Productivity Commission report shows inequality is rising in Australia
The Productivity Commission has released a research paper titled “Rising inequality? A stocktake of the evidence”, measuring trends relating to inequality, poverty and disadvantage in Australia over the past thirty years. The paper finds that sustained economic growth, our progressive tax system, and a high level of economic mobility have helped to reduce inequality and improve living standards for average Australians. However, the report also finds that some Australians still experience entrenched economic disadvantage, and the number of Australians living below the poverty line has failed to decline over the past thirty years. Overall, the report finds that there has been a slight rise in inequality in Australia over the past three decades. Follow this link to read the full report.