The RBA wants to raise unemployment to fight inflation – but who will that hurt the most?

Young people have taken up a greater share of jobs such as carers and aides, but they may be the first to go if a recession hits. Photograph: Kazuma Seki/Getty Images/iStockphoto

What should we expect to be talking about in this new financial year? It seems likely the debates will be about rising wages, rising unemployment and a recession.

To be honest, the first of these is no great prediction. There is always fearmongering from the usual suspects that wages are rising too fast.