Labour productivity has grown by 0.2 percent annually, on average, between early 2015 and the end of 2023.
…average weekly earnings have increased only 1.6 percent between January 2015 and January 2024, or less than 0.2 percent per year.
This sounds like productivity is commensurate with pay. Maybe instead of advocating for interest rates to drop (which has issues of its own), we should be advocating for proper pay raises?
Edit to add a note: This comment is intending to call them out about poor wages. If you want more productivity, then pay us for it! I’m sick of doing the work of 3 people with measly, if any, wage raises!