There has been a tendency by some economists, as well as political leaders, to dismiss Australia’s diminished productivity performance as simply part of a secular global phenomenon.What this ignores is that those other industrial countries that have also done poorly share with us policy features that help explain it. These include more highly regulated labour markets and sharply rising (renewable) energy costs.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
IR and energy are the living standards elephants in the room
Dismissing Australia’s economic slide as a global trend ignores the self-inflicted damage from labor regulation and soaring energy costs.
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