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Business + Economy – Articles, Analysis, Comment

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Slow wage growth is leading to over-indebtedness among those that can afford hosues. shutterstock

Increasing wages would make the Australian economy safer

Low wage growth isn’t just bad for households - it’s also bad for the overall economy. Research shows that increasing wages would take some of the risk out of the housing sector.
The YES vote will mean many workplaces should update their HR policies to reflect changing laws and attitudes toward same-sex marriage. AAP

How the ‘yes’ vote will impact workers and HR

The yes vote in the marriage equality postal survey will have broad reaching implications - including into LGBTIQ+ policies in the workplace.
Australia’s Trade Minister Steven Ciobo speaking after a meeting for the Trans Pacific Partnership in Vietnam. AAP

The Trans-Pacific Partnership is back: experts respond

Many provisions in the Trans-Pacific Partnership have been suspended after the United States pulled out. But there’s still much to debate about the regional free trade agreement.
Prime Minister Malcolm Turnbull during the leaders’ retreat at the Asia-Pacific Economic Cooperation (APEC) Summit in Da Nang, Vietnam, Saturday, 11 November 2017. AAP

Australia’s tenuous place in the new global economy

The latest report from the Committee for Economic Development of Australia points to shifting global winds on globalisation and free trade. What can Australia do to continue to weather the storm?
The latest storefront advertisements from lingerie retailer honey birdette have drawn a wave of criticism from the public. Facebook/Verina Green

Honey Birdette and the changing attitudes to sex in advertising

Lingerie retailer Honey Birdette has drawn a wave of criticism for its depictions of women in its storefront advertising. How are are some advertisers working to break the old stereotypes?
SoftBank Group Corp Chairman and CEO Son attends a news conference in Tokyo in February 2017. reuters

What we can learn from the Warren Buffett of the web

Softbank has become one of the biggest global names in tech. The story of its founder and CEO Masayoshi Son offers some prescient insight in how to navigate highly competitive global markets.
The ACTU has launched a campaign to create a living wage. AAP

Explainer: what exactly is a living wage?

The ACTU has proposed Australia adopt a “living wage”. This might improve the incomes of some people, but it wouldn’t solve “working poverty”.
A classic example of successful issue management is the NRA’s actions in the wake of the Las Vegas shooting. Brian Snyder/Reuters

What the NRA can teach us about the art of public persuasion

In the wake of the Vegas shooting, the NRA has turned the public’s attention away from the core issue of banning guns by using a business strategy called issue management.
When using a cryptocurrency, you interact with a system like the blockchain, an online ledger that records transactions, directly. Bitcoin, is an examples of this. www.shutterstock.com

Why the RBA would want to create a digital Australian dollar

A digital Australian dollar could remove the role of middlemen and creates a cheaper electronic currency system, while at the same time enabling the government to fully regulate the system.
The perimeter fence at Silverwater jail in Sydney’s west. AAP

Business Briefing: questioning the economics of prison

Business Briefing: the business of prisons CC BY31.3 MB (download)
Prisons are big business in Australia. Companies not only run entire prisons but provide many of the services. But what does the research say about the impact?
Once proud, department stores are just a shell of their former selves. Rousel Studios. Collection: Museum of Applied Arts and Sciences.

History says department stores will struggle in the future

Department stores created many of the familiar aspects of modern retailing, from off-the rack clothing to loyalty cards. But much of their business has been taken by others.