r/AusEcon

Unbothered peptides

This is not good for already struggling Australians.

UNSW/UTS just published the largest survey of migrant workers ever done here (10,000 respondents). Two in three migrant employees are paid less than they’re legally owed. International students alone are underpaid an estimated $61 million a week.

Built a free tool to check your own pay against the Fair Work minimum if anyone wants to use it: fairlanding.com.au

Was looking at some super data today and got stuck on this disconnect - australia has one of the biggest retirement savings pools in the world but the average person's drawdown strategy is basically "hope it works out"

The system is built for accumulation but goes weirdly quiet on the spending side. funds market the growth phase to death and then hand you a lump sum like good luck

Someone sent me a link to some retirement planning page from a sydney firm that framed preservation as the thing we neglect. Made me realise I've spent years obsessing over contributions and zero time thinking about what happens when the tap reverses

Structural problem or just human nature? probably both

He is very good at explaining how modern economies work. Granted he usually talks about things from the perspective of the UK but, given that Australia and most of the west now operate under the same economic assumptions I find him to be very very good.