There is a tremendous irony that the treasurer has asked the Treasury to come up with ideas ahead of the mid-year economic and fiscal outlook to improve productivity. This comes after four years of enacting a slew of feel-good policies that have overwhelmingly been negative for productivity.
The government even prevented the Productivity Commission from examining tax and industrial relations in its current inquiry into business dynamism ― two areas which undoubtedly contribute to our rising economic malaise ― suggesting the current interest is more performative than substantive.
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