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Economics
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- Employment & Unemployment
- Future of Work
- Gender at Work
- Gig Economy
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- Tax, Spending & the Budget
- Unions & Collective Bargaining
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November 2020
Work and Life in a Pandemic
2020 marks the twelfth annual Go Home on Time Day, an initiative of the Centre for Future Work at the Australia Institute that shines a spotlight on overwork among Australians, including excessive overtime that is often unpaid.
Submission: A 2050 Strategy for the Blue Pacific Continent
The Australia Institute made a submission to the Department of Foreign Affairs and Trade’s Consultation on the Pacific Islands Forum (PIF) 2050 Strategy.
On the make
Rebooting Australian Aluminium
A new report from the Centre for Future Work highlights the continuing economic importance of Alcan’s aluminium smelter in Portland, VIC, and discusses the potential of new renewable energy technologies to underpin the facility’s rejuvenation and long-term viability.
A comparison of the economic impacts of income tax cuts and childcare spending
A comparison of the impact on employment of child care expenditure and income tax cuts of an equivalent net cost to the budget. The clear superiority of childcare expenditure in stimulating economic activity reflects the concentration of the benefit on a cohort with much greater capacity for labour supply response.
The Choices We Make
New research by the Australia Institute’s Centre for Future Work analyses the economic effects of COVID-19 on Tasmania, and suggests how Tasmania can ‘build back better’ out of the COVID-19 crisis, making key recommendations to help Tasmania avoid the mistakes made at the Federal level. Ahead of Tasmania’s State Budget, set to be delivered on 12 November 2020, in this new report the Centre for Future Work has explored what the shape of Tasmania’s economy could look like, and how it can recover and reconstruct after this pandemic.
October 2020
Not For Publication
Budgets are a key part of Australia’s democratic system, with budget papers giving the public a valuable opportunity to see how much money is spent and on what. Some items in federal budgets are not made public, however, and are marked ‘not for publication’ or ‘nfp’. Often, items claimed as nfp are still being negotiated,
Tax cuts or spending: What is the most effective stimulus?
Bringing forward stage 2 of the tax cuts is ineffective stimulus. Up to 12 times as many jobs could be created if an equivalent amount of money was spent on labour intensive industries.
Rethinking Official Development Assistance
This discussion paper was presented at a roundtable on the future of Australian Official Development Assistance (ODA), arguing that Australia has long had deep national interests in the provision of development assistance in the Asia-Pacific region, regional security concerns being not the least of them. If Australia is to “step-up” its aid in the Pacific
Public Service in Challenging Times
In times of crisis, governments have a responsibility to their citizens to maintain and expand their role in the economy – for both economic and social reasons. This responsibility has never been clearer than during the current COVID-19 pandemic, and its associated economic downturn. Australians are counting on their governments to protect them from the pandemic, support them through the resulting recession, and play a leading role in rebuilding a stronger, healthy society in the aftermath of this unprecedented catastrophe.
Tax and Wellbeing: The impact of taxation on economic wellbeing
It has been claimed that higher levels of taxation weaken the economy but a comparative study of 188 economies shows that higher levels of taxation are correlated with higher average income. The positive correlation also exists with other measures of economic wellbeing. Please note: this report was updated on 8th December 2020, correcting an error
September 2020
Proposed amendments to the Poisons Standard
The Australia Institute and FearLess support the rescheduling of psilocybin and MDMA from Schedule 9 to Schedule 8 of the Poisons Standard. The potential risks from this change are small while the benefits are potentially large. Academic studies recognise the low level of harm caused by these substances. Despite researchers finding “easy to very easy”
Early tax cuts as stimulus – gender analysis
The benefit from bringing forward personal income tax cuts would mostly go to high income men. Despite recession job losses affecting women more than men, $2.19–$2.28 of the tax cut will go to men for every $1 that goes to women.
Reforming Tasmania’s state tax system – Some options
There hasn’t been any wide-ranging public discussion concerning the need for reform of the Tasmanian state taxation system, or what such reform might look like, since the State Tax Review Panel process initiated by then-Treasurer Michael Aird in 2010, and which was abruptly terminated in November 2011. Tasmania’s state tax system contributes a smaller proportion
Polling: Voters Want JobSeeker Boost, Government Spending over Tax Cuts
New research from The Australia Institute has shown more voters want to see Government spending going towards supporting those looking for work and spending on infrastructure and services than for it to be used to hand out income tax cuts.
Pay Equity in Community Services
The failure of the Commonwealth to confirm that it will maintain funding for community service organisations could threaten up to 12,000 jobs in that sector, at a moment when those services are critical to Australia’s pandemic-damaged economy. That’s the conclusion of new research on the economic importance of Commonwealth pay equity funding, conducted by the
Early tax cuts as stimulus
Bringing forward personal income tax cuts would see more than 50% of benefits go to the highest 10% of income earners and 79%-91% of benefits to the top 20% of earners. Just 3%-4% of the benefit would go to the lower half of all income earners. High income earners would save some or all of
August 2020
Technology, Standards and Democracy
Workers in most industries and occupations worry about the effects of accelerating technological change on their employment security and prospects. New digital technologies are being applied to an increasingly diverse and complex array of tasks and jobs – including artificial intelligence and machine learning technologies which can exercise judgment and decision-making powers. Some studies suggest that as many as half of all jobs may be highly vulnerable to automation and computerisation in coming decades. The NSW Legislative Council has established a Select Committee to examine the impact of technological and other change on the future of work in NSW. The Centre for Future Work has lodged a submission.
Workplace surveillance
Submission to the Select Committee on the Impact of Technological Change on the Future of Work
The Robots are NOT Coming
Startling new research from the Centre for Future Work has shown that Australia’s economy is now regressing in its use of new technology, with negative implications for productivity, incomes, and job quality.
An Investment in Productivity and Inclusion
The COVID-19 pandemic has ushered in an era of unprecedented disruption and transition. Increased public investment in the skills and earning capabilities of Australians will be critical to our post-pandemic recovery.
July 2020
A Fair Share for Australian Manufacturing
New research from the Centre for Future Work reveals that Australia ranks last among all OECD countries for manufacturing self-sufficiency. The COVID-19 pandemic has reminded Australians of the importance of being able to manufacture a full range of essential equipment and supplies; and the COVID recession has created a large economic void that a revitalised manufacturing sector could help to fill in coming years.
JobKeeper: A proposal for clawing back unnecessary spending
Rather than dumping JobKeeper, we can reform it in such a way that more of the payment is clawed back by the government and that can be done by making it taxable at a much higher rate than other business income. This can be achieved very quickly, merely by increasing the rate at which JobKeeper
Poverty in the age of coronavirus: State Breakdowns
The Australia Institute modelled the impacts that removing the coronavirus supplement would have on the number of people in poverty. The national results and an explanation of the modelling are available in Poverty in the age of coronavirus. State specific figures can be found in the following reports: Poverty in the age of coronavirus –
Poverty in the age of coronavirus: The impact of the JobSeeker coronavirus supplement on poverty
Removing the coronavirus supplement in September will push over 600,000 people into poverty including 120,000 children and half a million people who rent or have a mortgage. This will have a profound impact on the lives of many children for the rest of their lives and significantly impact housing and banking in Australia.
Dirty Big Secret: Financial performance of fossil fuel companies
Fossil fuels were the worst performing sector in the ASX 300 over the last decade. $100 invested in the fossil fuel dominated S&P ASX 300 Energy index in 2010 was worth just $104 by January 2020, dropping to $51 with COVID. $100 in the wider market peaked at $237, falling to $169 with COVID. Excluding