Why is productivity going backwards and how do we fix it? | That’s Business with Alan Kohler
For years, Australia has managed to avoid some hard questions.
Why is productivity growth going backwards? Why do wages, housing, and living standards feel under pressure? And how long can the country keep relying on good fortune instead of serious reform?
Danielle Wood, Chair of the Productivity Commission, is at the centre of that debate. She joins That’s Business to talk about what has gone wrong, whether governments have let the reform task slide for too long, and why AI could either help lift productivity – or create a whole new set of challenges.
It’s a conversation about why Australia feels stuck, what it would take to change course, and whether anyone in politics is really prepared to do it.
Danielle Wood joins Alan Kohler to unpack it all on That’s Business with Alan Kohler.
Chapters:
00:00 – Intro to Danielle Wood
02:00 – What is the productivity commission?
03:50 – What has happened with productivity over the last 30 years?
07:13 – The Keating and Hawke years
09:50 – Productivity recommendations and implementation
11:00 – Five pillars of productivity
12:50 – Productivity summit
17:10 – Capital Gains Tax discount
18:09 – Artificial Intelligence and productivity
20:24 – Artificial Intelligence and job losses
27:00 – Construction of housing
28:00 – Housing affordability
31:00 – ‘The Housing Theory of Everything’
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