As Australia’s economy struggles to recover from the COVID-19 epidemic, Prime Minister Anthony Albanese has promised to put a high priority on creating jobs and changing the way work is done.
In a speech in Canberra to mark 100 days of Labor rule, Albanese claimed his government had a growth plan that was pro-business and pro-worker.
This week, the government will hold a jobs conference where major employers and labor unions may get together to talk about pay increases, productivity, immigration, and workplace reform.
As Albanese told the National Press Club on Monday, “the largest single effect I am looking for is the development of a culture of collaboration.”
Albanese said that the economy was being held back by a general lack of skilled workers and that it had been foolish for the previous administration to ask temporary visa holders to leave Australia during the epidemic.
In addition to negotiations on raising Australia’s migration intake, the government will look at introducing “more avenues to permanent migration” to bring foreign workers back in industries such as nursing and engineering, he added.
He said that the government’s first objective is to strengthen the economy to provide stability for individuals and companies.
The Australian economy is facing new hurdles as a result of being in the “recovery” phase so soon. including substantial and erratic supply and demand mismatches that are increasing prices for organizations and individuals. ”
He argued that Australia was unprepared to compete in the pandemic race.
“We were left vulnerable not just because we were careless and didn’t plan, but also because for years we cut back on and ignored the services and skills we needed the most.We were left economically vulnerable, at the end of the world’s supply chain.
Nurses, teachers, and elderly care workers were worn out by the epidemic, and there was a need to enhance employment in these areas for the decade ahead, he added.
Even the tourist, hospitality, and academic sectors had widespread difficulties in relaunching their respective industries and small firms.
Albanese said that the conservative government’s nine years in office were a failure, citing “chaos” in energy policy and wages that didn’t go up.
He spoke on the climate change measures previously implemented by his government, the national referendum held to get support to include Aboriginal and Torres Strait Islander people in the constitution, and the support for an increase in the minimum wage.
This month, the Australian central bank warned that inflation was on track to reach levels not seen in 30 years. This would mean that interest rates would have to go up even more, which would have a big effect on GDP.