Zombie Businesses & The Productivity Struggle
Welcome to episode 114 of The Numbers Game. In today's episode, we explore the factors impacting productivity rates in Australia. From the challenges of integrating technology to the dynamics of an aging workforce, we chat through the core issues affecting productivity.
The Numbers Game · Martin Vidakovic, Nick Reilly, Jason Robinson
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Show Notes
Welcome to episode 114 of The Numbers Game. In today's episode, we explore the factors impacting productivity rates in Australia. From the challenges of integrating technology to the dynamics of an aging workforce, we chat through the core issues affecting productivity.
On this episode, we discuss:
- "Zombie businesses" and their inability to invest in productivity improvement.
- Influence of productivity on business costs and its impact on inflation or Consumer Price Index.
- Services pricing not coming down, unlike goods pricing.
- Australia's productivity growth rate compared to other countries: lagging behind the average.
- Temporary productivity boost during the COVID-19 pandemic.
- Post-pandemic decrease in productivity and its reasons.
- Role of technology in enhancing productivity: example from Australian Manufacturers Expo.
- Challenge of improving productivity in service-heavy, non-manufacturing sectors like Australia.
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Hosts:
Nick Reilly
Jason Robinson
Martin Vidakovic
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