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We know how to boost productivity and lift wages – but it will take time and much tougher tax reform

  • Written by John Hawkins, Senior Lecturer, Canberra School of Politics, Economics and Society, University of Canberra

The slide in Australia’s labour productivity – real gross domestic product per hour worked – has become a real concern. In the past year, labour productivity has fallen 4.6%.

Unless it resumes growing, either wage growth will need to slide to the Reserve Bank’s inflation target of 2-3% on average over time, or the bank will...

Read more: We know how to boost productivity and lift wages – but it will take time and much tougher tax reform

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