Loss of hearing is one of those human situations that in the real economic sense, affects economic factors like labour which are never taken put into context of how the health situation of the labour force impacts production and other economic activities. If it is, the relation to how communication can affect the efficiency of labour is lost in most cases.
A recent NHC Hearing Test carried out on behalf of the Cochlear Implant and Hearing Innovation and the Victorian Deaf Society of Australia, found out that hearing does affect the efficiency of labour in the economic market of production. The report states that one out of six Australians now suffer from some form and level of hearing loss or dysfunction and that by the year 2050 one quarter of Australia’s population will be suffering from hearing loss.
The report in stating this quantative reality did also make clear the economic impact of such a situation on the economic wellbeing of the Australian people. It did conclude that hearing, being a part of the overall process of communication, will affect the ability of the person affected to perform in normal productive life because their speech abilities is affected with in extreme cases some suffering complete loss of speech. These findings, however, may stay as research data as the National Hearing Care, part of the NHC Group, a leading hearing services provider in Australia and New Zealand which commenced operations in 1997 is now one of the most equipped medical research and treatment centres around the world. (more...)