A comprehensive review of inflation released today by the Australia Institute’s Centre for Future Work reveals that the inflation targeting in place since the early 1990s is not the neutral policy many assume it is. In that time inflation has missed the target more from below than above, and has coincided with a shift of national income away from workers to profits as wages have stagnated.

New analysis shows Liquified Natural Gas (LNG) producers reaped up to $40 billion of windfall profits in FY 2021-22 thanks to soaring global gas prices due to the war in Ukraine. The research comes following a damning report from the ACCC into the gas industry around price-fixing and subsequent condemnation of cartel-like behaviour on the

New research has revealed that Gen Z would receive only 2.8% of the first year of the Stage 3 Tax Cuts legislated by the Morrison Government. The newly released age-based data break down reveals that in financial year 2024-2025, those under 25 years old would receive only 2.8% of the billions in tax cuts which

New research reveals more than twice as many Australians value good economic management over sticking to election promises regardless of how economic circumstances have changed, according to the Australia Institute. The polling also reveals almost twice as many Australians support repealing the State 3 tax cuts than those who oppose, and most Australians accurately understand

Seafarers working on foreign-registered freight ships in Australian waters face regular theft of wages and other entitlements due to legal loopholes and lax enforcement of labour standards, according to a new research report published today by the Australia Institute’s Centre for Future Work. The report, titled Robbed At Sea, examines records of wage inspections conducted

New polling research reveals a majority of Australians agree that junk food advertising during children’s viewing should be banned, and an overwhelming majority support a ban on TV gambling advertisements. A majority of Australians also supported bans on alcohol and tobacco advertising on TV, and more agree than disagree that ads promoting fossil fuels should

The Labor Government has today announced the creation of a biodiversity certificates scheme which would see the conversion of Australia’s ecosystems into a new type of tradeable credit that would be traded to ‘compensate’ or ‘offset’ damage to the environment. “The Government’s announcement of a new ‘biodiversity certificates scheme’ raises concerns of more false solutions

As Minister Richard Marles lifts Peter Dutton’s ban on some charity and diversity events in Defence, polling research has revealed most Australians are either unfamiliar with the term ‘woke’, or would describe themselves as ‘woke’. Key Findings: Of those who described themselves as woke, three in five were major party voters (59%) and more intended

A complete disregard for the law by the Tasmanian Planning Commission and a lack of oversight by the Tasmanian Government, has been revealed by the release of documents via a Right to Information request by the Australia Institute Tasmania. The latest Federal State of the Environment Report paints a grim picture of why these reports

As early childhood educators prepare to strike and with Government poised to release terms of reference for a Productivity Commission review into the struggling system, new research has recommended Australia look at successful overseas policy options to deliver affordable, quality Early Childhood Education & Care. New research has recommended the terms of reference for the

Key Points: New research shows 2/3 Australians support a windfall profits tax, with only 12% opposed (attached) Western Australians (71%) are the most likely to support the introduction of a windfall profits tax followed by Queensland residents (69%). Origin revenue has more than doubled on the strength of commodity prices, cash distribution from Australia Pacific

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. Key findings: Wages made no contribution to Australian inflation in 2019-2020, or 2020-2021, measured using the ABS’s broadest indicator of inflation, the GDP Deflator

As the Fair Work Commission prepares to announce this year’s increase in the national minimum wage, new polling data shows that the vast majority of Australians support lifting wages to keep up with rising inflation. The Australia Institute conducted a special exit poll, surveying a nationally representative sample of 1,424 Australians on the evening of

Nobel Laureate, former World Bank Chief Economist, and best-selling author Professor Joseph E. Stiglitz will visit Australia in July 2022 to discuss the need to expand the role of governments, unions, and civil society. The tour, hosted by the Australia Institute, will see Professor Stiglitz speak at a wide range of events for the general

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

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

“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

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

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

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

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

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 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

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

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

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

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

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

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

“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