We shouldn't have to rely on the crude interest rate lever

The growth rate of 0.6 per cent in the June quarter is not even enough to absorb new school and further education leavers, new migrants and labour displaced from increased productivity ("Gravity defied: economy keeps ticking over during crisis", September 3). Moreover, we will need to grow even faster over several years if the unemployed and under-employed are to secure full-time jobs. Yet the Reserve Bank governor has now warned of likely interest rate rises, which are sure to slow growth.