November 2012
The high price of stress
Job ads and corporate websites are often littered with claims that particular companies are “employers of choice” or committed to the wellbeing of staff. But according to a recent survey by the Australia Institute, around one third of the workforce reports experiencing stress and anxiety as a result of their work. About 2.2 million workers
Australian farmers lose out from mining boom
Australian farmers have lost $43.5 billion in export income since the mining boom pushed the Australian dollar to historic highs, a new analysis by The Australia Institute reveals. Beating around the bush: The impact of the mining boom on rural exports examines the rural sector’s export income from the beginning of the mining boom in
All work + no play = stress
John Howard’s description of work/life balance as a ”barbecue stopper” was more accurate than he realised. Not only does it continue to stop conversation among the ”working families” of such interest to political strategists, but the length and unpredictability of working hours makes it increasingly difficult for friends and families to make plans and keep
Do you know what time you will go home from work today?
Media release Do you know what time you will go home from work today? More than 2.2 million Australians head out to work each morning with very little idea what time they will knock off that night, according to new research by The Australia Institute. In estimating the time that they will knock off, more
Census reveals forestry and logging one of Tasmania’s smallest employers
Census reveals forestry and logging one of Tasmania’s smallest employers New census data reveals that forestry and logging in Tasmania employed only 975 workers in 2011 making it one of the smallest employers in the state, according to analysis by The Australia Institute. The health care industry, on the other hand, employed 24,151 in 2011.
October 2012
Bank customers pay for oligopoly
Neoclassical economics has a clear definition of a competitive market, but it has been so debased by Australian politicians and business leaders that it now borders on meaningless. According to mainstream textbooks, a competitive market is one in which there are lots of buyers and sellers, none of whom have any market power. Buyers are
Coops offer alternative
They’re not widely publicised, but co-operatives and mutuals give customers a different option to the major banks. You might not like the fact that the big banks dominate 90 per cent of the mortgage lending market or that the finance industry makes a fortune investing your compulsory super in other big companies that buy up
Date announced for national Go Home On Time Day!
Put it in your diary – Wednesday November 21 is this year’s national Go Home On Time Day – the day Australians are encouraged to say ‘no’ to last-minute meetings, avoid out-of-hours emails and calls, and claim back some work/life balance.
Big four’ or credit unions? The $76,000 question
Despite eight in every ten Australians belonging to a co-op or mutual such as the NRMA or AustralianSuper, only 16 per cent realise it, according to a new paper by The Australia Institute being launched today. In the first analysis of its kind, The Australia Institute has mapped the size and scope of mutually owned
When policy lacks nuance
The faith of Australian policymakers and business leaders in communist China to keep delivering record growth is touching. Just as they assume the sun will rise tomorrow, so too do they believe those responsible for setting China’s exchange rate, making five-year plans and running their vast state-owned enterprises will keep doing a great job. When
Lurk before you leap
It’s always a bit sad watching someone torn between what they said they wanted and what they really wanted. Choosing can be hard at the best of times, but having an audience can make it excruciating, so spare a thought for the good folk of the Business Tax Working Group. Corporate Australia has told us
September 2012
Taxing issues for voters
The Canberra Liberals are hoping to win the upcoming election on a promise of lower rates. If you vote Liberal, the ads blare, your rates will be lower. But what is not clear is whether they plan to collect less tax overall. The ads are strangely silent on this issue but the simple fact is
Productivity – lazy workers or lazy analysis? – NL Sept 2012
This edition of The Australia Institute’s newsletter features: Productivity – lazy workers or lazy analysis? David Richardson Gina’s call a bit rich Dr Richard Denniss Exposing the great sunscreen cover-up Dr Gregory Crocetti Measuring fugitive emissions Matt Grudnoff Could you live on $245 per week? Ben Irvine Infographics The economy and social justice Senator Doug
Miners should pay premium
Listening to the mining industry complaining about the high exchange rate is like listening to a three-year-old complaining about the noise of their own tantrum. It simply adds insult to injury. The surge in world demand for our resources and the flood of foreign money into Australia to buy or build mining assets has been
Opposition engages in class warfare by attacking super rebates for low income earners
Media release 14 September 2012 Press reports today suggest the Coalition has plans to scrap the superannuation rebate for low income earners. A recent publication by The Australia Institute ‘Can the taxpayer afford ‘self-funded retirement’?’ has drawn attention to the super rorts benefiting high income earners in Australia. ‘When in government the Coalition turned superannuation
Political cowardice on ‘self-funded’ super
