Productivity lags France, US

Original article by Matthew Cranston
The Australian Financial Review – Page: 3 : 13-Mar-20

Australia has the fifth-highest hours worked per person in the OECD, according to the Productivity Commission. However, it only ranks 16th among OECD nations when it comes to productivity. Productivity commissioner Michael Brennan notes all available evidence indicates higher productivity results in higher wages. Australia is more productive in sectors such as mining and construction when compared to the US, although its service industries are reckoned to be between 20 per cent and 60 per cent less than those in the US; however, this is in part due to the long distances that Australian service workers have to cover in their jobs.

CORPORATES
ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT AUSTRALIA. PRODUCTIVITY COMMISSION

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s