All posts by John Hawkins
You don’t have to be an economist to know Australia is in a cost of living crisis. What are the signs and what needs to change?
This article is republished from The Conversation under a Creative Commons license. Read the original article here. This article is part of The Conversation’s series examining Australia’s cost of living crisis. Every day the higher price of seemingly everything is mentioned in the news or in conversations with friends and acquaintances. The impact is clear…
Underlying inflation has slipped below 6%, but is the slide enough to stop the RBA pushing up rates further?
This article is republished from The Conversation under a Creative Commons license. Read the original article here. Australia’s inflation rate has fallen for the second consecutive quarter. After reaching a 30-year high of 7.8% at the end of 2022, annual inflation as measured by the Bureau of Statistics’ quarterly Consumer Price Index slid to 7%…
Cheap shots aside, Chalmers has work to do to improve his new ‘wellbeing’ framework
This article is republished from The Conversation under a Creative Commons license. Read the original article here. The Albanese government’s new “Measuring What Matters” framework for a wellbeing economy has been criticised for relying on out-of-date data in several crucial measures. But that’s an easy and somewhat cheap criticism to make. Notably, the Treasury document…
We know how to boost productivity and lift wages – but it will take time and much tougher tax reform
This article is republished from The Conversation under a Creative Commons license. Read the original article here. The slide in Australia’s labour productivity – real gross domestic product per hour worked – has become a real concern. In the past year, labour productivity has fallen 4.6%. Unless it resumes growing, either wage growth will need…
the 6 graphs that show Australia’s economic growth shrinking
This article is republished from The Conversation under a Creative Commons license. Read the original article here. The latest national accounts tell us Australia’s economy grew by just 0.2% in the three months to March. It’s the weakest growth since the economy shrank during the COVID lockdowns, and, before that, the weakest economic growth since…
The spectacular collapse of a $30 billion crypto exchange should come as no surprise
This article is republished from The Conversation under a Creative Commons license. Read the original article here. Not long ago, FTX was one of the world’s largest trading platforms for cryptocurrencies. Founded in 2019, the Bahamas-based crypto exchange had a meteoric rise to prominence, and was valued at more than US$30 billion earlier this year….
how the 2022-23 budget does things differently
This article is republished from The Conversation under a Creative Commons license. Read the original article here. Treasurer Jim Chalmers told reporters on Tuesday his first budget was “the beginning of something new and responsible”. The October 2022-23 budget under Labor is certainly a different beast from the one handed down by the Coalition just…
Mind the gap: gender differences in time use narrowing, but slowly
This article is republished from The Conversation under a Creative Commons license. Read the original article here. The Australian Bureau of Statistics has released its first time-use survey in 15 years. The last time it collected such data, in 2006, Apple was yet to release the iPhone and Facebook was a start-up. So much has…
Mind the gap: gender differences in time use narrowing, but slowly
This article is republished from The Conversation under a Creative Commons license. Read the original article here. The Australian Bureau of Statistics has released its first time-use survey in 15 years. The last time it collected such data, in 2006, Apple was yet to release the iPhone and Facebook was a start-up. So much has…
The Albanese government has announced the next speaker of the house. What’s the role and why is it important?
This article is republished from The Conversation under a Creative Commons license. Read the original article here. The Albanese government has chosen its candidate to be the new speaker. Milton Dick has been the member for Oxley in Queensland since 2016. The former Brisbane City Councillor is almost certain to be formally endorsed by the…