Andrew Leigh has no idea how to lift wages

Friday 28 June 2019

Because he is lying to himself in a speech today. Via the AFR:

“If an Australian economist from the 1950s or 1960s [when unemployment was 2 per cent] was to look at the labour market today, they would be struck by our lack of ambition,” Dr Leigh will say.

“Other advanced nations might come to the same conclusion about Australia.”

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.