New Zealand is falling behind in terms of digital competitiveness.
A new report has revealed that the country’s manufacturing sector is the weakest performer in terms of productivity over the past 20 years.
The annual growth rate of labour productivity and manufacturing is only 0.92% over the last decade, sitting below the New Zealand average of 1.17%.
Employers and Manufacturers Association CEO, Brett O’Reily, told Mike Hosking that we’re falling behind because we refuse to put in place things like the accelerated depreciation scheme.
He said that there’s a lack of incentive for businesses to grow their productivity.
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