FINANCE AND ECONOMICS
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.
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.
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.
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.
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.
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.
In this post, first published in the Conversation, Professor Peter Whiteford explains the effects of government benefits and taxes on household income, including the impact on income inequality.
What does the 2018-19 Budget mean for society? Is this budget creating the Australia we want? This piece summarises the Centre For Social Impact's response to last week's budget release. The Centre for Social Impact is a collaboration between the University of New South Wales Sydney, the University of Western Australia and Swinburne University of Technology, with the purpose to catalyse social change. According to the Centre's Chief Executive Officer, Professor Kristy Muir, the budget does not do enough to support the most disadvantaged or to address key social issues.
The Victorian Government's new policy aims to distribute more government money to social enterprises and marginalised groups, explains Stephen Easton. Repost from The Mandarin
The Cashless Debit Card Symposium was held at both the University of Melbourne and the Alfred Deakin Institute on Thursday, the 1st of February 2018. The Power to Persuade is running a series of blogs drawn from the presentations made on the day. In this piece, David Tennant of FamilyCare Shepparton and Policy Whisperer Susan Maury (@SusanMaury) of Good Shepherd Australia New Zealand assess the Cashless Debit Card (CDC) as a tool for promoting financial inclusion, and find it comes up well short.