Australia’s unemployment rate is at what would once been regarded as full employment. But that doesn’t mean it can’t fall further.
We should ignore out-of-date and failed theories and test what full employment really means in 2018.
To protect bank customers, the law could mandate behaviour defined in a code of conduct to be strictly liable, and breaches criminal.
Banks have viewed their codes of conduct as non-binding statements of comfort. They need to enforce them under pain of legal penalty.
School children at Nunawading Christian College in Melbourne. What if rural students were educated as well?
Lifting the standards of rural and remote students to the those of urban students could boost the economy by 3.3%
Calls to boycott supermarket-branded milk only put greater pressure on the dairy farmers who supply it.
AAP Image/Mal Fairclough
Calls to boycott supermarket-branded milk are misguided; and a royal commission into treatment of dairy farmers would be money wasted.
The internet is everywhere, except in the economic growth figures.
The internet has always been just about to deliver an enormous spurt of economic growth or productivity growth A new meta-analysis of 59 econometric studies finds it is yet to do so.
Policies such as subsidies for livestock feed risk weakening proper management incentives for farmers to plan for and adapt to drought.
AAP Image/Lukas Coch
We need to make sure well-meaning policy responses to drought don't do more harm than good.
The entrenched practice of retail superfunds using superannuation trust funds as profit-making enterprises undermines the integrity of the whole superannuation sector.
We rightly expect trustees of superannuation funds to do their jobs. Much stronger behavioural controls and civil penalties are needed to ensure they do.
The Productivity Commission can build a case about the economic benefits of unclogging waiting rooms.
The strength of the Productivity Commission inquiry is that it will use an economic rather than a purely health lens.
Air could come rushing out of the housing market all at once.
The Reserve Bank is worried that a further tightening of lending standards could take the air out of the housing bubble quickly. Here's how.
Stressful work environments can exacerbate menopausal symptoms. Women who enjoy higher levels of support, on the other hand, report lower levels of menopausal symptoms.
rawpixel / Unsplash
Menopause at work is about creating a supportive environment for women, not managing menopause.
The prime minister appears to want to make it easier for backpackers to work on Australian farms.
Making it easier for holidaying backpackers to work on Australian farms will make it harder for Pacific Islanders, and increase exploitation on farms.
Many cocoa producers in Ghana and the Ivory Coast use child labour and child slave labour.
The Modern Slavery Bill before the Senate is touted as 'smart legislation', because it asks for information rather than imposes penalties, but it mightn't be enough.
Red star rising: China has clear strategic designs on the Pacific Islands region.
Huge loans to poor island nations leave them vulnerable to becoming vassal states for China's strategic interests.
Ministers Lim Hng Kiang, David Parker, J. Jayasiri, François-Philippe Champagne, Steven Ciobo, Heraldo Muñoz Valenzuela, Dato Pehin, Toshimitsu Motegi, Ildefonso Guajardo, Eduardo Ferreyros and Tran Tuan Anh at the signing of TPP-11 in Santiago, Chile, March 8 2018.
Labor says it will wave through the 11-nation Trans Pacific Partnership deal, then amend it in government. That won't be easy.
Women in investment management report an “ingrained” culture of sexism. This includes stereotyped views of women being best suited to administrative roles.
Women in investment management face sexist treatment and no accommodation of parenting responsibilities. That's bad news for a sector critical to all Australians’ economic security.
It is hard for donors to nonprofit organisations to know how much of their money goes to the cause they want to support.
Research shows just 16% of nonprofit organisations disclose their finances. The sector needs more accountability, not less.
It’s low-income earners and renters who are paying more.
Energy prices have doubled in ten years, but as a proportion of income, most of us are paying no more.
Amazon has lifted its lowest pay rate to US$15 an hour.
Australia's unemployment rate may have to fall much more before we see any wages growth.
Consumer reviews have changed many an industry.
Reviews are essentially short stories. The best use the same elements that make a novel gripping.
Australian cricket captain Steve Smith makes a media mea culpa after the ball-tampering scandal.
AAP Image/Brendan Esposito
Cricket Australia's cultural problems are a lesson for corporate Australia, particularly for those companies whose own cultural problems have been exposed by the banking royal commission.
Fewer than than 5% of renters are unhappy with their landlord, but rent can be expensive.
Most renters are happy with their landlords and happy with the quality of their accommodation, but they would like better security of tenure and cheaper rent.
The pay gap between the chief executive and the typical worker in firms such as BHP is about 100 to 1.
Labor wants to require Australia's big companies to report the ratio of their chief executive's pay to their workers' pay. While it might embarrass some, there's no evidence it would make them pay their workers more.
Changing the legal definition of employee is not enough to ensure the protection of gig workers into the future.
AAP / Joel Carrett
The crucial question is not whether gig workers are employees or independent contractors, but what rights they ought to have as contractors.
Waking an hour earlier on Monday won’t make you much more dangerous.
Overseas research says putting the clock forward hurts the financial markets. But not in Australia, according to a real-world study along the Queensland-NSW border.
Students in Australia who want to undertake a flight training degree need to find close to $35,000 upfront.
We have known for more than a decade that the pilot training pipeline is close to rupturing. Now the crunch has come there are some obvious things to do.