For several years – and particularly since the global financial crisis – rapid population growth has helped to keep aggregate economic growth ticking over.Net overseas migration has added to the number of Australia’s of workers, consumers, taxpayers, renters and borrowers. It has boosted demand, plugged labour shortages and helped governments point to an economy that is still growing.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Falling living standards measure the limits of Australia’s population-led growth model
Policymakers have spent too long mistaking a larger economy for a more prosperous one and evaded the more difficult and consequential challenge of lifting productivity.
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