Alan Kohler is the latest commentator that has attempted to solve the puzzle as to why Australia’s productivity has slumped:
The Productivity Commission’s annual “Insights” publication, which stated that both labour and multifactor productivity fell for the first time since the mining boom, by 0.2 per cent and 0.4 per cent respectively.
It means the sustained declined in productivity growth that’s been going on for 15 years has accelerated, so that we’re not just seeing declining productivity growth, but actual declines.
