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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.
Treasurer Jim Chalmers’ recent essay on “values-based” capitalism has elicited strong responses from all sides of the economic debate. While it is encouraging to see Australians engaged in a conversation about the future economic direction of the nation, the intensity of the response has been surprising, writes CEDA CEO Melinda Cilento.
Read more Opinion article October 24, 2022Today, we take from the environment, make new, then dispose. The linear economy has evolved to manage familiar commercial risks and opportunities, with little recognition that we rely on increasingly scarce natural resources and absorption capacity. Arup's Climate and Sustainability Leader for Australasia Joan Ko writes that the most sustainable product is the one that already exists.
The migration debate whether in the media, in parliament or around the barbecue all too often moves to the negatives, perceived or real, of a larger population. It should come as no surprise therefore to see headlines saying that closing the borders has made 26 million Australians richer. Headlines like this obscure the nuances behind the impact of migration on Australia’s economy.
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