For generations, Australians could reasonably expect that their lives would be more prosperous than their parents. 

But over recent years, that bargain has started to break down. 

Productivity growth has barely moved for a decade. We’re working more hours, without producing much more for each hour we work, and that stagnation is showing up in incomes, living standards and rising interest rates. 

Now with economic growth under pressure, the government is betting that new technology, particularly artificial intelligence, can help turn things around.

Today, Productivity Commission Chair Danielle Wood, on why Australia has stopped becoming more productive, whether AI can change that, and what happens if it can’t.

 

If you enjoy 7am, the best way you can support us is by making a contribution at 7ampodcast.com.au/support.

 

Socials:Stay in touch with us on Instagram

Guest: Productivity Commission Chair Danielle Wood

Photo: AAP Image/Dean Lewins

For generations, Australians could reasonably expect that their lives would be more prosperous than their parents.&nbsp;
But over recent years, that bargain has started to break down.&nbsp;
Productivity growth has barely moved for a decade. We&rsquo;re working more hours, without producing much more for each hour we work, and that stagnation is showing up in incomes, living standards and rising interest rates.&nbsp;
Now with economic growth under pressure, the government is betting that new technology, particularly artificial intelligence, can help turn things around.
Today, Productivity Commission Chair Danielle Wood, on why Australia has stopped becoming more productive, whether AI can change that, and what happens if it can&rsquo;t.
&nbsp;
If you enjoy 7am, the best way you can support us is by making a contribution at <a href="http://7ampodcast.com.au/support">7ampodcast.com.au/support</a>.
&nbsp;
Socials: Stay in touch with us on <a href="http://www.instagram.com/7ampodcast">Instagram</a>
Guest: Productivity Commission Chair Danielle Wood
Photo:&nbsp;AAP Image/Dean Lewins

An independent daily news show. We feature the country’s best reporters, covering the news as it affects Australia. This is news with narrative, every weekday.

An independent daily news show. We feature the country&rsquo;s best reporters, covering the news as it affects Australia. This is news with narrative, every weekday.

The productivity problem driving up interest rates

https://api.omny.fm/orgs/2fb3740d-3436-44af-8cc0-a91900716aa5/clips/2f12bb23-bec6-429c-94ef-b4e30062deed/transcript