Employment and Productivity

Saturday’s Australian contained two important articles from David Uren and Adam Creighton (Kevin Rudd Revives Failed Productivity Pledge) and Judith Sloan (Job Creation No Government Miracle).

These pieces address the message the HRN Society is trying to get across, namely, how  under the present government productivity and employment growth has been lower than under the previous government even though the economy has been growing at or around trend. In particular, the Sloan article draws attention not only to these points but to the fact that the work force (those who are officially employed or unemployed) has been growing slower than the proportion of those of working age (15-64). This means that people (particularly low skilled) have been dropping out of the work force altogether – too hard to get a job so let’s retire or live on welfare. Read more