News, media releases, opinions and articles from the Centre for Future Work.
Carmichael Centre Announces Appointment of Prof. David Peetz as Laurie Carmichael Distinguished Research Fellow
Prof. Emeritus Peetz has recently retired from a long career at Griffith University, where he served as Professor of Employment Relations at the Centre for Work, Organisation and Wellbeing. He is also a Fellow of the Academy of Social Sciences in Australia, and author of several important books on labour policy, including: Unions in a…
With interest rates set to rise another 3 times, no wonder consumers are feeling grim
The Reserve Bank now forecasts real household incomes will take longer to recover than they did during the 1990s recession and is also projecting economic growth at historical lows. Australian consumers are right to feel worried about the future. Right now Australian consumers have less confidence than they did in April 2020 when the entire…
The Reserve Bank is betting that monetary policy is not powerful
The signs are already evident that household consumption is falling despite most mortgage holders yet to feel the full effects of the rate rises. The Reserve Bank however believes more pain is needed. On Tuesday the Reserve Bank lifted the cash rate to 3.35%, making for a total increase of 325 basis points since May…
As interest rate rises bite, the Reserve Bank should not raise rates next week
The cost of mortgages is soaring and households are spending less in the shops – the Reserve Bank should hold off on raising rates again next week Since May last year, the Reserve Bank has increased the cash rate from 0.1% to 3.1%. The latest cost of living data released this week reveals that this…
Inflation looks to have peaked but the RBA set to keep raising rates
Most economists believe inflation has peaked and yet the Reserve Bank is still expected to raise rates next month despite real wages falling by more than 4% last year. The latest inflation figures showed that in 2022 prices rose faster on average than they have for 32 years. But while this speed might suggest inflation…
The Reserve Bank needs to wait before raising rates again
Home loans have fallen sharply in the past year, and the rate rises are clearly having a major impact. As such the Reserve Bank needs to wait before raising them again. In 8 months the Reserve Bank raised the cash rate from 0.1% to 3.1% in an effort to slow inflation growth which has been…