This factbook reviews eleven different dimensions of job security in Australia, and documents a clear and multi-faceted deterioration in the overall stability of work in the period from 2012 (the peak of the resources investment boom) to the present.
In the 2018 Budget, the government announced a radical plan to reshape the income tax system over the next seven years. While the first stage of the plan largely involves tax refunds for low and middle income earners, stage two and three would remove the 37 per cent tax bracket – and, as a consequence, flatten Australia’s tax system.
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Leading up to the budget there has been a good deal of concern over the status of the NDIS, also known as DisabilityCare Australia. It is important to understand just what is going on and how secure the funding might be.
The centrepiece of the budget is an enormous income tax cut over seven years. This is unusual because the budget papers only show the impacts of policy changes over four years. What is also unusual is that the big parts of the tax cuts start in the fifth year, just outside the budget’s forward estimates and therefore the real impacts of these tax cuts are hidden from public view.
Public sector austerity has become a “policy fad” in Australia, at all levels of government. Its hallmarks are unnecessary public sector wage caps, outsourcing, downsizing, privatisation and the imposition of so-called “efficiency dividends” which allegedly drive productivity growth but in reality cut spending and reduce the quality of public services. These policies of austerity are not justified by economic theory, especially not in conditions of chronic macroeconomic weakness, unemployment, and underemployment (such as characterise most areas of Regional NSW).
Lock the Gate asked The Australia Institute for assistance in estimating the potential employment impacts of increased mine rehabilitation in Queensland. This relates to the Mineral and Energy Resources (Financial Provisioning) Bill currently before the Queensland Parliament.
For at least five years now, Australia’s labour market has demonstrated signs of a structural shift that has undermined traditional patterns of wage determination, and eroded the quality and security of work.
Promotion of large-scale irrigation in the West Kimberley ignores the lessons of the East Kimberley. Census data shows that despite huge public subsidy in Ord irrigation, the major employers in both regions are health, education and services. Tourism, carbon farming, renewable energy and high-value niche agriculture are also avenues of potential development.Discussion paper
Liddell is the oldest power station in Australia. It is particularly vulnerable to breaking down in hot weather when demand is high, and electricity is most needed. It has suffered four major breakdowns so far this year. Two of these were within two hours of peak demand on very hot summer days. The continued reliance on Liddell will lead to less reliable and more expensive energy in NSW and will undermine investment in new capacity.
Of the tax cuts in the 2018 Federal Budget, Australian women get half the tax cut of men.
New research today by The Australia Institute shows about two thirds of the benefit of the income tax cuts proposed will flow to men, while previous spending cuts have mainly disadvantaged women.