Articles from Grattan Blog
Today saw Opposition Leader Bill Shorten claim that past increases in compulsory super contributions wouldn’t come out of wages.
The empirical evidence shows that over time, when there’s an increase in compulsory superannuation, it hasn’t affected wages growth.
Opposition Leader Bill Shorten, press conference, April 17, 2019
The conventional wisdom is that Australia has an especially high rate of poverty among the elderly. Advocates of increasing the Age Pension point to OECD research which shows that in 2014, 26 per cent of Australians aged 65 and over suffered income poverty, compared to 13 per cent across all OECD countries.
To know how Australia is performing, we want to compare ourselves to other countries. But which ones? There are 193 countries in the world, and they vary along numerous dimensions. Even within the club of rich and rich-ish countries – the OECD – there are 36 members, ranging from Mexico to Switzerland.
Every year the Budget brings with it talk of tax cuts and giveaways for middle Australia. Based on pre-Budget speculation, this year’s Budget will be no exception.
But who actually makes up middle Australia? And who will benefit from the tax cuts and other goodies announced on Budget night?