Articles from Peter Martin
There’s one graph that sums up both the good and not-yet-as-good detailed by Treasurer Josh Frydenberg at Wednesday’s national accounts press conference.
It’s a graph of the level of Australia’s gross domestic product – how much is produced and earned each three months in Australia – adjusted for inflation.
Josh Frydenberg has the opportunity to become a transformational Australian treasurer. He has been bequeathed a set of circumstances that comes along rarely.
He has already shown himself able to shift the debate on important topics in order to achieve the previously unthinkable.
Most recently he did it with Google and Facebook, getting them to pay news providers for content using legislation that led the world in its breadth and force.
Outside of Victoria the number of hours worked has almost returned to where it was – nowhere near where it would have been, but almost where it was.
The five consecutive hikes in compulsory super contributions due to start next July should be deferred or abandoned in the view of the overwhelming majority of the leading Australian economists surveyed by the Economic Society of Australia and The Conversation.