Business

The Economy

Paul Romer.

Dislike of the word 'and' proves costly for star economist

The World Bank's chief economist has been stripped of his management duties after researchers rebelled against his efforts to make them communicate more clearly, including curbs on the written use of the word "and".

There is a need for random audits of bosses to better detect unpaid super, the review said.

Time for 'random audits' of bosses

Random audits of employers would be a more proactive approach in chasing down billions of dollars of unpaid superannuation, often to the nation's most vulnerable workers, says Inspector-General of Taxation Ali Noroozi.

Malcolm Turnbull: "If we don't sell [coal] to [India], someone else will.''

Labor-lite budget ticks all the boxes for Turnbull

For students of the politics of economics – my special subject – this clothes-pinching budget has been a feast. Oh no, it's "Labor-lite". Shocking! Actually, it's a budget that ticks all the boxes for Malcolm Turnbull and, by extension, his parliamentary followers – something their silent acquiescence suggests they realise.

Workers' average pay rises fail to keep up with the rising cost of living.

Australian wages stall at all-time low

Total hourly rates of pay, excluding bonuses, rose by 0.5 per cent in the March quarter, the latest ABS figures show, matching market expectations.

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