December 2024
The economy is people
Immigration and public spending are barely keeping Australia out of a recession.
November 2024
Small change for Big Cash
The government locks-in cash for essentials, plus Elinor dreams of a mortgage and Greg contemplates the passage of time.
Go Home on Time Day 2024: Exposing the $91 billion rip-off smashing exhausted Aussie workers
Despite new Right to Disconnect laws coming into force earlier this year, new research reveals Australians are still working an average five weeks’ unpaid overtime each year.
All I want for Christmas…
…is an interest rate cut, says Greg Jericho.
Hitting our limits: the climate and COP29
The United Nations climate change negotiations are skirting around the critical issue of phasing out fossil fuels and are in desperate need of reform, says Sandrine Dixson-Declève.
How to fix Australia’s broken childcare system so everybody wins
The potential social and economic benefits of early childhood education and care are huge.
October 2024
The free market: no problems, ever!
From the number of retirees experiencing poverty to the lack of competition in the banking system, the state of Australia’s economy leaves a lot to be desired, says Greg Jericho.
The misery business: why economists should cheer up about low unemployment
Record numbers of Australians are employed – that’s a great thing, despite what the interest rate doomers are telling you, says Greg Jericho.
Are you feeling NATURE POSITIVE?!
Corporate spin and complex markets distract from real solutions to Australia’s climate and biodiversity crisis, says Greg Jericho.
The government’s coal approvals could make the housing crisis worse
By choosing to extend three coal mines, the government could be inadvertently redirecting construction workers from building houses to the fossil fuel industry.
September 2024
House prices aren’t just cooked, they’re deep fried
Australia’s housing market is cooked and capping international student numbers isn’t going to fix it, says Greg Jericho.
Chalmers is right, the RBA has smashed the economy
In recent weeks the Treasurer Jim Chalmers has been criticised by the opposition and some conservative economists for pointing out that the 13 interest rate increases have slowed Australia’s economy. But the data shows he is right.
Public spending keeps the economy going as the private sector is hit by rate rises
Fast rising interest rates have slowed the economy so sharply that only government spending is keeping it growing
August 2024
The 9 to 5 is back! Time to put the phone on silent
If you’ve ever flicked off an email before bed, texted your boss out of hours, or received an ‘urgent’ work call after clocking off, you’ll be glad to hear some respite is just around the corner. A new right to disconnect from work, for employees in businesses with 15 or more staff, comes into force
New figures reveal yet again that wage growth is not driving inflation
The growth of wages under enterprise agreements is now as low as it has been for nearly a year.
Pour one out for the big four banks
Australia’s big banks are among the most profitable in the world, so forcing them to compete is essential, says Greg Jericho.
Former ACCC Chair Professor Allan Fels to Deliver Third Annual Laurie Carmichael Lecture
The Carmichael Centre is proud to announce that the third annual Laurie Carmichael Lecture will be delivered on 5 September 2024 by Professor Allan Fels AO, former Chair of the Australian Competition and Consumer Commission (ACCC) and Chair of the recent Inquiry into Price Gouging and Unfair Business Practices.
Closing Loopholes Protections, Including Right to Disconnect, Come Into Effect 26 August
New labour rights coming into effect on 26 August, including the ‘Right to Disconnect’.
Rate expectations: will Australians get a rate cut for Christmas?
The Reserve Bank Governor may be keeping her cards close to her chest, but a slowing economy means a rate cut this year could still be on the table, says Greg Jericho.
The rate rises have cost households and businesses billions of dollars
The rate rises over the past 2 years have seen banks taken billion from households and business in increased interest payments.
.Off-Peak Hot Water: One Simple Change to Support Renewable Rollout
Australia’s off-peak hot water systems should be reconfigured to consume electricity in the middle of the day, rather than at night, according to new research from the Australia Institute and Buildings Alive.
Another airline is grounded – should the government buy it?
Flights in regional Australia are an essential public service, so the government could consider stepping in to support the stricken regional carrier, Rex, Greg Jericho says.
How superannuation tax concessions help the rich get richer
Super tax concessions make inequality worse and are at risk of becoming more expensive than the aged pension.
July 2024
Would you like a recession with that? New Zealand shows the danger of high interest rates
New Zealand’s central bank raised interest rates more than Australia and went into a recession – twice.
What would Trump 2.0 mean for the global economy?
The prospect of tariff hikes and higher inflation in a second Trump term has economic policymakers nervous, says Greg Jericho.
New union rights to boost workplace cooperation
New rights for volunteer union delegates are set to make workplaces more, not less, cooperative, according to a new analysis by the Australia Institute.
June 2024
Wages are clearly not driving inflation as new data shows wage growth is falling
With wage growth already falling, further interest rate rises would only serve to punish workers who are already suffering.
A nuclear nothingburger
The faux-debate over nuclear energy is a distraction from the main game – reducing our emissions to address the climate crisis, says Greg Jericho.
Webinar: Stop passing the buck -Workers’ compensation and ‘gig’ workers
Workers’ compensation and rehabilitation are amongst the most important legal issues facing the ‘gig’ economy. This reflects the potential vulnerability of these workers and their families, co-workers, and community to harsh and long term consequences from injuries. For a while, it looked like federal industrial policy might ‘solve’ the workers compensation problem by redefining ‘gig’/platform
The narrow path
At a time of major uncertainty in the economy, Reserve Bank Governor Michele Bullock’s honesty is refreshing, says Greg Jericho.
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