Labour market essay (1 Viewer)

[Kangaaroo]

Got assigned a labour market essay to do over the summer holidays. Question: "Explain how labour market policies can be used to achieve Australia's economic objectives".

A little unsure how I can relate labour market policies and decentralisation to Australia's macroeconomic objectives. Any thoughts?

 

[thinkinghard]

Are you going to talk about microeconomic objectives such as increasing productivity? For macroeconomic: decentralisation --> lower labour oncosts/red tape --> incentivises hiring --> lower unemployment as well as decentralisation --> lower labour oncosts/red tape --> lower cost-push inflation