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Older, bigger, slower growing, more diverse. Living standards at risk of going backwards. These were the key takeaways from the latest Federal Intergenerational Report (IGR), writes Dr Liz Allen. The intergenerational bargain or contract, which implicitly suggests that the country handed to each subsequent generation is the same, if not better, than the socioeconomic conditions enjoyed previously, has been eroded. Increasing or maintaining living standards can no longer be guaranteed. Australia’s dumb luck has run out.
Why is Australia’s productivity at a 60-year low? And more importantly, how do we fix it? CEDA recently hosted a Trustee Event in Melbourne in partnership with executive people solutions firm Future Leadership. A key question for guests was ‘What factors help Australian businesses to be more dynamic, and what holds them back?’
Read more Opinion article November 11, 2022For most of my time as economist, we have avoided or danced around discussion of industry policy in Australia, adopting a common narrative about not wanting or being able to ‘pick winners’ and reflecting on failed industry policies from days gone by.
Read more Opinion article March 31, 2019With the federal Government expected to deliver a Budget surplus in the coming days, Jeremy Thorpe asks if it is enough to convince the public that the economy is in good shape.
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