Articles on Unemployment

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Warnings of a drop in Australia’s real GDP per capita - a measure of living standards - still provide a stark contrast to Greece, where the real GDP per capita is likely to be 25% lower in 2013 than in 2008. AAP

Do dire warnings of falling living standards add up to need for tax reform?

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…
The Reserve Bank of Australia is expected to keep the cash rates unchanged tomorrow: but prominent economists say the case for a cut may be firming. AAP

Hold ‘em: but case for interest rate cut strengthens

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…
Policymakers should ensure that the safety net provides adequate income for daily needs as well as ensuring that people are positioned to quickly reintegrate into satisfactory paid employment. freefotouk

No through road: path to prosperity eludes America’s jobless poor

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…
Australia’s economy was relatively unscathed by the global financial crisis, according to data from the latest Melbourne Institute HILDA survey. AAP

The benign effects of the “Great Recession”

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…
Australia’s economy is in rude health - yet people’s fears of imminent economic disaster are not groundless. AAP

Grim faces as GDP booms: what is happening here?

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…
Increasing workforce participation of women and older people could increase Australia’s GDP by $50 billion. AAP

How can Australian governments change the game for economic growth?

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…
There are more jobs, but even more job seekers. Flickr/Victor1558

Unemployment up, but it’s a good news story

The rise in Australia’s jobless rate for May was “a good news story”, economists said, as the largest increase in full-time…
Equal pay is not the only obstacle women face in the labour market: there’s also higher unemployment, underemployment, and heightened risk of job insecurity. Victor

Mind the gap, but there’s more to gender equality than pay parity

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…
For the majority of Newstart Allowance recipients, payments barely cover the cost of rent - let alone other living expenses. AAP

Paltry Newstart Allowance is fast becoming a poverty trap

Despite ongoing uncertainty about global economic conditions, prosperity in Australia remains both very high and relatively widespread. But there is one group in Australia who has not shared in our rising…
The not-for-profit Foodbank Australia represents one of the largest distributors of food to hungry Australians. But what is the role of government? AAP

The average Australian wastes 200kg of food a year - yet two million of us also go hungry. Why?

Globally, more than 800 million people are chronically undernourished. And some of these people live in Australia. Of course, these people do not live in desperate refugee camps; and most do not endure…
Policy or populism? Wayne Swan may be locking himself into a misguided stance on returning to surplus. AAP

Why is Wayne Swan locking himself into a return to surplus?

It is just possible that the Federal Government’s public statements about the need to get back, at all costs, to a budget surplus for the 2012-13 year are based on a grim view of the intelligence of the…
Carers lose out in the current welfare system. Flickr/dominikgolenia

Tax Forum: Make the social security system fair

Almost 50 cents of every dollar spent by governments in Australia goes on social spending - either social security or health and community services. This week’s tax forum must reform the system, as the…

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