Category Archives: Employment

Gender pay gap: why do male CEOs with daughters pay women more?

Should a woman tending to personal care needs of an elderly person be paid more or less than a male garbage disposal worker? The government’s decision to support a pay rise for 150,000 social and community services workers delivers a … Continue reading

Posted in Behavioural Economics, Employment, Inequality | Leave a comment

Should we worry about not “making stuff”?

Do you sometimes worry about Australia becoming a place that doesn’t “make things” any more? Let me lighten your load. Kevin Rudd used to worry about such things. In his first press conference as opposition leader in 2006, Rudd stressed … Continue reading

Posted in Employment | Leave a comment

Euro zone a car crash: best keep your eyes on the road

You know how most of the traffic created by a car crash is not the crash itself, but everyone slowing down to have a rubberneck? Well, the same thing can happen with economies. And fair enough, the unfolding car crash … Continue reading

Posted in Banks, Budget, Currency, Employment, Gillard Government, Global Financial Crisis, Interest Rates, Mining Boom, Reserve Bank | 1 Comment

Monopoly blues: why top bosses’ riches are undeserved

In the hit Broadway musical How to Succeed in Business without Really Trying, a young window washer discovers a book that tells him the secrets to climbing the corporate ladder. If such a book were to exist in Australia, it … Continue reading

Posted in Banks, Employment, Global Financial Crisis | Leave a comment

Super tax concessions not so super

To all the baby boomers out there nursing wounded retirement nest eggs and having to work into your dotage, my sympathies. But spare a thought for future generations. Looks like we’ll be working even longer, not to mention paying higher … Continue reading

Posted in Budget, Employment, Irvine Index, Tax | 3 Comments

Don’t Panic! You’re all going to panic now, aren’t you?

IS THERE any more surefire way to induce widespread panic than the phrase “don’t panic”? Well, here goes anyway: DON’T PANIC. May as well leave panicking to the fickle souls trading daily in financial markets, if only because they are … Continue reading

Posted in Employment, Global Financial Crisis, Interest Rates, Mining Boom, Reserve Bank | 1 Comment

Whither house prices?

Want to hear some good news? Amid the sharemarket turmoil, street riots and other portents of impending apocalypse, relative calm has descended on the Australian housing market. Home affordability has improved.

Posted in Banks, Employment, Housing, Interest Rates, Reserve Bank | Leave a comment

Don’t be fooled by the whinging, we’re ok

We don’t like carbon taxes and we don’t like boats. Mention population growth and we’re at each other’s throats. We don’t like interest rate rises and we disdain debt. We can’t stomach liars and we never forget. Australians, it seems, … Continue reading

Posted in Behavioural Economics, Employment, Housing, Inflation, Interest Rates, Reserve Bank | 3 Comments

The economics of chucking a sickie

Bob Hawke said it best in September 1983 after watching Alan Bond’s 12-metre yacht, the Australia II, sail to victory in the America’s Cup: “I tell you what, any boss who sacks anyone for not turning up today is a … Continue reading

Posted in Employment, Fitness, Fun, Irvine Index | Leave a comment

How much does mining really contribute?

To believe some of what we hear lately, the Australian economy has hitched its entire fortunes to the profit margins of the big mining companies. Having once hitched a ride on the sheep’s back, Australians are now driving a monster … Continue reading

Posted in Employment, Gillard Government, Mining Boom, Tax | Leave a comment