Macquarie University/The Lighthouse
Uncertainty and delays over the COVID-19 vaccine rollout can be attributed to a failure to apply basic economic principles around portfolio diversification and understanding supply chain management, writes Macquarie Business School’s Dr Prashan Karunaratne.
In finance and in life, people are often reminded to diversify their portfolio to reduce risk through the adage, “don’t put all your eggs in one basket”.
Rolled out: Staff prepare COVID-19 vaccines at the Olympic Park Vaccination Centre in Sydney.
During the early stages of the COVID-19 vaccine rollout, policymakers should have taken heed of this advice, as it proved almost impossible for them and the general public to differentiate between the few options on the market.
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Macquarie University/The Lighthouse
Although the worst of the pandemic shock has passed, the government has gone for increased spending rather than faster debt consolidation. And as Macquarie Business School’s Professor David Orsmond explains, stronger measures to boost productivity and jobs in the medium-term are still needed.
Australia’s economic recovery has been remarkable. Just over a year ago, as COVID-19 started to circulate globally, Treasurer Josh Frydenberg noted we were “staring into the economic abyss”.
Splurge: From economic ‘abyss’ to spending spree, Treasurer Josh Frydenberg unleashed wide-ranging funding boosts to childcare, aged care, disability and mental health services in this week’s budget.
Macquarie University/The Lighthouse
The reliance on unconscious bias training as a remedy for workplace ills won’t fix the widespread problem of discrimination, harassment and bullying, write Professors Lucy Taksa and Louise Thornthwaite of Macquarie University’s Centre for Workforce Futures.
News abounds of bad behaviour towards women in Australia’s Federal Parliament. It seems this one workplace has been recognised as being unsafe for women.
Enough: Protecting workers from harassment and victimisation at work should be the responsibility of employers and not individuals.
But this begs a critical question: how widespread is such bad behaviour?
While current attention focuses on the highest office in the land, it is clear from reports by statutory bodies, court and tribunal cases, and scholars, that this state of affairs is not limited to this workplace.
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