Weekend Edition: Fixing Australia’s productivity problem
Friday 10th May 2024Please note this communication is not a research report and has not been prepared by NAB Research analysts. Read the full disclaimer here.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…
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