Salmon Inquiry Report: Comprehensive Marine Plan Now
The long-awaited Legislative Council Fin Fish Farming in Tasmania Inquiry report tabled in Parliament today, highlights the many problems faced by the industry. The Australia Institute Tasmania commends the Committee’s call for an overarching Marine Plan for Tasmania through a comprehensive stakeholder consultation, informed by assessment of environmental, social and recreational values, with a transparent
Unemployment: More People Gave Up Looking for Work Than Got a Job
Key Points: Unemployment falls 0.1% to 3.9% 4,000 jobs created in last quarter, but unemployment fell by 11,000 7,000 people gave up looking for work this quarter, shown by the participation rate falling to 66.3% (from 66.4%) “Today’s ABS statistics reveal that more people gave up looking for work than found a job in the
WPI: Worst Real Wage Decline This Century
“The latest wages data show that real wages in the past 12 months fell 2.5%. This horror result for workers shows that not only are wages not putting pressure on inflation but that workers are not seeing the benefits of lower unemployment,” said Greg Jericho, employment & fiscal policy director at the Australia Institute’s Centre
5% Pay Rise Would Still See Big Business More Profitable Next Year
Research released today reveals that companies like Woolworths and the Commonwealth Bank are under no pressure to pass on a 5% increase in the minimum wage as a 5% increase in their prices. The research finds that boosting workers’ wages by 5% would lead to an increase in prices across the economy of less than
One in Five Worked with COVID Symptoms; Sick Leave Entitlements Must Be Strengthened
Almost one in five Australians (and a higher proportion of young workers) acknowledge working with potential COVID symptoms over the course of the pandemic, according to new opinion research released today by the Australia Institute’s Centre for Future Work. The research confirms the public health dangers of Australia’s patchwork system of sick leave and related
Wages Will Continue to Lag Without Targeted Wage-Boosting Measures: New Report
A comprehensive review of Australian wage trends indicates that wage growth is likely to remain stuck at historically weak levels despite the dramatic disruptions experienced by the Australian labour market through the COVID-19 pandemic. The report finds that targeted policies to deliberately lift wages are needed to break free of the low-wage trajectory that has
Why commentary that wages growing in line with inflation will drive up inflation is completely misguided
Today the opposition leader, Anthony Albanese was asked about wages in the following exchange: Journalist: “You said that you don’t want people to go backwards. Does that mean that you would support a wage hike of 5.1% just to keep up with inflation? Anthony Albanese: “Absolutely”. Any other response would be to suggest that real
Inflation Good for Budget but Bad for Voters
Surging inflation is driving record increases in government tax revenue while simultaneously pushing down workers’ real wages, according to new Australia Institute analysis of Treasury forecasts released today. As the figure below shows, Treasury forecasts of Commonwealth spending are well above the spending forecasts made pre-covid and, more significantly, well above the levels forecast in
Pandemic Workforce Crisis Requires TAFE Investment in Early Childhood Education to Boost Economy: Report
A new report has found pandemic workforce shortages should be tackled through investment in Early Childhood Education and Care (ECEC) to boost employment, unlock productivity and support life-long development outcomes for children. The research report launched today, ‘Educating for Care: Meeting Skills Shortages in an Expanding ECEC Industry’ has called for the sector to be
How do Nordic countries make housing affordable?
Australia’s housing affordability crisis results from over- reliance on just two options – private home ownership and private renting. To tackle it, a wider repertoire of policies is required. Nordic nations’ widespread provision of public housing and housing co-operatives, priority for homes to live in rather than invest in, and effective reduction of homelessness, show
April 2022
Housing Affordability Crisis Requires Nordic Policy Solutions: Experts
The key driver of Australia’s acute housing affordability crisis is its over-reliance on just two housing options – private home ownership and private renting. New research from the Australia Institute’s Nordic Policy Centre shows that Nordic countries have a wider repertoire of policies, and Australia can learn from policies that are already in practice in
Free Undergraduate Education to Save Universities and Jobs: Report
The next federal government can save universities, make undergraduate education free for all Australians and employ tens of thousands of staff securely by lifting the public spend on higher education to just one per cent of GDP, according to a landmark new report. The Australia Institute’s Centre For Future Work report shows, if the federal
$7.4b Dam Announcement Doesn’t Hold Economic Water: Research
New research has found that the Federal Government’s announcement that it will spend $7.4b on dams does not deliver value for money and provides less employment and GDP growth than if the same amount were invested in other parts of the economy. The research reveals that if the $5.4b announced for the Hells Gate Dam
Aged Care: A System of Neglect
It’s not that long since the Royal Commission into aged care quality and safety handed down its findings Describing Australia’s aged care system as a shocking tale of neglect that needs a complete overhaul and not mere patching up. This is the third episode of a special series we are doing with our chief economist
Australian Youth Job Guarantee Needed to Repair Pandemic Devastation: New Report
Australia should follow the European example and introduce a Youth Job Guarantee, according to a new report from the Australia Institute which reveals the true extent of youth employment devastation during the pandemic. Despite representing just 14 per cent of workers, the new report, ‘Youth unemployment and the pandemic’, shows young people (aged 15-24) bore 39
Low wage growth in Australia didn’t happen by accident – it’s the system working as intended
The only people in Australia who can boost wage growth are employers and the only way they can do that is by giving people pay rises.
