In a bid to bolster their pay packets, Australians are working harder and longer, but not smarter and it’s leading to a productivity nosedive, fresh analysis has revealed. A new report, released by the Productivity Commission on Friday, has revealed while Australia has experienced a record breaking increase in theContinue Reading
Australia’s largest state economy is bracing for pain after being warned “tough choices” need to be made ahead of the NSW state budget. When Treasurer Daniel Mookhey hands down his first budget on Tuesday afternoon he is expected to lay bare the dire state of the state’s finances. Facing aContinue Reading
Australians are missing out on an extra $25,000 in their pay packets due to the global slide in productivity growth since the 1990s, new research from the Productivity Commission has revealed. Productivity – how efficiently labour can produce goods and services – has become a political flashpoint in recent months,Continue Reading
The boss of a notoriously private US hedge fund has revealed the secret to his incredible success – spending 2,000 nights sleeping in his office. Peter Brown, CEO of New York-based Renaissance Technologies, told a Goldman Sach’s podcast that “productivity-wise it’s really fantastic being able to spend nearly 80 straightContinue Reading
Hours-long daily commutes are contributing to the worst wellbeing for young Australians in two decades, the peak business lobby says. But the Business Council of Australia (BCA) — which has led calls for workers to return to the office — says more investment in infrastructure, not working from home, isContinue Reading
An economic blueprint for Australia’s next 40 years will show the ballooning cost to sustain an ageing population and the challenges to pay for it amid sluggish growth. The latest iteration of the Intergenerational Report will be released on Thursday, painting a picture for the next four decades. It willContinue Reading
Tougher rules that would make it harder for major corporations seeking to acquire their smaller rivals are set to be considered under a new two-year review into Australia’s competition settings. Announced by Treasurer Jim Chalmers and Competition assistant minister Andrew Leigh on Wednesday, a new two-year review will be managedContinue Reading
Building approvals have slumped to their lowest level in almost three years as soaring interest rates and surging material costs hammer demand for new housing. In the 2022-23 financial year, building approvals plunged by 18 per cent, with just 176,000 new dwellings approved in the 12 month period. This isContinue Reading
Australian businesses have been given access to one-on-one mentoring if they’re struggling with their online operations. The Albanese government on Monday announced the second round of the Australian Small Business Advisory Services Program. The program connects Australian businesses with advice and training to help them sell products online, with digitalContinue Reading