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Economic mobility makes Australia land of the fair go, for most: report
Australia is the land of the fair go, according to the Productivity Commission, with most people able to get ahead based on their talents and available opportunities and able to earn more than their parents. Source: SMH.
Government defends cost of living measures
The Albanese Government is defending its cost of living handouts, including tax cuts for all taxpayers which come into effect today, against fears they will fuel inflation and lead to higher interest rates. Source: news.com.au.
Wage rise key to keeping Australians out of poverty: bishops
The Australian Catholic Bishops Conference has argued for a 4.9 per cent rise in the national minimum wage. Source: ACBC Media Blog.
Economists say more jobs must go to crack cost-of-living crisis
Economists are concerned about mass job losses after the latest official data showed the economy slowing to a crawl as interest rate hikes temper demand. Source: ABC News.
Globalisation has a moral dimension, Pope tells business leaders
Nations and businesses must work together to promote ethically sound models of globalisation, Pope Francis told world business and government leaders. Source: OSV News.
Treasurer says global recession ‘probable’
Treasurer Jim Chalmers says the risk of recession in major economies has now tipped from “possible to probable”, and high inflation will continue to fuel cost of living pressures for many Australians. Source: SBS News.