Australia's Productivity Crisis: Working Harder, Not Smarter

Australia's Productivity Puzzle: Working Harder, Not Smarter Australia faces a productivity crisis, according to a new report by the Productivity Commission. The report reveals that despite Australians working longer hours, overall productivity has fallen. This isn't due to remote work, but rather a lack of investment in technology and systems to improve efficiency. The report states, "Businesses need to invest in improving systems and processes to enhance productivity." This lack of investment is hindering economic growth. The video highlights Iceland's successful 36-hour work week trial, where productivity remained stable or increased, and worker well-being significantly improved. This suggests that a shift in work culture, coupled with technological investment, could be a key to resolving Australia's productivity problem. The positive outcome in Iceland offers a compelling case study for potential reforms in Australia.