by Richard Denniss[Originally published on Guardian Australia, 08 August 2019] Australia needs more regulation of the banks, more regulation of the aged care sector, more regulation of property developers, more regulation of the mining industry and more regulation of the way we use the water in our rivers. But conservatives are still calling for a

The Commonwealth Treasury raised eyebrows recently with a new research report that seemed to pin the blame for record-weak wage increases on workers’ reluctance to quit their jobs in search of better-paying alternatives. The report was presented to the recent conference of the Economic Society of Australia, and elicited gleeful headlines in conservative newspapers blaming “stubborn” workers for their own poor wage results.

by Richie Merzian[Oringinally published in The Canberra Times, 27 July 2019] The single greatest threat to Australia and the Pacific is climate change. But given Australia’s actions over the last 12 months, you wouldn’t know it. The Australian government is only willing to pay lip service to what addressing that threat requires: serious climate action.

by Richard Denniss[Originally published on Guardian Australia, 24 July 2019] How many wedge-tailed eagles is a black-throated finch worth? No doubt there’s an economist out there willing to have a crack at answering that question, but the right of Australian politics seem to have already figured it out without so much as community survey: eagles are important

by Maryanne Slattery[Originally published in The Canberra Times, 13 July 2019] The Murray-Darling Basin is broken. Literally. As in its parts aren’t joined up anymore – the Darling River/Barka hasn’t flowed into the Murray since 2017. The Murrumbidgee isn’t flowing into the Murray either and will be disconnected from the rest of the basin more

by Richard Denniss[Originally published on The Guardian Australia, 10 July 2019] The only time the business community pretends to take economics seriously is when they want to slash their taxes – or other people’s wages. The economic evidence to support the case for multimillion CEO bonuses is as weak as the economic evidence that cutting

by Richard Denniss[Originally publioshed in the Australian Financial Review, 09 July 2019] We need to reform the way we talk about reform. Unless we urgently implement “reform reform”, it’s likely that hard-working mums and dads will lose their jobs and life savings and, obviously, that would be the fault of the Labor Party. And the unions. And

What if money didn’t matter much in Australian politics? Clive Palmer just spent $53 million on ads for his United Australia Party and had zero candidates elected. The Greens spent about $320,000 and elected six senators and Adam Bandt in the lower house. Voices for Indi, after electing Cathy McGowan in 2013 and 2016, just

by Ebony Bennett[Originally Published in The Canberra Times, 29 June 2019] You have to hand it to the Coalition. It says it hates Labor’s style of “class war” politics, but the reality is the conservative side of politics is just better at it. The Coalition has so radically reshaped our tax debate that earlier this

by Richard Denniss[Originally published on The Guardian Australia, 26 June 2019] The modern conservatives often seem afraid of new technology. They act as though renewable energy, battery storage and electric cars will take us down the path to blackouts, economic ruin and, of course, the end of weekends as we know them. But if recent

by Richard Denniss[Originally Published in the Australian Financial Review, 26 June 2019]Imagine if the Reserve Bank of Australia (RBA) conducted monetary policy the way the Morrison government conducted fiscal policy. Step one: publish optimistic forecasts of GDP and wage growth to create “confidence”. Step two: set interest rates five years down the track, based on

by Ebony Bennett[Originally published in The Canberra Times, 15 June 2019] Australia’s debate on the climate crisis reached a new level of lunacy this past week. Almost nowhere else in the world is the climate debate so divorced from reality. Firstly, Adani’s groundwater plan was approved by the Queensland government in a rushed process. This

by Richard Denniss[Originally published on Guardian Australia, 12 June 2019] If renewables weren’t getting cheaper, would Australia still want to tackle climate change? And if world demand for coal wasn’t declining, would we still want to stop the Adani coalmine being built? After 30 years of democratic failures to reduce greenhouse gas emissions, in the

by Richard Denniss[Originally published in the Australian Financial Review, 11 June 2019] How good is the Australian economy? Not very. It’s as if months of prime ministerial promises that the economy was strong had absolutely no impact on employers’ desire to boost wages or consumers’ ability to spend. GDP growth is at its lowest levels

by Ebony Bennett[Originally published in The Canberra Times, 01 June 2019] I come not to bury polls, but to praise them. While everyone – including the polling companies it seems – was shocked by the election results, the media and the public are learning the same lessons that political parties have had to. And it’s

The unexpected results of the 2019 Commonwealth election have sparked many commentaries regarding what happened, and why. This article, reprinted with permission from Workplace Express, considers the role of the major #ChangeTheRules campaign mobilised by Australian unions in the lead-up to the election – and ponders the movement’s next steps in the continuing debate over labour market policies and industrial relations. It cites both our Economist Alison Pennington, and our Director Jim Stanford, as well as our previous research on the erosion of collective bargaining in Australia.

