Australia's growing inequality gap reaches 'crisis' point: Wayne Swan

We only need to look to Brexit, the rise of Donald Trump in the US, and Pauline Hanson and other independents here in Australia to know that a lot of people are fed up with mainstream politics in the world's advanced economies.

Despite rising prosperity in the developing world, many in the richer world feel they are being left behind as rising job insecurity, housing affordability and stagnant wages exacerbates the growing inequality gap.

Now, a new paper from Labor Party think tank, the Inclusive Prosperity Commission, says unless inequality is tackled seriously in Australia, the nation's economic growth and social cohesion will be under threat.

Wayne Swan, chair of the Inclusive Prosperity Commission, joins Fran Kelly on RN Breakfast.