Скачать или смотреть The Curiosity Loop - 'Productivity' with Matthew Vickers

In this enlightening episode of The Curiosity Loop, Wilkinson Butler Chair, Peter Wilkinson continues his conversation with financial expert Matthew Vickers, focusing on productivity—a critical economic measure that's "observable but not measurable." Vickers explains how productivity is calculated as the gap between GDP growth and labour force expansion, examines Australia's recent productivity decline, and compares our long-term performance against other developed economies. He explores the relationship between productivity, government spending in the care economy, and what Australia might learn from the US model of labour mobility and capital markets to drive future growth.

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Timestamps
0:00 Vickers explains productivity as "observable but not measurable"
0:31 How productivity is calculated from GDP and labour data
0:51 Negative productivity scenarios explained
0:59 Australia's recent productivity performance
1:14 Productivity decline and non-market economy growth
1:38 The value of "non-productive" care economy jobs
2:06 Government focus on productivity post-election
2:17 Political runway for productivity solutions
2:40 Australia's global productivity comparison
3:06 Historical reliance on immigration for growth
3:30 Recent productivity relapse under Albanese government
3:42 Government spending and productivity decline
4:09 The need to arrest productivity decline
4:16 Potential productivity improvement levers
4:26 Lessons from the US economy
4:52 The role of labour mobility and capital markets
5:16 Conclusion