Higher employment has driven income growth, not productivity
The Treasury says there is no single cause of, or silver bullet for, the country’s poor productivity.
The Treasury is worried about New Zealand’s poor productivity performance.
The Treasury has warned New Zealand will not experience strong per capita income in the future without lifting its ailing productivity performance.
In a paper to Finance Minister Nicola Willis, the Treasury pointed out New Zealand had lagged other developed countries since the 1970s.
“This matters
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