The Albanese authorities doesn’t need Australians working more durable for much less cash regardless of a fall within the nation’s productiveness.
That’s the message from Treasurer Jim Chalmers forward of the Productivity Commission – an unbiased company that gives analysis and recommendation to the federal government – releasing its 71 suggestions on Friday.
The report will verify Australia is experiencing its lowest productiveness development stage in 60 years, and whereas the federal government will decide to additional motion in abilities, universities, data know-how and migration, there may be more likely to be a battle over industrial relations.
Dr Chalmers mentioned in the end the economic system wanted to be stronger, and the federal government was dedicated to appearing.
“We’re moving in a number of areas the Productivity Commission will be talking about … That doesn’t mean we’ll agree with (all) 71 recommendations put forwards today,” he mentioned.
“If we don’t strengthen our economy, if we don’t make it more productive, we don’t want Australians to have to work harder for less money.
“The primary reason we want to make our economy stronger and more productive is so that we can lift incomes and lift living standards.
“The best way to do that is to invest in people, invest in their abilities and their capacity, but also to fix the energy markets and also make sure that we are adapting and adopting technology in ways that work for us, not against us.”
In a speech to the Committee for Economic Development of Australia on Thursday, Dr Chalmers flagged a rethink of the Productivity Commission.
During his speech, he mentioned empowering the fee to “think about the data we have differently” would higher issue within the work of the care economic system, which has averaged zero productiveness development since 2000.
He reiterated his intention on radio on Friday.
“We have already begun via the Treasury a review process,” he mentioned.
“It’s already been consulting with a number of people who have a view about the future of the Productivity Commission.
“That’s been happening since I flagged it.”
Source: www.perthnow.com.au
