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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.
In the annual IMD World Competitiveness Yearbook released last week, our overall worst result was in entrepreneurship, where Australia is ranked 61 out of 63 countries. Australia also dropped from number 20 to 41 in terms of workplace productivity. When it comes to Australian business efficacy we rate poorly in terms of remuneration and compensation, international experience, employee training, skilled labour and working hours. It is little wonder, therefore, that our businesses are struggling to access the skills they need, writes CEDA CEO Melinda Cilento.
Read more Opinion article September 30, 2020Following the announcement of the Federal Government's Modern Manufacturing Strategy, Business Council of Co-Operatives and Mutuals (BCCM) CEO, Melina Morrison, writes that the co-op model can help deliver the innovation and growth that Australia needs by allowing SMEs to more safely scale and invest in research and development.
Read more Opinion article February 14, 2017As populism and extremism become the new norm, Dr Anika Gauja discusses lessons our leaders can learn from this global shift, and how to utilise this knowledge to forward political and economic agendas.
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