AI in sights to develop nation’s sliding efficiency
It takes an Australian employee twice as long to build a home as it did 50 years back, making it even more urgent to repair declining productivity development.
“The sustainable way to maintain healthy wage development is through efficiency gains – something the treasurer has just recently chosen as being central to the Labor federal government’s second term,” Mr Rumbens said. Treasurer Jim Chalmers has actually said while the first term was focused primarily on getting inflation down and improving performance 2nd, reigniting productivity growth would be the main financial focus of the next 3 years. “Smaller companies are less productive than bigger firms since they can’t attain the same performance gains from innovation, investment and economies of scale,” Ms Winzar stated.
Australia’s abysmal productivity efficiency threatens to limit workers’ dividends. “The sustainable way to maintain healthy wage growth is through efficiency gains – something the treasurer has actually recently nominated as being main to the Labor federal government’s second term,” Mr Rumbens stated. Treasurer Jim Chalmers has actually stated while the first term was focused mostly on getting inflation down and improving performance second, reigniting performance growth would be the main financial focus of the next 3 years. “Smaller sized firms are less efficient than bigger firms since they can’t achieve the exact same productivity gains from development, financial investment and economies of scale,” Ms Winzar stated.
