Explore the productivity debate
Podcast episode
About the episode
As economic indicators go, productivity is one of the more attention-grabbing measures. The reason is clear – productivity growth is seen as a driver of real wages, purchasing power and overall living standards.
What exactly is productivity and how is it measured? The Productivity Commission – the Australian Government’s research and advisory body on a range of economic, social and environmental issues – defines productivity as “a measure of the rate at which output of goods and services are produced per unit of input”. Those inputs include labour, capital and raw materials.
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INTHEBLACK Out Loud is presented by CPA Australia.
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