Graduate Skills and National Productivity
Absent a sustained increase in Australia’s birth rate or a rapid increase in net migration, there are few mechanisms available to policy makers to maintain income growth outside of those that target productivity growth. As Australia moves closer to the frontiers of economic performance, our progress will depend more and more on our capacity as a society to invent, innovate and adapt. This means that investing in skills will be an increasingly important factor to improving productivity in Australia. Universities play a critical role in this space and contribute to productivity growth through training and education. Higher education provides the workforce with a stream of skilled graduates that are competent in critical thinking and problem-solving, as well as specialist technical skills.