Why is productivity going backwards and how do we fix it? | That's Business with Alan Kohler

For years, Australia has managed to avoid some hard questions. Why is productivity growth going backwards? Why do wages, housing, and living standards feel under pressure? And how long can the country keep relying on good fortune instead of serious reform? Danielle Wood, Chair of the Productivity Commission, is at the centre of that debate. She joins That's Business to talk about what has gone wrong, whether governments have let the reform task slide for too long, and why AI could either help lift productivity - or create a whole new set of challenges. It’s a conversation about why Australia feels stuck, what it would take to change course, and whether anyone in politics is really prepared to do it. Danielle Wood joins Alan Kohler to unpack it all on That's Business with Alan Kohler. Chapters: 00:00 - Intro to Danielle Wood 02:00 - What is the productivity commission? 03:50 - What has happened with productivity over the last 30 years? 07:13 - The Keating and Hawke years 09:50 - Productivity recommendations and implementation 11:00 - Five pillars of productivity 12:50 - Productivity summit 17:10 - Capital Gains Tax discount 18:09 - Artificial Intelligence and productivity 20:24 - Artificial Intelligence and job losses 27:00 - Construction of housing 28:00 - Housing affordability 31:00 - 'The Housing Theory of Everything' Subscribe: http://ab.co/1svxLVE ABC NEWS provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation. For more from ABC NEWS, click here: https://ab.co/2kxYCZY Watch more ABC NEWS content ad-free on ABC iview: https://ab.co/2OB7Mk1 Go deeper on our ABC NEWS In-depth channel: https://ab.co/2lNeBn2 Like ABC NEWS on Facebook:   / abcnews.au   Follow ABC NEWS on Instagram:   / abcnews_au   Note: In most cases, our captions are auto-generated. #ABCNEWS #ABCNEWSAustralia