<iframe src="//www.googletagmanager.com/ns.html?id=GTM-K3L4M3" height="0" width="0" style="display:none;visibility:hidden">

Flat White

Labor cannot escape blame for economic woes

17 November 2023

12:36 AM

17 November 2023

12:36 AM

The Australian Financial Review’s Michael Read demonstrated how Australia experienced a sharp reduction in living standards during the third quarter of 2023, an outcome not seen within the OECD as a whole.

Productivity is the key to income levels and it has been falling in Australia. Real output per hour worked, following a brief post-lockdown recovery (the red line below) on the latest data (the June quarter of 2023), was over 7 per cent below the average level at the March quarter of 2022.

Already a subscriber? Log in

Subscribe for just $2 a week

Try a month of The Spectator Australia absolutely free and without commitment. Not only that but – if you choose to continue – you’ll pay just $2 a week for your first year.

  • Unlimited access to spectator.com.au and app
  • The weekly edition on the Spectator Australia app
  • Spectator podcasts and newsletters
  • Full access to spectator.co.uk

Unlock this article



Don't miss out

Join the conversation with other Spectator Australia readers. Subscribe to leave a comment.

Already a subscriber? Log in