3 ms·
Population growth is good for nominal GDP growth, but doesn't do much for per-capita growth. Since our labour market has very high levels of labour underutilisa
by stephen_g 8y ago
Population growth is good for nominal GDP growth, but doesn't do much for per-capita growth. Since our labour market has very high levels of labour underutilisation and underemployment and the main population growth is from a very large skilled migration program, some of our record-low wage growth is probably driven by that too.