Opinion

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.

Alex RobsonProductivity Commission deputy chair

Sep 14, 2023 – 10.30pm

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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.

Alex Robson is deputy chairman of the Productivity Commission

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