Universal Public Early Child Education in Australia Would Pay For Itself: Research Report
Making Early Child Education and Care (ECEC) universal in Australia would pay for itself by unlocking women’s labour supply, boosting GDP and growing government revenues by billions, according to new research from the Australia Institute’s Centre for Future Work. With cost of living shaping up as a key election issue, policy experts say boosted funding would
Federal Coal Closure Changes No Substitute for Real Roadmap
Statement in response to Federal Government announcement it seeks to delay coal fired power plant closures by introducing new rules that five years’ notice must be provided before closing power stations. “What we are seeing is another knee-jerk reaction from Minister Taylor because Australia’s Energy Minister was left out of key negotiations on Australia’s largest
Unpacking the 2022 Federal Budget
This week on Follow the Money we’re unpacking the 2022 Federal Budget. Who are the winners and losers, and what does it all mean with an election looming? Recorded live on 31st March 2022 and things may have changed since recording. The Australia Institute // @theausinstitute Host: Ebony Bennett, Deputy Director, Australia Institute // @ebony_bennett
SA Polls: Boothby, Sturt Contests Heat Up as Voters Back Protecting Great Australian Bight
Post-Budget surveys in the South Australian federal electorates of Boothby and Sturt have shown both seats could be in play at the upcoming election, with a mixed reaction to the Budget and a strong desire for protecting the Great Australian Bight recorded by voters. Key results, Boothby: 2PP: Labor Party 57%, Liberal Party 43%. Four
Coalition’s federal budget prioritises re-election over good of Australians
Economists are fond of saying that Budgets reveal a government’s priorities and this year’s federal budget reveals the Morrison government’s number one priority is getting re-elected. In one way, that’s understandable- all governments want to be re-elected. But as the Treasurer’s speech outlined, these are uncertain times. Australia is facing some very real problems like
March 2022
It’s Official: Scott Morrison Has Given Up On Trying To Win Over Young Voters
Scott Morrison is betting his political life that young people won’t pay much attention to tonight’s budget or change their vote if they did. This is why he announced no new spending to help those struggling with high rents, high uni fees, or expensive public transport in this year’s Federal Budget. And it’s why he
Alison Pennington: Budget billions wasted as real wages go backwards
The federal government’s budget would have us believe that the cost of living is a sudden problem because of higher oil prices. But the real reason people are feeling the pinch is because their real wages are going backwards. The budget forecasts wage growth of 2.75 per cent in 2021-22, below inflation which is forecast
Removing Designated Fathers Leave Threatens to Worsen Gender Inequality
“Australia has missed a great opportunity to improve its parental leave policies, invest in children’s early years, support parents and improve gender equality,” said Professor Andrew Scott at Deakin University and Convenor of The Australia Institute’s Nordic Policy Centre. “The Budget decision to abolish the designation of two weeks parental leave for fathers from Australia’s
Fuel Excise Cut ‘Bad Economic Policy’
The Federal Government Budget 2022 has cut the fuel excise by 22 cents for a six month period. “The fuel excise cut is bad economic management, bad economic policy, and bad policy full stop,” said Richie Merzian, climate & energy director at the Australia Institute. “For the last nine years this government has kept Australians
Are fossil fuel subsidies ending or accelerating?
Australia has committed to reach net zero emissions by 2050. The United Nations Secretary General has said that it’s time to end fossil fuel subsidies, so are fossil fuel subsidies in Australia ending or accelerating? The Australia Institute has crunched the numbers. This episode was recorded on Tuesday 29 March 2022, prior to the federal
New Analysis: $75 Billion Tax Grab by Business Council of Australia
On the eve of the Budget and a Federal Election, the Business Council of Australia (BCA) has renewed its advocacy for a company tax cut for big business. New Australia Institute analysis finds that the BCA’s proposed tax cut would cost the Budget up to $75 billion dollars over the next decade. The BCA offers nothing
83 Percent of Beer Excise Cuts Would Flow to Men
Cutting the excise on beer from kegs is an ineffective and inequitable way to support the hospitality sector, reduce cost of living pressures, and reduce excessive drinking according to a new report released by The Australia Institute. “The overwhelming majority of beer drinkers in Australia are men, and the overwhelming majority of hospitality venues don’t
New Research: Australia’s Skills System Continues to Crumble After COVID
Australia’s vocational education and training (VET) system shows growing signs of erosion, fragmentation and dysfunction, according to new research from the Australia Institute’s Centre for Future Work. The research reveals a grim picture of a VET system starved of consistent funding or focus, fragmenting into scattered offerings of non-accredited and ‘micro-credential’ courses, mostly provided by
Stage 3 Tax Cuts Go to Wealthy Occupations, Low & Middle Income Earners Miss Out: Report
New economic research reveals that the Stage 3 tax cuts proposed by the Federal Government will give Bank CEOs, surgeons, and federal politicians a windfall tax cut of $9075, while low-income workers like aged care workers, disability careers and minimum wage employees get $0.
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