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Greg JerichoThe Guardian |
The stakes in the US election are just too high – for America and for the world – for complacency
The Reserve Bank’s Guy Debelle thinks September quarter growth will be positive. That’s not enough to rescue the labour market
The trade surplus remains but the reality is our exports of iron ore are making things look better than they really are
Any government worth its salt should tell Standard & Poor’s to take its warning about stimulus spending and shove it
Neither the budget, the IMF, nor the RBA suggest full employment is anywhere close – not even in the next five years
While most states (excluding Victoria) have recovered about 75% of hours lost, full-time work remains at record lows
The IMF says we can increase economic growth over the next 15 years and decrease emissions to net zero by 2050
Building public housing in the GFC turned out to be good economic and social policy. Amid the Covid recession, what are we waiting for?
Trumpeting infrastructure is all well and good, but it is a strategy suited to defeating the 1990s recession, not the one we face now
The ideology was present by absence – no extension of jobseeker payments, nor any mention of climate change other than in a footnote
Scott Morrison is the type of politician who talks a lot about being pragmatic, and then invariably finds a solution that fosters his ideological...
The evidence is clear that across the world, smaller governments do not lead to a better life for its citizens
There is little sense the government is concerned about improving on the troubled state the economy was in before the virus
The 1990s recession was mostly all about manual labour and manufacturing. This time round it is mostly about services
The industry will only recover once international restrictions are eased and people’s confidence in their safety returns
The August figures were better than expected, but we’ll have to wait a few months to see if it is a sign of things to come
It’s tempting to think we’re almost out of the Covid hole, but this is beyond anything experienced since the Great Depression
The main reason for this is the incredibly cheap mortgage rates currently available
Do we really want fewer healthcare workers right now? Implementing public sector cuts because the private sector is suffering would be folly
The discussion (in certain quarters) about how much money each life is worth is morbid – and generally ignorant
For most people, the chances of getting a job are little better than they were two months ago
Lower tax revenue would lead to cuts in spending and services and even more resistance to raising social security
It is not enough to get back to where we were, we need to catch up the production that would have happened while we were recovering
A government boasting that what it has done has made things better than elsewhere, should not remove these measures
Covid-19 has highlighted what has long been true – Australia’s social security system is woefully inadequate
When everything is going downhill at speed it’s easy to pretend that beforehand everything was fine
The national jobs figures are bad. We still have more than halfway to go to fully recover from the massive fall that occurred earlier this year
Australia’s focus should be on the long recovery ahead rather than numbers that mean little for the real economy
And yet the Morrison government remains focused on a gas-led recovery, which is no recovery at all
The good news is uncertainty is passing. The bad news is we’re certain things are stuffed
There’s a new wrinkle to the recovery: will the level of women working return to pre-recession levels?
Anyone thinking this government will use this crisis to give workers a better say at the bargaining table has a near life-threatening level of...
It shouldn’t come as a surprise that ahead of us, we have a long period of our wages barely growing
After more than six years of flat household income growth, how can anyone still be obsessing over debt and deficit?
The Reserve Bank predicts the economy will shrink only 6% this year. That’s the good news
Unless more people suddenly start taking out home loans it would be unsurprising to see prices drop
We are suffering a catastrophic economic downturn without even the usual bank of solid growth to draw on
A third of the increase in jobs that occurred in May and June has been undone over the past month
It will be interesting to see whether what people perceive as ‘normal’ begins to change as well, and how that affects our economy
During the global financial crisis, Mathias Cormann said Labor’s budget debt was ‘panic stuff’
The benefits of tax cuts and deductions remain skewed towards higher income earners. It’s a distortion to say otherwise
The number of prime-aged Australians either out of work or underemployed paints a truly bleak picture
The latest jobs data snuffs out hopes that Australia is on the way to post-coronavirus recovery
The base rate doesn’t do enough to keep job hunters out of poverty, or to support the economy
The problem is not that the tax cuts will add to debt. It’s that they will significantly narrow the revenue base
The nation should realise just how damaging Victoria’s tightened restrictions will be to our hopes of limiting recession
We need to disabuse ourselves of the notion the economy will ‘snap back’ in 2021 and all will be well
While accommodation and food services have bottomed out, the arts industry remains in crisis due to Covid-19
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