Grogonomics: ‘Australia is changing – where will future productivity growth come from?’
Greg Jericho’s article in The Guardian Australia focuses on Prof Roy Green’s chapter in CPD’s forthcoming book for election 2013 Pushing our luck. Roy’s chapter in turn looks closely at the real meaning of productivity.
In the remaining four weeks of the campaign the economic argument needs to move beyond the slogans and the suggestions that things can be fixed with a couple tax changes. With luck, the “Pushing our Luck” essays may help push the debate towards a more complex discussion.
As the column notes, the chapter resonates with other recent CPD reports such as Death by a thousand cuts, which examined the counter-productive impulse to reduce capacity in public services, in the expectation of higher output from the remaining resources.