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Independent economist Saul Eslake has again taken aim at Victoria’s extreme reliance on immigration and population to drive economic growth, which Eslake argues has lowered incumbent residents’ living standards.
Accordingly, Eslake is calling for a new economic model that places productivity growth and living standards at the forefront of policy makers.
To summarise Eslake’s argument:
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
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