Follow the Money // Economics
The Australia Institute’s Follow the Money podcast explains Australia’s big economic issues in plain English. We bust myths, dissect politics, interpret econobabble and help you sound really smart at your next dinner party, with host Ebony Bennett.
Super Expensive, Super Unfair
Superannuation is supposed to help us save for our retirement, and tax concessions on super are meant to reduce the burden on the government to fund our retirement through the age pension. But what are these concessions, and are they really working in the way they are intended to? To help explain, we’re talking to
Interest Rates are Sky-High, Who’s to Blame?
Australians are doing it tough at the moment, with cost of living soaring, real wages falling at a record pace, and the RBA’s nine back-to-back interest rate rises only making things harder, all in the name of reducing inflation. Some commentators are warning of a ‘wage price spiral’. But what is really driving inflation? This
The Pain is the Plan
The RBA recently raised interest rates again for the ninth time in a row, in an effort to reduce inflation. But is the pain the interest rate rises causing worth it? And could they do anything else instead? This was recorded on Wednesday 8th February 2023 and things may have changed since recording. The Australia
How to Not Waste $300 Billion
The new ‘Build Your Own Budget’ tool released by the Parliamentary Budget Office reveals that despite how all-or-nothing the debate about the Stage 3 tax cuts has become, the $300bn cost of the tax cuts over 9 years provides an opportunity for the Albanese government to amend the tax cuts and also increase support for
Summer Series – August in Kabul with Andrew Quilty [Webinar]
Our summer podcast series brings you some of the best conversations from our webinars in 2022. Andrew Quilty was one of a handful of Western journalists who stayed in Kabul as the city fell. His new book August in Kabul his first-hand account of those dramatic final days. This was recorded on Wednesday 3rd August 2022
Summer Series – Joseph Stiglitz: The Role of Government in the Modern Economy [Webinar]
Our summer podcast series brings you some of the best conversations from our webinars in 2022. Earlier in the year the Australia Institute hosted Nobel Laureate Professor Joseph Stiglitz for a speaking tour of Australia. In this episode he, Richard, and Ebony discussed the need to expand the role of governments, unions, and civil society.
Go Home On Time Today!
New research shows Australian workers are on average working 6 weeks unpaid overtime per year, costing over $92 billion dollars in unpaid wages across the economy. 2022 marks the fourteenth annual Go Home on Time Day (GHOTD), an initiative of the Centre for Future Work at the Australia Institute that shines a spotlight on overwork
Three’s Company: What is multi-employer bargaining?
To combat persistently low wages growth, the Government has put forward its Secure Jobs Better Pay Bill, currently before the Senate. The most contentious reform within the Bill is ‘multi-employer bargaining’. We’ve heard employer groups call it a ‘seismic shift that will increase strikes’. On the other hand, unions are calling the reforms moderate. What
October Budget Wrap
The October Budget delivers on a range of welcome bread & butter commitments, but has deferred solving Australia’s meat and potatoes revenue problems. So who are the winners and losers, and what are the missed opportunities? This was recorded on Thursday 27th October 2022 and things may have changed since recording. The Australia Institute //
It’s a No-Brainer!
Gas companies in Australia made up to $40 billion in windfall profits in the last year due to the war in Ukraine, and global price spikes. There are growing calls for a windfall profits tax to claw back some of these war profits, to fund essential services in Australia. This was recorded on Tuesday 18th
Where’s the middle (income)?
As pressure builds for the Albanese government to scrap the promised Stage Three tax cuts, discussion has shifted around who would lose out. The Australian said it would mean “2.5 million middle income Australians will pay thousands of dollars in additional tax,” but describes middle income Australians as individuals earning between $120,000 and $160,000 a
The Case for Dumping the Stage 3 Tax Cuts
The $240 billion Stage 3 Tax Cuts, originally legislated by the Coalition government, have been described by the Labor government as an election promise they won’t break. But calls are growing for the cuts to be scrapped, having been labelled tax cuts for the wealthy amid a cost of living crisis. This was recorded on
Safeguarding the ability to increase emissions
Labor’s climate bill cleared the Senate last week. It’s a pretty modest bill, and doesn’t include any measures to actually reduce emissions in the private sector. That’s where the Safeguard Mechanism comes in – which is a voluntary scheme that affects the nation’s biggest industrial emitters, and is the Government’s main policy it will use
What happened at the Job Summit?
