How Abbott's jobs plan jumps the gun

Tony Abbott's pledge to create one million jobs in five years doesn't add up without significant economic or industrial relations reforms.

Tony Abbott’s plan to create one million jobs in five years doesn’t stack up. Either he will have to do it by overheating the economy, which will push inflation and interest rates higher, or there is something yet to be revealed in his industrial relations reforms that will help him meet his ambitious target.

The reason for the doubts surrounding Abbott’s 'one million jobs in five years' pledge is a simple look at the Treasury economic forecasts and projections that have been included in the budget and last month’s Mid Year Economic and Fiscal Outlook.

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