Labor fiddles as Australia’s productivity burns

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Assistant Minister for Productivity Andrew Leigh used a speech to the Chifley Research Centre on Tuesday to call for “thickets of regulation” to be reduced to help boost productivity.

Leigh stated that there are several ways to improve productivity, including an increased focus on rewarding project delivery and measuring outcomes. He claimed that excessive bureaucracy and cultures of risk aversion are holding the nation back.

“They [bureaucrats] don’t say ‘no’ outright. They just make ‘yes’ harder than it needs to be”, Leigh will reportedly argue.

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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.