Opinion

Govt has an unhealthy obsession with manufacturing. It needs to change

By Adam Triggs
Updated July 1 2021 - 4:39pm, first published October 5 2020 - 4:30pm
The transition from manufacturing to services is not unique to Australia. Picture: Shutterstock

More than 240,000 jobs have been lost in manufacturing since 1990. Back then, 14 per cent of the workforce was employed in that sector; it's less than half that today. These statistics fill many Australians with horror. But to look at manufacturing without looking at what's happened in the rest of the economy, and understanding why it's happened, is to look at the problem with only one eye open. The government's attempt to pick winners in manufacturing risks causing more harm than good.

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