Articles from We are all dead.
After reaching an all-time high of 65.8% in November 2010, the proportion of people aged 15+ who are either in work or actively looking for work has declined sharply, hitting 64.8% in October this year. An important question for policy makers is this: is the participation rate declining because people are being discouraged from looking for work, or is it declining as a natural consequence of the ageing of the population?
My previous post summarised the findings of a recent paper published in Agenda about the extent to which the Australian welfare state is biased towards older households. Peter Whiteford from ANU left an important comment:
There are two alternative proposals to increase the tax on superannuation contributions.
- The first proposal would raise the tax on superannuation contributions paid by the 128 000 highest-income Australians by 15 percentage points.
- The second would increase the tax on super contributions paid by the 3.6 million lowest-paid workers by 15 percentage points.
Which of these proposals would you describe as ‘class war’?
Saturday’s AFR ($) featured a discussion with anti-union campaigner Ken Phillips, which included the following snippet:
Large firms – “bureaucracies” captured by senior staff – employ far fewer people in aggregate than small business, yet dominate economists’ thinking, he argues.
This claim is not supported by the data.