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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.
There 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 May 10, 2023Governments at all levels are still failing to properly address Australia’s housing affordability crisis and households around the country are suffering from this lack of action, writes CEDA Senior Economist Cassandra Winzar.
Read more Opinion article April 26, 2022Government policies must prioritise the removal of barriers women face to labour force participation and actively work to close the gaps in gendered labour force participation, superannuation and wealth accumulation, writes Associate Professor Emily Callander.
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