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Treasury tacks a 'wellbeing' framework onto their endless-growth framework

By Stephen Saunders - posted Wednesday, 25 January 2023


  • (Un)employment rates
  • Profits vs incomes; Inflation vs wages; Real unit labour costs; Real GDP per capita
  • Population growth vs productivity growth; Real wages; 90-10 or 80-20 income/wealth shares
  • Housing (un)affordability; Household debt
  • Private vs state school SRS funding; Teen and adult educational attainment

Under Population Growth, and Environmental Quality, Australia versus OECD trends for:

Total natural increase, numbers and % of population; Total net migration, numbers/categories and % of population; Total population growth, numbers and % rates

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Major cities, population shares and commuting/congestion trends

  • Material footprint
  • Greenhouse gas emissions estimates – including and excluding land clearing (LULUCF)
  • Land clearing estimates – not solely based on National Carbon Accounting (NCAS)
  • Tallies of endangered species; Tallies of (un)natural disasters

Across such measures, it's doubtful the first "Big Australia" surge of 2005-2020 has improved ordinary wellbeing. Yet the second surge could last many years.

Leaving environment aside, this phase will entrench the income/wealth positions of the top 10-20%. Putting environment back in, it won't improve ordinary "wellbeing".

 

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About the Author

Stephen Saunders is a former APS public servant and consultant.

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All articles by Stephen Saunders

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