Have The Productivity Nuts and Bolts Bolted?

The elephant in the room of the upcoming dialogue on productivity is that it is mainly performative, despite the weak 0.7% estimate from the RBA as part of yesterday’s rate announcement, and the gap highlighted by recent Treasury data. The latest data on wages and lending also shines a spotlight on the issues we are facing, but despite the obvious solutions which are available, it appears they will be off the table. We should reserve our gas to drive energy prices lower. We should cut migration. We should get corporates to pay their fair share of tax – see the […]