Modern Monetary Theory and the job guarantee: A new way of thinking for the social sector

As part of her popular Green New Deal platform, the US member of Congress Alexandria Orcasio-Cortez has been utilising Modern Monetary Theory (MMT) to explain how governments can fund environmental policy reforms. But could MMT also be used by the social sector as a message frame to promote social policy reform? In today’s blog post Dr Andrew Joyce from the Centre for Social Impact and Celia Green from UNSW discuss the how the social sector could leverage insights from MMT to promote paradigm shifting social policy reforms.

Three charts on: why congestion charging is fairer than you might think

Congestion charging is a feature in many cities around the world, but Australia has been reluctant to introduce such a policy, instead focusing on developing infrastructure. However new analysis from the Grattan Institute suggests that a congestion charge would be a better and fairer way of tackling congestion than spending more on infrastructure. Marion Terril and James Ha from the Grattan Institute discuss the implications below.

This article originally appeared in The Conversation under a Creative Commons licence. Read the original article

Finance and economics, Policy and governancePower to Persuade15 October 2019policy problem, infrastructure, tax, finance

Lesson for Australia. Make it hard for people to get benefits, and they’ll stop, but they mightn’t get jobs

Australia’s system of social welfare is based on mutual obligation. But what happens when those obligations become so onerous that people simply stop seeking to claim government benefits? Professor David C. Ribar from The University of Melbourne dicusses this issue for those on Newsart.

This post originally appeared in The Conversation

How a free tax clinic is rescuing the overwhelmed

In this BusinessThink re-post, Dr Ann Kayis-Kumar from the University of New South Wales Business School introduces us to the Nationwide Tax Clinic Program. These federally funded clinics are designed to meet the needs of Australia’s vulnerable taxpayers. Dr Kayis-Kumar explains why and how these clinics came about and concludes with the overarching purpose of the Tax Clinic program, to foster a more socially just tax system.

Finance and economics, IssuesPower to Persuade8 October 2019tax reform, financial vulnerability

Eligible for what? ParentsNext exemptions and the troubling tale of outsourced social security decision-making

Continuing her series of original posts on Australia's employment services system, Dr Simone Casey (@SimoneCasey) explores the implications of outsourced decision-making in social security through the lens of the ParentsNext program. Dr Casey is an affiliate of the RMIT Future Social Services Institute (@FutureSocialAU).

Policy and governance, Finance and economics, IssuesPower to Persuade31 August 2019Social Welfare, policy problem

Explainer: Newstart - Australia's unemployment benefit scheme

Newstart is in the spotlight with a number of politicians calling for an increase to the support payment. UNSW Canberra Research Fellow Dr Sue Olney explains how Newstart works, how it compares to benefits in other countries and why she believes it needs to be increased.

Inequality is growing, but it is also changing as Australia’s super rich evolve

Is wealth inequality threatening Australia’s egalitarian dream?

RMIT University’s Salvatore Ferraro provides a preview of his and Monica Jurin’s presentation at this year’s Australian Conference of Economists in this article originally published in The Conversation.

Conferences, Finance and economics, IssuesPower to Persuade16 July 2019Wealth inequality

Reducing financial risks by looking at financial capabilities as a structural issue

Problems with making financial decisions are often presented as individual issues, but Dr Jeremiah Brown (@JeremiahTBrown) of the Brotherhood of St Laurence argues they are often better understood as instance of structural failure. He illustrates with an example of an aged pensioner trying to change energy providers.

Finance and economicsPower to Persuade28 June 2019finance, Disadvantage, social inequalities

Shrinking middle class threatening social stability, warns OECD

The concept of the ‘middle class squeeze’ has been around for more than a decade, with the term dating back to November 2006, when US Speaker of the House of Representatives Nancy Pelosi used it to provide context to the domestic agenda of the U.S. Democratic Party. This issue has yet to subside, with a recent report from the OECD noting that middle incomes have grown less than the average in many OECD countries, and in some they have not grown at all. The Mandarin’s David Donaldson explains how this trend affects Australia’s middle class, and outlines OECD’s recommendations for how governments can act to support this shrinking group.

Finance and economics, Policy and governancePower to Persuade30 April 2019Equity, tax reform

Planetary health and the philanthrocapitalist paradox

Issues, Finance and economicsPower to Persuade15 April 2019environment, Population health, philanthropy

Financing climate action in the Pacific: Why we need to move past solutions based exclusively on views from the top

Effective climate change action needs a lot of money. However, in the Pacific it is not just about delivering dollars. Kirsty Anantharajah gives us three key problems with global climate financing approaches, and offers three possible pathways out.

