June 2020
Unis must save staff not cash reserves
It’s easy to avoid a hard question by simply saying the government “should” provide more money to the universities. But there’s a long list of things the Morrison government should do: extend the JobKeeper payment to casuals and temporary residents; permanently boost unemployment benefits; provide support to the arts and entertainment industry; introduce a carbon
Protecting workers as the Economy Re-Opens with Sally McManus
The pandemic exposed a lot of the problems with our labour market, including the risks of the rise of precarious and insecure work. Today we’re bringing you another guest from our ‘Economics of a Pandemic’ webinar series: Sally McManus, Secretary of the Australian Council of Trade Unions in conversation with Jim Stanford, economist and director
May 2020
Polling: State Border Closures
New research from The Australia Institute has found that more than three in four Australians (77%) support states closing their borders to interstate travel. The Australia Institute surveyed a nationally representative sample of 1,005 Australians about their view on state border closures on 27-28 May. Key Findings: More than three in four Australians (77%) support
Black holes and Keynesians
The government has been talking as if it understood Keynesian economics, but its reaction to the $60 billion JobKeeper black hole shows they clearly do not think or act like Keynesians. Richard Denniss unpacks the spectacular failure of policy and accountability, as well as explaining what Keynesians economics actually means.Visit tai.org.au for our latest pandemic
Australia Needs Universal Paid Sick Leave To Get Through the Pandemic
Chief Medical Officer Brendan Murphy recently issued a directive that going to work with the ‘sniffles’ is ‘off the agenda for every Australian in the foreseeable future.’ But with millions of workers without access to paid sick leave, government plans to lift restrictions on economic activity could risk dangerous and costly outbreaks.
Most Australians Want Government Lifeline for the Creative Industries
New research from The Australia Institute has found that more than one in two Australians agree that the Government should double funding for the Australia Council for the Arts to help support the arts during COVID-19, and the majority of Australians (62%) agree that online streaming services should be subject to similar Australian content obligations
The Australian Government response to the pandemic with Greg Hunt
Health Minister Greg Hunt in conversation with our chief economist Richard Denniss, as part of the Australia Institute’s Economics of a Pandemic webinar series. This was recorded live on Tuesday 19th May 2020 and things may have changed since recording.Note: Due to some technical difficulties, the Minister joined the webinar a few minutes late, so
Australia’s unemployment figures mask a deeper reality
by Ebony Bennett[Originally published by the Canberra Times, 16 May 2020] This week, the federal government announced Australia’s biggest monthly rise in unemployment since the Australian Bureau of Statistics started publishing labour force statistics, shooting up to 6.2 per cent from 5.2 per cent just a month earlier. But, in a classic case of expectations
Australian business can’t lead us out of this recession – the government must step up
by Richard Denniss[Originally published on Guardian Australia, 13 May 2020] The government is telling us that if we don’t open up the Australian economy soon, we will do lasting harm to it. But the forecasters at Treasury and the Reserve Bank are relying on economic models that assume the deeper the recession we have, the faster our
The International Pandemic Response with Helen Clark
Australia and New Zealand have had a lot of success in managing this pandemic, but that has not been the case internationally and we’ve seen a range of responses from international governments. This episode is from one of our ‘Economics of a pandemic’ webinar series, featuring Helen Clark, the former Prime Minister of New Zealand
There is no ‘snap-back’ coming
by Richard Deniss[Originally published in the Australian Financial Review, 11 May 2020] Would you prefer to double your salary or to double the rate at which it will grow in the next few years? Personally, I would rather a high-income that’s growing slowly. But the Morrison Government is telling anyone that will listen that we
The public health response with Professor Peter Doherty
In this episode we’re privileged to bring you some special guests from our ‘Economics of a Pandemic webinar series: immunologist and Nobel Prize Laureate Professor Peter Doherty and our chief economist Richard Denniss talking about the public health response to Covid-19.Professor Peter Doherty was awarded the Nobel Prize in Physiology or Medicine jointly with Rolf
Working From Home: tracky dacks and keystroke surveillance
Working from home has great potential to cushion the economic blow of the pandemic: allowing many to keep working and earning an income. But there are also many challenges and risks associated with this major shift in work patterns. So to unpack the implications of everything from Orwellian surveillance programs to the joys of working
Future Fund has a super solution
Bank bashing is always popular in Australia and it’s by no means confined to one side of politics. It was the former prime minister Malcolm Turnbull who introduced the big bank levy and gave us the royal commission into misconduct in the financial services industry. And, just last week, Scott Morrison and Josh Frydenberg reportedly “slammed” the big banks for being slow to process loan applications from small businesses waiting to receive their share of the promised $130bn jobkeeper wage subsidy payment.
