Tag: Unemployment
The Reserve Bank could still go negative
Few people expected the Reserve Bank to adjust its cash rate at its first meeting of the year today, and for good reason. It has been saying loudly that it is “not expecting to increase the cash rate for at…
Art Workers Are Up to Six Times More Likely to Be Out of a Job. 10 Big-City Mayors Are Imploring Biden to Bail Them Out
Mayors from 10 US cities, including Los Angeles, San Francisco, and Chicago, have co-written a letter to the Biden-Harris administration to urge an integrated federal approach to helping reboot the arts. The mayors have come up with a plan that…
Vital Signs: Any talk about raising interest rates is a huge mistake
It seems it doesn’t take much of an economic recovery before people start pressuring policymakers to pull back the very policies that have contributed to the recovery. The Reserve Bank of Australia wisely (if rather too late) cut short-term interest…
Biden’s economic centrism isn’t exciting, but right for these divisive times
In an age of hyperpartisan politics, the Biden presidency offers a welcome centrism that might help bridge the divides. But it is also Biden’s economic centrism that offers a chance to cut through what has become an increasingly polarised approach…
The economy can’t guarantee a job. It can guarantee a liveable income for other work
When the coronavirus pandemic hit Australia in March 2020, the Morrison government took bold and imaginative action. The most notable examples were its income support programs – JobKeeper, paying a A$750 weekly subsidy to employers to keep workers on the…
Trump Supporters’ Main Problem Was Never The Economy
ROBERTO SCHMIDT/AFP via Getty ImagesSupporters of President Donald Trump rampage through the U.S. Capitol on Jan. 6 as Congress met to count the Electoral Votes that named Joe Biden the winner of the November election.Safe to say, the Donald Trump…
‘My Practice Looks Very Different Today’: 15 Artist-Mothers on Balancing Work and Family After a Year Like No Other
The events of 2020 turned the world upside down for everyone. But the burden of life in lockdown has predominantly fallen on women, and on mothers in particular, with many pressured to leave the workforce entirely to focus on childcare…
Pope Francis in Christmas message calls for COVID-19 vaccines for everyone
Pope Francis said in his Christmas Day message that coronavirus vaccines should be made available to everyone at no charge, and that nations should work together as they recover from the effects of the pandemic.The state of play: Because of…
What’s at stake in the New York mayor’s race
More than 30 candidates — including boldface names like Andrew Yang — are either running or considering a run for mayor of New York, a job that will involve saving a critically wounded city. Why it matters: Not only will…
So far so good: MYEFO budget update shows recovery gathering pace
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. Employment figures released as Treasurer Josh Frydenberg was unveiling the mid-year budget…
Our research shows more Australians receive unemployment payments than you think
Australians receiving unemployment payments are often negatively portrayed as a relatively small group of people with personal or behavioural problems that stop them from getting a job. The unparalleled growth in unemployment during COVID-19 has opened up significant space to…
Hunger, poverty and unemployment: How coronavirus reveals inequalities | COVID-19 Special
https://www.youtube.com/watch?v=SI9IradB778Millions of people are at risk of hunger because of the COVID-19 pandemic. Even in the US and Europe, more and more individuals are relying on food handouts just to get by as the coronavirus crisis hits their livelihoods. And…
Eliminating most homelessness is achievable. It starts with prevention and ‘housing first’
The stereotype of a homeless person – those living in tents or sleeping in parks or doorways – is just the visible tip of the much larger crisis of homelessness in Australia. For every one of about 8,000 “rough sleepers”…
Despite appearances, this government isn’t really Keynesian, as its budget update shows
It is tempting to think the Australian government’s decision to spend big – bigger than ever before, an unprecedented 33% of GDP this financial year according to the budget update – marks an embrace of Keynesian economics after decades in…