Scott Morrison is betting his political life that young people won’t pay much attention to tonight’s budget or change their vote if they did. This is why he announced no new spending to help those struggling with high rents, high uni fees, or expensive public transport in this year’s Federal Budget. And it’s why he

The federal government’s budget would have us believe that the cost of living is a sudden problem because of higher oil prices. But the real reason people are feeling the pinch is because their real wages are going backwards. The budget forecasts wage growth of 2.75 per cent in 2021-22, below inflation which is forecast

The 2022-23 budget is one of the most shameless election year budgets in memory.

Next Tuesday, Treasurer Josh Frydenberg will deliver the 2022-23 budget. As it is only 2 months from the next federal election, the budget will be even more politically charged than usual.

Scott Morrison lies about the economy all the time. He can’t help himself. He tells big lies about transitioning away from fossil fuels and small lies about the role of his office in the way grants are directed to marginal seats. He tells strategic lies about the union movement engaging in “a campaign of extortion”

We are entering the great era of carbon fraud. Instead of rushing to end fossil fuels, there is going to be a gold rush for carbon offsets, dirty hydrogen and carbon capture and storage (CCS), all designed not to stop climate change, but to actually drive up the consumption of coal, oil and gas. There

Since the stimulus measures introduced in 2020 to prop up the housing market during the pandemic, house prices have exploded. In 2021 property prices across Australia’s capital cities rose an astonishing 24%. Combined with the stagnant wages growth of the past 8 years, housing affordability has fallen dramatically.

The latest Labour Account figures from the Bureau of Statistics reveal that at the end of last year a record percent of people were working more than one job.

Defence Minister Peter Dutton’s no doubt well-meaning attempt to raise money for Queensland flood victims though a GoFundMe appeal this week revealed two concerning disconnects from reality. One was the Government’s failure to grasp the scope of the new era of climate disasters we now face. The second was a failure to meet expectations for

While the headline news of 3.4% GDP growth in the December quarter of 2021 might suggest the economy is bouncing back, Greg Jericho, Policy Director for the Centre for Future Work, has found that the national accounts reveal just how badly workers are missing out.

The latest wages data from the Bureau of Statistics shows that in 2021 real wages plummeted, with inflation raising by 3.5%, while wages increased just 2.3%.

Australians are confused about the Senate. That is the unmistakable conclusion of the Australia Institute’s national poll of Australians on their knowledge of and attitudes towards the upper house, the largest and most comprehensive poll of its kind. However, that does not mean the Senate is not important in the public’s democratic engagement. In fact,

Australia’s largest power station is shutting down in 2025, seven years early. Origin Energy, having bought the power station from the New South Wales government less than 10 years ago, now wants to retire its last remaining coal asset. Upon announcement, the Origin Energy CEO stated “the reality is the economics of coal-fired power stations

For the first time in a decade the coming election will be at a time of increasing inflation and talk of rising interest rate. And while it is clear interest rates are always a political hot potato, Greg Jericho writes in his latest Guardian Australia column that we should not lose sight of the need for government support.

Australia’s unemployment rate is poised to hit its lowest level in a half-century, and this has been heralded by the current government as an economic triumph. But the unemployment rate depends on many factors (including labour supply, hours of work, and others), and does not by itself assure that the economy is maximising its potential.

Australia’s unemployment rate declined to 4.2% in December, and it could fall further (below 4%) in the coming year, barring further waves of COVID or other global shocks. This has some forecasters predicting a quick acceleration in wage growth — which has been stuck for almost a decade now at the slowest pace in Australia’s postwar history.

Treasurer Josh Frydenberg’s recent declaration – that wage-restrained workers need simply participate in the so-called “Great Reshuffle” to find better-paid jobs – underscores just how disconnected the federal government is from the harsh realities facing many Australian workers. With shades of former treasurer Joe Hockey advising youth priced out of housing to “get a good job that pays good

The recent decision to make Rapid Antigen Tests (RATs) tax deductible rather than free will deliver nothing to low paid essential workers and big savings to high income earners. How very Morrison Government. While a part-time cleaner working in the aged care sector will likely receive zero benefit from tax deductible RATs, someone earning $200,000

Aged care was in crisis long before the pandemic arrived on Australian shores, yet even more than 500 deaths in one month is apparently not enough to make it a greater priority than attending the cricket for the Aged Care Services Minister. How good is Australia? It’s not that long since the royal commission delivered

Will an unemployment rate with a 3 in front it, ensure that we also get wage growth with a 3 in front of it? Don’t count on it.

With the rise in inflation as Australia’s economy struggles with re-opening and supply chain problems, each release of the Consumer Price Index (CPI) generates headlines and political debate. But the CPI doesn’t necessarily provide a full reading of price pressures: depending on who you are, and what you buy. In this column published in the Guardian Australia, Greg Jericho (new policy director for the Centre for Future Work) dissects several measurement issues related to this most-watched economic statistic.

Headlines about public funding in an election year are generally accompanied by hi-vis vests, the promise of more jobs and occasionally a bit of Top Gun theme music thrown in for good measure. So it was unusual to see a beachside photo-op with Scott Morrison to announce a “record” $1 billion investment (over nine years)

Make no mistake: the heightened risk of armed conflict between Russia and Ukraine has serious implications for Europe, especially the Nato members, as it does for the rest of the world. But most importantly, it has massive strategic consequences for the US. And that’s where it matters for Australia. To judge from much western media

It is budget season already, and not a Canberra autumn leaf in sight. Omicron has ended early March election speculation, meaning the early budget in March will go ahead instead. So much of the March 29 budget will already be in place, and some final decisions are being made right now. Much is made of

If he doesn’t provide support soon the economy will spiral but if he does he must admit the cost of living with the virus.

Australians are getting a stark reminder about how value is actually created in an economy, and how supply chains truly work.

The return of Summernats to Canberra reminds us the Prime Minister promised Australia would be going into 2022 ‘looking through the front windscreen, not the rear vision mirror’. In reality, National Cabinet seems to be doing the policy equivalent of a burnout (or a doughnut as I called them growing up), spinning its wheels furiously

It was a shock when the 2010 election result produced a hung parliament, but no one will be surprised if the 2022 election delivers the same. The seven-member-strong crossbench is already large in historical terms, and well-resourced, blue-ribbon independents are running in several more seats. If independents do win balance of power next year, what

An astonishing nine out of 10 Tasmanians want truth in political advertising laws and Eloise Carr explains that there is an opportunity now to legislate against all the lying and deception

“Democracy doesn’t happen by accident, we have to renew it with each generation”, announced President Joe Biden, opening his global Summit for Democracy. There is certainly an urgent need to renew the health of Australia’s democracy as we head to the next federal election. Pork barrelling has somehow become business as usual, whistleblowers are being prosecuted