Save the world, give workers a share in profits
The world of wages has gotten out of whack.
Peter Martin is the Economics Editor for The Age.
The world of wages has gotten out of whack.
A further slide in business investment has economic forecasters pondering the unthinkable: that the Australian economy shrank in the September quarter, and that next week’s GDP growth figure will have a minus sign in front of it.
Turnbull and Morrison are genuinely concerned about the inability of ordinary Australians to buy houses and are open to ideas.
The OECD believes the next move in Reserve Bank interest rates will be up, sometime before the end of 2017.
Coalition voters spent up big on cars after Tony Abbott's 2013 win.
So popular are weekend penalty rates that a startling 76 per cent Australians who don't get them want them to stay.
The concept of "two Australias" isn't new, but those of us in VicNSW are less aware of it than we were back at the peak of the mining boom when it was QldWA versus the rest.
The Reserve Bank has promoted Luci Ellis to the position of Assistant Governor (Economic), making her to first woman to become what is effectively the Bank's chief economist.
The United Kingdom, Ireland, Belgium, France, Fiji, Mexico, South Africa and parts of America have sugar taxes. Australia could be next.
Australia's tax system has become skewed towards a growing and apparently untouchable group of 'taxed nots' - they are older Australians who pay roughly $1 billion per year less tax than younger Australians in the same circumstances, according to a new Grattan Institute report.
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