# The productivity problem driving up interest rates

An episode of [7am](https://invisiblenetwork.ai/podcast/1461999702), 14 Oct 2026, 15 min.

Audio: https://p.podderapp.com/2544644999/traffic.omny.fm/d/clips/2fb3740d-3436-44af-8cc0-a91900716aa5/62723a1f-3e96-4fc4-882c-b25e0181da4d/2f12bb23-bec6-429c-94ef-b4e30062deed/audio.mp3?utm_source=Podcast&in_playlist=70f29d90-2a63-48aa-bf8f-b25e0181da70

For generations, Australians could reasonably expect that their lives would be more prosperous than their parents. But over recent years, that bargain has started to break down. Productivity growth has barely moved for a decade. We’re working more hours, without producing much more for each hour we work, and that stagnation is showing up in incomes, living standards and rising interest rates. Now with economic growth under pressure, the government is betting that new technology, particularly artificial intelligence, can help turn things around. Today, Productivity Commission Chair Danielle Wood, on why Australia has stopped becoming more productive, whether AI can change that, and what happens if it can’t. If you enjoy 7am, the best way you can support us is by making a contribution at 7ampodcast.com.au/support. Socials: Stay in touch with us on Instagram Guest: Productivity Commission Chair Danielle Wood Photo: AAP Image/Dean Lewins See omnystudio.com/listener for privacy information.

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