The issue of productivity and its impact on real earnings has been a major source of debate among Australian economists since the Global Financial Crisis.
With productivity in headline terms flatlining for the best part of the last decade, except for the lockdown and closed border-driven bump seen during the pandemic, the issue has recently surged into the political and economic spotlight.
Amidst historically poor levels of headline growth and contracting per capita GDP in nine of the last eleven quarters, the Albanese government has shifted its focus to productivity growth in an attempt to reinvigorate the economy and sustainably grow real wages.
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