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It’s no surprise that people clamour hand over fist to win preselection for one of the two major Australian political parties when the rewards are far greater than those individuals might expect to receive in the private sector. Not just the power and status, but the financial windfalls awaiting them upon retirement:

According to this tweet (usual caveats apply), a new Deutsche Bank report implied that Australia’s housing crisis is about to get much, much worse: “[W]e estimate that net new migration will be around 530,000 for the financial year 2022-23, but only around 180,000 dwellings will be constructed.

I’m a bit late to the party but for those still not aware, Harvard’s Claudia Goldin won this year’s Nobel Prize in Economics for her work on women’s labour market outcomes. The Nobel Committee provided a very good press release; a 7-page ‘ popular economics’ brief; as well as a much longer advanced report that delves into her scientific contributions more deeply. Do check them out.

The Treasury’s latest Intergenerational Report has made headlines for the following claim: “The direct impacts of higher temperatures on how we work are just one of the channels through which climate change will impact labour productivity, but one which could be significant. If global temperatures were to increase by up to 3°C or over 4°C, without adaptive changes to current ways of working, Australia’s aggregate labour productivity levels could decrease by 0.2 to 0.8 per cent by 2063.

National Cabinet – where Australia’s States and federal government get together to try to agree on national policy – reached an agreement this week to: “Build 1.2 million homes over 5 years. A better deal for renters. Planning reforms.”