While Australia generates a lot of renewable energy, a significant amount of that energy is wasted. In the middle of the day, when solar panels are at their most productive, the Australian Energy Market Operator (AEMO) often instructs solar farms to disconnect from the grid.

New research confirms that corporate profits in Australia, despite recent moderation, remain well above historic norms, and must fall further in order to allow a rebuilding of real wages in Australia that have been badly damaged by recent inflation.

Labour costs have played an insignificant role in the recent increase in inflation, accounting for just 15 percent of economy wide price increases while profits have played an overwhelming role, accounting for about 60 percent of recent inflation.