I agree with Carolyn Rogers.
I think you could characterize this as an emergency. It's a long-standing emergency. The productivity crisis actually predates this government, so it's been a long time coming. I certainly know that governments have been aware of the problem. There is no magic bullet. This is not a matter of setting up a fund or cutting one tax to solve productivity.
Part of the challenge relates to the labour force. Everyone knows about the rate of immigration in the case of temporary migrants and in the case of those migrants who work at low wages. That has an impact on the incentives for businesses to invest. If labour is expensive, businesses will invest in labour-saving innovations. If labour is cheap, then they won't do that.
We have had a policy in this country for a long time that tends to ensure that there's a cheap supply of labour. There are trade-offs there too, though; make no mistake. If people are concerned about the cost of living and then you suddenly have to start paying people $30 to work at Tim Hortons, that's going to impact the price of your coffee.
I think it was Thomas Sowell who said, “There are no solutions. There are only trade-offs.” You can increase productivity by reducing that pool of cheap labour, but there are going to be knock-on effects in terms of prices.