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ABC News Breakfast -

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(generated from captions) You're watching ABC News

Breakfast. It's a busy week in

Federal politics with two key

pieces of legislation

dominating debate in Canberra.

One of those is the

Government's new workplace

laws. The Opposition hasn't yet

reveal ed whether it's going to

support the laws. New figures

show Australian job

advertisements have fallen by a

record 40% in the last year.

For more, the Opposition

spokesman on employment

participation Andrew Southcot

joins us from Canberra. Good

morning. The figures aren't

good and indeed Governments and

countries around the world are

grappling with this very

problem of, as the IMF tells us

today, us being in a global deep recession. What's the best

response, do you think? I

think one of the most important

things is to inspire a bit of

confidence. What I found in my electorate talking to small

business owners is they are

just desperate to have some

confidence from some of our

leadership and it's incredible

that while we need confidence

the Prime Minister persists on

talking about a rolling

economic crisis, talking about

an economic storm, talking

about- He's right of course

and that's what the IMF is

saying. He's not Robinson

Crusoe there. The second thing

is that it is extraordinary at

a time when we see, from the

ANZ job series, the largest

fall over a year since this

series began that the

Government are introducing two

pieces of legislation, their

industrial relations

legislation and also their Emissions Trading Scheme and

either will not say or do not

know what the impact of these

pieces of legislation will be

on jobs. The question really

went to what the Government

should do in order to try and

get things going again, the

challenge for every Government

around the world. You say

confidence, so picking up on

that, I wonder what you think

of what the Productivity

Commission has to say about how

you get economies moving again

and get people back into jobs

and the economic gains it

concludes from increasing the

size and quality of human

capital through better health,

education and training and

increased work incentives could

be equal, it believes, to the

competition policy put gains from all other available

together. What's your view? My

view is the Productivity

Commission have laid out a very

good agenda there and that

agenda has been adopted by COAG

and that's looking at how do

you address, for example, with

young people, the people who

are not in full-time education

or full-time employment, we

still have too many teenagers

and too many people in their

early 20s who are either not in

full-time education or

full-time employment and one of

our concerns as an Opposition

has been that in focussing

specifically on youth

unemployment, the government

has not actually identified any

specific initiative for youth

unemployment. I think the

Productivity Commission has

their human capital agenda is a

very good one, it is actually

outlining a way we can increase

the size of our economy, we can

increase GDP over time. It's an

interesting approach and it's a holistic approach, if you like,

to look at the general health

of a country's economy. It's

possibly a good way - and I

know your leader Malcolm

Turnbull speaks often about a

bipartisan approach -orators

good opportunity, surely, isn't

it, for the Opposition to get

on board in talking about

health and education and

training, all of those key

elements working together in

order to get an economy back on

its feet. Is it one you might

be prepared to take up? The

Productivity Commission report,

some of the work on this was

done in 2006/2007 when the

Howard Government were still in

office and it's not an area

where there has been a partisan

divide. Of course we would like

to see a lot of things which

raise the speed limits for

growth for our economy and also

which expand the size of our

economy in the future but it

does - while we have some very

detailed analysis from that Productivity Commission report

that you mentioned, I find it

extraordinary that we do not

have any detailed analysis on

what will be the impact of jobs

of Labor's fair work bill and

of their Emissions Trading what will be the impact on jobs

Scheme. Penny Wong is saying

very clearly just sticking with

the Emissions Trading Scheme,

the impact is going to be the

creation of a whole new

generation of jobs under an ETS

and with clean and green energies. You don't accept

that? I watched Penny Wong's

performance on Lateline very

carefully last night and it was

very interesting. She was

unable to quantify what would

be the impact on jobs of

Emissions Trading Scheme and

this is something which

Australian families would like

to know, small businesses would

like to know. She has said,

sure, that there will be an

expansion of green jobs but

what we want to know is what

will be the overall employment

impact of the Emissions Trading

Scheme? We now have a Senate

inquiry which will be looking

at a number of things including

this very issue. Thanks for

your time. Thank you. Remember, you can always