Cis Podcast

For all references and graphs, read the paper here: https://www.cis.org.au/publication/the-productivity-problem-australias-growth-slump-is-undermining-prosperity/  Key Findings: Labour productivity growth has halved, sliding from 2.4% a year in the late 1990s to just 1.2% in recent years. Australia is falling further behind the United States, with the productivity gap now wider than it was in the early 2000s. Business investment – a driver of growth – is subdued, starving firms of the latest technology and techniques needed to compete globally. Cox outlines that even small, sustained improvements in productivity compound into large gains. Conversely, persistently slow growth risks turning policy development by political parties into a zero-sum scramble for slices of a shrinking pie, undermining social cohesion and democratic norms. The paper identifies a triple threat: Dwindling innovation diffusion, in which Australian firms are adopting new ideas more slowly than global leaders. Rising regula