Presentations - 3rd Growth and Resilience Dialogue With Social Partners

Total Factor Productivity Growth

TFPG is a measure of long-term technological change or technological dynamism. It measures how resources are being combined to produce more outputs.

TFPG accounts for up to 60% of growth within economies

Which of these two workers… - Produces more? - Requires more skill? - Is paid more?

Productivity drives profits Productivity drives wages

If productivity rises, wages and profits rise as well.