* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Sunday, October 26, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Meet Belynda From ‘Married at First Sight’ Season 19: Age, Job, Instagram and More – Yahoo

    Meet Belynda from ‘Married at First Sight’ Season 19: Age, Career, Instagram & More Revealed!

    General Hospital’s Rena Sofer Exits as Lois — But the Door Isn’t Closed – Yahoo

    General Hospital’s Rena Sofer Exits as Lois — But the Door Isn’t Closed – Yahoo

    CNN Launches New Show – What to Know About Host Elex Michaelson – Central Oregon Daily

    Get to Know Elex Michaelson: The Dynamic New Host Taking CNN by Storm

    Johnny Depp Set To Finally Make His Big Hollywood Comeback After Amber Heard Controversy – Yahoo

    Johnny Depp Set for a Triumphant Hollywood Comeback Following Amber Heard Controversy

    ‘Chainsaw Man — The Movie: Reze Arc’ Review: Hit Manga Gets an Ultra-Violent, Surprisingly Emotional Big-Screen Adaptation – Yahoo

    Chainsaw Man – The Movie: Reze Arc Review: A Brutal and Unexpectedly Emotional Big-Screen Adaptation

    Reba McEntire Details Personal Relationship With Late Stepson Brandon Blackstock – KNDU

    Reba McEntire Shares Emotional Tribute to Her Late Stepson Brandon Blackstock

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    The Anti-Tech Backlash Is Going to Grow Stronger – Jacobin

    The Anti-Tech Backlash Is Gaining Unstoppable Momentum

    Comments to EU Regarding the Draft Revised Technology Transfer Block Exemption Regulation and Technology Transfer Guidelines – Information Technology and Innovation Foundation

    Have Your Say: Share Your Thoughts on the Draft Revised Technology Transfer Block Exemption Regulation and Guidelines

    Ghost Tapping is exploiting tap-to-pay technology in order to steal your money; what your need to know – ABC7 New York

    Ghost Tapping: How Thieves Are Using Tap-to-Pay Technology to Steal Your Money and What You Need to Know

    New technology for grading and packing dates – FreshPlaza

    Revolutionary Technology Transforms Date Grading and Packing Process

    Project underway to upgrade technology on 911 towers in Kanawha County – WCHS

    Kanawha County Launches Major Upgrade to 911 Tower Technology

    Next steps: Technology opens new options for greater mobility – Missouri Independent

    Next Steps: How Technology is Opening Exciting New Doors to Greater Mobility

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Meet Belynda From ‘Married at First Sight’ Season 19: Age, Job, Instagram and More – Yahoo

    Meet Belynda from ‘Married at First Sight’ Season 19: Age, Career, Instagram & More Revealed!

    General Hospital’s Rena Sofer Exits as Lois — But the Door Isn’t Closed – Yahoo

    General Hospital’s Rena Sofer Exits as Lois — But the Door Isn’t Closed – Yahoo

    CNN Launches New Show – What to Know About Host Elex Michaelson – Central Oregon Daily

    Get to Know Elex Michaelson: The Dynamic New Host Taking CNN by Storm

    Johnny Depp Set To Finally Make His Big Hollywood Comeback After Amber Heard Controversy – Yahoo

    Johnny Depp Set for a Triumphant Hollywood Comeback Following Amber Heard Controversy

    ‘Chainsaw Man — The Movie: Reze Arc’ Review: Hit Manga Gets an Ultra-Violent, Surprisingly Emotional Big-Screen Adaptation – Yahoo

    Chainsaw Man – The Movie: Reze Arc Review: A Brutal and Unexpectedly Emotional Big-Screen Adaptation

    Reba McEntire Details Personal Relationship With Late Stepson Brandon Blackstock – KNDU

    Reba McEntire Shares Emotional Tribute to Her Late Stepson Brandon Blackstock

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    The Anti-Tech Backlash Is Going to Grow Stronger – Jacobin

    The Anti-Tech Backlash Is Gaining Unstoppable Momentum

    Comments to EU Regarding the Draft Revised Technology Transfer Block Exemption Regulation and Technology Transfer Guidelines – Information Technology and Innovation Foundation

    Have Your Say: Share Your Thoughts on the Draft Revised Technology Transfer Block Exemption Regulation and Guidelines

    Ghost Tapping is exploiting tap-to-pay technology in order to steal your money; what your need to know – ABC7 New York

    Ghost Tapping: How Thieves Are Using Tap-to-Pay Technology to Steal Your Money and What You Need to Know

    New technology for grading and packing dates – FreshPlaza

    Revolutionary Technology Transforms Date Grading and Packing Process

    Project underway to upgrade technology on 911 towers in Kanawha County – WCHS

    Kanawha County Launches Major Upgrade to 911 Tower Technology

    Next steps: Technology opens new options for greater mobility – Missouri Independent

    Next Steps: How Technology is Opening Exciting New Doors to Greater Mobility

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Productivity key to real wage growth, says KPMG report

July 29, 2024
in Business
Productivity key to real wage growth, says KPMG report
Share on FacebookShare on Twitter

Is Australia’s productivity slump a crisis, or just a normal economic cycle?

A new KPMG report sheds light on the factors driving labor productivity and offers policy solutions to boost growth. The report emphasizes that concern is warranted if the downturn extends beyond the usual period.

Cyclic Nature of Productivity Growth

KPMG’s econometric analysis, using a framework similar to that of the US Federal Reserve, indicates that high productivity growth cycles in Australia typically last around two years, while low productivity periods extend slightly longer, typically three years. The last productivity high was in December 2022 as the country emerged from COVID lockdowns, which, counter-intuitively, were a time of higher productivity.

