Part 5/13:
Furthermore, Rogers critiqued the approach of the Reserve Bank of Australia (RBA), which has implemented rate cuts amidst this backdrop. While the rate decreases were intended to stimulate the economy, Rogers warned that without addressing underlying productivity issues, long-term living standards will continue to decline. He pointed to the disconnection between economic policy discussions and the harsh realities faced by everyday Australians, such as wage stagnation and job insecurity.