Lowe: Productivity, Wages and Prosperity

From rba.gov.au

I would like to thank Australian Industry Group (Ai Group) for the invitation to speak at this lunch today. I have participated in many Ai Group events over the years and I have always valued hearing from your members, so it is a pleasure to be here in Melbourne today. The title I have chosen for my remarks this afternoon is ‘Productivity, Wages and Prosperity’. I know that these three issues are important to your members and they are also important to the broader Australian community. Australians enjoy a level of economic prosperity that few other people in the world enjoy. Per capita incomes here are high and ... (full story)