GROWING TOGETHER: THE AUSTRALIAN SOCIAL DEMOCRATIC MODEL Presentation by Hon Wayne Swan MP Member...
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Transcript of GROWING TOGETHER: THE AUSTRALIAN SOCIAL DEMOCRATIC MODEL Presentation by Hon Wayne Swan MP Member...
GROWING TOGETHER:THE AUSTRALIAN SOCIAL DEMOCRATIC MODEL
Presentation by
Hon Wayne Swan MPMember for Lilley
Treasurer (2007 – 2013)Deputy Prime Minister (2010 – 2013)
Chart 1GDP growth since 2007, G7 economies and Australia,
per cent
Source: IMF World Economic Outlook database
Trends in real median equivalised household income, Australia, 1981–82 to 2011–12 (1981–82 = 100)
Source: Calculated from Johnson and Wilkins (2006) and Australian Bureau of Statistics, Household Income and Income Distribution surveys, various years.
Chart 3
Trends in real incomes at different decile points, Australia, 1994–95 to 2011–12 Cumulative percentage change in real equivalent income-
unit income
Source: Calculated from ABS, Household Income and Income Distribution surveys, various years.
Chart 4
Extent to which a father’s income is a predictor of what his son will earn
Source: Miles Corak 2012
Chart 5
Income share of the top 1 per cent across Australia, the US and the UK(%)
Source: The World Top Incomes Database
Chart 6
Minimum relative to average wages of full-time workers, per cent, selected OECD countries (2011)
Source: OECD
Chart 7
Total welfare expenditure, per cent of GDP (2009)
Source: Australian Institute of Health and Welfare, Australia’s Welfare 2013.
Chart 8
Australia’s mean scores in reading, mathematical & scientific literacy in PISA, 2000 and 2009
Chart 10