Weekend Edition: Fixing Australia’s productivity problem
Australia's productivity gains have been slipping. Phil asks Danielle Woods, chair of the Productivity Commission, if we'll ever see the gains we experienced during the mining boom.
NAB Morning Call · NAB - The Morning Call
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Show Notes
Friday 10th May 2024
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Productivity gains have been slipping, not just in Australia, but around the world. The problem locally is accentuated by the shift away from a heavily automated resources sector, where significant value is added per employee. If we can’t manage the same level of efficiency as we switch to more labour-intensive output, particularly in the services sector, should we assume that productivity growth will not return to pre-pandemic levels. It’s a question Phil puts to Danielle Wood, chair of the Productivity Commission. They discuss what is being done to fix Australia’s productivity shortfall and what can we learn from countries where productivity is higher.
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