Economy

Additional Funding Needed for Australian Public Schools

A new report by The Australia Institute’s Centre for Future Work calls for increased funding for Australian public schools. The report finds additional funding of $6.6 billion dollars annually is required for public schools to meet the Schooling Resource Standards federal and state governments committed to a decade ago. Focusing on three broad channels of …

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Australian’s losing almost $1billion to wage theft

A new study shows that Australian workers are being underpaid around $850 million each year, causing the country to lose economic activity. The research, based on Fair Work Ombudsman audits spanning a considerable timeframe, revealed notable breaches of regulations in a significant portion of audited businesses. These findings point to challenges faced by a considerable …

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Labor gearing up to next election in Brisbane as protesters demand better conditions

Today, the 49th National Labor Conference kicked off in Brisbane, marking the first in-person convention hosted in five years… Day one of Australia’s largest political meeting opened with economy, climate, energy and social services at the forefront. The Wire’s Eduardo Jordan and National Radio News Political Correspondent Amanda Copp were on the ground.   Image: …

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Aussie Dollar Dives

Many blame the deep trouble China’s real estate sector is mired in, but despite good employment figures the AUD has shed almost 4 cents on its sudden way down. This has happened very quickly, and speculation as to the extent of the fall is difficult to get any economist to commit to.  If this adjustment …

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Better budgeting needed from Young Australians for retirement

While many young Australians are struggling financially with the current economic downturn and cost of living crisis, financial experts say younger populations also have expensive lifestyle and spending habits that impact their long-term financial outlook.  A leading financial advisor says young Australians aged between 27-42 years old may not have enough superannuation savings for retirement …

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