Australia’s economy is unsustainable

Monday 20 January 2025

Australia’s economy is on public sector life support.

The overwhelming majority (87%) of jobs created over the past two years have been in the non-market (government-funded) sector.

Much of this job growth has been related to the NDIS, which has driven explosive growth in the healthcare and social assistance sector.

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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.