Episode Details

Australia’s productivity is plummeting, now ranking near the bottom among developed nations—only ahead of Mexico. Decades of underinvestment in pay, training, and skilled labor have left us lagging globally. The Productivity Commission just confirmed a recent dip, echoing a slowdown since 2016, demanding urgent government action. But here’s the twist: our outdated metrics, built for factories, fail to capture today’s service, care, and education sectors—valuable work labeled “phantom labor.” Maybe the real problem isn’t worker effort, but our broken way of measuring it. Time to rethink productivity—or risk falling further behind.

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