Where is productivity in all of this? Where, and why, is the Productivity Commission hiding? There has been a suggestion that the Commission is as one with the Socialist government.

"Can policy aim for sustainable real per capita incomes?"

Well, it could, Geoff. But Woke Albanese has ruled in, the second-highest rate of population growth, among all the wealthy nations, near on 2%. Which rather rules out, sustainable real per-capita incomes. Automatically, these will continue to stagnate or fall, just like the past decade.

According to the May federal budget, Australia’s population will grow by an unprecedented 2.18 million people over the next five years, equal to the population of Perth.

Good for business. Good for tax gathering. Good for lazy politicians. No so going for ordinary Australians because they must compete harder for housing and jobs with new immigrants, while infrastructure, services, and the natural environment are overburdened.

ttbn

You vote for them..it’s as much your own fault . Fess-up!

Dan

You don't know who I vote for. But I can tell you it is none of the parties responsible for the mess Australia is in.

Ttbn

Ok then…well, how does your favourite collection of criminals dodge the bullet of responsibility ?

Policy guard rails? Well, we need to address inflation at the root cause. first and foremost. Otherwise, all else is as pointless as pissing in the wind! The root cause of all current inflation and completely missed by the obfuscating author is entirely bound up in the current prohibitive cost of energy. No ifs, buts or maybes.

And the only viable solution is to transfer ASAP to homegrown nuclear energy. And must be owned and operated by Australians. As government funded and facilitated Ozzie energy co-ops!

Doing what you've always done and expecting a different outcome is insanity. And what we've always done is sell out to price gouging, tax avoiding profit repatriating, debt laden foreign investors, who invariably charge what the market will bear.

Even if that kills the economy and real disposable income! The nuclear option I'm talking about is, you guessed it, is thorium and energy prices as low as 3 cents or less PKWH! And too easy!

You want production gains then you need to provide ultra-affordable and reliable industrial energy! Not the verbose pollywaffle of the recalcitrant author. Cant died in a cornfield over a century ago.
Alan B.

The one & only hurdle in Economics is remuneration imbalance !