Where did the PC’s “growth mindset” go?

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This is right, but for the wrong reason.

Former Liberal treasurer Peter Costello has accused the Productivity Commission of failing to use its statutory independence to tell “inconvenient truths” to the Albanese government about the causes of the nation’s waning productivity, declaring the agency had become “politically correct”.

Blaming the “arcane” award system for a raft of big employers underpaying workers, Mr Costello is questioning why participants at the government’s recent productivity reform roundtable did not raise the impact of workplace relations policy on productivity.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.