ACT believes that the answer lies with productivity and the most basic right of all: the right to earn a living. Paul Krugman once said that in the long run, productivity is almost everything. It was also Murray Rothbard who said, "It is not true that high wages make prosperity. Instead, prosperity makes high wages." We all need to realise that productivity, not employer generosity, determines wages. Wage growth and productivity and more jobs will lift us all up. So my friend Stephen has given me a basic formula for long-term growth: it is potential—in brackets, real growth rate—equals productivity growth and labour force growth. We are falling behind on some of these measures, and it's not good enough to compare ourselves to other countries, for the sake of comfort, with high debt ratio levels, who are not like us at all.