Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 

Poor productivity no surprise, but how are we addressing it?

The EMA is not surprised at the results of the Productivity Commission research that highlights the cost of the country’s poor productivity performance.

Chief executive Brett O’Riley says that New Zealand’s labour productivity growth has underperformed for decades is not new, and reiterates that the government must make addressing it a priority.

"We didn’t see this in last month’s first Wellbeing Budget but it is essential to achieving the economic prosperity needed to provide the funding to deal with the difficult and complex social issues the government is tackling," he says.

However, the $300m of expansion capital for start-ups in the budget is a significant step in recognising that access to capital is crucial to businesses being able to invest in technology and processes that can increase productivity. The EMA is working with the government in this area, particularly around manufacturing and for exporters.

"Our hope is that the 2020 Budget focuses more on driving better productivity, higher wages and further growth in the economy, and the Productivity Commission report also highlights the urgent need to address this."

Mr O’Riley says rather than looking at how poorly New Zealand’s productivity performance is compared to other OECD countries, we should be looking at who is performing best and using them as an example.

Businesses need access to capital that will enable them to modernise their plants and systems, and Government-led programmes and incentives are crucial. Initiatives such as the Provincial Growth Fund are excellent, but there need to be more because it is not making an overall material difference.

Another barrier to better productivity for EMA members and other businesses across the country is increasing amounts of legislation and the cost of compliance with it.

A recent EMA-commissioned NZIER report estimated the cost of this at $5b (based on last recorded figures from 2012), or 2.5 per cent of Gross Domestic Product (GDP), resulting in lower productivity, lost opportunities and burn-out.

"In the future people will be doing different jobs in different ways so we must all move on and embrace the modern workplace and patterns of work. At a bare minimum let’s make it easier for business to be more productive, because in many cases their survival depends on it," says Mr O’Riley.

The EMA welcomes the opportunity to continue to be part of the government’s planning to improve productivity in New Zealand for the benefit of all.

ENDS


© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Saudi Oil Refinery Crisis

So the US and the Saudis claim to have credible evidence that those Weapons of Oil Destruction came from Iran, their current bogey now that Saddam Hussein is no longer available.

Evidently, the world has learned nothing from the invasion of Iraq in 2003 when dodgy US intel was wheeled out to justify the invasion of Iraq, thereby giving birth to ISIS and causing the deaths of hundreds of thousands of people. More>>

 

PM To Japan, New York: Ardern To Meet Trump During UN Trip

“I’m looking forward to discussing a wide range of international and regional issues with President Trump, including our cooperation in the Pacific and the trade relationship between our countries." More>>

PM's Post-Cab: "A Way Forward"

At Monday's post-cabinet press conference, Prime Minister Jacinda Ardern announced a number of actions in response to the Labour Party's mishandling of sexual assault complaints. More>>

ALSO:

Gordon Campbell: On Allegations Of Left Wing Media Bias

“Left wing bias” accusations date back at least to the mid 1990s... The charge of left wing bias was ridiculous then, and is ridiculous now. More>>

Next Wave Of Reforms: Gun Registration And Licensing Changes Announced

“The Bill includes a register to track firearms and new offences and penalties that can be applied extraterritorially for illegal manufacture, trafficking, and for falsifying, removing, or altering markings – which are a new requirement under the Firearms Protocol.” More>>

ALSO:

Gordon Campbell: On Labour’s Mishandling Of The Alleged Sexual Assault

The focus of Labour’s alleged sexual assault scandal has now shifted from the party organisation to the Beehive... This is now a crisis of Beehive management and response, not something occurring at a distance within the party organisation. More>>

ALSO:

'History Rectified': Rua Kēnana To Be Pardoned

An official pardon for Tūhoe prophet and leader Rua Kēnana is one step closer after the Te Pire kia Unuhia te Hara kai Runga i a Rua Kēnana: Rua Kēnana Pardon Bill was read in Parliament for the first time today. More>>

ALSO:

Mental Health: Initial Mental Health And Wellbeing Commission Appointed

The Government has announced details of the initial Mental Health and Wellbeing Commission which will play a key role in driving better mental health in New Zealand. More>>

ALSO:

people outside the meeting house at WaitangiEducation: NZ History To Be Taught In All Schools

“We have listened carefully to the growing calls from New Zealanders to know more about our own history and identity. With this in mind it makes sense for the National Curriculum to make clear the expectation that our history is part of the local curriculum and marau ā kura in every school and kura,” Jacinda Ardern said. More>>

ALSO:

Sexual Assault Claims Mishandled: Labour Party President Resigns

Jacinda Ardern: “This morning I was provided some of the correspondence from complainants written to the party several months ago. It confirms that the allegations made were extremely serious, that the process caused complainants additional distress, and that ultimately, in my view, the party was never equipped to appropriately deal with the issue…" More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels