The boom in government-funded jobs in care and bureaucracy is dragging down labour productivity the Department of Employment has warned the Albanese government, in frank advice before Treasurer Jim Chalmers’ economic roundtable.
Four in five jobs created in the past two years have been in the non-market sector, which are occupations in industries heavily influenced by government spending and regulation.
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John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s first election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com
Paul Karp is The Australian Financial Review’s NSW political correspondent.
