Digital Finance Analytics (DFA) Blog
"Intelligent Insight"
I caught up with Steve Mickenbecker, Group Executive, Financial Services & Chief Commentator at Canstar to discuss the latest in mortgage, cards, deposits and loans.
Note: DFA has no commercial relationship with Canstar
https://www.canstar.com.au/team-members/steve-mickenbecker/
The latest edition of our finance and property news digest with a distinctively Australian flavour. We had a power cut last evening, so this is a few hours later than normal. Thanks Endeavour Energy!!
Dr Ashley Frawley, Senior Lecturer, Public Health, Policy and Social Sciences from Swansea University joins me to discuss the question of mental health in the current crisis. Is there misdirection going on here? And what are the implications?
https://www.swansea.ac.uk/staff/human-and-health-sciences/allstaff/a.frawley/
Associate Professor Salvatore Babones and I discuss the rise of the network giants and consider how they are shaping American power in the current century.
https://www.sydney.edu.au/arts/about/our-people/academic-staff/salvatore-babones.html
I caught up with Guy Standing, Professorial Research Associate at SOAS University of London, a Fellow of the British Academy of Social Sciences, and co-founder and now honorary co-president of the Basic Income Earth Network (BIEN), an international NGO that promotes basic income.
His latest and new book is Battling Eight Giants: Basic Income Now.
Today in one the richest countries in the world, 60% of households in poverty have people in jobs, inequality is the highest it has been for 100 years, climate change threatens our extinction and automation means millions are forced into a life of precarity. The solution? Basic Income.
Here, Guy Standing, the leading expert on the concept, explains how to solve the new eight evils of modern life, and all for almost zero net cost. There is a better future, one that makes certain all citizens can share in the wealth of the modern economy. Far from being a new idea, Standing shows how the roots of basic income go back to the Charter of the Forest, one of two foundational documents of the state – the other, sealed on the same day, being the Magna Carta.
His recent books include Basic Income: And How We Can Make It Happen (2017), The Corruption of Capitalism: Why Rentiers Thrive and Work Does Not Pay (2016); with others, Basic Income: A Transformative Policy for India (2015); A Precariat Charter: From Denizens to Citizens (2014); and The Precariat: The New Dangerous Class (2011), which has been translated into 23 languages.
Tony Locantro from Alto Capital and I discuss the Bull Trap – between a rock and an hard place. Maybe its time to get back to basics…
We look at the latest data from the ABS.
The median weekly earnings of employees rose by 2.3 per cent from August 2018 to August 2019, according to figures released today by the Australian Bureau of Statistics (ABS).
This increase, based on data collected with the Labour Force Survey, is consistent with increases observed in the Wage Price Index and Average Weekly Earnings.
Over the year to August 2019, the median weekly earnings of female
employees rose by 4.3 per cent, while male employee earnings rose 1.3
per cent.
Head of Labour Statistics at the ABS, Bjorn Jarvis, said: “Median weekly
earnings for male employees rose by less than that of female employees,
partly because of the growing number of males working part-time hours,
and the industries and occupations that men and women are working in.”
The figures also show gradual changes in working arrangements over time.
There was an increase in the proportion of employed people with access
to flexible working hours (34 per cent in August 2019, up from 32 per
cent in August 2015) and who regularly worked at home (32 per cent, up
from 30 per cent).
There was a decrease in the proportion of employed people who usually
worked overtime (34 per cent in August 2019, down from 36 per cent in
August 2015), or were on call or standby (22 per cent, down from 24 per
cent).
The Characteristics of Employment Survey is run each August, in
conjunction with the monthly Labour Force Survey. It collects
information on earnings, working arrangements and forms of employment
(including independent contracting), as well as trade union membership
and labour hire every second year.
We take the discussions of “OK Boomer” further…
Joe Wilkes and I discuss the Boomers’ dilemma.
https://www.linkedin.com/in/joe-wilkes-33803818/
We discuss the latest ABS research.
https://www.abs.gov.au/AUSSTATS/abs@.nsf/DetailsPage/6160.02011-12%20to%202016-17?OpenDocument
