Tuesday, June 19, 2007

It's productivity growth, stupid.

I have had enough of media reports discussing the woeful fall in productivity. Anyone with half an ounce of sense knows there is no such thing. Rather, there has been a substantial, worrying, long term fall in productivity growth. Sheesh.


Blogger larson_b said...

can you elaborate?

4:14 PM  
Blogger timboy said...

You could be more productive by blogging more often.

be more productive

4:24 PM  
Blogger larson_b said...

quality, not quantity t-boy.

9:19 PM  
Blogger C-MAC said...

Elaboration: productivity hasn't fallen. Rather, productivity has grown, but the rate of growth has dropped. In the early 90's, productivity grew at 4% annually, dropping to 3% in the late 90's and now at 1%, with Treasury forecasting 0% growth in FY07-08. Obviously 0% growth means productivity hasn't fallen, it has stayed the same. This, however, still totally sucks, as Australia's living standards over the long term are highly dependent on continuing productivity growth, especially with workforce participation so high right now.

9:25 PM  
Anonymous Anonymous said...

where is the sander, oh where could he be?
A mysterious fellow, oh my oh me!
He wanders by day,
In the clouds where he lay,
oh why won't he fill me with glee?


9:49 PM  
Blogger timboy said...

You guys are ruining my productivity.

Unfortunately the sander has never heard of productivity or quality.

10:23 PM  

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