After spending four years calling on the Australian Treasury to dump its Three Ps framework, MB has finally received support from Crikey:
[In his speech to CEDA this week, Josh Frydenberg] went back to that faithful stand-by of treasurers all the way back to Peter Costello — an ageing population… [and] to invoke the mantra of successive governments and their Treasury officials: the three Ps — participation, population and productivity…
On productivity, of course, we’ve performed pretty shabbily, with the labour productivity surge under Labor giving way to years of flat or falling productivity under the Coalition…