Australia's 'jobs and growth' strategy: pathway to a low productivity economy

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Permanent URL for this page: http://hdl.voced.edu.au/10707/528716.

Author: Birrell, Bob; McCloskey, David

Abstract:

Growth in the Australian economy, in consumer expenditure and wages has slowed sharply, along with growth in labour productivity, that is, output per hour worked. This report analyses these developments. It shows that Australia's current economic growth is almost entirely attributable to increases in hours worked. The report argues that surging low-skilled migration is undermining wage growth and creating a low-productivity economy. The conclusion is that while the 'jobs and growth' strategy prevails Australia will be stuck on a low productivity pathway, dependent for its economic growth...  [+] Show more

Subjects: Policy; Labour market; Performance; Economics

Keywords: Policy analysis; Critical analysis; Productivity; Labour supply; Economic growth

Geographic subjects: Australia; Oceania

Published: Melbourne, Victoria: Australian Population Research Institute, 2019

Physical description: iv, 32 p.

Access item:

http://tapri.org.au/wp-content/uploads/2019/11/Jobs-and-growth-final-Nov-25.pdf

Resource type: Report

Call number: TD/TNC 139.257

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