Mate, wages and productivity were stagnant for a whole decade...

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kellbys

14,138 Posts.

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14/06/24

12:40

Post #: 74315531
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Originally posted by daicosisgod: ↑

310843B,
your points above are backed up by reasearch by ANZ Bank. Here are a couple of snippets from its review.

Nearly three in four jobs created in the six months to February have been in government-dominated industries such as healthcare, education and public administration, underpinning the nation’s surprisingly resilient labour market but dragging on productivity growth.

While employment gains in recent months have become increasingly driven by taxpayer-funded roles, these three sectors accounted for 42 per cent of job creation over the two years to February, despite representing 31 per cent of total employment.

Economists and policymakers have decried the stagnant productivity growth since the pandemic ended but that flat overall picture obscured the fact that output per hour worked in the private sector over that period has lifted by 2.8 per cent, as revealed in last week’s national accounts, suggesting that hard-to-measure productivity in the public sector has gone backwards and that more needs to be done to improve output per worker among government employees.

The logical conclusion is that federal and state governments are pumping up employment numbers with unproductive jobs.......a recipe for economic disaster as has happened in Victoria under the incompetent former premier Andrews.

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Mate, wages and productivity were stagnant for a whole decade under the incompetent LNP...
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First 31 Last

Mate, wages and productivity were stagnant for a whole decade...

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Mate, wages and productivity were stagnant for a whole decade...

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