Stronger wage growth in the private sector is good news, but public sector workers continue to be left behind
As the Reserve Bank continues to raise rates, it continues to misread the nature of inflation that is being driven largely by profits.
Wages growth is rising slowly and inflation is falling faster than expected, and yet the RBA decided to hit the economy again with another rate rise.
Australia’s housing crisis is only getting worse, and our social housing shortfall has ballooned to 500,000 and rent is skyrocketing. So how did we get here, and what can be done? This episode is a live recording from the Australia Institute’s Politics in the Pub series. This was recorded on Wednesday 19th April 2023 and
Inflation is falling steadily but hitting low-income households the most.
Wages under enterprise agreements are slowly rising, but remain well below inflation
Losing the low-middle income tax offset and getting the Stage 3 tax cuts will leave most workers worse off
The Stage 3 tax cuts were always bad, but with the removal of the low-middle income tax offset, they become a terrible political strategy as well
Millennials are not becoming more conservative as they age – and the rigged housing market is just one reason why
Perhaps as much as a third of the rate rises since April have yet to fully hit the economy
The whole point of public-sector wage caps is to keep all wages down
The latest monthly consumer price index figures show that inflation has peaked and is on the way down.
The market’s early view of the safeguard mechanism deal is bad for gas and coal mining companies
House prices are falling but housing unaffordability remains high
The latest data from the Fair Work Commissions suggest wages continue to be deflationary as profits drive inflation
The rising cost of living and falling real wages has seen the number of people working more than one job surge in the past 2 years.
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
Superannuation is too important for retirement to be allowed to be a tax dodge scheme for the wealthy. It is time to review the scheme and stop the abuses
With public sector wages dragging down wage growth and private sector wages rising slower than expected, it is clear Reserve Bank needs to pause its run of rate rises
The Reserve Bank now forecasts real household incomes will take longer to recover than they did during the 1990s recession and is also projecting economic growth at historical lows. Australian consumers are right to feel worried about the future.
The Reserve Bank now predicts real wages will being to recover from the start of next year, but will take many years to recover
The signs are already evident that household consumption is falling despite most mortgage holders yet to feel the full effects of the rate rises. The Reserve Bank however believes more pain is needed.
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
The 300 basis point increase in the cash rates has delivered one of the biggest falls in lending ever seen. The risk of a recession to follow cannot be ignored
The cost of mortgages is soaring and households are spending less in the shops – the Reserve Bank should hold off on raising rates again next week
Most economists believe inflation has peaked and yet the Reserve Bank is still expected to raise rates next month despite real wages falling by more than 4% last year.
Home loans have fallen sharply in the past year, and the rate rises are clearly having a major impact. As such the Reserve Bank needs to wait before raising them again.
The latest enterprise agreements lodged with the Fair Work Commission show that wages continue to lag well below inflation
As price growth begin to slow around the world, the RBA needs to stop slamming on the brakes
The Stage 3 tax cuts will cost $300bn in their first 9 years. A new tool shows how we can spend the money better