August 2024
New figures reveal yet again that wage growth is not driving inflation
The growth of wages under enterprise agreements is now as low as it has been for nearly a year.
Pour one out for the big four banks
Australia’s big banks are among the most profitable in the world, so forcing them to compete is essential, says Greg Jericho.
Wealth of nations: how Australia’s prosperity is funnelled to the ultra-rich
Australia’s flawed tax system means that there’s never been a better time to be ultra-wealthy in Australia, despite some people struggling to put food on the table.
Closing Loopholes Protections, Including Right to Disconnect, Come Into Effect 26 August
New labour rights coming into effect on 26 August, including the ‘Right to Disconnect’.
Taxes on tampons, tax breaks for luxury utes: gender in the budget
Last week, the federal government announced plans to define menstrual products as “lifestyle-related” and exclude them from NDIS funding.
Who is holding the purse strings?
Next month, the Albanese government is due to announce its proposed changes to Australian electoral laws. It has been a long road. The minister responsible, Senator Don Farrell, had planned to introduce the laws by the end of last year.
Greedflation: what’s really causing inflation | Joseph Stiglitz on Q+A
Is government spending inflationary?
Tax System Turbocharging Wealth Inequality in Australia
The wealth of Australia’s richest 200 people nearly tripled as a share of GDP over the last two decades, as inequality grew to new record levels in the country, the Australia Institute has shown.
Rate expectations: will Australians get a rate cut for Christmas?
The Reserve Bank Governor may be keeping her cards close to her chest, but a slowing economy means a rate cut this year could still be on the table, says Greg Jericho.
The rate rises have cost households and businesses billions of dollars
The rate rises over the past 2 years have seen banks taken billion from households and business in increased interest payments.
.Fossil fuels are gobbling up construction capacity and it’s hurting at home
In the wake of the Reserve Bank’s latest forecasts, Treasurer Jim Chalmers is facing calls that government should cut back on infrastructure investment to relieve inflation pressures and free up workers and resources to build much-needed housing.
$41 billion of new fossil fuel projects are gobbling up construction supply chain
$41b of committed resource and energy infrastructure projects is soaking up construction capacity that could otherwise be used to build essential infrastructure, such as housing and roads.
NT motorists pay 32 times more in rego than the gas industry pays in royalties: New research
Motorists pay almost 32 times more in vehicle registration than the gas industry pays in royalties in the Northern Territory, according to new Australia Institute research.
Off-Peak Hot Water: One Simple Change to Support Renewable Rollout
Australia’s off-peak hot water systems should be reconfigured to consume electricity in the middle of the day, rather than at night, according to new research from the Australia Institute and Buildings Alive.
How superannuation tax concessions help the rich get richer
Super tax concessions make inequality worse and are at risk of becoming more expensive than the aged pension.
July 2024
Would you like a recession with that? New Zealand shows the danger of high interest rates
New Zealand’s central bank raised interest rates more than Australia and went into a recession – twice.
A second Trump presidency would send Australia down a dark economic path. Here’s how it might play out
While Kamala Harris has restored some hope for Democrats in November, the likelihood of a Trump presidency still remains very strong. And if that happens, Australia may find itself more damaged than any other major country.
Big ute loophole cost taxpayers over $250 million in 2023
Tax breaks for huge, American-style utes cost Australians over $250 million in foregone revenue in 2023, according to a new report from the Australia Institute.
Superannuation tax concessions are making inequality worse
Superannuation tax concessions were designed to encourage saving, but instead they are being used by the wealthiest to avoid paying tax
What would Trump 2.0 mean for the global economy?
The prospect of tariff hikes and higher inflation in a second Trump term has economic policymakers nervous, says Greg Jericho.
Australian workers’ living standards have been destroyed – and there is little good news ahead
Over the next few weeks, the Reserve Bank will ponder just how strong the economy is.
Renewable hydrogen: Superpower, or green mask for fossil super villains?
My children are aged three and four. They love anything with super powers – Spiderman, vampires, Paw Patrol, everything.
Australia wastes billions making housing more expensive
It’s not easy to screw up the housing market this badly – it’s taken Australia decades of bad policy and billions of dollars to get here, Matt Grudnoff says.
Understanding the Future Made in Australia
The Albanese Government’s industrial policy framework – the Future Made in Australia Act (FMAA) – has finally been unveiled.
Over 30 organisations urge the Rockliff government to release Tasmania’s decade-overdue State of the Environment Report
Tasmania’s Government has failed to publish a State of the Environment Report since 2009,
despite having a legal obligation to do so every five years.
Why Queensland is Miles ahead of the game
Canberra doesn’t really have a fossil fuel industry, which perhaps explains why we lead the country in decarbonising our economy.
Value for money? The princely salaries of private school principals
While public school funding lags, principals of private schools are paid up to four times their state system counterparts.
Supermarxist? Dutton and the duopoly
The prime minister joked that the Coalition is turning communist, but having strong powers to break up the Coles-Woolies duopoly is sensible economic policy, Matt Grudnoff says.
Dutton’s divestiture plan would help with cost-of-living, keep lid on inflation
The Coalition’s proposed divestiture powers to break up major hardware and grocery retailers could help keep inflation down and assist with cost-of-living pressures. “The introduction of divestiture laws is a sensible tool to stop large companies like Woolworths and Coles misusing their market power. It would be good for prices at the checkout and help
New union rights to boost workplace cooperation
New rights for volunteer union delegates are set to make workplaces more, not less, cooperative, according to a new analysis by the Australia Institute.
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