Fixing inflation isn't hard. Returning to healthy growth is - Sydney Morning Herald
8/6/2022 12:00:00 AM2 years 8 months ago
by Ross Gittins
by Ross Gittins
For the Australian economy to escape the low-growth trap, businesses will need to not only employ more workers but also pay them a better wage.
See how we were caught in a low-growth trap? Weak growth leads to low business investment, which leads to little productivity improvement, which leads to more weak growth. During the Dreadful Decade… [+4753 chars]
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