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  • 1 year ago
Australia's stalled productivity growth is firmly in the spotlight ahead of the government's much-vaunted economic reform round table. The issue is seen as a major obstacle to raising living standards and real wages. The Productivity Commission Chair Danielle Wood says she's optimistic the event will be a catalyst for change.

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00:00We have put forward a small number of priorities in the reports that we've done in the lead
00:06up to the round table.
00:08That is improving our skills system to make workers more adaptable to change.
00:13It is sharpening incentives in our tax and regulatory system.
00:17It's around making sure that we have the settings right to embrace new technologies like AI.
00:21So those are just some of the priorities.
00:23When I think about just the amount of productivity conversation we've had over the last month,
00:28I think it's pretty extraordinary.
00:30But within that, I think the breadth of ideas coming forward really matter.
00:34I think we have a tendency in this country sometimes to think productivity is just tax
00:38and IR policy.
00:39It's much broader than that.
00:40It's skills policy.
00:41It's technology policy.
00:43And so when I see that breadth of conversation, when I see the concrete ideas, when I see
00:48the kind of momentum in the public conversation, I am confident that a really sort of pro-productivity
00:54reform package could come out of it.
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