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The Commonwealth Treasury has released the report of a three-person panel charged with reviewing the structure, governance, and effectiveness of the Reserve Bank of Australia (RBA). Treasurer Jim Chalmers accepted in principle all 51 of the panel’s recommendations, ranging from creating a separate board to make decisions on interest rates, to giving the Bank a simpler dual mandate to pursue both price stability and full employment.
Key results The Australia Institute surveyed a nationally representative sample of 1,002 Australians about their attitudes towards the Federal Government’s response to the housing crisis. The results show that: Two in three Australians (68%) disagree that the Federal Government is doing enough to tackle the housing crisis, including 65% of Labor voters, and 83% of
This report provides an overview of workplace and job-related factors found to act as barriers to sustainable and inclusive employment for people in groups likely to experience labour market disadvantage. Key findings are that job quality, working arrangements, inclusivity and opportunity for participation at work all matter for inclusive and sustainable employment, along with individual and external systemic and structural barriers to work.
New research from the Centre for Future Work at the Australia Institute has revealed how rises in the minimum wage have almost no impact on inflation and given the collapse in the value of the minimum wage in real terms over the past 2 years, a 7% increase is a necessary recompense for Australia’s lowest
The transition towards a low-carbon future is a pressing issue, and household electrification has emerged as a critical component of Australia’s ongoing shift in energy use. In response, The Australia Institute commissioned a research report to better understand current public sentiment towards home and vehicle electrification via new community research. This report provides a snapshot
The 20 electorates that will benefit the most from Stage 3 are all classified as metropolitan, with 10 in Sydney, five in Melbourne, three in Brisbane, and one in Perth and Canberra. Of the 20 electorates that benefit the least, 12 are classified as rural.
New research from the Centre for Future Work at the Australia Institute has shed further light on the role of higher corporate profits in driving higher prices in Australia since the COVID pandemic.
Since the global financial crisis there has been a fundamental change in the operation of the Australian economy. Since World War Two, the majority of the benefits of economic growth have flowed to the bottom 90 per cent of income earners. However, as shown in Figure 1, between 2009 and 2019 the top 10 per
Australia’s light duty vehicle fleet is among the least fuel efficient in the world, using 24% more fuel per kilometre travelled than the UK. If the UK’s modest standards could be met here, Australian drivers would save $13 billion a year in fuel costs and overall transport emissions would be 17% lower.
If NSW had adopted Queensland’s progressive coal royalty system in 2021-22 it would have raised an additional $2.8 billion. For 2022-23 this figure is estimated at between $4.2 billion and $6.2 billion.
As tertiary education has become increasingly essential to employment outcomes, financial security, and meeting the demands of the future economy, the importance of affordable or free tertiary education increases. Instead, education is getting more expensive. Tuition fees have increased significantly since their introduction, and debts are growing and taking longer to repay. The context of
Safe drinking water and sewage services are one of the most essential elements of public infrastructure in our society. Communities cannot survive and thrive without reliable water services. Providing those services is core business for any municipal or regional government.
This report examines the barriers to closing the gender gap by reviewing Australia’s position within the industrial countries of the OECD. The report also uses data from the ABS and the ATO to highlight gender disparities across all levels of income, ranges of occupation and ages, as well as disparities regarding who undertakes the greater
The Australia Institute made a submission to the review of the Environmental Claims Code to encourage the Australian Association of National Advertisers (AANA) to drive integrity and best-practice in Australian advertising.
Workers in Australia have suffered considerable economic losses as a result of accelerating inflation since the onset of the COVID pandemic. Reaching a year-over-year rate of 7.8% by end-2022, inflation has rapidly eroded the real purchasing power of workers’ incomes; average wages are currently growing at less than half the pace of prices. Now, severe
Life expectancy in Far West NSW is almost six years lower than in Sydney, with the divide getting worse. Those in the Far West are twice as likely to die prematurely compared to those in Sydney, and ‘potentially avoidable’ deaths are two and a half times more likely. Suicide is twice as likely for residents
Tax breaks for superannuation will cost the Federal Budget $52.5 billion in 2022-23, almost equal to the $55.3 billion spent on the aged pension. Super concessions benefit the rich, while the pension is important for the poor. Major reform is overdue.
The Draft Tasmanian Salmon Industry Plan has been developed in the absence of a range of up-to-date Government policies and legislation. Relevant legislation is listed for near- and medium-term review and there is a complete absence of other key government policies.
NT water policy changes are aimed at expanding irrigation, particularly cotton production. Government and industry claims that cotton expansion would create significant employment and tax payments are not supported by data. Census figures show that cotton is one of the least jobsintensive sectors in the economy. According to the Australian Tax Office, major cotton companies
Australian coal export revenue increased by $73b, or 186% in 2021-22. Between $21b and $39b of this is directly attributable to the Russian invasion of Ukraine.
This is the Australia Institute’s submission to the review into the functions and operations of the Reserve Bank of Australia (“the RBA”).
New research from the Centre for Future Work challenges the methodology and conclusions of a recent Productivity Commission study of productivity in Australia’s container port system.
The report, by economist Dr Phil Toner, suggests that the Commission’s exercise was ideologically motivated, and failed to properly interpret its own data.
Between 4 and 7 October 2022, the Australia Institute surveyed a nationally representative sample of 1,003 Australians about their understanding of the impact of poverty and their attitude to the appropriate level of income support. The results indicate an overwhelming majority of Australians support the principle that income support payments should keep people out of
The Australia Institute surveyed a nationally representative sample of 1,001 Australians about their views on wages and cost of living. The majority of Australians report that their wages have not kept up with the cost of living over the past 12 months. For two in three Australians (68%) their wages have either not grown at
Australia can contribute significantly to democracy, security and prosperity in our region by addressing the region’s most existential threat, climate change, and by better governing our own resource sector.
This year marks the fourteenth annual Go Home on Time Day (GHOTD), an initiative of the Centre for Future Work at the Australia Institute that shines a spotlight on the maldistribution of working hours and the scale of unpaid overtime worked by Australians.
Working beyond scheduled hours has long been a problem for Australian workers. The nature and scale of overtime has more recently been shaped by the rise in flexible working arrangements and the integration of information and communication technology at work. Checking emails on the weekend, taking multiple-time-zone calls out of hours, and teleconferencing from the dining table have all become familiar experiences amongst workers. This both enabled working from home conditions during the pandemic for a large portion of workers, and accelerated patterns of overtime through the blurring of lines between work and home life.
The provision of essential public services generates extraordinary and far-reaching economic and social benefits for the Hunter region. A new report prepared by the Centre for Future Work documents the scale of these benefits for workers, families and communities across the Hunter. The fact sheets provide a portrait of the different ways public services build a stronger economy, strong communities, and better lives.
New research from the Centre for Future Work quantifies the dramatic risks faced by workers whose employers unilaterally terminate enterprise agreements during the course of renegotiations. This aggressive employer strategy, which became common after a precedent-setting 2015 court decision, would be curtailed by new industrial relations legislation proposed by the Commonwealth government.
The reforms proposed in the Secure Jobs, Better Wages bill represent important but incremental steps in restoring a better balance of bargaining power between workers and employers, and lifting wage growth back toward a normal and healthier pace.