Latest / The Kākā by Bernard Hickey
GDP-per-hour worked stagnant at 2012 levels
TL;DR: My six things to note in Aotearoa’s political economy as at 6:26am on Tuesday, March 26 include:
* Workers have been treading water in output per hour worked for 12 years, an analysis of GDP data for 2023 showed yesterday, emphasising Aotearoa Inc’s lack of productivity progress since the Global Financial Crisis (See chart of the day below);
* Our low-to-no productivity growth is thanks to low investment in public infrastructure, skills and businesses so any spare household and business cash can be put into leveraged land for tax-free gains or repatriated in dividend form to overseas…
The skinny
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