In the recent years, Australia has achieved sustained economic growth, low inflation, declining rate of unemployment and increasing growth of productivity. Structural changes have played an essential role in creating a more efficient and competitive economy. However, it created a serious problem, that is, the inequality gap is increasing dramatically. The rich are financially better off while the poor are worse off. As a consequence, a more divided society has been created. This essay briefly …
showed first 75 words of 833 total

showed last 75 words of 833 total
…Australia, 28 January. Stilwell, F. (1993), Causes, Economic Inequality: Who Gets What in Australia? Pluto Press: Australia, P. 41. Sheehan, P., (2001), The Causes of Increased Earnings Inequality: The International Literature, in J. Borland, B. Gregory and P. Sheehan (Eds), Work Rich, Work Poor: Inequality and Economic Change in Australia, Victoria University Press: Melbourne, p. 47. Stilwell, F. (2003), Economic Inequality, in G. Argyrous and F.Stilwell (Eds), Economics as a Social Science: Reading in Political Economy, Pluto Press: Sydney, p.29.