Part 4/13:
Productivity Crisis and Economic Impacts
The discussion turned to the broader implications of productivity and economic well-being. Rogers emphasized that Australia's living standards are declining, with a notable fall in global rankings. He cited alarming statistics: about 10,000 Australians face homelessness monthly, and many struggle with rising costs of rent, healthcare, education, and daily necessities. A recent report from Anglicare indicated that a full-time minimum wage worker ends the week with just $33 left after essential expenses—an urgent sign of a cost-of-living crisis.