Australia’s immigration economy stifles productivity


Last week, IFM Investors chief economist, Alex Joiner, published the below chart showing the striking divergence in productivity growth between Australia and the United States:

Labour productivity growth

Source: Alex Joiner (IMF Investors)

As you can see, Australia’s labour productivity has recorded near-zero growth since 2015, whereas labour productivity in the United States has risen by 13% over the same period.

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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.