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    Productivity

    This Month

    Anthony Albanese’s government has to do the hard yards of growing productivity.

    PM’s election slogan must be: Get productivity moving again

    Readers’ letters on productivity; Labor’s Future Made in Australia policy; the Qantas board; the passing of Orica, Woodside director Gene Tilbrook; and Olympic breaking.

    Federal Labor just matches profligate state governments with more spending of its own.

    Can our prosperity survive a year of political madness?

    Public policy is now swinging in the populist wind. And it’s hard to imagine the election of a government that can rationally take back control of it all.

    • Michael Stutchbury
    Treasurer Jim Chalmers and incoming Productivity Commission chairwoman Danielle Wood at the government’s Jobs and Skills Summit in 2022.

    Chalmers makes Productivity Commission less productive

    The government’s independent economic adviser has only one active inquiry, which former officials say is extremely low by historical standards.

    • John Kehoe
    Treasury departments need to rethink digital investments argues former NSW minister Victor Dominello.

    Five projects to fix Australia’s productivity woes

    The answer to the nation’s sagging productivity is staring us in the face says former NSW minister Victor Dominello.

    • Tom Burton

    July

     More than 1800 new industrial policy measures were introduced globally over the past year, the PC found.

    Labor’s green subsidies a risk to living standards: PC

    The Productivity Commission has warned Labor’s Made in Australia plan risks evolving into protectionism, undermining decades of reform aimed at creating a vibrant economy.

    • Michael Read
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    Superannuation is not for your kids’ inheritance

    Letters from readers on super tax concessions; equitable road tolls; aged care and productivity; the need for plain speaking on climate; and ANZ’s bonds scandal.

    Up and up: Commercial building agreements are pushing up costs of housing, industry groups say.

    Apartment starts fall to 11-year low

    Industry groups say the extra costs of construction union agreements compound rising materials and financing costs to make housing projects unprofitable.

    • Michael Bleby

    June

    KPMG says reducing immigration will restrict businesses hiring the best workers, and be a handbrake on productivity.

    Why KPMG sees silver lining to 5pc jobless rate

    The big four firm says there is no “productivity crisis” and recent lacklustre results can be explained by the workforce shake-up caused by the pandemic.

    • Ronald Mizen
    The latest International Institute for Management Development World Competitiveness Yearbook report placed Australia 13th.

    Australia’s competition at best level in 13 years: report

    Small nations including Singapore, Switzerland and Denmark led the latest international rankings.

    • Tom McIlroy
    Anshuman Sengar is from consulting firm Kearney, a local AI leader.

    How this senior consultant uses AI to get more work done

    Kearney’s Anshuman Sengar says using generative AI tools to summarise meetings, write emails and research topics has helped him become more effective at work.

    • Edmund Tadros
    Sam Kennard

    Sam Kennard’s pub shows what’s wrong with Australia

    The Kennards Self Storage owner’s struggle to build a craft pub is an example of the nation’s economic problems.

    • Aaron Patrick
    Keyboard

    Bankers sacked for faking work in rise of ‘mouse jigglers’

    US banking giant Wells Fargo dismissed members of its wealth and investment management arm after investigating claims that they were pretending to be busy.

    • Hannah Levitt
    From the hottest digital skills to the strongest soft skills, these are the skills you'll need to get ahead in 2021.

    ‘Productivity theatre’: The false promise of a clear inbox and other ‘busy work’

    Workers are undermining their output by focusing on “short-term wins” such as responding to emails and ticking off menial tasks on their to-do list instead of prioritising high-value work.

    • Euan Black

    Top CEO reveals the biggest mistakes he ever made

    Koda Capital CEO Paul Heath says among the worst errors he has made is failing to realise how difficult change can be for staff.

    • Ciara Seccombe and Lap Phan
    Walmart manager Greg Harden at work in Grand Prairie, Texas.

    To keep great store managers, Walmart is offering up to $800,000

    The American retailer has begun offering bonuses twice managers’ base salaries to supervise huge stores and hundreds of staff.

    • Jaewon Kang
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    May

    Industry and Science Minister Ed Husic says Australia has been short of a coordinated plan for the development and use of robotic automation.

    ‘Inflection point in history’: Government unveils robotics plan

    Science and Industry Minister Ed Husic has a plan for Australia to use and export more AI-infused robots to boost national productivity and industry.

    • Paul Smith
    The advancement of artificial intelligence is our next big hope to improve our productivity.

    How Australia can grab an AI advantage

    We need an equal sense of hunger, optimism, and opportunism for Australia to realise the advantage of AI, write the BCA’s CEO and Australia’s Google boss.

    • Bran Black and Melanie Silva
    It is reasonable to assume AI’s biggest impact in the near future will come from automating some tasks.

    Don’t believe the artificial intelligence hype

    Economic theory and the available data justify a more modest, realistic outlook for productivity gains from AI.

    • Daron Acemoglu
    Boston Consulting Group’s Monika Saunders.

    Cost-cutting advisers the bright spot in professional services

    Advisers are being increasingly asked to conduct cost-cutting programs, from upskilling and reducing staff numbers to digitisation and automation.

    • Edmund Tadros
    Lesson learned: Greece’s ability to reform has seen its economy transformed, with high growth rates and on a more sustainable path to economic success.

    Australia needs to relearn the reform lessons taught to Greece

    The Greeks took Gary Banks’ advice on productivity-enhancing policy. But political short-termism now holds sway here.

    • Jenny Bloomfield