Economy: Direct investment vs trickle-down approach
Q. Which of the following is closest to your view on the best way to create jobs and grow the economy?
| Total | Gender | Age Group | ||||
| Male | Female | 18-34 | 35-54 | 55+ | ||
| The government should directly invest in the economy by creating projects and jobs, and raise the standard of living for the majority of workers | 69% | 67% | 70% | 57% | 66% | 81% |
| The government should relax regulation and lower taxes for the wealthy to encourage businesses to grow and create jobs | 19% | 23% | 14% | 28% | 20% | 10% |
| Unsure | 13% | 9% | 16% | 15% | 14% | 9% |
| Base (n) | 1,066 | 531 | 535 | 340 | 341 | 385 |
| Total | Federal Voting Intention | ||||
| Labor | Liberal + National | Greens | TOTAL: Other | ||
| The government should directly invest in the economy by creating projects and jobs, and raise the standard of living for the majority of workers | 69% | 72% | 66% | 77% | 75% |
| The government should relax regulation and lower taxes for the wealthy to encourage businesses to grow and create jobs | 19% | 17% | 22% | 19% | 17% |
| Unsure | 13% | 11% | 12% | 5% | 8% |
| Base (n) | 1,066 | 332 | 433 | 91 | 111 |
- There is a majority preference for the government to directly invest in creating jobs and growing the economy.
- 69% opted for direct investment, while 19% preferred deregulation and lower taxes. 13% were unsure between the two options.
- There was no difference in the support for direct investment between men and women (67% to 70%), but men were more likely to select deregulation (23% to 14%).
- There were no differences in preference between voters of Coalition or Labor, with the majority of each all favouring direct investment (72% of Labor voters, 66% of Coalition voters).
State Government – Co-operate or Compete
Q. When it comes to business expansion and investment in Australia, do you think that State Governments should co-operate with each other to attract business and investment or should they compete for business and investment by offering lower taxes and less regulation?
|
|
Total |
Vote Labor |
Vote Lib/Nat |
Vote Greens |
| Should co-operate |
67% |
74% |
64% |
78% |
| Should compete |
17% |
16% |
23% |
5% |
| Don’t know |
15% |
10% |
14% |
16% |
67% believe that State Governments should co-operate with each other to attract business and investment and 17% think they should compete for business and investment by offering lower taxes and less regulation.
23% of Liberal/National voters, 21% of men and 21% of NSW respondents think they should compete. Those most likely to think they should co-operate were Greens voters (78%), Labor voters (74%) and Queensland respondents (73%).
Jobs reform
Q. To what extent do you agree that the following measures will improve job creation and investment in Australia?
| Total Agree | Total Disagree | Strongly Agree | Agree | Disagree | Strongly disagree | Don’t know | ||
| Increasing the number of apprenticeships | 88% | 4% | 38% | 50% | 4% | 0% | 7% | |
| Giving incentives to companies that invest in research and development | 79% | 8% | 26% | 53% | 7% | 1% | 12% | |
| Boosting investment in renewable energy technologies | 75% | 11% | 30% | 45% | 8% | 3% | 14% | |
| Requiring companies to use Australian made steel in large infrastructure projects | 73% | 11% | 27% | 46% | 9% | 2% | 15% | |
| Implementing industrial relations changes that give more flexibility to business | 57% | 19% | 13% | 44% | 14% | 5% | 24% | |
| Bringing back tariffs on products imported from overseas | 52% | 29% | 16% | 36% | 20% | 9% | 19% | |
| Introducing industrial relations reforms to make it easier to hire and fire people | 41% | 41% | 13% | 28% | 29% | 12% | 18% |
Increasing the number of apprenticeships (88% total agree) is the most popular measure for improving job creation and investment in Australia, followed by giving incentives to companies that invest in research and development (79% total agree) and boosting investment in renewable energy technologies (75%).
Requiring companies to use Australian made steel in large infrastructure projects is also strongly endorsed by respondents (73% total agree).
The least popular measure is introducing industrial relations reforms to make it easier to hire and fire people (41% total disagree). Asked with a different emphasis, there is significantly less opposition to the suggestion of implementing industrial relations changes that give more flexibility to business (19% total disagree).
Jobs reform by Voting Intention
Q. To what extent do you agree that the following measures will improve job creation and investment in Australia?
| Total Agree | Total Agree – Labor | Total Agree – Lib/Nat | Total Agree- Greens | ||
| Increasing the number of apprenticeships | 88% | 89% | 91% | 87% | |
| Giving incentives to companies that invest in research and development | 79% | 80% | 83% | 83% | |
| Boosting investment in renewable energy technologies | 75% | 80% | 71% | 88% | |
| Requiring companies to use Australian made steel in large infrastructure projects | 73% | 77% | 77% | 69% | |
| Implementing industrial relations changes that give more flexibility to business | 57% | 45% | 75% | 41% | |
| Bringing back tariffs on products imported from overseas | 52% | 52% | 58% | 40% | |
| Introducing industrial relations reforms to make it easier to hire and fire people | 41% | 26% | 65% | 18% |
Increasing the number of apprenticeships, giving incentives to companies that invest in research and development, and requiring companies to use Australia made steel in large infrastructure projects all receive a consistent level of endorsement across party lines.
Labor voters are more likely to agree with boosting investment in renewable energy technologies (80% total agree) as a measure to improve job creation and investment in Australia, as are Greens voters (88% total agree).
Labor voters are less likely to agree with implementing industrial relations changes that give more flexibility to business (45% total agree) and introducing industrial relations reforms to make it easier to hire and fire people (26% total agree).
Coalition voters are the most likely to agree with the industrial relations reforms, with 75% agreeing with implementing industrial relations changes that give more flexibility to business and 65% agreeing with introducing industrial relations reforms to make it easier to hire and fire people.
RSPT
Q. Which of the following statements is closest to your view in relation to the Government’s proposed resources super profits tax?
| Total | Vote Labor | Vote Lib/Nat | |
| The new tax will result in mining companies cutting back on their investments in Australia and there will be a significant loss of Australian jobs | 42% | 16% | 72% |
| Mining companies will continue to make large profits. They are just trying to avoid paying their fair share of tax. | 40% | 69% | 16% |
| Don’t know | 17% | 15% | 11% |
Respondents were split over which statement best described their view of the Government’s proposed resources super profits tax – 42% agreed “the new tax will result in mining companies cutting back on their investments in Australia and there will be a significant loss of Australian jobs” and 40% agreed “mining companies will continue to make large profits. They are just trying to avoid paying their fair share of tax”.
Opinions were strongly related to party preference – 69% of Labor voters agreed that “mining companies will continue to make large profits. They are just trying to avoid paying their fair share of tax” and 72% of Liberal/National voters agreed that “the new tax will result in mining companies cutting back on their investments in Australia and there will be a significant loss of Australian jobs”.
53% of those on low incomes (<$600pw) agreed that “mining companies will continue to make large profits. They are just trying to avoid paying their fair share of tax”. Comments »
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