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Category Archives: Employment
Figuring out the strange new rules of resource constraint
Just a decade ago, Australian labour was easy to find and infrastructure projects were often no-brainers. Now our economic times seem to have changed – and policymakers may need to adjust to a new set of rules. The world is … Continue reading
How Shorism might win Australia’s federal election
Looking at Australian politics right now, one thing stands out: the federal ALP has become a little Shorist. I don’t know how long it will last, or whether it’s even a conscious strategy. But it’s definitely happening. What does “Shorist” … Continue reading
Posted in Economics and public policy, Education, Employment, Inequality, Politics - national, Social Policy
Tagged Albanese, ALP
11 Comments
David Card won the 2021 Economics Nobel. Why should we fear minimum wage hikes?
One of economics’ most famous papers – the 1994 minimum wage study by David Card and Alan Krueger – has just won David Card (pictured) half of a Nobel Prize in Economics. The overall reasons for Card’s award are well … Continue reading
Posted in Economics and public policy, Employment, Social Policy
9 Comments
Unseen trends and the society we are becoming.
Societies are evolving and complex, which often makes it hard to see at any moment where things are going. It was thus with the move of Northern European countries towards democracy in the 19th century, which seems inevitable and clear … Continue reading
Lockdowns and privilege
Consider three graphs that really on their own tell the story of the groups in the US/UK that did well and that did badly economically out of the lockdowns. On the super-rich: On the workers, particularly the bottom 25% (meaning … Continue reading
Posted in Coronavirus crisis, Employment, Humour
38 Comments
Lockdown cost-benefit analysis for Australia by Martin Lally
Martin Lally is a kiwi economist who late in 2020 decided to calculate for himself what his own country was losing by locking itself away from the world, coming to the conclusion that New Zealand was sacrificing something like 26 … Continue reading