Federal Treasurer Jim Chalmers says that's there's no better time than now to talk about productivity indicators and AI. Source: Getty
Australia’s productivity growth has slowed in recent decades, reaching just 0.9 per cent in 2022-23. To address this, Canberra is hosting a three-day Productivity Roundtable with economists, unions, and business leaders. Proposed solutions include cutting red tape, increasing investment, and trialling four-day work weeks. Treasurer Jim Chalmers highlights AI as a “game changer,” while experts warn that low growth is already impacting young Australians.
Australia’s productivity growth has slowed in recent decades, reaching just 0.9 per cent in 2022-23. To address this, Canberra is hosting a three-day Productivity Roundtable with economists, unions, and business leaders. Proposed solutions include cutting red tape, increasing investment, and trialling four-day work weeks. Treasurer Jim Chalmers highlights AI as a “game changer,” while experts warn that low growth is already impacting young Australians.