Banking Royal Commission and the silencing of Indigenous Australian voices

The release of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry earlier this month has not had the intended effect of allaying mistrust in the financial services sector in Australia. Despite the enormity of the report, nearly 1,000 pages with 24 entities and companies referred to civil and criminal proceedings, there is a consensus that the major financial corporations involved in the misconduct remain unscathed. In today’s post, Dr. Jonathon Louth examines the silences in this report, especially as it impacts the lives of Indigenous peoples living in rural and remote Australia. Based on his recent research with Indigenous Australians in the Northern Territory, he recommends expanding community and cultural literacies in the financial sector as one of the counter measures to tackle systematic dispossession and marginalisation of vulnerable populations. This piece was originally published in The Conversation on 6 February 2019

The Renter's Journey: a new report from the Consumer Policy Research Centre

A new research report from the Consumer Policy Research Centre (CPRC) - The Renter's Journey - follows the common and differing rental experiences of the rental market of four key segments (young singles, women over 55, low income families, and migrant families) and makes recommendations to policymakers for change. The report will be launched in Melbourne on 25 February 2019.

Issues, Finance and economicsPower to Persuade4 February 2019Lived/consumer experience

Two birds with one stone. How better taxing super could fund aged care

In this post, Ben Spies-Butcher explores the potential role of a levy on superannuation to fund aged care. How might this solution address key issues in aged care funding, such as generational equity and gender equity? The original post is from The Conversation.

Finance and economics, Innovation, Policy and governancePower to Persuade13 November 2018aged policy, superannuation

Spirals and circles, snakes and ladders. Why women's super is complex

Unpaid work, part-time and interrupted work, and the gender pay gap are only some of the reasons women are poor in retirement. A lot of the time the reasons are far more complex.

Don’t believe what they say about inequality. Some of us are worse off

Professor Peter Whiteford examines the Productivity Commission research paper Rising inequality? A stocktake of the evidence released last week and cautions us not to believe the media spin that all Australians are better off. To tackle inequality, he argues, we need both policies that generate economic growth and policies that ensure it’s well spread. This piece was originally published in The Conversation on 31 August 2018.

Finance and economics, IssuesPower to Persuade4 September 2018social inequalities

The Cashless Debit Card: Flawed Beyond Technological Redemption

In this article, Dr. Shelley Bielefeld, Professor Eva Cox, and the Accountable Income Management Network Secretariat critique the Mindaroo Foundation’s report on the Cashless Debit Card (CDC). They cite the ‘cherry picking’ of results to support claims of success, a lack of attention to human rights, and security issues, among other points. Ultimately, they argue that the benefits of the CDC for communities are “negligible to negative” and that the proposed expansion of the trial would further marginalise those purported to benefit from the CDC.

Finance and economics, IssuesPower to Persuade16 August 2018social welfare, social inequalities

ASIC’s MoneySmart is encouraging women to have regular money conversations

Women face specific challenges when it comes to managing money. They tend to spend more time out of the paid workforce to care for others and this impacts on their ability to generate wealth. The Australian Securities and Investment Commission (ASIC) is aiming to address this issue by normalising conversations about money. Check out these interviews where ASIC’s Laura Higgins chats with five influential and inspirational Australian women about their experiences with money.

Finance and economics, IssuesPower to Persuade13 August 2018gender, social inequalities

Modern Slavery Bill a step in the right direction – now businesses must comply

This week has seen a significant milestone in the fight against modern slavery as the Modern Slavery Bill was introduced into the Australian parliament. When passed, the law will require companies with an annual turnover of more than $100 million to report annually on the risks of modern slavery in their operations and supply chains, and on the actions to address these. Fiona McGaughey (University of Western Australia) and Justine Nolan (UNSW) explain more.

Why we don't need to prepare young people for the 'future of work'

While there is little consensus about the “future of work”, one thing is certain – young people are at the coalface. Young workers experience insufficient opportunities for work experience, a mismatch between work and education, a lack of career management skills and scant entry-level jobs, according to a report from the Foundation for Young Australians. In this post, Shirley Jackson from the University of Melbourne, says we need to stop fixating on increasing the supply of talented young people, and start addressing the lack of demand.

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