The report offers optimism, noting a close correlation with the US economy, which shows signs of emerging from a low growth period. However, low levels of technology investment and business confidence, coupled with elevated unit labour costs, may hinder a productivity resurgence.

Key Factors Influencing Productivity

The report identifies three primary factors driving aggregate labour productivity growth in Australia:

Momentum Effect: Productivity gains in the last quarter.

Workforce Composition: New workers entering the workforce, often less experienced or lower-skilled, especially in a tight labour market.

Skilled Foreign Workers: Their addition boosts productivity of native-born workers and introduces new skills and innovations, though this effect occurs with a lag.

Policy Recommendations

KPMG recommends three key pillars to lift productivity:

Improved Education and Training: For unemployed individuals to enhance skills and employability.

Redesigning Migration Policies: To ensure optimal utilization of skilled migrants.

Flexibility in Labour Mobility: Ensuring sufficient flexibility to allow for labour market adjustments.

The current high participation rate, partly due to the inclusion of long-term unemployed individuals, has contributed to the low productivity growth cycle. The phenomenon of ‘labour hoarding’ during COVID, where companies retained more workers than necessary, also plays a role.

Impact of productivity on wage growth

The report notes mixed evidence on the impact of migration during the COVID period but underscores the clear link between skilled migration and higher productivity. Since late 2022, the return of migrants has improved skills matching in the labour market.

KPMG’s research shows that while labour productivity is crucial for wage growth, universal policy settings are unlikely to be effective. Instead, industry-specific policies for capital and labour are recommended.

Dr. Brendan Rynne, KPMG’s Chief Economist and report lead author, stated: “Productivity is the key driver of real wage growth. Policymakers should be concerned about prolonged periods of low productivity growth. Our analysis suggests Australia should emerge from the current low productivity cycle by mid-next year, mirroring trends seen in the US.”

However, Rynne cautioned that low technology investment and business sentiment could impede this rebound. He emphasized the need for targeted skilled migration and visa systems to enhance productivity.

Impact of COVID on Productivity

The report highlights that the COVID period saw high productivity levels due to reduced hours worked outpacing output declines. Smaller firms, typically with lower productivity, cut hours more substantially than larger firms. Post-lockdown, a rapid recovery in hours worked led to a decline in labour productivity growth.

Border closures during the pandemic impeded access to skilled migrants, creating labour shortages. This demand was absorbed by an increase in hours worked, leading to negative productivity growth during 2022-23. The re-opening of borders has alleviated some shortages, but sluggish productivity growth persists.

Rynne concluded: “Re-opening borders and skilled migration are crucial for productivity. Education and training programs tailored to low-skilled workers can mitigate workforce exits. Employment frameworks must balance fair treatment and labour market flexibility to ensure economic stability.”

Keep up to date with our stories on LinkedIn, Twitter, Facebook and Instagram.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Dynamic Business – https://dynamicbusiness.com/topics/news/productivity-key-to-real-wage-growth-says-kpmg-report.html

Tags: businessgrowthproductivity
Previous Post

Twitter lives on: Why businesses aren’t buying the rebrand

Next Post

Three ways data can transform AI innovation for SMEs

Rapid radiations underlie most of the known diversity of life – Frontiers

How Rapid Radiations Drive the Incredible Diversity of Life

October 26, 2025

Seismic evidence for a highly heterogeneous martian mantle – Science | AAAS

October 26, 2025
Neanderthals could be brought back within 20 years — but is it a good idea? – Live Science

Could Neanderthals Walk the Earth Again in 20 Years? Unveiling the Exciting Possibilities and Risks of De-Extinction

October 26, 2025
Former L3Harris cyber director charged with selling secrets – theregister.com

Former L3Harris cyber director charged with selling secrets – theregister.com

October 26, 2025
The Anti-Tech Backlash Is Going to Grow Stronger – Jacobin

The Anti-Tech Backlash Is Gaining Unstoppable Momentum

October 26, 2025
‘Not Enough Adjectives’: How Yoshinobu Yamamoto Amazed His Dodgers Teammates – FOX Sports

Not Enough Adjectives’: How Yoshinobu Yamamoto Amazed His Dodgers Teammates

October 26, 2025
World Series 2025: Dodgers’ worst-case scenario plays out as Blake Snell, bullpen crumble in Game 1 vs. Blue Jays: ‘Not a good feeling’ – Yahoo Sports

World Series 2025: Dodgers’ Nightmare Unfolds as Blake Snell and Bullpen Collapse in Game 1 vs. Blue Jays

October 26, 2025
“Bending, not breaking”: The global economy’s new normal – J.P. Morgan

Bending, Not Breaking: Embracing the New Normal of the Global Economy

October 26, 2025
Meet Belynda From ‘Married at First Sight’ Season 19: Age, Job, Instagram and More – Yahoo

Meet Belynda from ‘Married at First Sight’ Season 19: Age, Career, Instagram & More Revealed!

October 26, 2025
80,000 Coloradans projected to drop health insurance amid premium spike – KUSA.com

80,000 Coloradans Expected to Lose Health Insurance as Premiums Soar

October 26, 2025

Categories

Archives

October 2025
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031  
« Sep    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (887)
  • Economy (908)
  • Entertainment (21,779)
  • General (17,812)
  • Health (9,949)
  • Lifestyle (921)
  • News (22,149)
  • People (909)
  • Politics (918)
  • Science (16,119)
  • Sports (21,408)
  • Technology (15,888)
  • World (891)

Recent News

Rapid radiations underlie most of the known diversity of life – Frontiers

How Rapid Radiations Drive the Incredible Diversity of Life

October 26, 2025

Seismic evidence for a highly heterogeneous martian mantle – Science | AAAS

October 26, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version