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Business + Economy – Articles, Analysis, Comment

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The gulf between what Domino’s CEO Don Meij earned in 2017, A$36.8 million, and those who deliver the pizzas is extraordinary, so is the CEO worth that much? Paul Miller/AAP

CEO pay is more about white male entitlement than value for money

The evidence suggests the impact of CEOs on company performance isn’t enough to justify their sky-high pay, which is really based more on a culture of power and privilege.
The NBN is on the path to being privatised after construction finishes. AAP

What should be done with the NBN in the long run?

The NBN is on track to be privatised after the infrastructure is completed, but there are a number of other options that would retain the benefits of its disruption of the telecommunications market.
Treasurer Scott Morrison may be happy with a budget in balance by 2019-20, but the rising burden on individual taxpayers is a worry. Mick Tsikas/AAP

Rising reliance on personal income tax signals need for bolder reforms

Personal income taxpayers are shouldering more of the burden, while less revenue is coming from taxes on companies, capital and consumption. Only major reforms will change these sustained trends.
Most Australian children have such a glut of toys that parents are opting to give them gift cards so they can choose for themselves. rawpixel/Unsplash

No presents, please: how gift cards initiate children into the world of ‘credit’

Many children receive gift cards or even ask for them so they can choose their own presents. But are youngsters ready to handle the wiles of advertisers and the complexities of ‘credit’ on a card?
Aggregate demand is being hit by the concentration of income growth among the top earners and is now a drag on economic growth. Shutterstock

How rising inequality is stalling economies by crippling demand

News that Australian CEO pay has soared to a 17-year high at a time when ordinary workers’ wages are flatlining is ultimately bad news for economic growth and prosperity.
Gig platforms don’t have a large share of the labour market yet. Mavis Wong

Australian jobs aren’t becoming less secure

There is very little evidence that overall labour market insecurity is getting any worse. Trends are stable for rates of casualisation, churn, self-employment and multiple job holders.
From the first hearings of the royal commission, the senior counsel assisting, Rowena Orr QC, laid bare the toxic culture behind many consumer lending practices. Eddie Jim/AAP

Restructuring alone won’t clean up the banks’ act

Restructuring might help manage conflicts of interest between offering advice and selling products, but it doesn’t fix the culture that sacrifices customers’ interests to the pursuit of profits.
Federal and state governments have put their hands up to fund airport rail links before we have even seen business cases. David Crosling/AAP

Missing evidence base for big calls on infrastructure costs us all

Billions of taxpayer dollars are committed before all the evidence for, and against, infrastructure projects is in. As well as missing business cases, basic rules of economic modelling are broken.
It is hoped that the Royal Commission will bring a renewed enthusiasm for suitable and properly adapted customer service provision that values Indigenous consumers and take their circumstances into account. AAP Image/Dean Lewins

The Royal Commission revealed financial services woes for many Indigenous customers. Here’s what can be done

With enough will and resourcing, many of the structural issues that make financial services a trial for many Indigenous consumers can be overcome. But we need more regulation to deter sharp practice.