Beyond GDP: Rethinking productivity in today's economy
Description
What does productivity really mean in today's fast-moving, tech-driven world – and are traditional measures still relevant?
In this episode of INTHEBLACK, take a fresh look at how to define and measure productivity in today's high-tech economy.
Longstanding metrics like multi-factor productivity (MFP) and gross domestic product (GDP) have shaped economic policy for decades – but are they still fit for purpose?
An expert guest expert draws on insights from the Australian Productivity Commission and his own research to explore:
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Why conventional productivity measures may no longer reflect real economic value
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Emerging alternative metrics that better capture today's workplace dynamics
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What this shift means for business leaders, finance professionals and policymakers
If you're a business owner, accountant or advisor looking to better understand the future of work and economic performance, this episode will give you the context – and questions – you need to stay ahead.
Listen now to uncover what productivity really is in today's economy.
Host: Garreth Hanley, podcast producer, CPA Australia
Guest: John QuiggIn, Professor of Economics at University of Queensland. He is prominent both as a research economist and as a commentator on Australian economic policy. He is a Fellow of the Econometric Society, the Academy of the Social Sciences in Australia. His latest book After Neoliberalism was released in 2024.
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