Originally published in Arena on April 1, 2019

Australians tend to bring a fair bit of swagger to international comparisons of economic performance. After all, Australia has experienced twenty-eight consecutive years of economic growth without a recession—a record for industrial countries. We are the ‘lucky country’, with one of the highest material living standards in the world, a wealth of natural resources, and a ‘no worries’ ability to withstand global economic shocks.

The Australian policy journal Arena has published a wide-ranging article by Centre for Future Work Director Jim Stanford on the labour market issues at play in the current federal election.

Stanford argues that the sense of “superiority” which typically accompanies economic debates during Australian election campaigns is muted in the current contest, because of the poor performance of the labour market in recent years. Unemployment and especially underemployment remain high; the quality of work has deteriorated; and wages have experienced their weakest performance since the end of the Second World War.

Visit Arena’s website to read the full article.

Between the Lines Newsletter

The biggest stories and the best analysis from the team at the Australia Institute, delivered to your inbox every fortnight.

Sign up

General Enquiries

02 6130 0530

mail@australiainstitute.org.au

Media Enquiries

Luciana Lawe Davies Media Adviser

0457 974 636

luciana@australiainstitute.org.au

RSS Feed

All news