As approvals for public sector housing hit 2 year lows, the ambition for more public housing needs to be even greater than the government’s 20,000 in 5 years target.
The latest wage rises from enterprise agreements show good improvement, but overall, workers continue to see their wages lag behind inflation
Business groups like the ACCI and AI Group say they want higher wages, but their recommendations for minimum wage rises show they rarely want real wages to rise
In defending the Stage 3 tax cuts in parliament, Angus Taylor inadvertently highlighted the real benefits for low-middle income earners comes from Stages 1 and 2.
The latest enterprise agreements figures show small signs of wage growth and once again the benefits of being in a union
In 2020-21 the biggest companies in Australia were able to reduce their taxable income to just 12% of their total income
Wages are rising within the RBA’s target band of inflation but profits are soaring 7 times that rate. And yet the RBA is more concerned with rising wages than profits
The Stage 3 tax cuts are not just unfair, they create a massive hole in the budget
Right now the gas industry is booming, but the Petroleum Resource Rent Tax is not.
People around Australia have been seeing the advertised prices of rents increasing, now the inflation figures are catching up.
The Government acknowledges the need to get wages growing again, but the budget reveals just how big the task is
Australia’s and Norway’s economies both have massively profitable resource industries, but Norwegians receive a much larger and fairer share
The Stage 3 tax cuts will only balance out the tax increase from the end of the low-middle income tax offset for those earning above $97,000
The end of the Low-Middle Income Tax Offset will deliver a tax increase of up to $1,500 for people earning under $90,000 – a 3% tax rise for someone on $50,000
Taxation data shows which occupations will get the biggest cuts – and how few people work in them
If you wanted to address bracket creep, the Stage 3 tax cuts would be the worst way to do it.
Enterprise agreements in June averaged just 2.8% annual wage growth – well below inflation.
Enterprise bargaining agreements deliver better wages, but union backed ones deliver the best.
A strong, progressive tax base and quality public services are the keys to reducing inequality
The past 2 years has seen a surge in the number of people working multiple jobs
The Stage 3 cuts will cut revenue that could be used for much needed services and programs
Ten years of productivity gains has resulted in a zero increase in real hourly wages
The latest GDP figures show more than ever before workers are getting less than their fair share
Profits continue to soar ahead of wages
Counting land use might make things look better, but it is a fake picture of Australia’s emissions
77% of the benefits of the Stage 3 tax cuts will go to the richest 25%
When you count earnings per waged hours it is very clear that real wages have not kept up with productivity
Off the Charts is curated by Greg Jericho, Chief Economist at the Australia Institute and the Centre for Future Work.
Luciana Lawe Davies Media Adviser