Wages growth won’t rise above inflation until 2024 the earliest. Here’s what it means for employers
Wages growth is not expected to rise above inflation until 2024 the earliest, meaning that workers can’t expect a real pay increase for four years.
New free trade agreement will see fresh WA produce in Indonesian supermarkets
The introduction of WA-grown fresh produce to more than 10 stores across greater Jakarta was made possible by an free trade agreement signed last year.
“We need resilience”: The hidden economic effects of floods and bushfires
Just because insurance numbers are solid and straightforward, we shouldn’t ignore that natural disasters have broader flow-on economic effects that can’t really be insured against.
Digital economy: The budget spend needs to be far bigger to stop Australia from “sliding down the rankings”
A closer look at the digital economy strategy and funding announcements, compared with what other countries are doing, shows we may not be so well placed after all.
The winners and losers of last night’s federal budget
Here's a look at who got a cash injection last night... and who missed out.
Spend big, go low: Frydenberg’s big budget aims to drive unemployment down
Treasurer Josh Frydenberg has come good on his historic promise to keep spending way beyond the crisis, to drive the unemployment rate down below where it was when the pandemic started.
Superannuation guarantee: $450 monthly threshold scrapped in 2021 budget
Employers will need to make superannuation guarantee payments for more employees from next year, with the federal government moving to remove the $450 monthly minimum income threshold.
Not one, but two elections: government’s cash splash is designed to keep Liberals in power for years to come
If the government can’t win an election with this cash splash, it should give up politics, writes Bernard Keane.
Budget 2021: New franchise disclosure registry to be established as Ombudsman’s office gets more funding
The federal government has used the budget to announce plans for a new mandatory franchise disclosure registry to help prospective franchisees access the information they need.
Soaring house prices or cutting down unemployment? What the RBA is choosing to value in the upcoming budget
The RBA is not going to let up on pushing unemployment down and wage growth back up to where it believes it should be, not even for growing concern about climbing home prices.
COVID-19: Delayed vaccine rollout estimated to cost $16.4 billion, new modelling shows
The current rate of vaccination is likely to set back the opening of Australia’s borders to the world by an extra 81 days, the report says, which will cost approximately $16.4 billion.
Move over toilet paper: There’s now a shortage in microchips, and this will be a lot more costly
They were a boring commodity until recently. So how have we ended up with a shortage of silicon microchips in 2021?