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Productivity

Yesterday

NAB chief financial officer Nathan Goonan appearing virtually at the CFO Live summit on Tuesday.

NAB executive warns of ‘elusive’ productivity gains in age of AI

Finance executives have been circumspect about the transformative power of the new technology, suggesting return on investment should be the focus.

  • James Eyers

This Month

It is widely accepted that the Hilmer reforms contributed to a sustained productivity boom in Australia, underpinning significant increases in real wages.

Hilmer reforms of 1990s helped lift productivity. We can do it again

Fred Hilmer’s reforms were groundbreaking because a series of small changes had a massive cumulative effect. With changes to competition policy, we could lift Australia’s GDP by up to $45 billion a year.

  • Danielle Wood and Alex Robson
ASIC chairman Joe Longo wants to tackle Australia’s ‘legislative porridge’.

Why our top corporate regulator wants less regulation

ASIC chairman Joe Longo says complex regulation is hurting businesses, consumers and the regulator’s work. It’s another window into Australia’s productivity problem. 

  • James Thomson
Office property, particularly in Sydney and Melbourne, could benefit from the coming boom in AI-related jobs.

AI job growth to fuel demand for 480,000sq m of office space: report

JLL research suggests that by 2030, artificial intelligence will become the second-largest sector in the Australian economy, offering opportunities for office landlords.

  • Michael Bleby
Shaneen Marshall, chief of technology and strategy at Zurich Financial.

AI gets real as big business finds its feet

An era of cautious, low-stakes experimentation is rapidly giving way to tangible changes in how some of Australia’s largest operations run.

  • Paul Smith
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Former sex discrimination commissioner Kate Jenkins.

Lack of action on workplace harassment holds back productivity

Readers’ letters on the impact of anonymous harassment reports; the need for flexibility in the super system; fee-free university; Trump’s inflation danger; working-class voters; and climate obligations.

Paul Scurrah.

The mantra that keeps this CEO ahead of the game

Former Virgin CEO Paul Scurrah reveals how he avoids distractions, what he has learnt from the collapse of two airlines and why he doesn’t eat until midday.

  • Sally Patten and Martin Peralta
If you’ve been wondering why services sector inflation in Australia is running at 4.6 per cent while goods inflation is at 1.4 per cent, Baumol’s cost disease is the answer.

How a 5¢ Tesla explains the problem with inflation

A fundamental economic truth explains ever-rising services inflation and why it’s a big problem for governments.

  • Richard Holden

October

A grocery store displays a QR code for digital payments in Bengaluru, India.

Time to catch up with QR code payments

Readers’ letters on a better way to pay; productivity in the mining industry; benefits of new merger laws; Japan’s gas demands; and a true Whyalla wipeout.

The Future Made In Australia program is not going to transform the economy, only a small corner of the mining industry.

Why mining lies at the heart of Australia’s productivity problem

Australia badly needs to diversify towards more productive industries. The politically privileged position of the mining industry is one of the obstacles.

  • Adrian Blundell-Wignall
Distractions in the office affected productivity, researchers found.

Office distractions hinder workplace productivity: study

Fewer distractions and better supervision have emerged as critical ingredients to driving better productivity returns from hybrid working.

  • Tom Burton and Euan Black
The report from the e61 Institute finds that productivity across the care economy has not increased in almost two decades.

NDIS is sucking in workers from more efficient jobs

Flatlining growth in the care economy and surging spending on the National Disability Insurance Scheme is threatening to make households poorer.

  • Michael Read
Economist Friedrich Hayek and his famous book.

This book changed the world. The West needs to read it again

More than three-quarters of a century after Friedrich Hayek faced trenchant opposition, the ideals he championed must be fought for once more.

  • Tom Switzer
Ben Johnston, founder of digital agency Josephmark, and Mindhive co-founder Bruce Muirhead “see a future where our digital clones do our work”. 

This AI agent can spare you inconvenient meetings by deputising

Mindhive has developed AI-enhanced avatar software that allows users to create digital ‘twins’ of themselves to stand in when they are unavailable.

  • Alexandra Cain
Monetary policymakers have insisted they can continue inflation-fighting rate hikes as they possess other instruments to safeguard financial stability.

Growth slump could fuel inflation and spending blowout: central banks

Low productivity growth could prolong inflation and lead to an economic slowdown, generating social unrest and causing a blowout in government spending, the Bank for International Settlements says.

  • Michael Read
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Advances in cancer treatment are driving big lifts in health care productivity.

Why measuring public sector productivity is so slippery

When Productivity Commission researchers examined past assessments of the health system’s productivity earlier this year, they were pleasantly surprised.

  • Tom Burton

September

The benefits of working in the office might be overstated.

WFH is hugely more productive than CEOs admit

Demands for workers to return to the office full-time have a rose-tinted view of in-person work.

  • Emma Jacobs
For many women who return to work, it is almost not worth their while because they are losing out via the tax system, and also through the loss of other government benefits, such as family payments.

Tax, not childcare fees, keeps women at home

The Productivity Commission and economists agree that fiddling with childcare subsidies will not increase women’s workforce participation.

  • Julie Hare
Changing landscape: Amazon’s Andy Jassy has ordered workers back to the office, while also announcing that the e-commerce giant will cut one in six middle managers.

Why work from home might get mugged by a slowing economy

A slowing economy and shift in technological advancements are set to change the battle over the future of work again.

  • James Thomson
There are many tax incentives for residential property investment, but not so much for business investment in innovative enterprises.

Shift tax incentives from property to enterprises to lift productivity

Readers’ letters on how to encourage business investment; excess government; digital currency and the RBA; Senate solutions; ALP woes; duck hunting; and energy inequality.

Original URL: https://www.afr.com/topic/productivity-hzy