Australia's Growing Wealth Inequality, What Can Be Done?
In this video we discuss the growing wealth and income gap in Australia between the low/middle class and the top 10%, 1% and 0.1% of earners. We highlight some of the causes for inequality and potential solutions to the issue (from different sides of politics).
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References:
1) Poverty and Inequality – Australian Poverty and Inequality Research. (n.d.). https://povertyandinequality.acoss.or...
2) Tasmania has one of the worst rates of year 12 attainment in the country — and it’s sliding further. (2024, February 7). ABC News. https://www.abc.net.au/news/2024-02-0...
3) State-level TCE attainment and direct continuation. (n.d.). TASC. Retrieved July 19, 2024, from https://www.tasc.tas.gov.au/about/dat...
4) Dubay, A. (2021, March 4). What is the cycle of poverty? World Vision. https://www.worldvision.ca/stories/ch...
5) Wealth gap widening: new report. (n.d.). UNSW Sites. https://www.unsw.edu.au/newsroom/news...
6) INEQUALITY IN AUSTRALIA 2024: WHO IS AFFECTED AND HOW A POVERTY AND INEQUALITY PARTNERSHIP REPORT. (2024). https://povertyandinequality.acoss.or...
7) (2024, June 27). Revealed: Tasmania’s richest and poorest schools according to MySchool data [Review of Revealed: Tasmania’s richest and poorest schools according to MySchool data]. The Mercury; The Mercury. https://www.themercury.com.au/tasmani...
8) Niver, M. (2021, February 26). Economic Insights. Idoneus. https://idoneus.io/economic-insights/
9) Money Supply and the Purchasing Power of Fiat Currencies :: The Market Oracle :: (n.d.). Www.marketoracle.co.uk. Retrieved July 30, 2024, from https://www.marketoracle.co.uk/Articl...
10) $100 in 1971 → 2021 | Australia Inflation Calculator. (n.d.). Www.in2013dollars.com. Retrieved August 1, 2024, from https://www.in2013dollars.com/austral...
11) Jericho, G. (2022, November 4). Twelve years of real wages growth wiped out in 3 years. The Australia Institute. https://australiainstitute.org.au/pos...
12) Bare, M., Nicolazzo, M., & Kelly, P. (2024, June 19). Fair Work Commission announces 3.75% increase to the national minimum wage and award wages [Review of Fair Work Commission announces 3.75% increase to the national minimum wage and award wages]. Maddocks; Maddocks. https://www.maddocks.com.au/insights/...
13) Productivity Commission, (2024, February 5). 4 School education - Report on Government Services 2024. Www.pc.gov.au. https://www.pc.gov.au/ongoing/report-...
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Authorized by Heath Clark, Thought Digest Media Group 2025