Keywords: Wage Inequality
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ECONOMICS
- Frank Brennan
- 18 October 2017
10 Comments
The promise of riches from the trickle-down effect is at best patchy for many Australians, and non-existent for others. Continuing with the same economic and social policy settings will exacerbate the already growing divide between the rich and the poor and eventually damage the economy to such an extent that it has a detrimental effect on everyone.
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RELIGION
- Frank Brennan
- 11 September 2017
2 Comments
The real call of Everyone's Business is to move beyond them and us to admitting that there is only us. If we are truly to build an inclusive and sustainable economy, it can't be just those in full time paid employment who are part of that economy. We take seriously the principles of neo-liberalism, letting the market decide. But we set limits on the market for the common good.
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RELIGION
- Andrew Hamilton
- 06 September 2017
11 Comments
The general argument of the Australian Catholic Social Justice Statement on the economy is that Australia is a wealthy economy in which too many people are marginalised. In response to the litany of neglect and abuse that it details, the statement calls for a new view of the economy as the servant of people, and not vice versa.
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AUSTRALIA
It would be nice to believe, as the Treasurer wants us to, that better times are around the corner. But while wages stagnate and company profits surge, inequality is at its highest since the 1950s. This is not going to get any better any time soon. By 2019, the highest income earners will have received an effective tax cut of 1.5 per cent compared to all other taxpayers who will be paying an extra 0.5 per cent. For young people especially, Budget 2017 boosts inequality instead of building a better future.
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AUSTRALIA
- Frank Brennan
- 10 April 2017
16 Comments
In an age of 'budget repair', social policy risks becoming just a sidebar to economic policy which is a contest of ideas about how best to grow the size of the pie thereby providing a slice for 'the deserving poor' without having to redistribute too much of the pie, while 'the undeserving poor' drop off the edge as they would have anyway. For those of us schooled in Catholic social teaching, the so-called 'undeserving poor' are the litmus test of our commitment to the human dignity of all persons.
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ECONOMICS
- David James
- 07 March 2017
17 Comments
Witnessing the debate over Sunday penalty rates, an intriguing pattern of thinking emerged. It can be characterised as a microcosm/macrocosm duality. Those arguing for lower Sunday wage rates demonstrate their case by talking about individual businesses, the micro approach: 'Many businesses would love to open on a Sunday and if wage rates were lower, they would. Unleash those businesses and greater employment will follow.' Superficially impressive, this does not survive much scrutiny.
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AUSTRALIA
- Michael Walker
- 20 February 2017
20 Comments
The presidency of Donald Trump should bring a renewed focus on the dangers of unbridled capitalism. The Catholic Church has a rich trove of teachings on the subject that have been missing in action for the past 30 years. Now is the time for a well-articulated Christian message addressing such issues as widening wealth inequality fuelled by stagnant wage growth, the privatisation of public services, the financialisation of the economy (which fuels both of those trends), and tax justice.
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ECONOMICS
- David James
- 07 February 2017
10 Comments
Many defenders of globalisation express frustration at the rise of Trump and what they see as an ignorant and self-defeating backlash against its virtues. But they have no answer to the most pressing question: Is the global system there to serve people, or are people there to serve the global system? They also never address a central contradiction of globalisation: that capital is free to move, but for the most part people are not, unless they belong to the elite ranks.
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ECONOMICS
- Veronica Sheen
- 13 December 2016
5 Comments
Over the last two decades we have seen a process of job polarisation. There has been growth in high end jobs, but mostly in low end jobs, the outcome of which has been the hollowing out of middle level jobs. This hollowing out of the middle also relates to greater wealth polarisation, as French economist Thomas Piketty has brought to light. The labour market is under a lot of pressure from many angles, so what does this mean for the project of women's equal opportunity in employment?
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AUSTRALIA
- Kate Galloway
- 25 November 2016
2 Comments
Civil society requires care work. All of us, at various stages of our lives, will be dependent on others for our daily needs. Most of us will likewise care for others at some point. The challenge is how to allocate caring responsibilities throughout society, while allowing also for the paid work that secures economic independence. At the moment the tacit expectation that women will do unpaid care work - and that men (theoretically) are unburdened by care work - contributes to economic inequality.
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ECONOMICS
- David James
- 21 November 2016
9 Comments
The idea that machines will replace humans, transforming the work force, is far from new. As technology develops at an accelerating pace, there is growing concern that new social divisions are emerging. While there are signs of deepening social divisions between the rich and the rest of the working population, previous predictions of a collapse in employment have proven to be wrong. This is largely because a confusion arises from conflating production and transactions. They are not the same thing.
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AUSTRALIA
- Fatima Measham
- 16 October 2016
12 Comments
Much has been made about how Republicans benefited from the 'birther' campaign and the Tea Party. It suited them to have proxies undermine the executive branch. In other words, the political right only has itself to blame for the nihilism which now engulfs it - and potentially, the nation. But the failures of the left also bear examination. While Clinton's current lead cannot be attributed entirely to her virtues, the polling gap between her and Trump should have been much wider, earlier.
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