There are two fiscal elephants in the Gillard government’s cabinet room. The first and better known elephant is the fact that the government’s wafer-thin surplus has been crushed under the weight of a slowdown in revenue forecasts and a speed-up in new spending announcements. The second elephant is that the cost of so-called “self-funded” retirement
August 2012
Report shows Big Four banks are scoring off household mortgages
THE big banks are creaming off almost $100,000 in profit from struggling home owners in our major capital cities, data shows. The banks’ profit levels on the average 25-year mortgage more than doubled in the past 12 years as property prices rose. The numbers raise questions about claims from the banks that higher funding costs
How our courts are pricing justice out of public reach
The court system in Australia is of little use to most Australians who might wish to resolve a commercial or civil dispute. While the courts provide a check on executive government and can, as was the case with the Mabo decision, deliver landmark rights to vulnerable groups, their cost makes first class flights to Europe
Tasmania’s forestry sector akin to work for the dole
Late last week, the details of an interim agreement between the forestry industry and green groups on the future of Tasmania’s native forests was released, showing the distance between the two parties has narrowed considerably. Both sides now support the creation of additional reserves and a permanent native forest timber production area, and want governments
Forestry Tasmania must face reality
Imagine if a company lost money selling something that it never paid for. Now imagine that company was owned by a state government. In an environment in which state governments and oppositions are either crying poor or crying waste you might imagine that such expensive mismanagement would create a bit of political heat. But the
We pay more for most things
Canberrans pay more for petrol than residents in other capital cities. In fact, we pay more for petrol than people in nearby regional towns like Albury. While I don’t have too much sympathy for the oil companies, we shouldn’t single them out for too much criticism as the simple truth is that Canberrans pay more
Survey results – Perception versus reality: Forestry in Tasmania
In July 2012 The Australia Institute conducted an online survey of 542 Tasmanians regarding their perceptions of the forestry industry and its contribution to the state’s economy.
James Price Point LNG project will cost jobs and drive up cost of living for local communities: new analysis
According to the Western Australian government’s own economic assessment, the Browse LNG precinct proposed for James Price Point is likely to have a significant adverse impact on the state’s budget, will employ few local workers and harm the region’s reputation as a tourist destination, a new analysis by The Australia Institute has found. Mr Matt
Super subsidies: a budget spending secret
The budget papers mask some public spending by classifying it as ‘tax expenditures’ The amount the federal government spends on superannuation subsidies is forecast to hit $45 billion in 2015-16. Yes: $45 billion! That’s well over 10 per cent of the government’s total projected outlays and bigger than the amount spent on the age pension.
Time to untangle the web of renewable energy policies
Australian climate policy has been defined by its volatility. Grand plans have been hatched, only to wither in the face of opposition. Where policy measures have come to fruition, most have had a short lifespan. On the surface, the one major exception to this is the renewable energy target or RET, which was created by
Debt is not the villain – NL July 2012
This edition of The Australia Institute’s newsletter features: Debt is not the villain Dr Richard Denniss Childcare’s market model in dire need of reform Eva Cox It’s hard to escape the big four banks David Richardson Illicit drugs: Changing the current prohibitionist paradigm Prof Bob Douglas A promise delayed, is a promise denied Bridget Griffiths
July 2012
What we don’t know can hinder us
The federal government spent $374 billion last year providing services to its citizens, but it’s amazing what the government doesn’t know about those citizens. It is only every five years that we accurately measure the population through the census, and it’s only every six years that we get an accurate indication of what households spend
Lower cost, lower cover
There aren’t many people who, after 12 months of incident-free driving, focus on the money they wasted insuring their car against an accident that never happened. Similarly, on returning safely from an overseas holiday, there aren’t many travellers who wish they had got better ”value for money” from their travel insurance policy. Insurance is one
What nobody wants to say about the carbon tax package
Over the past 12 months, the political debate over whether the carbon price is a tax or an emissions trading scheme has been as brutal as it has been boring. Rather than explain the details of what is, in fact, a hybrid scheme, the government, opposition and media have instead busied themselves in the politics
KPIs’ have little relevance in managing our health system
‘KPIs’ have little relevance in managing our health system. There is an old saying that for every complex problem there is a solution that is simple, neat and wrong. The modern delusion that the creation of simple “key performance indicators” can solve complex problems like the management of the health system, the performance of our
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