Governments can’t undo the technological changes behind frozen wages and rising inequality. The best policy is to invest in education and training to give workers skills of value in the new economy.
Aggregate demand is being hit by the concentration of income growth among the top earners and is now a drag on economic growth.
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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.
Talk of the post-industrial society is mostly hype without evidence.
The latest World Bank report on South Africa identifies land reform as critical factor of addressing the country’s economic challenges.
EPA/Kim Ludbrook
The positive energy that’s greeted the new South African President, Cyril Ramaphosa, will turn to protest if economic challenges are not addressed quickly.
Politicians and economists call for emissions cuts while also embracing free trade – they can’t have it both ways.
Jobs and growth underpinned by a healthy level of investment are essential aspects of a modern society, but cutting the company tax rate is not the way to go.
Mick Tsikas/AAP
While many market observers blame the growing threat of inflation for the stock market crash, the real culprit may be concerns that the economy is about to slow.
Principal Research Fellow, Melbourne Institute of Applied Economic and Social Research, and Professor of Economics, Department of Economics, The University of Melbourne