The monetary body is not yet arguing for a universal basic income,but it sees governments as needing be more activeThe latest world economic outlook by the IMF sees slightly better times ahead for the world economy than it did six months ago and slightly poorer times ahead for Australia. But the IMF has famous the crisis of low wage growth across all advanced economies – and recommends that in an era of highly flexible employment with increasing levels of portion-time work, governments need to protect and extend minimum wages and also look at changing unemployment benefits to acknowledge that the era of full-time work being standard is in the past. Related: Scott Morrison's next trick – selling a GST revenue cut to every state bar one | Greg Jericho Related: trade is booming? Australian consumers know better | Greg Jericho Related: Coalition's economic gains force Labor to hold the champagne | Greg Jericho Continue reading...
Source: theguardian.com