Most commentators will tell you fixing productivity is just a matter of political will. But dig even a little into the data, and it becomes obvious it's very complicated.
Multifactor productivity declined over the 12 months to June 2025, with the Productivity Commission saying more capital investment is needed.
The news: Capital productivity in Australia has fallen 18.6% between 1995 and 2025, according to the Productivity Commission’s (PC) latest annual bulletin. The context: PC research economist Joseph ...