The Australian government’s spending is Keynesian, but its approach to wage growth is not.
The economic recovery is looking more and more V-shaped, the budget recovery will be much slower.
Without a jump in consumer spending the recovery will be slow, and that’s in doubt.
It isn’t available to the bulk of the unemployed, it isn’t available to people who’ve been on JobKeeper rather than JobSeeker, and employers can overclaim.
Australia loses female talent at every stage of the STEM pipeline. A program in which educators and industry work together to help women gain in-demand skills is one piece in the puzzle.
Even after the changes in the budget the financial penalty facing mothers who work reaches 80%. And the changes are temporary.
After the generation of extra jobs and economic activity, it would cost the government only one-fifth of what it spent on it.
It’ll direct money to employers who actually create jobs.
Programs for Indigenous young men’s education are funded at a higher rate than for young women. There is little rigorous evaluation for these programs, and what evidence there is isn’t Indigenous-led.
If anything, the standards are becoming easier, rather than harder, to apply.
In February Australian Treasurer Josh Frydenberg called the idea of a well-being budget ‘laughable’. It’s time he took it seriously.
New research found nearly half of land-based ecosystems and threatened species in Australia have inadequate protections. Yet most of the budget for national parks will go to infrastructure upgrades.
Labor’s proposed childcare measure would result in thousands of dollars saved per year. And it will make it affordable for parents who want to work more while accessing childcare.
There’s a program ready. It’d create 30,000 homes and renovate thousands more, creating up to 18,000 jobs.
Supporting a stable, well-funded preschool system across the country — as we do with school — is an important social and economic investment. But funding remains temporary and unstable.
As well as extra funding for research beyond what has been announced in the budget for 2021, Australia must take half-a-dozen further steps to put the research sector back on a sound footing.
Despite its big sticker price, the 2020 federal budget just isn’t that stimulating.
COVID-19 pandemic has seen the Morrison government abandon long-held dogma on debt and deficits. But on climate and energy, it’s singing from the same old songbook.
The amount going to arts and culture is a pimple to a pumpkin compared to what’s being pumped into the economy as a whole.
Women in particular seem to have been relegated in the 2020 budget to an afterthought.