The Fair Work Commission has announced a 3% hike in Australia’s national Minimum Wage, effective July 1, taking it to $19.49 per hour. That increase is lower than the 3.5% increase implemented last year.

by Richard Denniss[Originally Published on Guardian Australia, 29 May 2019] While Australian political debate has never seemed more sharply divided, the philosophical lines between left and right have never seemed more blurred. The economy is always in transition, and people are always losing and finding jobs, but – after decades of the right being contemptuous

by Richard Denniss[Originally published in the Australian Financial Review, 27 May 2019] There’s no doubt the Adani coal mine helped the Liberal National Party win votes in North Queensland but there’s also no doubt it helped them lose a lot of votes – and economic credibility – in Sydney, Melbourne and Adelaide. And while the triumphalism of

by Ebony Bennett[Originally published in the Canberra Times, 17 May 2019] Bob Hawke is perhaps credited most often for his economic reforms, but he also leaves a tremendous legacy of protecting Earth’s wilderness. Without Bob Hawke, Antarctica would be a quarry, Tasmania’s iconic Franklin River would be flooded and Queensland’s Daintree rainforest would be a

by Richard Denniss[Originally published on The Guardian Australia, 15 May 2019] It’s now 12 years (and seven prime ministers) since John Howard promised to introduce a price on carbon and – despite emissions having increased to a new high and a number of big coal fired power stations having shut down – Australia still doesn’t

by Richard Denniss[Originally published in the Australian Financial Review, 16 May 2019] The political debate about tax has become unmoored from the economics of tax. The idea that cutting taxes is good for the economy and collecting more revenue is bad for the economy is not just simplistic, it’s wrong. But it should be no

by Ebony Bennett,[Originally published in The Canberra Times, 04 May 2019] Trust in politicians is at an all-time low, the national debate is coarse and toxic, and the bar for what is judged politically acceptable is so low now that it feels like a cockroach could clear it. It’s not unique to this election, but

As the great novelist Isaac Asimov wrote, “The easiest way to solve a problem is to deny it exists.” Business leaders and sympathetic commentators have adopted that advice with gusto, during current public debates over the unprecedented weakness of Australian wages.

by Richard Denniss[Originally published on The Guardian Australia, 02 May 2019]  Australians are asked to either vote ‘above the line’ in the Senate by expressing a preference for at least six political parties, or vote ‘below the line’ by expressing a preference for at least 12 individual candidates. Photograph: Paul Crock/AFP/Getty Images You can’t name

The Coalition is spruiking local pork barrel projects because its poorest supporters won’t benefit from its massive tax cuts. by Richard Denniss[Originally published in the Australian Financial Review, 29 April 2019] For a man with a marketing background, it’s surprising that Prime Minister Scott Morrison has ignored the credo that ”all politics is local” when selling his

by Ebony Bennett[Originally published on The Canberra Times, 22 April 2019] Australia is having a huge national debate about taxes and tax reform that’s mostly missing the point. There’s too much focus on costings and not enough analysis of who is getting the biggest slice of pie – here’s a hint: it’s not those struggling

by Richard Denniss[Originally published on Guardian Australia, 17 April 2019] When a magician says you must look carefully at the cards that they’re shuffling, they don’t want you to see what their assistant is doing. And when a politician tells you to focus on one key economic issue, it’s a sure thing they don’t want

by Richard Denniss[Originally published in the Australian Financial Review, 16 April 2019] Scott Morrison hopes he can make voters as scared of electric cars as he made them of refugees. It’s a tough ask but credit where it’s due: given his party managed to make a swath of voters afraid of wind turbines and fibre

by Ebony Bennett[Originally published in The Canberra Times, 06 April 2019] Look out, it’s a trap! The centrepiece of the Coalition’s budget is more than $300 billion worth of income tax cuts. This sounds great in theory. In reality, the Coalition has committed to a radical plan to flatten Australia’s progressive tax system. If implemented,