Early Edition with Kate Hawkesby
Ryan Bridge: Our country deserves more than an economic recovery
- Autor: Vários
- Narrador: Vários
- Editor: Podcast
- Duración: 0:02:10
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Sinopsis
The RBNZ update this week again made the point that yes, the economy's in bounce back mode. We'll grow 2.5% next year, they reckon. But this country needs more than that. It deserves more than that. The problem for us is, and has been for about the past 30 years, productivity. How much we get out for what we put in. We went sideways and it's now falling. As you know, this is a bad thing. It's taking us more people and resources to make less stuff. It puts a ceiling on success. It's a wealth killer. Some reckon it's the canary in the coalmine - the thing we should care about most because we're basically sleepwalking into third world status. Like falling asleep on a plane and waking up in a different country, we'll one day wake up outside the OECD. The solution, in part, is AI. The World Economic Forum had some numbers showing it can boost labour productivity in developed countries by up to 40% over the next 15 years. The richer your country, the more you gain, which sta