News, media releases, opinions and articles from the Centre for Future Work.
Stop the fear, give workers a fair pay rise
The whole point of public-sector wage caps is to keep all wages down It took roughly one day after the New South Wales election for conservative media groups to begin spreading fear about union power and public sector wage blowouts. But as labour market policy director, Greg Jericho writes in his Guardian Australia column these…
The housing market has cooled, but housing unaffordability remains a long way off
House prices are falling but housing unaffordability remains high The most recent data on the value of dwelling around Australia reveals the prices in most capital cities have fallen over the past year and are likely to keep doing so for some months. But the data also shows that housing affordability remains a long way…
Women Earn $1m less than men & $136,000 Less in Super over Working Life
New research released on International Women’s Day reveals Australian women earn $1.01m less over their working lives than men, based on median income data.
Women earn $136,000 less in superannuation over their working lives than men, based on median income data. Women earning the median wage wil…
Australian Inflation Reflects a Historic Redistribution from Workers to Bosses
The upsurge of inflation since the COVID-19 lockdowns has not had equal impacts on all Australians. Workers and low-income people have experienced the worst losses: both because their incomes, in most cases, have not kept up with prices, and because they are more dependent on essential goods and services (like shelter, food, and energy) than…
Profit-Price Spiral: Excess Profits Fuelling Inflation & Interest Rates, not Wages
New empirical research reveals the main driver for inflation in Australia is excess corporate profits, not wages, and that inflation would have stayed within the RBA target band if corporates had not squeezed consumers through the pandemic via excess price hikes.
Key Findings:
A Profit-Price spi…
Superannuation needs an objective and needs to be reviewed
Superannuation is too important for retirement to be allowed to be a tax dodge scheme for the wealthy. It is time to review the scheme and stop the abuses This week the government announced a review to legislate the objective of superannuation. Surprisingly, there is no official objective of superannuation and this has allowed it…