Dear John,
Labor productivity – also known as workforce productivity – is defined as real economic output per labor hour. It is directly linked to improved standards of living.
Unfortunately, a new Fraser Institute study out today finds that Australians enjoy higher labour productivity growth — and living standards! — than Canadians.
In recent years, Australia has done a better job capitalizing on its natural resources than Canada –particularly when it comes to improvements in their mining and energy sector.
Learn more by checking out the full study here [[link removed]].
Sincerely,
Niels Veldhuis
President
The Fraser Institute
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