Widening income and wealth gap.(ODT)
Middle-class Australians are being squeezed into lower incomes or absolute poverty at some of the fastest rates in the developed world, according to a new international report that warns of the growing threats from job automation.
Ahead of an election campaign that will be dominated by appeals to a “fair go” and “equality”, a report from the OECD released on Thursday said high-income earners in Australia were grabbing a larger share of national income, leaving less for the rest.
With Australian incomes falling over the past two years and stagnant over the past five, who has the money any more?
Many of the worst decisions are based on the notion that we must remain competitive – whatever it takes. Sportspeople are willing to take banned substances, risking their health, reputation and livelihood, to be competitive. Teachers and students are willing to cheat to obtain undeserved exam results to be competitive. Countries around the world have…
The CEO has tripled his remuneration, and the board want a 50 per cent pay rise, but that’s OK. Crown Resort’s largest shareholder, James Packer, can now help vote through the pay bonanza.
By Denis Bright For the first time in generations, issues about social class are intruding into the 2016 election agenda. Barnaby Joyce made an unintended contribution to the politics of class in his assessment of Bill Shorten in a RN Breakfast interview with Fran Kelly: People are going to have a clear choice between someone…
Over the last two years, while our GDP has risen by about five per cent, our GNI has not risen at all. Therefore, on a per-capita basis, our income has been falling. In fact it has been falling for about the last four years, the same period as our household savings have been running down. The graph below is one you are unlikely to find in any of Morrison’s press releases.