The Times Australia
The Times World News

.
The Times Real Estate

.

Grattan Institute's Danielle Wood on election's thin policy debate

  • Written by Michelle Grattan, Professorial Fellow, University of Canberra

Danielle Wood is the CEO of the Grattan Institute, an independent think tank, Its purpose is to research and advocate policies to improve Australians’ lives.

Wood laments the dearth of policy debate in this election.

“There was a lot of optimism when we were coming out of COVID that this might be a period of genuine policy reform. It certainly was a period that laid bare a lot of challenges. We saw trust in government go up and there was a lot of talk of building back better in the sense that government might do some of those big things. But clearly, that’s not the election we’re in right now,” she says.

“We are now in a world where we’ve come out of COVID with government much bigger than what we went in. So we’ve baked in this higher spending on aged care, higher spending on defence, a higher spending on the NDIS.

"In fact, size of governments increase about 2% of GDP, which is pretty extraordinary. Yet we’ve had no conversation about how we pay for that.”

Climate change is to the fore in the minds of many economists as well as voters, and a central feature of “teal” candidates’ campaigns. But the government and Labor are not talking about it a great deal in the campaign.

“I think it’s really interesting to see economists so galvanised by that. We need to get on the path to net zero by 2050. Both major parties have signed on to that as a target. That is a massive economic transition. And frankly, if we don’t start making serious headway over the next decade, we’re going to leave ourselves with a very large and very disruptive task through the 2030s and forties,” Wood says.

Anthony Albanese this week found himself under attack after advocating a 5.1% rise (reflecting the latest inflation figure) in the minimum wage. Wood says: “Locking in very high wage rises right now is not the right answer. But that’s not to say that wages growing at 2% is a good answer either. So it’s somewhere in between.”

Australia needs to increase productivity, but where should the focus be? “I would like to see a focus on education. There are things we can do in health as well, such as primary care reform, which could make a big difference […] And remember, that’s a big area in the economy and spending.”

Should we be more worried than we are about Australia’s debt level? “I’m not worried about the current levels of debt in terms of sustainability. Obviously we’ve come out of COVID with much higher debt levels than we went in with. But based on at least the current interest profile, it’s very serviceable and sustainable,” Wood says.

Read more https://theconversation.com/politics-with-michelle-grattan-grattan-institutes-danielle-wood-on-elections-thin-policy-debate-182863

The Times Features

Why Regional Small Businesses in Bendigo Deserve Better Access to Finance in 2025

In the heart of regional Victoria, Bendigo has long stood as a beacon of innovation, resilience and community spirit. As we step further into 2025, the importance of nurturing sm...

Is It Time for a Deep Cleaning? Signs You Shouldn’t Ignore

Most people know they should visit the dentist for a regular check-up and cleaning every six months. But sometimes, a standard cleaning isn’t enough. When plaque and tartar build...

The Hidden Meaning Behind Popular Engagement Ring Cuts

When it comes to engagement rings, the cut of the diamond is not just about aesthetics. Each shape carries its own symbolism and significance, making it an important decision for...

Annual Health Exams in the Office: How They Can Reduce Sick Days and Healthcare Costs

Regular health check-ups, especially annual health exams in the office, can significantly impact the overall well-being of your workforce. A proactive approach to employee health...

Best Deals on Home Furniture Online

Key Highlights Discover the best deals on high-quality outdoor furniture online. Transform your outdoor space into a stylish and comfortable oasis. Explore a wide range of d...

Discover the Best Women's Jumpers for Every Season

Key Highlights Explore lightweight jumpers for spring and summer, ensuring breathability and ease. Wrap up warm with cozy wool jumpers for the chilly autumn and winter season...

Times Magazine

The Essential Guide to Transforming Office Spaces for Maximum Efficiency

Why Office Fitouts MatterA well-designed office can make all the difference in productivity, employee satisfaction, and client impressions. Businesses of all sizes are investing in updated office spaces to create environments that foster collaborat...

The A/B Testing Revolution: How AI Optimized Landing Pages Without Human Input

A/B testing was always integral to the web-based marketing world. Was there a button that converted better? Marketing could pit one against the other and see which option worked better. This was always through human observation, and over time, as d...

Using Countdown Timers in Email: Do They Really Increase Conversions?

In a world that's always on, where marketers are attempting to entice a subscriber and get them to convert on the same screen with one email, the power of urgency is sometimes the essential element needed. One of the most popular ways to create urg...

Types of Software Consultants

In today's technology-driven world, businesses often seek the expertise of software consultants to navigate complex software needs. There are several types of software consultants, including solution architects, project managers, and user experienc...

CWU Assistive Tech Hub is Changing Lives: Win a Free Rollator Walker This Easter!

🌟 Mobility. Independence. Community. All in One. This Easter, the CWU Assistive Tech Hub is pleased to support the Banyule community by giving away a rollator walker. The giveaway will take place during the Macleod Village Easter Egg Hunt & Ma...

"Eternal Nurture" by Cara Barilla: A Timeless Collection of Wisdom and Healing

Renowned Sydney-born author and educator Cara Barilla has released her latest book, Eternal Nurture, a profound collection of inspirational quotes designed to support mindfulness, emotional healing, and personal growth. With a deep commitment to ...

LayBy Shopping