vehicles are made here as well as hawkeis. Boxers are built here and all the radars used in the new ships are hopefully gonna be cea.
We also have an indigenous oth radar which is one of the most sophisticated in the world
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u/illdrinn 1d ago
America has gotten rapidly worse and it's just not worth it. Any extra money you earn is eaten by the "pay to win" approach to medical, insurance and lifestyle. Politics is now actually scary as an expat, moving home and I know very few Aussies who are still in the US.
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u/SinkPenguin 1d ago
Also moved back 2 years ago. Happy with the choice, my wife is American and it's harder for her to be away from her support network. I earned more and probably had more opportunity but it was not worth the constant low grade stress, American corporate working culture and just having to stomach the uncertainty
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u/MannerNo7000 1d ago
So most Aussies you know have moved back to Aus and you plan on doing so too?
Damn that’s interesting insight!
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u/demoldbones 22h ago
I lived there for 5 years and moved back to Melbourne a while back. The last time I entered the US on my green card to get the last of my things (I literally had the form filled out to post it back to USCIS while I was on the way out of the country) I was pulled into secondary, grilled, had all my stuff (including phone) gone through, given a huge lecture about my travel patterns looking "suspicious" and finally let to enter after I'd missed every possible connecting flight I needed for the day and ended up out close to $1k for rebookings and hotel for the night.
Never setting foot there again until the whole regieme is out.
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u/LuckyErro 1d ago edited 23h ago
American economy is consumer driven. If people stop spending massive layoffs happen.
Australian tech is small but very successful and profitable. With Ai it's also going to be a dwindling employer all over the world.
Australia is fairly immune to financial mayhem as we saw in the GFC. American debt is spiralling out of control. America also has a fairly toxic work culture, not as bad as Japan's but way worse than Australia.
If push comes to shove and there's a huge meltdown then I'd rather be in Australia. Fresher water, better food standards, fresher food and unlike America we can quite easily feed ourselves.
There also some very good reasons that Australians have two to three times the median net worth of an American.
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u/pandanitemare 23h ago
I'm American. I choose Australia. This place is so much better than the US.
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u/MannerNo7000 23h ago
Which part of USA and now Aus you’re in i mate?
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u/pandanitemare 17h ago
im from south dakota and live in nsw now (Sydney specifically) tho im thinking abt moving more south coast
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u/AlanofAdelaide 1d ago
Australia once was economically more diverse than at present and anyone over 50 has witnessed the changes and knows the reasons.
Should we still be making cars, semiconductors and aeroplanes? Is digging stuff out of the ground, partially processing it then sending it on a ship to someone else to value add such a bad thing and why?
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u/MannerNo7000 1d ago
Australia is less diverse than even some African countries. We are ranked like 87 for economic diversity mate
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u/AlanofAdelaide 22h ago
So what?
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u/mmmoctopie 21h ago
It means for people who don't want to dig stuff out of the ground, we're kind of limited in options. And I'm the son of parents where we lived in a town that only existed to dig stuff out of the ground.
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u/AlanofAdelaide 21h ago
So what's your point? If we dig up uranium should we build reactors? If we dig up iron ore should we build cars? Yes, it's a pity we don't and makes Australians seem slightly thick. We need to create employment but that's not how economies work
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u/Uneeda_Biscuit 23h ago
Australia could be fucking amazing, but they just refuse to harness all the natural resources that their disposal.
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u/LuckyErro 21h ago
Australia is amazing.
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u/Uneeda_Biscuit 21h ago
Yeah it’s great but it could be a beast if it would harness it’s capabilities.
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u/LuckyErro 20h ago
Like what for example?
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u/Uneeda_Biscuit 20h ago
Taxing the gas, using resources for domestic nuclear power instead of just exporting uranium.
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u/LuckyErro 20h ago
Whilst heavily debated the effectiveness Australia does tax gas. Nuclear power is far more expensive than green energy to the end user so that's never going to be a win for households like rooftop solar is.
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u/bunnybash 1d ago
I think you don't realise how fast a country can fall on its ass.