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Flat White

Australia’s worker shortage crisis: a handbrake on economic growth

5 October 2023

4:00 AM

5 October 2023

4:00 AM

It has become clear since the release of the federal government’s much-touted Employment White Paper that there is no comprehensive plan to properly achieve ‘full employment’ or resolve Australia’s entrenched worker shortage crisis.

Australia has been experiencing a worker shortage crisis for over two years – with job vacancies being above 350,000 since May 2021.

Economic analysis by the Institute of Public Affairs found this level of job vacancies is costing Australians $32 billion in foregone wages, and the federal government $7 billion in foregone income tax every year.

The White Paper devotes significant space to explaining how it will incentivise Australians to...

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