Truth behind 'fact' that's scared young Australians
One of the most significant economic developments of this year was realising how pessimistic many of our youth have become about their prospects of ever landing a decent full-time job.
Ross Gittins is economics editor of the SMH and an economic columnist for The Age. His books include Gittins' Guide to Economics, Gittinomics and The Happy Economist.
One of the most significant economic developments of this year was realising how pessimistic many of our youth have become about their prospects of ever landing a decent full-time job.
There's no swear word in politics today worse than "neoliberalism".
Scott Morrison is right. We're experiencing "solid" growth in the economy – provided you remember that word is econocrats' code for "not bad – but not great".
Pettifogging proposals won't do the budget much good but will hit the poor hard.
A huge proportion of government spending on capital works is unlikely to yield much economic or social return to taxpayers.
The banks and other opponents of a royal commission into banking told us it would generate a lot of noise and expense without achieving anything of value. They'll probably still be claiming that when the just-announced inquiry has reported.
It's the weak growth in wages that's giving people trouble balancing their household budgets.
Good old rich Uncle Mal has been to see his bank manager, got the overdraft extended, and is determined we'll all have a great Chrissie, no matter what.
It's a process that's gone on for so long few people have noticed it: the waning influence of the once-mighty federal Treasury.
We complain about the cost of it but most Australians are living more prosperous, even opulent lives than any generation before us. The problem is we can only continue living the high life for so long.
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