With excess corporate profits accounting for 69% of additional inflation beyond the RBA’s target, current anti-inflation policy blames the victims of inflation, while ignoring its perpetrators.
Jim Stanford
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The lopsided distributional impacts of Australia’s profit-price inflation
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Wrong way, go back: Covid response is now one of our worst policy failures
If relaxing health restrictions, even as Omicron was spreading, was designed to boost the economy, this is an own-goal for the history books.
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Public Sector Wage Caps Push Wages in Agreements to 30-Year Low
Public sector wage restraint has contributed substantially to the record-low wage growth that was already being experienced throughout Australia, long before coronavirus ever arrived here. Governments at all levels should abandon this misplaced strategy, and allow free collective bargaining once again with public servants – especially after their heroic efforts to help Australians through the pandemic. (more…)
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Manufacturing Could Lead Australia’s Post-COVID Recovery
There is a myth that we are heading toward a ‘post-industrial’ economy, in which manufacturing doesn’t matter anymore. In reality, we use more manufactured goods every year – and they are vital to all other jobs, too (including in resources and services). (more…)