Category: From the Founder

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Household Income, Spending and Wealth

Household Income, Spending and Wealth

Australia’s average household income puts us in the top dozen nations, if tiny nations and principalities such as Lichtenstein and Brunei are excluded. An average income of over $160,000 per…
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The Changing Nature of Work

The Changing Nature of Work

There are more Australians in paid work as a share of the population these days than there has been since the colonial era. This proportion has increased steadily since Federation…
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Natural Resources in Our Economy

Natural Resources in Our Economy

The world still believes that Australia has a resource-based economy, even though that ceased to be true well over 50 years ago. However, given that our exports are more visible…
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Wealth and Job Creation

Wealth and Job Creation

The ABS’s latest official estimate of Australia’s wealth for 2015-16 was $14.4 trillion, with a net value of just over $11 trillion after accounting for foreign liabilities (equity and debt)….
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Honesty, Crime and Punishment

Honesty, Crime and Punishment

We sort of know that Australia is the best place to live in this strange world of 2017, where terrorism, neo-dictators, climate change, incompetent heads of state and other scary…
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The Millennials Are Where the Action Is

The Millennials Are Where the Action Is

Australia gets a new generation of citizens around every 20 years on average, as shown in the first chart below. We have had 12 generations since 1788: Interestingly, five-and-a-bit of…
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Australia's 2017-18 Outlook

Australia’s 2017-18 Outlook

As Australia starts 2017-18, we can look back over the previous financial year and notice several interesting trends. Australia grew at a slow pace in 2016-17, a percentage point below…
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Ages of Progress

Ages of Progress

We have entered a fourth industrial revolution according to Klaus Schwab, founder of the World Economic Forum. And his treatise provides a valuable platform on which to view human progress…
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The Nation’s Profitability Challenge

The Nation’s Profitability Challenge

This month we take a good hard look at business profitability and shatter some myths about excess profits that some well-intentioned but uninformed or envious people suggest are the norm,…
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The Housing Market

The Housing Market

Yes, it is true: housing is expensive in Australia. Measured as a multiple of average wages, Sydney housing is nearly one-and-a-half times that of London, and over twice that of…
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