Australia is in for a long and damaging economic slump, unless governments inject substantially more fiscal stimulus.
New Grattan Institute modelling shows that most Australians will have a comfortable retirement – even if they’ve spent some of their super early.
Coastal electorates that rely heavily on tourism have been hit hardest, and workers in rural and regional electorates have been hit harder than workers in the major capitals.
The March labour force data will report on a jobs market that sadly no longer exists – the Australia before widespread spatial distancing and shutdowns of non-essential businesses.
Workers affected by the COVID-19 economic crisis can now access up to $20,000 of their super to help see them through. It’s a good move.
It’s clear than many Australian households will need help if they loose their livelihoods through the COVID-19 crisis. They should be a high priority for the Morrison Government as it puts together its second economic support package.
Over a third of Australian workers don’t have paid sick leave. They’re in a vulnerable position.
Our new paper finds that when super goes up, wages grow more slowly. This has sparked a lively debate – and the need to correct some myths and misconceptions about our work.
Looser macro-prudential rules, rather than the federal election result, appear to be driving a rebound in house prices in Sydney and Melbourne.
Low income earners are struggling with high housing costs and there are widespread calls for governments to help. But the last major effort, the National Rental Affordability Scheme (NRAS), was fundamentally flawed.