Productivity Commission boss Danielle Wood noted it has always been hard to boost productivity in labour-intensive industries such as the aged and disability care sectors. With the care sector certain to form a larger part of the economy, Wood says that productivity in other industries will have to improve to combat the negative impact on
For years, Victorians have suffered from Stockholm Syndrome when it comes to the state Labor government. Victoria’s nine-month lockdown during the pandemic was one of the longest and most severe in the world. The state government, whose incompetence with hotel quarantine and draconian enforcement ought to have scared voters away. There are cost blowouts everywhere
Albo’s incredible new power shock surges on: Driven by his hapless $12Gj gas price floor: The East Coast gas export cartel tightened its grip on Australia’s throat yesterday as hydrogen face-planted with Twiggy Forrest: The architect of the first national clean hydrogen strategy, former chief scientist Alan Finkel, says his support for the fuel has
Earlier this year, we were greeted with images of tent encampments mushrooming within Brisbane. A report by 9News highlighted the situation, with “makeshift campsites and tent cities expanding across south-east Queensland”. This included a “tent city in Rothwell, in the heart of Premier Steven Miles’ electorate of Murrumba”. According to PropTrack, Brisbane dwelling values have rocketed
He is as accomplished a liar as any in parliament: On Thursday, the Treasurer on social media platform X said new figures from the Australian Bureau of Statistics showed the Albanese government “has created more jobs in a parliamentary term than any government in history”. “We’ve created almost 930,000 jobs since we came to office – faster
In December 2023, The SMH reported that year 12 applications to the University Admissions Centre (UAC) hit their lowest in over a decade: The general manager of marketing and engagement at UAC, Kim Paino, noted that the high cost of living, a robust job market, and rising costs of higher education were likely to blame
The Market Ear wraps up the correction. What is happening…? Here are a couple of short/medium term catalysts to explain the weakness (outside the most important one – the MoMo carnage – dealt with in previous email). 1. Rotation rampage……Several days of Big Tech underperformance, as investors expanded their exposures, adding more pro-cyclical exposure and
As they should say and don’t, history doesn’t repeat, but it sure does repeat. Why is China trying to combat a real estate crash with higher interest rates? China’s central bank is readying a bold new experiment in global monetary policy — taking a leaf out of the hedge fund playbook and arranging to short
Shanghai rebar is howling that the FE complex is in deep trouble as it takes out seven-year critical support on the monthly chart: The trigger yesterday was a meek Third Plenum statement: At the session, an analysis of the present situation and the tasks we face was conducted. It was highlighted that we must remain
AMP chief economist Shane Oliver posted a series of charts on Twitter (X) suggesting that Australia’s labour market is not as rock-solid as Thursday’s official June labour force survey from the ABS suggested. Oliver noted that the June quarter NAB business survey showed a further fall in hiring plans: This followed the monthly NAB business