New IMD rankings sees Australia lag behind in entrepreneurship despite rising in competitiveness
Australia has been marked in 19th place for competitiveness by the Institute for Management Development, and 61st on entrepreneurship, following one of its lowest scores in the 30 years the list has been compiled.
The 5.2% minimum wage increase could have a major effect on all Australian workers
The Fair Work Commission's decision to lift the minimum wage will affect most Australian workers, either directly or indirectly.
Inflation to peak at 7% by year end before easing: RBA Governor Philip Lowe
The governor of the Reserve Bank of Australia (RBA) has predicted headline inflation is likely to hit highs of 7% and peak by the end of the year.
Interest rate rises: What’s happening, and what could be next?
If you want to know what the Reserve Bank will be watching to work out how fast to slam on the economic brakes, here's a helpful guide.
Jim Chalmers is Australia’s first Labor Treasurer in nearly a decade. So who exactly is he?
The Queenslander is the first Labor Treasurer since Chris Bowen left office in 2013, and the burden on him is great.
Treasurer Jim Chalmers will deliver another budget in October this year
Chalmers says he will deliver a budget in the last week of October, so as to put the Albanese government’s election promises in play and start the cutting back of wasteful expenditure.
Six graphs that explain Australia’s growing economy, and how the share going to wages is shrinking
Even though more of the population is in work than ever before, the share of national income going to wages has sunk to a near all-time low of 49.8%.
One in 10 workers changed jobs in the year to February, ABS says, giving credence to ‘Great Resignation’ claims
Some 1.3 million people changed jobs in the year to February 2022, the ABS says, suggesting many took part in the 'Great Migration'.
Saul Eslake: If Labor wants to actually create a lasting difference, here’s how it should manage the economy
Labor has inherited an economy with a full head of steam, but one that is also is experiencing a sharp acceleration in inflation.
John Durie: Economic challenges remain, but Albanese’s new government could make life simpler for small business
As dramatic as election night proved to be, the reality facing business today starts with an economy tipped to slow by 50%, rising interest rates and continued chronic skill shortages.
The housing market continues to hold Australia’s economy hostage, and the major parties are letting it happen
The politics of Morrison's super-for-homes announcement are obvious and desperate. But what of the economics of this ongoing obsession with the housing market?
Peter Strong: What happens to small business after the election?
The future behaviour of the small business community — particularly those that employ others — will depend on who wins on the weekend.
