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Interesting discussion of a contentious issue related to the idea of a 'basic income' (but here, in a development context). Martin Ravallion (former Chief Economist of the World Bank, now at CGD) published a useful paper this week asking exactly this question. As he says, there's no simple answer - which is why the question is so interesting. Both 'the right to work' and 'the right to income' aim to secure a more fundamental right: freedom from poverty. Workfare has a long history, notably in India, where the National Rural Employment Guarantee Act (NREGA) guarantees (in theory) up to 100 days work per year, paid at a minimum wage, to anyone who requests it. Cash transfers (often with conditions) have expanded enormously in recent years, while the hot topic of Universal Basic Income (UBI) has advocates across the political spectrum. Which of these approaches is most cost-effective? Ravallion sets out the arguments clearly.

How does the "smashed avo" hook shape this discussion? Look at how statistics are used in this report to inform the debate and critique a narrow perspective. There's no doubt there are differences between the experiences and opportunities of young people compared to their parents. But when you enter the smashed avocado debate of baby boomers versus millennials, you overlook the inequality between members of the same generation. This also misses other ways inequality is perpetuated, such as through the intergenerational transfer of wealth. It's uncomfortable for many to admit but Australia is a hugely unequal society, both in terms of incomes and wealth. Australian households in the top 20% account for half of the income stream, that's about 12 times more than the bottom 20%. At the far ends of the distribution, the average weekly after tax income of the top 5% is 13 times that of the bottom 5%. But this isn't just an artefact of wealth in different generations. There are multiple ways we can glean this, most notably in relation to poverty.

'Middle Australia' earns much less than the government would have you believe and women continue to earn much less than men. ...The 2014-15 taxation statistics released last week revealed that the median taxable income of the 9.95m Australians with a taxable income was just $54,543. If you earned more than that, then you earned more than at least half of Australians.

As the author of this FactCheck, I was asked to review the facts on Australia's foreign aid spending from the Menzies era to 2016-17. Sir Robert Menzies was prime minister from 1949 to 1966, which is the Menzies era for present purposes. (Menzies also served as prime minister from 1939 to 1941.) I examined the evidence for and against this statement: Aid was at its highest under Menzies, at 0.5% … when per capita income was much lower. - World Vision Australia Chief Advocate Tim Costello, quoted in The Sydney Morning Herald, December 28, 2016. I found the statement to be incorrect, strictly interpreted, though Costello's broader point is valid. The ratio of Australia's aid to its gross national income has never exceeded 0.48%, and that level was achieved slightly after the conclusion of the Menzies era, in the financial year 1967-68. Below, I explain how I arrived at this conclusion, providing more detail than could be accommodated in the FactCheck itself.

Is income inequality growing (in America)? This article discusses the issue, and uses a chart from the Financial Times (and Pew research data) to demonstrate the change since 1971. Great visualisation and great discussion of what it shows.

Interesting discussion of wealth vs income inequality, and our perceptions of wealth inequality and how to tackle it. The Essential Report survey highlights the lack of awareness most of us have about the level of wealth inequality that exists, and also our confusion over what policies are best suited to dealing with it.

A great visualisation of the income distribution (using a frequency distribution) to illustrate the change over time.

Argument: Because deductions (the amount of income you can claim is not-taxable) will be reduced, even though the tax rate will go down, the richest will not in fact see an absolute reduction in tax paid. Counterargument - looking at the data, this is in fact not the case...

For the 11 million Australians with private hospital cover, premium rises are nothing new. The 3.95% average increase on April 1, 2018 will be the seventeenth consecutive year in which insurance premiums have been hiked up. Health insurance premiums have increased by an average of 5.35% per year since 2000, which is significantly more than wage growth, meaning that households are spending a larger share of their income on health care.

A list of "happy data stories" or stories related to the arts...including: Pup Inflation: Good Dogs Getting Better. "Oh, but for a much purer example of silly data journalism that I remembered as soon as I hit send, earlier this year I scraped and analyzed the dog ratings from the Twitter account WeRateDogs." -David Henry Montgomery Sneakin' Toward the Weekend, Workers Fill Roadways "How about using hourly traffic counting stations to show how people are cheating out of the office earlier and earlier on Fridays? Mental note: we're four years away from that link being older than my incoming freshmen. Also, note the wonder at phones able to receive email being someday widely available in the story." -Matt Waite