The Australian Bureau of Statistics noted declining social cohesion and financial stress levels, leading to discussions about the need for Universal Basic Income to stabilize the economy.
2 reports, 2 independent
Updated Jun 16
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What happened
The Australian Bureau of Statistics noted declining social cohesion and financial stress levels, leading to discussions about the need for Universal Basic Income to stabilize the economy.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Grattan Institute and Lowy Institute reported on social compact under economic pressure and tracked economic pessimism trends.Sub-event
- The government is utilizing data from the Australian Bureau of Statistics to inform policy decisions, specifically regarding pay hikes managed by the Fair Work Commission.Sub-event
Australian government considers UBI amid social cohesion and financial stress.1 source
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The entities involved
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Australian Bureau of Statistics
federal statistics and census agency of the Australian Government
- The Reserve Bank of Australia is managing monetary policy while assessing how geopolitical risks in the Middle East, including conflict status and oil flow, affect the outlook for inflation and the potential benefits of a peace deal.
- The Reserve Bank of Australia and the European Central Bank are facing global economic pressures. Data released on May 27 showed that CPI rose 0.4% in April.
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government
system or group of people governing an organized community, often a state