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Alex Robson

Busting the ‘wage decoupling’ myth

The link between productivity and real wages is robust. And the idea that productivity-enhancing reforms don’t matter for living standards is wrong.

Productivity – output per hour worked – is about working smarter, not working harder or longer.

The benefits of productivity growth include lower prices and a greater variety and quality of goods and services.

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Alex Robson is deputy chairman of the Productivity Commission

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    Original URL: https://www.afr.com/policy/economy/busting-the-wage-decoupling-myth-20230910-p5e3gg