Introduction
Economics is in essence concerned with how we grow the pie , and how we divide the pie . The importance of the latter has for a number of economists waned in recent years, which is unfortunate.
The ACCC does not directly target economic growth or inequality, but our work has important implications for both. For example, a lack of competition will see less investment, innovation and lower productivity. Unchallenged economic rents, of course, favour those who benefit from them at the cost of those who do not.
These points are more important than ever with the continuing effect of and recovery from COVID-19.
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Date Time
Improved access to key online services during COVID
Increased broadband speeds have improved performances of popular streaming services such as Netflix and YouTube during mid-September and October when compared to a pre-COVID baseline of February 2020.
The ACCC’s second Critical Services Report released today, tracks the performance of the NBN fixed-line broadband connections that support popular streaming and video conferencing services.
“These improvements are welcomed given the sustained increase in the use of video streaming services due to the pandemic,” ACCC Chair Rod Sims said.
In the first two weeks of October, Netflix’s daily download speed improved to be between 6 to 7 per cent higher than its February 2020 baseline. Over the same period, YouTube’s daily download speed was between 1 to 4 per cent higher than its February 2020 baseline.