Why Australia's living standards aren't improving (Leithvo)

This weekend's Treasury of Common Sense with Luke Grant at Radio 2GB/4BC explains why Australia's productivity growth has collapsed and what it means for real wages and living standards.



The deindustrialisation and shift to a service economy has led to low levels of productivity and low wages, helped with the mass influx of migrants. There's more people chasing low level jobs than there are jobs. People are working for minimum wages rather than on salaries, and not in higher paying manufacturing jobs. High energy costs are strangling everything too. This is all due to globalism. You can do something to stop the rot by voting for non-globalist parties.

[Posted at the SpookyWeather2 blog, February 23, 2026.]