Productivity

The rise of robotics will thin out the middle class

1 comment
Rather than simply destroying jobs, robotics will polarise the labour force by reducing wages in a number of sectors, thereby diminishing the middle class -- and the trend has already started.

How miners can beat the end of the boom

4 comments
Australian miners are among the least efficient in the world. That leaves enormous scope to boost profits by investing in new technologies and lifting productivity.

Two charts that show the world's economy is thriving

6 comments
Policymakers are thrashing about with concerns about a weak global economy but these two charts prove they are wrong.

What are human beings going to do?

31 comments
The digital revolution is laying claim to a rapidly expanding number of jobs, with the collision between job intensity and productivity unlike anything we've ever seen. What does this mean for young people?

Women 'work harder for recognition': Westpac

by AAP
Survey finds men more than twice as likely to see gender as advantage in workplace.

The US bull market has further to run

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The magic dust of modern business, digital technology, has flooded big US companies with excess cash and lifted sustainable price-to-earnings ratios. The S&P 500 could easily crack 2500.

Why Australia is losing its competitive edge

21 comments
Sitting back and waiting for policy settings to ‘fix’ the exchange rate and high wages won’t do much to resolve Australia’s productivity crisis. Businesses must step up their investment or fall behind.

PPL scheme benefits questioned

Govt defends leave scheme after PC report suggests diverting $1.5bn to childcare.

Microsoft's mobile phone failure

Satya Nadella's vision to angle a leaner Microsoft towards 'productivity and platforms' is unconvincing without a strong slice of the mobile market.

Foreign investment laws ‘restrictive’

Productivity Commission calls for holistic review of nation’s foreign investment rules.

The ACCC is sending out mixed signals on competition

1 comment
In attempting to broaden the scope of what it calls 'anti-competitive' activity, Rod Sims could end up killing the very competition that is good for the market, the economy, and ultimately consumers.

Clouds still hover as Britain gets back to work

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While the Bank of England will welcome a sharper-than-expected fall in UK unemployment, low productivity growth and negative real wages present a more sober picture for the broader economy.

The paradox of productivity

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An improvement in productivity benefits the nation as a whole, but for the individual it means longer hours and more stress as short-term personal wellbeing is sacrificed for the greater good.

Australians spend record $3.19bn on software

GDP figures show first-quarter sales are 8.9 per cent higher than last year, seasonally adjusted.

Minimum wage to lift 3%

Fair Work Commission announces increase of $18.70 per week to low-paid workers.

ACTU to fight for penalty rates

by AAP
Trade unions slam ACCI's calls for changes to current penalty rate regime.

Robb taps corporates for advice

2 comments
Business advisers assembled for Australia's first trade and investment council.

Corporate ignorance is threatening Australia's future

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Companies' overemphasis on yield and short-term incentives could come at a great cost as the failure to invest in productivity jeopardises the nation's growth.

Weekend Economist: Dollar dialect

5 comments
The RBA abandoned its 'uncomfortably high' tag for the Aussie dollar after the inflation data. Now that the dollar has risen again, will that language return?

Australia falling behind on productivity

Local economy hurt by widening gap in productivity compared to most other developed economies: study.

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