Off the Charts
A picture tells a thousand words and Off the Charts is where you’ll find the charts and graphs that tell the most interesting stories. Across all the areas the Australia Institute covers, we give you the pictures that help you understand what is really going on in the world.
February 2023
The Reserve Bank has delivered a massive credit crunch
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
January 2023
No signs of a wage-price spiral as wage growth in EBAs stagnate
The latest enterprise agreements lodged with the Fair Work Commission show that wages continue to lag well below inflation
Slowing inflation in the USA gives cause for the RBA to pause rate raises
As price growth begin to slow around the world, the RBA needs to stop slamming on the brakes
December 2022
The latest figures from the Fair Work Commission suggest no sign of a wages-prices spiral
The average annual wage growth in enterprise agreements not only remains well below inflation, it shows little sigh of increasing.
A Record Interest Shock Hitting Australian Households
The past 6 months has seen a record rise in the amount of interest households are having to pay
ABS data shows being in a union delivers better wages
Whether you are old or young, low or high income, working in construction or admin, a labourer or a manager, being in a union delivers you better pay.
Nearly 900,000 people are working more than one job
As wages fail to keep up with inflation a record number of poeple are having to work more than one job to get by
New data shows how important funding public services is for reducing inequality
Public services massively reduce inequality, but the Stage 3 tax cuts will make it much more difficult to fund them
Rising transport emissions show the need to end subsidies for high-emitting SUVs and utes
The latest emissions projections reveal that emissions from SUVs will cancel out the reductions that occur due to electric vehicles
The latest data shows the urgent need for more public housing
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.
November 2022
Voter turnout in the 2022 federal election hit a new low, threatening our democratic tradition
This year’s election had the lowest turnout for a century. For the first time since compulsory voting was introduced for the 1925 federal election, turnout fell below 90%.
Stronger wages growth from enterprise agreements, strongest from unions
The latest wage rises from enterprise agreements show good improvement, but overall, workers continue to see their wages lag behind inflation
Business groups say they want higher wages, but their actions show the opposite
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
Not even the Liberal Party can defend the Stage 3 tax cut on its own merit
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.
Some small signs of better wage rises
The latest enterprise agreements figures show small signs of wage growth and once again the benefits of being in a union
Latest RBA estimates show real wages in 2023 will be where they were in 2008
Australia has the power to guide the world’s transition away from fossil fuels
In the drive to electrifty everything, Australia is positioned to be a world power
..A third of Australia’s biggest companies paid no tax in 2020-21
In 2020-21 the biggest companies in Australia were able to reduce their taxable income to just 12% of their total income
The RBA talks tough about low-rising wages but not soaring profits
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
October 2022
The Stage 3 tax cuts will be responsible for up to 42% of the Budget deficit
The Stage 3 tax cuts are not just unfair, they create a massive hole in the budget
The Budget reveals the failure of the PRRT
Right now the gas industry is booming, but the Petroleum Resource Rent Tax is not.
Rental prices are going up fast across Australia
People around Australia have been seeing the advertised prices of rents increasing, now the inflation figures are catching up.
The Budget shows the big hole in Real Wages
The Government acknowledges the need to get wages growing again, but the budget reveals just how big the task is
Worrying signs of weak wages growth
Australia’s tax system is failing to deliver the benefits of the gas boom
Norway shows how Australia can get a fair return from oil and gas
Australia’s and Norway’s economies both have massively profitable resource industries, but Norwegians receive a much larger and fairer share
After the Stage 3 tax cuts only the top 10% highest paying occupations will be better off
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
Low and middle income earners about to be hit with a massive tax increase
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
Members of Parliament among those who benefit the most from the Stage 3 cuts
Taxation data shows which occupations will get the biggest cuts – and how few people work in them
Stage 3 tax cuts do little to correct bracket creep except for the wealthy
If you wanted to address bracket creep, the Stage 3 tax cuts would be the worst way to do it.
Curated by
Off the Charts is curated by Greg Jericho, Chief Economist at the Australia Institute and the Centre for Future Work.
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