The Australian’s Judith Sloan has challenged Treasurer Jim Chalmers’ claim that the federal government has “made a lot of progress together in our first term making our economy more productive, dynamic, and resilient”.
Sloan noted that labour productivity is at 2016 levels and business investment’s share of the economy is similar to that of the early 1990s recession. The ‘care economy’ has also grown at a faster pace than the economy in recent years, the ‘green energy’ transition is driving up energy costs, while the nation is facing years of budget deficits.
She believes the productivity roundtable will give the appearance that the government is taking action, while it will fail to achieve any meaningful boost to productivity.
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