Follow the Money // Economics
The Australia Institute’s Follow the Money podcast explains Australia’s big economic issues in plain English. We bust myths, dissect politics, interpret econobabble and help you sound really smart at your next dinner party, with host Ebony Bennett.
August 2023
Ending the ‘Jobs for Mates’ Culture with Dr Sophie Scamps [Webinar]
Restoring trust and integrity in Australia’s democracy was a key issue in 2022 federal election. In March, independent MP Dr Sophie Scamps introduced a new bill designed to end the ‘jobs for mates’ culture in federal politics. The bill seeks to legislate a transparent and independent process for major government public appointments, setting a gold
July 2023
The ‘Tassie Tiger of the Sea’ is on the brink
The Maugean Skate, nicknamed the ‘Tasmanian Tiger of the Sea,’ is on the brink of extinction, with salmon farming in the region threatening its natural habitat. So will Federal Environment Minister Tanya Plibersek be able to fulfill her promise of no new extinct species until 2030, or will the Skate become another relic of the
June 2023
Nordic Talks: Breaking the ice ceiling: Gender equality in Iceland and Australia [Webinar]
Iceland’s outstanding levels of gender equality have been achieved through policies such as extensive paid parental leave, including an emphasis on fathers using paid parental leave. This emphasis on paternity leave is one important reason that Iceland is frequently ranked as the leader among all the Nordic nations – and thus the world leader –
Nordic Talks: The Role of First Nations Communities in the Clean Energy Transition [Webinar]
Australia has all the ingredients for a green industrial revolution; abundant rare minerals, plentiful wind and sun, manufacturing capabilities, while Sweden is a global leader in green industry practices and production. But how can First Nations communities participate in the clean energy transition? This talk will unpack how Sweden and Australia can better balance the
Nordic Talks: Pedalling Health – Healthy and sustainable cities in Denmark and Australia [Webinar]
In Denmark, the bicycle has been recognised as a fast, efficient, and sustainable mode of transportation for decades, and the key to more liveable cities and happy, healthy people – supported by a network of safe cycling infrastructure and a positive cycle culture as part of healthy urban design which also means fewer food deserts. In
Nordic Talks: A plus or F minus? Educational Equity in Finland and Australia [Webinar]
More than a decade after the Gonski review into Australia’s school funding aimed to reduce the impact of social disadvantage on educational outcomes, educational outcomes for Australian schoolchildren are getting worse. The success of Finnish educational outcomes shows that equity drives excellence for all students. This is one of a five-part special series of Follow
Profits v Wages, what’s driving inflation?
Australians have been experiencing a dramatic rise in the cost of living thanks to inflation. While the business sector was quick to blame wages for rising inflation, the Australia Institute and the Center for Future Work took a look at the data, and it told a very different story. This was recorded on Monday 5th
May 2023
Bread and Surpluses: What you need to know about the Budget
The Albanese Government has handed down its 2023-24 Federal Budget, and it contains positive measures like a 15% pay rise for aged care workers, the minimal increases to welfare, and deferral of any change to the Stage 3 tax cuts, confirm that change is going to be incremental and slow. This was recorded on Wednesday
Funding our own Destruction
Despite fossil fuel usage contributing to the destruction of our climate, the Australian government still hands out billions every year in fossil fuel subsidies. But where is the money going, and how much is being spent exactly? This was recorded on Tuesday 2nd May 2023 and things may have changed since recording. The Australia Institute
April 2023
The Housing Crisis
Australia’s housing crisis is only getting worse, and our social housing shortfall has ballooned to 500,000 and rent is skyrocketing. So how did we get here, and what can be done? This episode is a live recording from the Australia Institute’s Politics in the Pub series. This was recorded on Wednesday 19th April 2023 and
The Great Gas Rip-off
The PRRT, or Petroleum Resource Rent Tax, is a tax on profits of petroleum products, including crude oil and petroleum gas. But through accounting tricks and loopholes, gas corporations are avoiding paying their fair share of tax. Research mentioned: https://australiainstitute.org.au/report/reforming-the-petroleum-resource-rent-tax/ This was recorded on Monday 19th April 2023 and things may have changed since recording.
The economy’s still growing, so why does it feel like you’re falling behind?
No, it’s not just inflation. Since the GFC, there has been a radical reversal in who benefits from economic growth. Back in the 1950s, the bottom 90% of income earners enjoyed around 90% of the benefits of the economic growth, but not anymore. So what has happened? This was recorded on Tuesday 11th April 2023 and things may
March 2023
Super Expensive, Super Unfair
Superannuation is supposed to help us save for our retirement, and tax concessions on super are meant to reduce the burden on the government to fund our retirement through the age pension. But what are these concessions, and are they really working in the way they are intended to? To help explain, we’re talking to
Interest Rates are Sky-High, Who’s to Blame?
