Australian economy, Productivity Commission, Australia news, Income inequality, Wages growth Business | The Guardian
The Productivity Commission’s economic mobility report finds younger generations’ incomes may be going backwards and getting sick is bad for your walletFollow our Australia news live blog for latest updatesGet our morning and afternoon news emails, free app or daily news podcastThe ability of a person to change their material circumstances – to escape from poverty, or to access opportunities to improve their situation – is one lens through which to assess the prevalence of inequality in society.In a report released on Thursday, the Productivity Commission has looked at this concept of economic mobility in three different ways – how it changes over the course of a person’s lifetime, how shifts occur across generations, and how likely people are to escape poverty – to give an insight into how much of a “fair go” Australians really have. Here are some key things we learned from it. Continue reading…
The Productivity Commission’s economic mobility report finds younger generations’ incomes may be going backwards and getting sick is bad for your wallet
Follow our Australia news live blog for latest updatesGet our morning and afternoon news emails, free app or daily news podcast
The ability of a person to change their material circumstances – to escape from poverty, or to access opportunities to improve their situation – is one lens through which to assess the prevalence of inequality in society.
In a report released on Thursday, the Productivity Commission has looked at this concept of economic mobility in three different ways – how it changes over the course of a person’s lifetime, how shifts occur across generations, and how likely people are to escape poverty – to give an insight into how much of a “fair go” Australians really have. Here are some key things we learned from it.
