Bosses could hardly contain their glee at the 2020-21 budget. It is hardly surprising, writes Peter Boyle, given that it was a massive corporate handout.
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“Normal” was so broken, we don't want to go back to that. But, as Sam Wainwright argues, we're going to have to build a movement strong enough to transform Australia’s economy.
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While many countries have closed schools as a measure to stem the rate of COVID-19 infection, public schools in Australia are to remain open in stark defiance of the “social distancing” requirements of almost every other aspect of social and economic life. Graham Matthews asks why?
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From 1954 to 1972, Australia’s official unemployment rate was under 2% as the economy grew at the most rapid rate in the country’s history. There was one exception, the credit squeeze year of 1961, in which unemployment rose to 2.4%. -
When neoliberal economics was being established as a hegemonic position in Australia in the late 1980s, 1.2 million workers were employed in the manufacturing industry — 15% of the workforce. The Australian Bureau of Statistics’ (ABS) latest employment analysis shows that 25,000 jobs were lost in manufacturing last year, bringing the total employed down to 920,000 — 7.8% of the workforce. It is a trend that will only continue with the winding-down of the vehicle production industry and its related vehicle components sector.