Anthony Albanese pointed to a new economic vision in a major speech which also set guard rails for his upcoming negotiation on tariffs with US President Donald Trump.
The constant chase of productivity increases can make sense, but only if you’re not trying to increase output at the same rate.
We should be trying to reduce the total amount of work done, while increasing the quality of life of all Australians. If that is the goal then productivity increases are a win for everyone.
Well the industrial model it came out of came with pay rises for the work force for the productivity gains. So its use was acceptable to the workers then.
Not sure that was really a great set up, because a lot of the productivity gains were from implementation of technology, not so much better work in general by the employee base, although that was also the case often, but the technology changes were the larger productivity increases.
What you’re suggesting is coming up to what Maynard Keynes imagined as a future. People producing as much or even more, with less time spent on the work. Soyou’re in good company.
I don’t imagine a system like that will come in this century though. Too much competition between Nations and peoples, not enough machines to do the work.
The constant chase of productivity increases can make sense, but only if you’re not trying to increase output at the same rate.
We should be trying to reduce the total amount of work done, while increasing the quality of life of all Australians. If that is the goal then productivity increases are a win for everyone.
Well the industrial model it came out of came with pay rises for the work force for the productivity gains. So its use was acceptable to the workers then.
Not sure that was really a great set up, because a lot of the productivity gains were from implementation of technology, not so much better work in general by the employee base, although that was also the case often, but the technology changes were the larger productivity increases.
What you’re suggesting is coming up to what Maynard Keynes imagined as a future. People producing as much or even more, with less time spent on the work. Soyou’re in good company.
I don’t imagine a system like that will come in this century though. Too much competition between Nations and peoples, not enough machines to do the work.