This week on Follow the Money Ebony is sitting down with Greg Jericho to discuss the Jobs Summit: what happened, why was it needed, and are we going to get any jobs out of it? This was recorded on Tuesday 6th September 2022 and things may have changed since recording. The Australia Institute // @theausinstitute
Us versus Them
When you think about Australia’s entire economy, what share of that pie do you think goes to workers (via wages) compared to business (via profits)? The Business Council of Australia is making some bold claims that the profit share of income has fallen, but does the data back that up? In this episode we unpack
Uluru Statement from the Heart: Sydney Peace Prize winner [webinar]
Join First Nations leaders Pat Anderson AO and Professor Megan Davis for a conversation about the Uluru Statement from the Heart and its three objectives: a Voice to Parliament, Treaty, and Truth. A webinar in partnership with the Sydney Peace Foundation. This was recorded on Wednesday 3rd August 2022 and things may have changed since
The First Fortnight of the 47th Parliament
We are nearly at the end of the first sitting fortnight of the 47th Parliament, and it has been a packed agenda. This week we’re unpacking quick recap of how much things have changed in this new Parliament, and what changes are likely on the horizon. This was recorded live on Wednesday 3rd August 2022
What’s really driving inflation?
Why is everything so expensive? And will a wage increase just make it worse? New research shows that only a trivial portion of Australia’s inflation has come from wages this year, while rising prices continue to drive not just inflation, but profits to record highs. This was recorded on Tuesday 26th July 2022 and things
Follow the Money LIVE!
For this special live episode of Follow the Money, the panel will be discussing: A New Agenda for a New Parliament: Climate Action, International Affairs & Integrity – Yes Please! bringing together diverse knowledge on all fronts of climate & energy, international & security affairs, and integrity issues. This was recorded on Wednesday 13th July
Joseph E. Stiglitz: The Role of Government in the Modern Economy [Webinar]
Join Nobel Laureate, former World Bank Chief Economist, and best-selling author Professor Joseph E. Stiglitz, in conversation with Australia Institute chief economist Dr Richard Denniss, about the need to expand the role of governments, unions, and civil society. Professor Stiglitz is visiting Australia as a guest of the Australia Institute. This was recorded on 11th
26 Years Later
The Parliaments of the Northern Territory and the Australian Capital Territory have been banned from legislating voluntary assisted dying laws, but the new government and members of the new Parliament are seeking to restore Territory Rights as a matter of priority. This was recorded on Tuesday 5th July 2022 and things may have changed since
Phasing out Fossil Fuels with Adam Bandt [webinar]
Australia cannot solve the climate crisis while we keep opening new gas fields and coal mines. In this episode we’re listening back to our webinar with Greens Leader Adam Bandt MP for a discussion about how Australia can rapidly transition to a clean energy economy and move beyond fossil fuels. This was recorded on Thursday
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
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
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
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
A budget for buying votes or backing workers? [webinar]
Today we bring you another conversation from the Australia Institute’s webinar series. The Coalition Government’s ninth Federal Budget on 29 March will be an election Budget. Against the backdrop of a cost of living crisis, ACTU President Michele O’Neil looks beneath the likely hype to talk about what will really matter for workers. This was
What’s going to be in the Budget?
The budget is come soon and, because it’s an election year, income tax cuts are squarely on the agenda. In today’s episode we ask, who really benefits from the government’s legislated tax cuts? New research from the Australia Institute suggests anyone earning under $90k could be worse off. Recorded live on 22 February 2022 and
Australia could be a sustainable Electric Vehicle Manufacturing Powerhouse
Rebuilding Vehicle Manufacturing in Australia
Summer series – Raising the Age: Getting children out of prison
Our summer podcast series brings you some of the best conversations from our webinars in 2021. Everyone knows that children do best when they are supported, nurtured and loved. But across Australia, children as young as 10 can be arrested by police, charged with an offence, hauled before a court and locked away in a
Tanya Martin Office Manager
Jake Wishart Senior Media Adviser