We can't have 'high productivity' without high rents AND high wages. That is why businesses are cost-cutting and implementing automation. The solution to the RBA's 'problem' would be a recession, i.e. paycuts and unemployment - back to square one. However, there is no way they are going to raise the interest rates to create such an environment. A bout of stagflation would probably force their hand. The market is not predicting/pricing that in, though.
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We can't have 'high productivity' without high rents AND high...
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