In choosing not to impose restrictions on bonuses and commissions, the government left untouched the incentives for inappropriate financial advice and lending decisions.
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The design of a workspace can actually have similar effects to a drug on those who create it, consume it or pursue it.
The new strategy is centred on investment in 5G while making Telstra smaller and simpler. But 5G might not fill the A$3 billion hole caused by the NBN.
Everyone is better off under the superannuation guarantee levy, but low and high income earners see a greater benefit than those in the middle.
Chinese financing and know-how present both a threat and an opportunity for infrastructure development. Australia can benefit from proactively identifying needs that Chinese investment can help meet.
If governments step in, this might be a war that customers, workers and the community can still win.
The Australian Bureau of Statistics’ latest analysis of the impact of government benefits and taxes on household income shows this reduces income inequality by more than 40% in Australia.
Water and energy use are becoming more efficient, which is good news for both the economy and the environment. But Australia has yet to realise the value of national environmental accounting.
Doomsaying about new technologies is as old as technology, and it’s a vital part of how we figure out when and where something should be used.
A whole bunch of folks are on the wire, and if their housing payments go up they are going to struggle.
It isn’t easy, but musicians build ‘portfolio careers’ by being adaptable, multiskilled and willing to learn, so they can pursue creative work that they believe in.
Young people are the most vulnerable as industry and the labour market undergo radical change, but meeting this challenge could just be a matter of plugging existing gaps.
Supply-chain experts see reliable data, STEM education and smarter regulation as essential for Australia to succeed in an increasingly automated world under pressure to be environmentally sustainable.
An 85-95% effective marginal tax rate means the second earner in a low-income family can increase from two days’ work a week to three, four or five days and be better off by only about $4,000 a year.
Supermarkets and consumers might gain from more private label brands, but Australian suppliers are likely to lose out.
There’s a lot that Richard Denniss gets right. Neoliberalism clearly has an array of problems. But he risks throwing out what is good about liberalism in attacking neoliberalism.
Several large retailers and supermarkets have announced they are going to downsize to smaller stores.
Working with organisations outside the business – universities, research bodies, other businesses – can greatly expand Australian firms’ capacity to innovate and match larger rivals overseas.
Reserve Bank of Australia governor Philip Lowe has effectively ruled out an interest rate rise until wage growth tops 3%.
That the Fair Work Ombudsman brought a case against Foodora suggests its workers are most likely to be classified as employees. This could dissuade other platforms from offering similar benefits.
Economics isn’t just about money – it offers ways to tackle many of our problems. But economists lack diversity, and that limits how they see the world and the solutions they offer.
Interviews with Chinese executives confirm the political debate about China is creating feelings of being unwelcome and apprehensive about investing in Australia.
Studies of workplace happiness have tended to overlook the well-being of managers. They earn the big bucks so should suck it up, right? But a happy boss means a happy team – and that’s good for everyone.
The Commonwealth Bank has agreed to pay a $700 million fine over its inadvertent failure to tackle money-laundering. But the penalty is in line with punishments for far more serious violations by other banks.
The charges laid against ANZ and other banks over alleged cartel-like behaviour suggests that Australia is following the United States in cracking down on anti-competitive behaviour.