ECONOMICS: Victims of the “new economy”*

Bob Browning looks at the rising gap between the “doing-nicely thank-yous” and the “left behinds”.F or many people, Harvey Norman’s warning was just another sign of the times – further evidence that the new economy is fast distancing the doing-nicely-thankyous from the left-behinds.The price-cutting mass retailer warned that few if any household consumer durables would escape price rises. Even the minuscule proportion of goods still manufactured in Australia would become more expensive due to p…

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