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 have changed since recording.
The Australia Institute // @theausinstitute
Guest:
Matt Grudnoff, Senior Economist, the Australia Institute // @MattGrudnoff
Host: Ebony Bennett, Deputy Director, the Australia Institute // @ebony_bennett
Producer: Jennifer Macey // @jennifermacey
Edited by: Emily Perkins
Theme Music: Pulse and Thrum; additional music by Blue Dot Sessions
Between the Lines Newsletter
The biggest stories and the best analysis from the team at the Australia Institute, delivered to your inbox every fortnight.
You might also like
What have the scientists ever done for us?
Australian scientific discoveries have improved people’s lives and made the economy more productive – so why is the CSIRO being forced to shed workers again?
The housing crisis is turning into an inequality crisis
The rising concentration of property and investment assets in the hands of wealthier Australians is making housing crisis worse and deepening economic divides.
The Wage Price Index shows pay packets are up. So why doesn’t it feel that way?
The latest figures from the Australian Bureau of Statistics show wages are growing at a reasonable rate, but a deeper look shows a big problem might be about to bite Australian workers.