How Australia can get the job done on the employment

The G20 growth target may turn out to be nonsense, but it should not prevent Australia from pursuing concrete reforms to boost employment for the young, the old and women to encourage economic growth.

Senior business leaders from across the G20 flooded into Sydney this week for the B20 Australian summit. Their focus will be on ways to facilitate and boost employment growth, which will be necessary to support the broader growth target outlined at the G20 Meeting of Finance Ministers and Central Bank Governors meeting.

Back in February, Treasurer Joe Hockey announced that countries in the G20 will aim to increase global real GDP by an additional 2 per cent (presumably on top of the current economic outlook) or around US$2 trillion over the next five years.  

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