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Workers share of Gross Domestic Product drops to 50%

The share of the money value workers produce with our labour calculated as Gross Domestic Product was just 50% in the June quarter of last year. By contrast, the profit share of GDP has been steadily rising. Paul Oboohov reports. ....

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Budget winners and losers: Did you come out on top?


News
by Anthony Keane
Premium Content
 
There s not a lot of losers in this year s Budget, which features extra government spending everywhere you look.
The spending spree is best illustrated by the fact that the combined deficit for the next three years - $285 billion - is higher than what was forecast in last October s Budget, despite the much stronger-than-expected economy.
 
 
WOMEN: A $345 million package of health measures targets women and girls, focusing on anxiety and depression, cancers and reproductive health. There are also new measures to address domestic violence and workplace harassment, and to encourage female leadership in business.
 
SINGLE PARENTS: A new Family Home Guarantee Scheme will help single parents with dependent children buy a home with just a 2 per cent deposit, if they are able to service the loan. ....

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