The article highlights a significant economic slowdown in Australia, with productivity growth collapsing over two decades.Young people born after 1995 are particularly affected, facing a stagnant economy that's operating at half capacity.While some attribute this to mass migration, economists point to deeper structural issues.

The piece discusses how Australia's economic growth has been below 2% for an extended period, marking the longest such stretch since the 1990s recession.This decline has created challenges for younger generations, with job prospects and wage growth stagnating.

The article also mentions government responses, including Treasurer Jim Chalmers' efforts to address the crisis, though the focus remains on the broader economic malaise.

Key factors include outdated infrastructure, skills mismatches, and global competition, all contributing to a slow-growth environment that's impacting long-term prospects for Australians born in the 1990s and 2000s.