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Tired of shrinking pay? The real drain on Australians' productivity is falling wages

  • Written by: Mark Humphery-Jenner, Associate Professor of Finance, UNSW Sydney
Tired of shrinking pay? The real drain on Australians' productivity is falling wagesShutterstock

When was the last time you got a pay increase? Was it anywhere near the rate of inflation?

If it feels as if your wage is shrinking and cost of living pressures are growing, you’re in good company. And it might just be harming productivity. Here’s why.

Labor productivity (measured as gross domestic product per hour worked)...

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