Australian productivity ‘completely hopeless’ after years of ‘lazy’ economic policy
Description: AFR Political Editor Phil Coorey says governments have had a “lazy” approach to economic growth over the last 30 years.
“They’ve relied on population growth to grow the economy and not much else,” Mr Coorey told News24.
“Our productivity is completely hopeless.
“So maybe government’s just got to get a bit smarter and do more with fewer people coming in because you will end up at this sort of crunch point like we’re seeing now.
“We don’t have uncontrolled migration like Europe, but people feel it’s uncontrolled and that’s a problem, and it needs to be addressed.” Close description
“They’ve relied on population growth to grow the economy and not much else,” Mr Coorey told News24.
“Our productivity is completely hopeless.
“So maybe government’s just got to get a bit smarter and do more with fewer people coming in because you will end up at this sort of crunch point like we’re seeing now.
“We don’t have uncontrolled migration like Europe, but people feel it’s uncontrolled and that’s a problem, and it needs to be addressed.” Close description
