Intergenerational Report: Australian children face a poorer future
The nation will become older, more indebted, and tax working-age people more over coming decades unless something dramatic changes.
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The nation will become older, more indebted, and tax working-age people more over coming decades unless something dramatic changes.
Despite the stock of well-researched and publicly tested policy options available to governments, the potential to “do more harm” is as great as it has ever been.
Australia's top corporate leaders have issued dire warnings the nation must start producing more or face a severe recession and they have targeted one particular working habit as needing to go.
Former productivity commissioner Gary Banks has warned that Australians will miss out on a $10,000 pay rise, unless Treasurer Jim Chalmers implements the commission’s 70 recommendations.
Stronger than expected inflation of 6.8 per cent has increased the chance of a rate rise as soon as next week, as RBA boss Philip Lowe urged a lift in productivity.