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Flat White

Productivity: are Australians working too hard, or not hard enough?

8 February 2023

6:00 AM

8 February 2023

6:00 AM

Productivity is defined as a measure of the efficiency of production of goods and services, in simple terms the number of hours worked to produce an amount of product. This measure depends on a number of variables typically listed as investment, innovation, work skills, and competition.

Innovation is a magic-sounding word, not normally associated with economists’ activity.

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