Between 18,000 and 59,000 construction and installation jobs could be created if the Energy Market Operator’s Integrated System Plan ‘fast scenario’ on renewable transition is adopted. It would see around 53% of capacity from renewable energy by 2030.
New analysis from The Australia Institute shows that 53% renewable energy capacity by 2030 would create between 18,000 and 59,000 direct jobs across the country. The analysis is based on the Australian Energy Market Operator’s ‘Fast Scenario’ developed as part of its Integrated System Plan.
The wide range of possible employment outcomes depends largely on how much assembly and manufacturing can be done in Australia.
The 10th annual ‘Go Home On Time Day’ report by The Australia Institute's Centre for Future Work estimates that Australian employees will work 3.2 billion hours of unpaid overtime for their employers this year, worth an estimated $106 billion in foregone wages.
A national survey undertaken as part of the report has shown that the average Australian worker now puts in six hours of unpaid overtime per week, which equates to working an extra two months for free every year. That’s an increase from 5.1 hours on average in last year’s survey.
Looking purely at the number of people who use negative gearing in South Australian electorates, rather than who makes the most money from the scheme, is an intentionally misleading way to analyse the impacts of potential changes to the policy, an independent think tank has said.
“New research from The Australia Institute has shown that nationally the top 20% of income earners get half of the financial benefit from negative gearing and that those over 40 years-old enjoy more than 70% of the income that results from the policy,” Noah Schultz-Byard, The Australia Institute’s South Australian Projects Manager said.
A potent tool for cleaning up misconduct in the industry is being overlooked by the Royal Commission into financial services.
The Centre for Future Work has proposed to the Commission that a system of sector-wide collective bargaining in the financial industry could establish clear and ethical benchmarks for compensation, avoiding the problem of ‘conflicted remuneration’, which is behind much of the misconduct the Royal Commission has exposed.
The Centre for Future Work’s submission to the Royal Commission proposes a uniform compensation system, to apply across the whole industry, consistent with the principles of ethical banking:
Tasmania’s shellfish aquaculture and commercial wild-catch fisheries are responsible for 8,400 tonnes of production each year, with a gross value of $209 million. Between them, these sectors employ between 1,091 and 1,310 people across all four of Tasmania’s regions.
The distribution of fishing and aquaculture jobs varies across Tasmania’s four regions. Offshore caged aquaculture (the main method of farming salmon) provides the majority of fishing and aquaculture employment in the South East, but in the Launceston & North East and West & North West regions it is fishing and offshore longline/rack aquaculture that provide the majority of jobs.
The Revenue Summit is a special initiative of The Australia Institute that discussed the need to increase public spending to strengthen our economy and society, and how to raise public revenue efficiently and equitably.
Tax is the price we pay to live in a civilised society, but in contemporary Australia, we rarely ask how much civilisation we would like to buy and what the best new ways way to fund any increase in civilisation might be.
The debate in Australia about the Federal Government’s Budget has too often focused on what spending will get cut to fund what tax cuts. Australia has also obsessed which Treasurer will deliver a budget surplus in which year. What has been lost in this simplistic debate is that tax is the price we pay for living in a civilised society. Rather than constantly debating how big the next income tax cut needs to be or how large the surplus should be, we need to have a discussion about revenue.
The Australia Institute surveyed a nationally representative sample of 1,449 Australians about income inequality and income taxation. Overall most respondents agreed with principles of progressive taxation and disagreed that income tax in Australia should be made less progressive.
+ 74% of respondents agreed that if the gap between high and low incomes grows, people on higher incomes should pay more of the total income tax. This is a key consequence of a progressive income tax system.
Prominent economists and public service experts will gather in Parliament House for a The Australia Institute’s Revenue Summit on Wednesday 17 October.
This initiative of The Australia Institute will see some of Australia’s leading experts discuss new ways Australia could efficiently and equitably increase public revenue to strengthen both our public finances and our future economy.
Revenue Summit Speakers include: