OPINION: The unions are interested in clamping every sector of the economy, not bold and imaginative reforms.
that lifted the living standards, financial security, wages and prosperity of generations of Australians.had the vision to open Australia’s economy to the world. The Howard government promoted tax reform, red tape reduction, balanced budgets and the virtues of small business.Both governments had optimism about Australia’s capacity to take on big challenges, a willingness to ignore the ambit claims of sectoral interests and faith in the principles of flexibility and productivity.
Unions are focused on shoring up their finances, arresting declining membership and bolstering the political prospects of their mates. They are facing severe labour shortages due to the hangover of closed international borders during the pandemic. Compared with pre-pandemic expectations in late 2019, the 2022-23 NSW budget now forecasts NSW net overseas migration to be lower by 338,000 across the period from 2019-20 to 2025-26.
These are commonsense measures that offer immediate relief to businesses suffering labour shortages, and reflect the success our nation has always had when we welcome the best and brightest talents to our shores.We should also look to tap latent potential in the domestic economy from people who want to work more but face financial disincentives from doing so.
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