Keywords: Wage Inequality
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AUSTRALIA
For decades, unchecked corporate power and policy failures have driven up Australia's cost of living, leaving many Australians struggling. As corporate interests dominate, CEO pay increases dramatically while wages stagnate, and inflation rises. This influence of corporate Australia has eroded economic safeguards, dismantling the guardrails that once protected the common good.
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AUSTRALIA
In a signature essay published last year in The Monthly, Treasurer Chalmers staked out an ideological terrain he described as ‘values-based capitalism.’ The Budget 2024 is quite the big reveal on what those values include and who they exclude. In it, the people who have borne the brunt of inequality and precarity are neither seen nor heard.
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AUSTRALIA
- Claire Victory
- 19 May 2022
1 Comment
There is an Australia that many people seldom encounter and its citizens number in the millions. These citizens live in all cities and regional towns, often in sub-standard yet costly housing, and struggle to survive week to week on low wages or inadequate government assistance.
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AUSTRALIA
As I drop my daughter at daycare at 6:30am, to be looked after by someone else who I then have to pay, to go to work to earn enough money to pay our rent and daycare, I am struck by how much our system is failing families. It was a failure of my own empathy that I only came to understand this after I experienced it personally.
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AUSTRALIA
It would be nice to believe, as the Treasurer wants us to, that better times are around the corner. But while wages stagnate and company profits surge, inequality is at its highest since the 1950s. This is not going to get any better any time soon. By 2019, the highest income earners will have received an effective tax cut of 1.5 per cent compared to all other taxpayers who will be paying an extra 0.5 per cent. For young people especially, Budget 2017 boosts inequality instead of building a better future.
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AUSTRALIA
- Michael Walker
- 20 February 2017
20 Comments
The presidency of Donald Trump should bring a renewed focus on the dangers of unbridled capitalism. The Catholic Church has a rich trove of teachings on the subject that have been missing in action for the past 30 years. Now is the time for a well-articulated Christian message addressing such issues as widening wealth inequality fuelled by stagnant wage growth, the privatisation of public services, the financialisation of the economy (which fuels both of those trends), and tax justice.
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AUSTRALIA
- Kate Galloway
- 25 November 2016
2 Comments
Civil society requires care work. All of us, at various stages of our lives, will be dependent on others for our daily needs. Most of us will likewise care for others at some point. The challenge is how to allocate caring responsibilities throughout society, while allowing also for the paid work that secures economic independence. At the moment the tacit expectation that women will do unpaid care work - and that men (theoretically) are unburdened by care work - contributes to economic inequality.
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ECONOMICS
- David James
- 21 November 2016
9 Comments
The idea that machines will replace humans, transforming the work force, is far from new. As technology develops at an accelerating pace, there is growing concern that new social divisions are emerging. While there are signs of deepening social divisions between the rich and the rest of the working population, previous predictions of a collapse in employment have proven to be wrong. This is largely because a confusion arises from conflating production and transactions. They are not the same thing.
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AUSTRALIA
- Brian Lawrence
- 28 May 2013
6 Comments
The rivers of gold into Treasury have dried up and programs that have provided some relief to struggling families are being wound back. Whether or not large cohorts of workers and their families continue to live in poverty depends on the decisions of the Fair Work Commission in the current Annual Wage Review.
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