September 2023
Inflation remains headed in the right direction despite higher oil prices
Increases in the prices of commodities like oil and gas are not a reason for the RBA to raise interest rates next week
Opening statement to the ACTU Price Gouging Inquiry
This week Professor Allan Fels, the former head of the Australian Competition and Consumer Commission (ACCC), has begun an inquiry into price gouging across a range of industries, including banks, insurance companies, supermarkets, and energy providers. The inquiry commissioned by the ACTU comes off the back of the highest inflation in 30 years and the biggest falls in real wages on record.
Derailing Democracy: How Big Business Distorts Australia’s Tax Debate
The best way to stop a debate about tax reform in Australia is to start a debate about increasing the GST.
Don’t mention the coal: Australian Government tries to walk both sides of climate policy. Again
While Australia’s Foreign Minister attends the UN Secretary General’s Climate Ambition Summit in New York, the nation’s Environment Minister will be in court fighting for new coal mines.
Millionaire Tim Gurner’s Refreshing Honesty Reveals the Soul of Business
Every now and then a window opens into the soul of the business community, and we catch a glimpse of the values and goals that shape the actions of the captains of industry.
New laws for ‘employee-like’ gig workers are good but far from perfect
The Workplace Relations Minister Tony Burke has described proposed new laws to regulate digital platform work as building a ramp with employees at the top, independent contractors at the bottom, and gig platform workers halfway up. The new laws will allow the Fair Work Commission to set minimum standards for ‘employee-like workers’ on digital platforms.
The weak economy shows the Reserve Bank is not threading the needle
We have now had two consecutive quarters of GDP per capita falling – hardly the soft landing the RBA wants.
Qantas Flies High on Scant Competition and Regulation – and Consumers Pay the Price
Will the resignation of CEO Alan Joyce prompt real change or will poor corporate culture continue?
August 2023
Why Does the RBA Want More Unemployed Aussies?
By chasing an invisible and moving target, the RBA’s theories on unemployment and inflation could jeopardise the jobs of 140,000 Australians.
Urgent Need for Australia’s Climate Industry Policy
For the first time in decades, Australia is talking about industry policy.
C’mon Albo! Stop Native Forest Logging
Prime Minister Anthony Albanese can stop the logging of Australia’s native forests, just as PM Malcolm Fraser stopped whaling in 1978.
For most workers, wages are still failing to keep up with inflation
While overall wages grew in line with inflation in the June quarter for workers in most industries real wages are still going backwards.
Multinational miners rue the day Palaszczuk and Dick delivered for Queenslanders
Queensland’s revised coal royalty system has delivered billions to the state, and NSW could be following suit. But as always, the mining industry is keen to let hysteria get in the way of a good policy.
July 2023
We need more than a definition change to fix Australia’s culture of permanent ‘casual’ work
The surprising thing about the Albanese government’s announced reforms to “casual” employment is not that they’re happening.
Inflation is falling so let’s make sure we don’t let unemployment rise
Inflation is coming down fast so we should now shift our attention to making sure unemployment does not rise
Hollywood actors showing that unity is strength
When workers are united, and able to collectively bargain, they can win good outcomes
The key legislation changes that will help workers get a better deal
In recent years, workers have been held back from demanding better working conditions and pay by a lack of bargaining power.
If the unemployment rises to 4.5% who is likely to lose their job?
The RBA is currently targeting a 4.5% unemployment rate, and that is going to hurt young, low skilled and low paid workers,
June 2023
Bolstered by a biased tax system, house prices keep rising
As interest rates rise, the gains from negative gearing increase.
Blame Game on Inflation has Only Just Begun
Every inflationary episode embodies a power struggle within society over who benefits from inflation, who loses out – and who will bear the cost of getting inflation back down.
The economy is slowing as households get smashed by yet more rate rises
A slowing economy and households closing their wallets is bad news with a Reserve Bank determined to keep raising rates
The level of public housing needs to return to previous levels
Australia needs more housing, and we definitely need more public housing
May 2023
Real wages falls and interest rates rises signal tough times for households and the economy
You can’t sustain household spending while real wages continue to fall, and households are starting to let everyone know
Wages are growing solidly but real wages continue to plummet
Wages are growing the best they have for 11 years, but real wages are now back at the level they were 14 years ago
Affordability of a Liveable Jobseeker Payment is a Non-Issue
Commonwealth on Track for Diminutive Deficit or Surplus in 2022-2023 In the lead-up to its 2023-24 budget, the Labor Government finds itself in an awkward position, accepting that the Jobseeker payment is “seriously inadequate” and an impediment to regaining work, yet professing that it lacks the financial capacity to afford a meaningful increase anytime soon.
April 2023
After the NSW election, privatisation is politically dead in Australia
Last month’s New South Wales election ejected the final mainland Coalition state government from office.
Can a stockmarket gamble pay for the housing crisis?
Australia is in the midst of a housing crisis. Record numbers of Australians are in severe housing stress and it’s not just people with rising interest rates on their mortgages. Fewer and fewer people can afford a roof over their head and more and more people are sleeping rough on the streets or in their car.
March 2023
Australian Inflation Reflects a Historic Redistribution from Workers to Bosses
The upsurge of inflation since the COVID-19 lockdowns has not had equal impacts on all Australians. Workers and low-income people have experienced the worst losses: both because their incomes, in most cases, have not kept up with prices, and because they are more dependent on essential goods and services (like shelter, food, and energy) than higher-income households.
February 2023
Rising political costs of keeping the stage three tax cuts
If the Albanese government were looking for some political cover to remove the chokehold of the $254 billion stage three income tax cuts on the budget, it could do worse than look to the International Monetary Fund’s latest advice.
January 2023
Nothing to see here
If a pandemic killed 15,000 people and nobody seemed to notice, was it really a pandemic? In Australia last year, COVID-19 killed more people than lung cancer, breast cancer, prostate cancer, car accidents and drowning combined. And in addition to the 15,000 deaths directly attributed to COVID, the Australian Bureau of Statistics tells us that
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