On 13 February 2018, the Australian Business Economists hosted their Annual Conference in Sydney, bringing together a stellar lineup of experts to examine the pressing issues shaping labour markets, economic policy, and political landscapes. The conference featured insights from renowned speakers, including Betsey Stevenson from the University of Michigan, Luci Ellis from the Reserve Bank of Australia, and Su-Lin Ong from RBC Capital Markets, among others.

Keynote speaker Betsey Stevenson presented a compelling analysis of the challenges facing the U.S. labour market, highlighting declining workforce participation rates, stagnating male earnings, and the gender disparity in occupational opportunities. She also explored the impact of systemic barriers such as limited paid leave and weak safety nets on labour force engagement. Her insights underscored the need for comprehensive policies to address structural challenges in employment.

The panel discussions delved into broader themes, including economic resilience, political dynamics, and the evolving role of policy in fostering equitable growth. Speakers like Luci Ellis and Felicity Emmett provided a local perspective, linking global trends to Australia’s labour market and economic framework. The event left attendees with actionable insights on navigating labour market shifts and informed strategies to address the intertwined challenges of policy, politics, and workforce dynamics.

Key Takeaways

• Labour Force Challenges: Betsey Stevenson outlined declining workforce participation rates in the U.S., driven by stagnant wages, the decline of traditionally masculine jobs, and inadequate safety nets.
• Gender Dynamics: Female workforce participation faces unique hurdles, including limited access to paid leave, affordable childcare, and workplace discrimination.
• Economic Policy Implications: Luci Ellis and Su-Lin Ong emphasised the need for adaptive policies to strengthen labour markets amid global economic and political uncertainties.
• Local Context: Felicity Emmett highlighted parallels between U.S. trends and Australia’s own challenges, particularly in maintaining equitable labour market opportunities and preparing for technological disruptions.

The 2018 Annual Conference underscored the interconnected nature of labour market dynamics, policy decisions, and political shifts. By addressing global trends alongside local realities, the event provided a comprehensive roadmap for tackling labour market challenges. Attendees left with a deeper understanding of how targeted policies, inclusive economic frameworks, and proactive measures can ensure resilience and equity in the workforce. The insights shared continue to resonate as policymakers, industry leaders, and economists work to shape a stronger economic future.