Federal government comparing the level of inequality in Australia

 

 

Write a report for the federal government comparing the
level of inequality in Australia with other countries and over
time. Identify at least one area of government policy that
aects the level of inequality and describe alternative policy
options available to the government.

 

Sample Solution

Australia has experienced almost a decade of slowing wage growth and relatively weak annual growth in household incomes in real terms. This has contributed to relatively modest growth in living standards in historical terms. On top of this, Australia is now facing an environment of increasing interest rates and inflation. Households now face a period of rising mortgage debt repayments and the prospect of declining real wage growth. While income inequality has fallen nationally in recent years, some regions have experienced weaker growth in household incomes than others. And while Australia`s tax and transfer systems has succeeded in redistributing income from wealthier to poorer households, Australia recorded the 12th highest relative income poverty rate out of 33 OECD countries that provide information in 2018.

sand and subsequently the sand trades get cash and are an infusion into their particular economy. For instance, in 2014 the USA traded about US$450 million worth of sand to different nations. Trades short Imports is a part of total interest (Promotion) and subsequently the sending out of sand increments sends out which increments Promotion. This expansion in Promotion brought about by expanding sand sends out is portrayed on Figure 4. Promotion builds because of the improvement in the exchange balance (trades – imports) and extends and moves to one side from Advertisement to AD2. This makes the genuine Gross domestic product of the economy increment from Y1 to Y2 hence financial development has happened because of sand mining and is just expanding as sand mining expansions in these nations. Consequently, possibly expanding the ways of life in these nations.

Figure 4

Moreover, sand mining gives occupations on a nearby scale, which in this manner assists with bringing down joblessness and consequently expanding the result of the economy and costing the public authority less on paying for individuals without occupations. Albeit these are great transient nearby advantages, in the drawn out sand is a scant asset and its stock is decreasing. This will imply that economies that have enormous amounts of sand products will be impacted over the long haul as the stockpile of sand diminishes and the previously mentioned positive effects on the economy will be switched as their sand mining enterprises lessen.

Despite the fact that it can have a few positive impactions, a large number of the ramifications are negative. On a financial level, the sand mining can decrease the travel industry. Many sand mines are arranged on streams or ocean beds, the sea shores are provided by the dregs, for example, sand that is shipped by these streams. Sand mining diminishes the amount of sand in a space and thusly less sand is shipped and at last provided to the sea shores. Hence the sea shores contract and the vacation spot is lost. The deficiency of the travel industry can meaningfully affect the genuine Gross domestic product of a country particularly nations with a huge tertiary area. Sea shores themselves can likewise be utilized as a wellspring of sand and are incidentally frequently used to construct foundation for the travel industry while obliterating the vacation spot. Extraction of sand from sea shores is generally done illicitly.

Social

Social ramifications of the furious interest for this regular asset come in many structures. First and foremost, the ravenous interest for sand has prompted the development of sand mafias across the world. These posses are very risky and have shaped with the point of unlawfully stripping sand from sea shores and streams around midnight. The Indian sand mafia is likely the most famous. It is assessed that unlawful sand mining in India is worth about $2.3billion. As well as this cash not being accounted for and subsequently not burdened by the public authority, the sand mafias bring other adverse consequences like the maltreatment of basic liberties. An illustration of a denial of basic freedoms from the Indian sand mafia was in 2004 they gone after and mishandled Sumaira Abdulali, a spectator who had seen her neighborhood ocean side contracting and chose to take a stand in opposition to it. This w

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