Here’s how we can avoid the ‘bathtub scenario’
by Ebony Bennett[Originally published in The Canberra Times, 03 April 2020] It’s not every day I get up at 6am to talk about inequality with a Nobel Prize winner, but hosting the Australia Institute’s Economics of a Pandemic webinar series afforded me that opportunity this week. Before dawn on Thursday, Professor Joseph Stiglitz of Columbia University, joined
Trust in the Time of COVID-19: Global Polling Shows Government Only Institution Trusted to Lead World out of Pandemic Crisis
Government is the most trusted source of information relating to the COVID-19 pandemic and the institution most trusted to lead the world out of the current economic crisis, new research from The Australia Institute’s International & Security Affairs Program has revealed. The Australia Institute conducted surveys of over 1,000 people each in Australia, New Zealand,
April 2020
Inequality in a Pandemic with Professor Joseph Stiglitz Nobel Laureate economist
To discuss Inequality in a Pandemic, The Australia Institute is privileged to bring you some very special guests from our ‘Economics of a Pandemic webinar series: Nobel Prize laureate economist Professor Joseph Stiglitz, ALP National President Wayne Swan and our chief economist Dr Richard Denniss.Part of the Australia Institute’s ‘Economics of a Pandemic’ webinar series.
After the Crisis with Jim Chalmers
It’s not too early to start thinking about how we rebuild the economy after the crisis. Hear Shadow Treasurer Jim Chalmers discuss why ‘snapback’ just won’t cut it, as part of the Australia Institute’s ‘Economics of a Pandemic’ webinar series. Recorded live on Wednesday 29 April 2020.Jim Chalmers’ Guardian article is here.Language warning – an
What does a good economic recovery package look like?
The Prime Minister has said the economic recovery won’t be ‘business as usual’ but so far the corporate sector’s wish list is indistinguishable from ‘business as usual’. But how can we judge whether or not a proposal like company tax cuts stacks up? How do we know if it will have a better or worse
Pandemic Shows Australia Needs Domestic Manufacturing
Disruptions in global supplies of essential medical equipment have served as a wake-up call to Australians that it is always vital for a country to retain the capacity to domestically produce manufactured products that may be crucial to national security and well-being.
Polling: Uptake of Government COVID-19 App
New research from the Australia Institute shows that 45% of Australians say they will download and use the Government’s COVID-19 mobile app, while 28% say they will not used it and 27% unsure. The Australia Institute surveyed a nationally representative sample of 1,011 Australians about whether they would use the government’s COVID-19 mobile app on
Covid-19: Media in crisis
The Australian media industry, particularly journalism, was already going through a major disruption before the pandemic hit. At least 51 news media outlets and newsrooms have closed since the beginning of the coronavirus crisis in Australia, according the The Guardian.This episode features a discussion about the crisis facing the media between Kim Williams, Chair of
Majority Want Increased Funding for ABC as Trust in Public Broadcaster Grows: Polling
An overwhelming 75% of Australians support increased funding for the ABC to reflect its emergency broadcaster role, as new research by The Australia Institute shows the ABC continues to grow as the most trusted news source in Australia and the proposition of privatising the ABC is opposed by 59%. The Australia Institute surveyed nationally representative
What should we keep from the old economy, and what should we build anew?
There is hope in sight for the COVID-19 crisis. Australia’s curve appears to be flattening, and the numbers are looking so promising that the Prime Minister is talking about what needs to happen for restrictions to be eased – though the current rules will stay in place (like all of us) for the next four weeks at least.
93 Economic Experts Back Govt Wages Subsidy in Open Letter
93 Australian economists and policy experts have signed an open letter, coordinated by the Centre for Future Work at the Australia Institute, supporting a government wage subsidy to prevent mass unemployment during the coming economic downturn resulting from the COVID-19 pandemic.
Polling: Gov Support for Arts Industry Popular and Necessary
New research released today by the Australia Institute highlights the significant economic contribution of the creative arts in Australia and the threat that COVID-19 presents to the sector. The research also reveals that a majority of Australians (58%) support a $750 million federal relief package to support the live music sector which has been most
Public Sector Pay Freezes Could Push Economy From Recession to Depression
New research from the Australia Institute’s Centre for Future Work reveals the consequences of freezing public service pay, both for public sector workers and for the broader economy.
The role of artists and the arts in rescuing the economy
The Australian arts industry was one of the earliest economic casualties of Covid-19 as museums, theatres, galleries, festivals and music venues shut down to avoid a public health crisis leading to massive job losses –even as more than ever we rely on music, TV and books to help us cope with isolation.In this episode we’re
What is your life really worth?
It’s early days, but it looks like the measures Australia has taken to stop the spread of Covid-19 appear to be working. But not everyone sees it that way. Many commentators and economists think that the restrictions we’ve put in place go ‘too far’. So we asked chief economist at the Australia Institute, Richard Denniss,
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