Category: labour productivity

Canada Struggling to Keep Pace With Standard of Living as Labour Productivity Woes Persist

July 18, 2023
Business & MarketsCanadaeconomylabour productivitystandard of livingWorld
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Canada is facing a significant gap in standard of living performance, or real GDP per capita, compared to other advanced economies, according to a report from TD Bank. The report, titled “Mind the Gap: Canada is Falling Behind the Standard-of-Living Curve” and published was published on July 13, highlights Canada’s struggle to keep up with its peers…

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Australian Productivity Growth Can’t Reach Its Target Without Change: Treasurer

May 27, 2022
AustraliaAustralian budgetBusiness & EconomyeconomyJim Chalmerslabour productivityWorld
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Jim Chalmers, the new Australian treasurer, said the nation cannot achieve a return to 1.5 percent productivity growth under current policies. The treasurer said he wanted to have an upfront national conversation on the challenge of increasing productivity, which enables wage growth. “But the starting point needs to be a more realistic assessment of where…

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