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Productivity is often mistaken for wages. What does it really mean? How does it work?

  • Written by: David Peetz, Laurie Carmichael Distinguished Research Fellow at the Centre for Future Work, and Professor Emeritus, Griffith Business School, Griffith University
Productivity is often mistaken for wages. What does it really mean? How does it work?Alexey_Rezvykh/Shutterstock

Australia’s productivity growth has reverted to the same stagnant pattern as before the pandemic, according to the Productivity Commission’s latest quarterly report.

Productivity is complex and often misunderstood in media and policy debates. So before we read too much into this latest data, here are six key...

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