The Treasury says an influx of new workers is the reason behind Australia’s slowing productivity over the past year.
During a recent Budget Estimates hearing, Treasury Secretary Steven Kennedy presented his department’s view on Australia’s economy.
New Worker Influx Slowing Productivity: Treasury Secretary
Treasury Secretary Steven Kennedy said Australia had absorbed a large number of new workers, who were less productive, in a short amount of time.
Restaurateur Tony Kay (R) prepares his establishment Copperwood for opening in Melbourne, Australia, on Oct. 21, 2021. William West/AFP via Getty Images
Alfred Bui
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Alfred Bui is an Australian reporter based in Melbourne and focuses on local and business news. He is a former small business owner and has two master’s degrees in business and business law. Contact him at [email protected].
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