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The least-skilled workers are the losers in globalisation

POLITICS
The least-skilled workers are the losers in globalisation Jeff Borland, University of MelbourneMost experts say globalisation spreads wealth, bringing people out of poverty and nations closer together. But right now some politicians and their supporters are arguing it simply increases inequality. What’s really going on? Our Globalisation backlash series offers...
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Target the have-nots: Liberals up to the same old tricks

POLITICS
A retired bank CEO with $10 million in his super pays zero tax each year. Nada. Zip. He wouldn't even pay the Medicare levy. But I suspect that when Treasurer Scott Morrison talks about the "taxed and the taxed nots' he wasn't thinking about rich retired leaners. He probably...
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A super test for Australia’s political system

POLITICS
John Daley, Grattan Institute and Brendan Coates, Grattan InstituteIn the past week, both major parties have made welcome, albeit tentative, commitments to tackle much-needed budget repair. The Turnbull government has moved quickly to lock in budget savings that Labor supported in the federal election campaign. Now Labor has signalled...
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The price of victory: comparing the cost of Olympic gold to an elite arts prize

OPINION
Jason Potts, RMIT University; Patrik Wikström, Queensland University of Technology, and Stuart Cunningham, Queensland University of Technology The Olympics are over now for another four years, and beyond the glorious highs and heartbreaking lows of participants and spectators, there’s the ritual of the cost-benefit wash-up where we calculate the public...
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Are Sunday penalty rates a job killer? A real-world experiment refutes employers’ claim

POLITICS
Serena Yu, University of Technology Sydney and David Peetz, Griffith University Two big claims underpin attempts to cut penalty rates for Sunday workers in the retail and hospitality sectors: that they are no longer needed or relevant, and that they cost jobs. These claims are at the centre of a review...
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The electorate has spoken, but Turnbull’s speech shows he hasn’t listened

POLITICS
Saul Eslake, University of Tasmania Prime Minister Malcolm Turnbull’s first major economic address since the July 2 federal election was, in most respects, the kind of speech one might have expected from a leader who had won with a comfortable margin. He sounded like a prime minister whose campaign agenda had...
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Four myths busted: Why we need a banking royal commission

POLITICS
Tens of thousands of Australians have had their lives ruined by the major banks. If there's no need for a Royal Commission because ASIC has greater powers, then why is the Turnbull Government wasting time and money on a parliamentary inquiry that has less power than both? Ian Verrender...
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ANZ set to scrap personal banking fees: ‘We make more than enough as it is’

POLITICS
ANZ bank will be scrapping all fees associated with personal banking accounts as of January 1 2017, CEO Shayne Elliot told staff and shareholders today. In an email sent earlier this morning and obtained by Forward News writers, Elliot admitted that the majority of costs associated with personal banking (such...
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The curious incentives and consequences of negative gearing

POLITICS
Charis Palmer, The Conversation; Georgina Hall, The Conversation; Helen Westerman, The Conversation; Jenni Henderson, The Conversation, and Wes Mountain, The Conversation Negative gearing was one of the federal election campaign’s fiercest battlegrounds. While the Labor opposition claimed that the major beneficiaries of the tax policy were almost all in the very...
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Horton wins by naming the elephant in the room at Rio Olympics

POLITICS
Craig Fry, Victoria University He may not realise it yet, but Australian swimmer Mack Horton’s biggest achievement at the Rio Olympics this week wasn’t winning the 400m freestyle gold medal. It was the stance he took against doping, in reference to Chinese rival Sun Yang, by saying he had no...
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