The Albanian government does not want Australians to work harder for less money despite the country’s low productivity.
That’s Treasurer Jim Chalmers’ message before the Productivity Commission – an independent agency that provides research and advice to government – releases its 71 recommendations on Friday.
The report will confirm that Australia is experiencing its lowest level of productivity growth in 60 years, and while the government will commit to more measures in skills, universities, information technology and immigration, there is likely to be a struggle over industrial relations.
Dr Chalmers said the economy ultimately needs to get stronger, and the government is committed to acting.
He said, “We are moving on a number of areas that the Productivity Committee will talk about… This does not mean that we agree with (all) the 71 recommendations put forward today.”
“If we don’t boost our economy, if we don’t make it more productive, we don’t want Australians having to work harder for less money.
“The main reason we want to make our economy stronger and more productive is so that we can raise incomes and raise living standards.
“The best way to do that is to invest in people, to invest in their capabilities and capabilities, but also to fix energy markets and also make sure that we adapt and adopt technology in ways that work for us, not against us.”
In a speech to the Australian Economic Development Commission on Thursday, Dr Chalmers signaled a rethink of the Productivity Commission.
During his speech, he said enabling the committee to “think differently about the data we have” would work better in the work of the care economy, which has averaged zero productivity growth since 2000.
He reiterated his intention on the radio on Friday.
“We’ve already begun a review process through the Treasury Department,” he said.
A number of people who have a view on the future of the Productivity Commission have already been consulted.
“This has happened since I reported it.”
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