The productivity challenge and why Australia is failing

I have argued from the outset that this week’s productivity summit in Canberra will fail because it won’t address the two most important factors that are wrecking the nation’s productivity: excessive immigration and expensive energy.

Australia’s immigration program is simply far too large, poorly targeted, and of low quality to deliver positive outcomes for productivity or living standards.

Despite claims that Australia’s migration program is skilled, the reality is that most migrants who arrive in Australia are low-skilled.