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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.
Australia has built a transformative policy miracle in super. Both major parties of government have contributed to the creation of that remarkable policy achievement – and have a duty to safeguard it. Super is now delivering dignity in retirement for millions of everyday Australians, reducing fiscal pressure on the pension and powering Australian businesses. Now we need to secure our world-leading super system so it can continue to deliver for Australians, writes Misha Schubert, CEO of the Super Members Council.
Read more Opinion article October 24, 2023There are growing calls for governments and employers to pull all possible levers to address Australia’s productivity crisis. One contributor to the crisis that has received less attention is the lingering mental health impact of the COVID-19 pandemic, and how to address it. Workers have been feeling overworked and burnt out in the aftermath of the pandemic. Australian workers appear to have suffered more than others, writes CEDA Chief Economist Cassandra Winzar and Senior Economist Melissa Wilson.
Read more Opinion article February 13, 2019Research shows us that addressing inequality must be central to economic policy in Australia, write Dr Lynne Reeder and Paul Barratt AO.
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