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Mimicking populists will not ease cost of living or boost productivity, Mathias Cormann warns

World 1 source 1 country 🔦 Under-reported 55m ago

Mathias Cormann, head of the OECD and a former minister, has issued a warning to Australia's mainstream political parties against mimicking populist policies. He stated that adopting such approaches will neither alleviate the cost of living nor boost productivity.

Specifically, Cormann urged Australia to avoid implementing migration caps. According to research cited in the coverage, migrants play a positive role by boosting employment rates among Australian-born workers.

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Read the full story at the source The Guardian World · GB ↗
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