Off the Charts
A picture tells a thousand words and Off the Charts is where you’ll find the charts and graphs that tell the most interesting stories. Across all the areas the Australia Institute covers, we give you the pictures that help you understand what is really going on in the world.
May 2024
No, the budget is not inflationary
For a budget to be inflationary there needs to be actual evidence of surging demand. In this budget we have the opposite
.Gas industry emissions will cost us much more than their so-called economic benefits
The emissions from the gas industry are delivering a devasting cost to our future
The decision to scrap the levy on waste exports means more plastics will end up in landfill
Most plastic Australians use already ends up in landfill and the decision to scrap the levy on waste exports will only make things worse
“Sticky” inflation does not mean more rate rises are needed
The majority of items driving inflation now are not responsive to further rate rises
.April 2024
Federal funding for private schools
In 2024, the Commonwealth Government will spend an estimated $29.1 billion on schools in Australia. More than half of this – $17.8 billion – will go to private schools.
People are starting with much larger HECS/HELP debts than in the past – and it is only going to get worse
Australians in their 20s have HECS/HELP debts more than $10,000 greater in real terms than did people 20 years ago
HECS/HELP indexation is sending those earning less than $65,000 backwards
Ending the indexation of HECS/HELP debts would deliver a truly interest free-loan for students
.Wages growth in enterprise agreements provides no reasons for worry about inflation
Wage growth in enterprise agreements is at a level completely compatible with long-term inflation targets
Investing in a renewable manufacturing industry is vital for Australia’s living standards (and climate)
Australia’s economy is less an advanced economy than it is a petrostate style simple economy. That needs to change
March 2024
Wage growth in private-sector enterprise agreements falls in the last quarter of 2023
The latest figures reveal that wages in the private-sector are not growing out of control – indeed they appear to have peaked.
Sorry, Coles and Woolworths, but high wheat prices are not to blame for your bread prices
At worst at worst, the increase in wheat prices should have caused a 0.75% increase in the price of bread. Instead they soared.
February 2024
Western Australia’s phony gas shortage
Western Australia produces much more gas than the state needs and any fears of a shortage is driven by the industry to increase prices
New data shows many businesses are now using non-compete clauses – and that’s bad for workers.
Non-compete clauses limit the ability of workers to seek better pay and conditions and not surprisingly employers love them.
Real wages are finally growing! But they have a long way to go
Let us celebrate real wages rising, but not forget how far we have to go.
For more affordable housing we need more public housing.
Public housing was once much more common – we need more public housing rather than rely on private landlords to keep prices down
The capital gains discount and negative gearing benefit the rich and destroy housing affordability
We need to stop giving billions to high income earners that just exacerbates the housing crisis
Yes, the government collects more money from HECS than it does from the petroleum resource rent tax.
We need to tax things we want less of and subsidise things we want more of. Right now with PRRT and HECS, we’re doing it the wrong way round.
January 2024
Sorry, but Stages 1 and 2 did not make Stage 3 fairer. Only changing Stage 3 did that
The total tax package designed by the Morrison government was not fair because Stage 3 was so clearly directed to giving money to those on high incomes. The new changes improve the entire package.
Australian governments suck up to Japanese fossil fuel companies. Again.
The Australian and Northern Territory Governments continue to do all they can to help foreign gas companies including giving them gas for free, despite them paying next to no tax.
Wages continue to reduce inflationary pressures
The latest enterprise agreements figures show that wages continue to grow in line with long-term inflation targets, and that wages continue to provide a dampening impact on inflation.
SUVs and utes are no longer just work vehicles, but tax-subsidised behemoths
It is clear the massive increase in SUVs and utes is not due to more tradies or those using them on weekends, but because out tax system encourages the purchase of these behemoths to the detriment of our roads, our safety and the climate.
December 2023
The Wellbeing Framework needs a better measure of living standards
The Wellbeing Framework suggests Australia’s prosperity is linked with company profits, but it wrongly suggests this also measures people’s living standards.
..The Wellbeing Framework needs to come up with more trustworthy ways to measure “Trust in Institutions”
The Wellbeing Framework attempts to measure how well Australians trust their institutions. Unfortunately, the government seems to have chosen measures designed to tell a good story.
The Wellbeing Framework’s measure of innovation misses the mark
The Wellbeing Framework aims to measure what matters, but its measure of innovation has little to do with research or development
‘No one left behind’: Why doesn’t the Wellbeing Framework measure poverty?
According to Treasurer Jim Chalmers, the new Wellbeing Framework “helps us put … fairness and opportunity at the very core of our thinking”, but (astoundingly) lacks any substantive measure of poverty.
..The Wellbeing Framework’s metric of greenhouse gas emissions is the same one used by past climate-change denying governments
The most important issue for Australians’ wellbeing is to reduce greenhouse gas emissions and yet the government is not being honest about its progress in the the Wellbeing Framework.
15 per cent of Australia’s emissions come from sending fossil fuels overseas
The Australian government talks big on the world stage about how we need to end reliance on fossil fuels, but our exports don’t match our rhetoric.
The national accounts show just how wrong the RBA was to raise rates in November
In the September quarter, household living standards fell as rate rises continued to hurt. And then in November the RBA decided to hurt them again.
November 2023
The Government needs to stop using dodgy “land use” accounting to suggest emissions are falling
It is time for the Government to stop using land use figures to make their greenhouse gas emission projections look better than they really are.
....First-home buyers grants – 20 years of failed attempts to improve housing affordability
The Queensland government’s decision to double the first home owner grant is just the latest in 20 years of governments stoking demand for housing that makes affordability worse.
Curated by
Off the Charts is curated by Greg Jericho, Chief Economist at the Australia Institute and the Centre for Future Work.
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