Because Australian labour markets are more controlled and regulated than those in many European countries, labour productivity has grown relatively faster in Australia.

Question

Quizplus · Accepted Answer

Labour productivity growth is influenced by a variety of factors including innovation, education, and investment in technology, not just the level of control and regulation in the labour market. Comparisons between countries like Australia and those in Europe need to account for these diverse influences, and there is no direct correlation that more regulated labour markets lead to faster productivity growth.

Because Australian Labour Markets Are More Controlled and Regulated Than