It's time to talk about productivity

It's the single most important factor in improving living standards, but Australia's chronically poor productivity growth remains ignored by policymakers.

Of the many economic debates we have in Australia, the one we don’t have is about productivity growth.  It’s largely ignored among the endless discussion of government debt and interest rates, house prices and the cost of living. That’s unfortunate because productivity growth is the single most important factor for improving Australian living standards.

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