Fixing the big economic challenges | The Business | ABC NEWS

Описание: There's no shortage of ideas ahead of this week's much talked about Economic Reform Roundtable in Canberra.
The federal government's received nearly 900 submissions from experts, industry leaders and individuals. The Productivity Commission chair Danielle Wood wants ministers to think more about boosting economic growth and reducing regulation. Treasurer Jim Chalmers says the three days is about building consensus with a primary focus on productivity to lift living standards. The Prime Minister Anthony Albanese says there's a range of things that can be done immediately, while others will be for the longer term.

We already have some idea of what the outcomes might be after leaked Treasury documents suggested a freeze on changes to building rules, the National Construction Code, and using artificial intelligence - to speed up housing and environmental approvals.

As the meeting has drawn closer, we've had public spats about the four-day working week, tax reform and the impact on workers from AI. The Productivity Commission estimates AI could add $116 billion to the Australian economy in a decade. Another issue is Australia's expensive property market. Indeed senior economist, Callam Pickering, says people with large mortgages can't take risks with their careers because they need to make sure they pay their home loan off, which might take 20 or 30 years.
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