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Bram Black

Bram Black

Chief Executive of the Business Council of Australia since September 2023, previously a corporate lawyer and chief of staff in four NSW ministerial portfolios.

Sep 14, 2026

4:19
If we were to enact those reforms tomorrow in a hypothetical, do you think we'd be able to achieve the three percent growth over the next four years we'd need to match the growth we'd like to see?
4:28
Well, what our analysis does indeed show is that at the moment, if you look at our performance over the course of the last decade, we are averaging, uh, minus point one of a percent in productivity growth each year.
4:40
Uh, in order for us to achieve our twenty-ten average of one point two percent productivity growth over that period of time, we would need to see productivity improvement for the residual four years in this decade of three percent a year.
4:55
Now, that's extremely difficult.
4:57
It is extremely difficult, but we hope that with the right type of attention, nothing can be beyond Australia.
5:03
We know from the Productivity Commission's analysis that if we could deliver a one point six percent average in productivity growth, then by twenty-thirty-five, the average Australian worker would be about fourteen thousand dollars a year better off.
6:02
And what role do you see AI, AI playing in improving productivity long term, both in the investment in data centers, but also in its capacity to boost output per worker?
6:12
There is no question that artificial intelligence has a real role to play in boosting Australia's productivity, but we shouldn't be putting all of the, uh, productivity eggs in the AI basket, if you will, because we see that other countries are looking to make their underlying settings more competitive as well.

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