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Inclusive prosperity: Australia’s record and the road ahead

…But the evidence of this paper is worrying:

  • income inequality in Australia has been rising and we are now in the bottom half of the equality ladder – those at the top have been taking a greater share of Australia’s income – this isn’t yet as bad as in the United States, but it’s getting worse
  • the gender pay gap is widening
  • Australians with disadvantage are being left behind
  • wealth inequality, especially driven by housing, is far worse than income inequality
  • Most worrying, since the mid-2000s, wages have failed to keep pace with productivity improvements.

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