So-called ‘reform’ is working against the productivity objective
The government’s (self-)celebrated productivity agenda is mainly a spending agenda, indeed a spending more agenda. It is not one that involves the kind of regulatory reforms that are needed.
Gary BanksFounding chair of the Productivity Commission
As the Productivity Commission keeps reminding us, productivity growth has accounted for at least 80 per cent of the increase in per capita income in Australia since mid last century. It will need to be the main determinant of future living standards as well.
That productivity has essentially gone nowhere for much of this new century has become a matter of general concern, if not consternation.
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Gary Banks is a former chairman of the Productivity Commission and Dean of the Australia New Zealand School of Government.
