Prime Minister’s jobs target and the forgotten people

Prime Minister Abbott’s target of creating one million new jobs within five years is unrealistic unless artificial barriers to workers and employers agreeing mutually satisfactory wages are removed.

If September 2013 is taken as the start date for the creation of the one million new positions, then to meet the September 2018 deadline an 8.7% increase in employment will be required, a 1.7% annual average, almost double the current annual growth (to April 2014) of just 0.9%.

In addition the one million jobs target will not keep pace with the growth in the working age population and more will be required than the trade and deregulation stimulus on which the target is based. Read more