News, media releases, opinions and articles from the Centre for Future Work.
The Government needs to act on Stage 3 as the RBA warns about wealthy households spending
The RBA made it clear one group continues to do well, and continue to spend – and they are also the ones who are about to get a massive tax cut. The Reserve Bank’s decision to raise interest rates on Tuesday lacked any clear reasoning. When compared with other periods such as during the mining…
When the prices of necessities are rising fast, the RBA does not need to hit households with another rate rise
Cost of living rose by more than inflation because of interest rate rises. Another rate rise would only cause more unnecessary pain. In the past week, the likelihood of the Reserve Bank raising the cash rate to 4.35% has gone from about 20% prior to last week’s inflation figures coming out, to now an even-money…
The Reserve Bank should not raise rates on Melbourne Cup Day
Inflation is being driven by things unaffected by interest rate, so there is no reason for the RBA to raise rates in November The latest CPI figures showed inflation grew 5.4%, down from 6% in the June quarter and almost a third below the peak of 7.8% at the end of last year. And yet…
Australia is an energy super power, we need to use that power for good
Australia is already an energy superpower, but our governments have lacked the courage to use that power to reduce greenhouse gas emissions As the Australian Government continues to pursue policies notionally designed to reduce our greenhouse gas emissions, a great store has been placed in Australia becoming a “renewable energy superpower”. However as Labour Market…
The latest report from the IMF highlights the need for full-employment to be the aim of the government and the Reserve Bank
If the economy grows as slowly as the IMF predicts it will for the next 2 years, Australia will be lucky to avoid a recession. The IMF’s latest World Economic Outlook is mostly framed around trying to thread the needle of reducing inflation and cost of living rises and not crashing the economy while doing…
Insecure work is a feature of our labour market. New laws can change that.
* * * * * The Senate has started reviewing the Australian Government’s Closing Loopholes Bill. If passed, this legislation will allow minimum standards to be set for contract workers, provide stronger penalties against employers who commit wage theft and deter employers from outsourcing to circumvent enterprise bargaining. These measures will strengthen protections for workers who…