{"id":8143,"date":"2025-07-20T10:05:12","date_gmt":"2025-07-20T10:05:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/8143\/"},"modified":"2025-07-20T10:05:12","modified_gmt":"2025-07-20T10:05:12","slug":"ai-plus-back-to-basics-teaching-will-lift-australia-out-of-its-productivity-rut","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/8143\/","title":{"rendered":"AI plus back to basics teaching will lift Australia out of its productivity rut"},"content":{"rendered":"<p>Australia\u2019s labour productivity has averaged just 1.2 per cent since 2005. That\u2019s about half the rate we achieved in the 1990s. And that\u2019s a problem because of Paul Krugman\u2019s famous aphorism: \u201cA country\u2019s ability to improve its standard of living over time depends almost entirely on its ability to raise its output per worker.\u201d<\/p>\n<p>And seemingly small differences in annual rates have big medium-run effects. If we grow productivity at 2.5 per cent a year, living standards will double every 28 years. If we grow productivity at 1 per cent a year, our living standards will increase only by a third over the same period.<\/p>\n<p>Loading&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"Australia\u2019s labour productivity has averaged just 1.2 per cent since 2005. That\u2019s about half the rate we achieved&hellip;\n","protected":false},"author":2,"featured_media":8144,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,99,164],"class_list":["post-8143","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-au","tag-australia","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/8143","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=8143"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/8143\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/8144"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=8143"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=8143"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=8143"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}