Australians are doing it tough at the moment, with cost of living soaring, real wages falling at a record pace, and the RBA’s nine back-to-back interest rate rises only making things harder, all in the name of reducing inflation. Some commentators are warning of a ‘wage price spiral’. But what is really driving inflation? This
February 2023
The Pain is the Plan
The RBA recently raised interest rates again for the ninth time in a row, in an effort to reduce inflation. But is the pain the interest rate rises causing worth it? And could they do anything else instead? This was recorded on Wednesday 8th February 2023 and things may have changed since recording. The Australia
How to Not Waste $300 Billion
The new ‘Build Your Own Budget’ tool released by the Parliamentary Budget Office reveals that despite how all-or-nothing the debate about the Stage 3 tax cuts has become, the $300bn cost of the tax cuts over 9 years provides an opportunity for the Albanese government to amend the tax cuts and also increase support for
January 2023
Summer Series – August in Kabul with Andrew Quilty [Webinar]
Our summer podcast series brings you some of the best conversations from our webinars in 2022. Andrew Quilty was one of a handful of Western journalists who stayed in Kabul as the city fell. His new book August in Kabul his first-hand account of those dramatic final days. This was recorded on Wednesday 3rd August 2022
December 2022
Summer Series – Joseph Stiglitz: The Role of Government in the Modern Economy [Webinar]
Our summer podcast series brings you some of the best conversations from our webinars in 2022. Earlier in the year the Australia Institute hosted Nobel Laureate Professor Joseph Stiglitz for a speaking tour of Australia. In this episode he, Richard, and Ebony discussed the need to expand the role of governments, unions, and civil society.
November 2022
Go Home On Time Today!
New research shows Australian workers are on average working 6 weeks unpaid overtime per year, costing over $92 billion dollars in unpaid wages across the economy. 2022 marks the fourteenth annual Go Home on Time Day (GHOTD), an initiative of the Centre for Future Work at the Australia Institute that shines a spotlight on overwork
Three’s Company: What is multi-employer bargaining?
To combat persistently low wages growth, the Government has put forward its Secure Jobs Better Pay Bill, currently before the Senate. The most contentious reform within the Bill is ‘multi-employer bargaining’. We’ve heard employer groups call it a ‘seismic shift that will increase strikes’. On the other hand, unions are calling the reforms moderate. What
October 2022
October Budget Wrap
The October Budget delivers on a range of welcome bread & butter commitments, but has deferred solving Australia’s meat and potatoes revenue problems. So who are the winners and losers, and what are the missed opportunities? This was recorded on Thursday 27th October 2022 and things may have changed since recording. The Australia Institute //
It’s a No-Brainer!
Gas companies in Australia made up to $40 billion in windfall profits in the last year due to the war in Ukraine, and global price spikes. There are growing calls for a windfall profits tax to claw back some of these war profits, to fund essential services in Australia. This was recorded on Tuesday 18th
Where’s the middle (income)?
As pressure builds for the Albanese government to scrap the promised Stage Three tax cuts, discussion has shifted around who would lose out. The Australian said it would mean “2.5 million middle income Australians will pay thousands of dollars in additional tax,” but describes middle income Australians as individuals earning between $120,000 and $160,000 a
September 2022
The Case for Dumping the Stage 3 Tax Cuts
The $240 billion Stage 3 Tax Cuts, originally legislated by the Coalition government, have been described by the Labor government as an election promise they won’t break. But calls are growing for the cuts to be scrapped, having been labelled tax cuts for the wealthy amid a cost of living crisis. This was recorded on
Safeguarding the ability to increase emissions
Labor’s climate bill cleared the Senate last week. It’s a pretty modest bill, and doesn’t include any measures to actually reduce emissions in the private sector. That’s where the Safeguard Mechanism comes in – which is a voluntary scheme that affects the nation’s biggest industrial emitters, and is the Government’s main policy it will use
What happened at the Job Summit?
This week on Follow the Money Ebony is sitting down with Greg Jericho to discuss the Jobs Summit: what happened, why was it needed, and are we going to get any jobs out of it? This was recorded on Tuesday 6th September 2022 and things may have changed since recording. The Australia Institute // @theausinstitute
August 2022
Us versus Them
When you think about Australia’s entire economy, what share of that pie do you think goes to workers (via wages) compared to business (via profits)? The Business Council of Australia is making some bold claims that the profit share of income has fallen, but does the data back that up? In this episode we unpack
Uluru Statement from the Heart: Sydney Peace Prize winner [webinar]
Join First Nations leaders Pat Anderson AO and Professor Megan Davis for a conversation about the Uluru Statement from the Heart and its three objectives: a Voice to Parliament, Treaty, and Truth. A webinar in partnership with the Sydney Peace Foundation. This was recorded on Wednesday 3rd August 2022 and things may have changed since
The First Fortnight of the 47th Parliament
We are nearly at the end of the first sitting fortnight of the 47th Parliament, and it has been a packed agenda. This week we’re unpacking quick recap of how much things have changed in this new Parliament, and what changes are likely on the horizon. This was recorded live on Wednesday 3rd August 2022
July 2022
What’s really driving inflation?
Why is everything so expensive? And will a wage increase just make it worse? 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. This was recorded on Tuesday 26th July 2022 and things
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