I've been thinking about your question, but there doesn't seem to be a simple answer. The problem is the trade-off between 'here and now' pressure on firms to remain competitive against investing for 'there and then' and future productivity gains. What firms could do more of is take advantage of tax write offs for software and training.
That’s an interesting insight. It feels like I knew this intuitively without being able to articulate the idea. What would be the smallest common change to take advantage of this concept?
Hi Andre
I've been thinking about your question, but there doesn't seem to be a simple answer. The problem is the trade-off between 'here and now' pressure on firms to remain competitive against investing for 'there and then' and future productivity gains. What firms could do more of is take advantage of tax write offs for software and training.
“Efficiency trumps productivity in construction.”
That’s an interesting insight. It feels like I knew this intuitively without being able to articulate the idea. What would be the smallest common change to take advantage of this concept?