Britain is currently experiencing its longest and deepest economic slump in a century. But through new research we’re only just beginning to realise quite how dramatic the impact of this recession has…
With economic “green shoots” appearing, you might expect to see improvements in the labour market, with higher wages and lower unemployment. But don’t get the champagne out just yet: this crisis isn’t…
“Australia has one of the lowest unemployment rates in the developed world.” - Finance minister Penny Wong, The Drum opinion article, 14 January. Several ministers, including finance minister Penny Wong…
Australia is facing increasingly stiff competition from developed economies all vying for a share of the growth pie in the East and South Asian region, where Australia has integrated its value chain activities…
A fifth of Britain’s young people are out of work; how long before they snap? The International Labour Organisation has recently issued warnings about possible youth unrest in the future, as young people…
John Van Reenen, London School of Economics and Political Science
The UK labour market has done much better than expected since the start of the recession. Although we are suffering the worst recovery for over a century – national income has shrunk by almost 3% since…
In his State of the Union address, US President Barack Obama reignited a perennial debate in his proposal to increase the minimum wage from its current level of $7.25 an hour to $9.00 an hour. Advocating…
Along with stagnating economic growth, Tasmania is facing a major demographic challenge - rising unemployment and a population which is both the oldest in the country and ageing faster than any other state…
It is universally agreed Newstart is inadequate, especially for the long-term support of individuals or families. The government says their solution is for recipients to get a job, but that is not easy…
The term “precariat” conveys the idea that the old working class, the proletariat, has transmuted into a new social class where work and life are characterised by precariousness and risk. While the old…
The announcement by the US Federal Reserve Bank that it would link its monetary policy to the achievement of specific economic targets beyond inflation is a new development in its approach to policy. In…
Last week, the Organisation for Economic Cooperation and Development (OECD) in a preliminary version of its 2012 Economic Outlook lowered its growth forecasts for Australia from 3.7% to 3.0% in 2013. This…
CAMA’s Shadow Board, which gives its views ahead of the decision by the Reserve Bank of Australia, continues to support the current setting of the cash rate at 3.5%. But economists are seeing a greater…
In the late 1990s, American writer and activist Barbara Ehrenreich spent a year working in low end jobs in the United States documenting the pitifully low wages, the oppression, and barriers to upward…
In September 2008 the sudden collapse of the investment banking sector in the US would propel much of the world - especially Western economies - into the worst economic recession since the Great Depression…
A simple line graph of the share of mining investment in Australia’s GDP reveals the scale of what our economy is going through. It shows that mining investment is now twice as large relative to GDP as…
If Australian governments are serious about raising rates of economic growth, they must reform the tax mix and increase the workforce participation rates of women and older people. Each of these reforms…
The rise in Australia’s jobless rate for May was “a good news story”, economists said, as the largest increase in full-time jobs in 18 months was offset by an even bigger increase in the number of people…
The quest for equal pay between men and women represents one of the oldest battle lines for feminism. The Equal Opportunity for Women in the Workplace Agency (EOWA) finds that women’s wages are now 17.4…