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Gary Banks

Albanese and Chalmers are gaslighting voters on lifting living standards

Recent declines in productivity and average incomes demonstrate that the Albanese government’s reform rhetoric has not been matched by its policy conduct.

In a major speech on the eve of the last election, Anthony Albanese said: “Australia must lift the country’s productivity, for as the economist Paul Krugman once famously said, ‘productivity isn’t everything, but in the long run it is almost everything’. … The economic reforms I am taking to this election will grow the national income and lift productivity.”

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Gary Banks is a former chairman of the Productivity Commission and Dean of the Australia New Zealand School of Government.

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    Original URL: https://www.afr.com/politics/federal/albanese-and-chalmers-are-gaslighting-us-on-lifting-living-standards-20250428-p5luqk