June 2024
Majority of Australians Back Action to Track and Address Child Poverty
Four in five Australians (83%) want the Federal Government to officially define and measure poverty levels, and for income support payments to be boosted to prevent children from living in poverty, according to new research by the Australia Institute.
As the Coalition goes nuclear, Labor is free to ensure fossil fuels are burned with abandon and little scrutiny
The sham of Australia’s climate change policy has been made clear in the past two weeks.
Webinar: Stop passing the buck -Workers’ compensation and ‘gig’ workers
Workers’ compensation and rehabilitation are amongst the most important legal issues facing the ‘gig’ economy. This reflects the potential vulnerability of these workers and their families, co-workers, and community to harsh and long term consequences from injuries. For a while, it looked like federal industrial policy might ‘solve’ the workers compensation problem by redefining ‘gig’/platform
The narrow path
At a time of major uncertainty in the economy, Reserve Bank Governor Michele Bullock’s honesty is refreshing, says Greg Jericho.
The Seamless scheme and developing an Australian circular textiles industry
Every single year in Australia over 200,000 tonnes of textile waste go to landfill, and more than 100,000 tonnes are shipped overseas. Australia must somehow scale this 300,000-tonne mountain of clothing if the nation is to make the textile industry circular by 2030.
Momentous budget and planning decisions must be based on current environmental data
Leading environment and policy groups are calling on the Tasmanian Government to make the decade-long-delayed State of the Environment Report public before several key financial and planning decisions are made by the government and the parliament later this year.
Households are hurting. Savings are weak. The future’s uncertain. Is a rate cut near?
The Reserve Bank’s decision to keep rates steady reinforced that the economy at this moment remains one with both good and bad signs, and the RBA governor, Michele Bullock, is refreshingly upfront about the difficulties.
Professor Joseph E. Stiglitz Australian Speaking Tour: July and August 2024
Professor Joseph E. Stiglitz, Nobel Laureate, former World Bank Chief Economist, and best-selling author and professor at Columbia University, will visit Australia from late July 2024 for a national speaking tour to discuss Australia’s growing inequality, the levers available to governments to address it, and his latest book, ‘The Road to Freedom: Economics and the Good Society’.
The tax stats show the gender pay remains widespread across almost all occupations
The 2021-22 taxations statistics show that men have a higher average salary in 96% of all occupations
“Sticky inflation” is not Australian workers fault and higher interest rates and lower wages won’t solve it
Australia’s inflation is rising and falling in line with the experience in Canada and the USA despite the RBA not raising rates by as much as did the central banks in those two countries.
Australians buy more clothes than any other country | Video
“We are recommending a tax on fast fashion to protect Australian businesses and also protect the environment.”
Pick your poison
The government is trying to strike a delicate balance in the economy, getting inflation down without sending the country into recession, says Greg Jericho.
Obsessing over the inflation rate misses one key point: the economy is more than just how fast prices are rising
Over the past few weeks some economists and commentators have become rather obsessed and unhinged about Australia’s inflation rate.
Machiavelli would have known what to do about PwC
Today, the name of Niccolò Machiavelli is a byword for cynicism and hunger for power, but there was one profession so parasitic and selfish even he could not stomach it.
Australia’s Great Gas Giveaway | Between the Lines
This edition: Independents call out the gas industry and Australia’s consultant addiction continues
Superannuation tax concessions entrench income and gender inequality
Australia Institute research finds women and low-income earners are being left behind by a superannuation tax concession system that disproportionately benefits high-income earners and men.
“Shocking” near-zero growth a sign that rates are hurting the economy – Jericho
High interest rates have dramatically slowed the economy, pushing many households to their limits, says Greg Jericho.
It is time to abolish the expensive Fuel Tax Credit that incentivises fossil fuel use.
The OECD has recently called for the end of Australia’s Fuel Tax Credits Scheme, which is growing in cost every year.
Why our GDP is going nowhere
Near-zero economic growth is a good sign of how bad things are, says Greg Jericho.
How Australia created a housing crisis (and what we can do to fix it)
Australia is in the midst of a housing crisis, fuelled by poor government policy.
Australia is on the brink of recession. So why does the RBA think we are spending too much?
The latest GDP figures reveal that the RBA has got its wish of an economy growing so slowly that it teeters on the edge of a recession.
The fatal flaw in Australia’s renewable energy superpower plan | Video
Digging into details of the Future Made in Australia plan, does the Government’s actions match their rhetoric?
Majority of Australians back digital free-to-air sports coverage
Australia Institute research has found a majority (56%) of Australians want free-to-air sports coverage to be available on the internet.
Australian public universities are now spending millions on consultants
Figures from Queensland and Victoria reveal that public universities spend over $200m on consultants, while students HECS/HELP debt soar.
Zero royalties charged on $111 billion in WA gas sales
Australia Institute research has found that 73% of gas exported from WA attracts zero royalty payments, effectively giving a public resource to multinational gas corporations for free.
Privatised Profits, Services Failure: Consumers Worse Off After Three Decades of Competition Policy
New analysis from the Australia Institute shows that the privatisation, deregulation, and outsourcing of public services has failed to provide economic or social returns to Australians.
Minimum wage increase fails to erase post-pandemic losses
Today’s 3.75% increase in the national minimum wage and Modern Awards provides a badly needed income boost for Australia’s lowest-paid workers, and will help to prevent a possible recession by supporting stronger consumer spending.
No need for panic over ‘sticky’ inflation: Jericho
Inflation has stopped falling, but there’s no need for a further rate hike, says Greg Jericho.
May 2024
Majority of Offshore Gas Projects Paid ZERO Royalties | Video
“The Australian public thinks the gas industry should be paying for the gas.” “We can keep doing dumb things if we want to. But if this Government wants to have more money for schools, more money for hospitals…there is a simple tax reform opportunity here.” – Executive Director Richard Denniss on ABC The Business
Walking the inflation tightrope
Inflation isn’t falling as fast as most economists want, but a rate rise now would do more harm than good, says Greg Jericho.
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