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![]() Greg JerichoThe Guardian |
With overall prices increasing by 6.1% and essential items being even more expensive, workers are feeling the pinch
The situation is worst in high paying occupations. Only members of parliament see women with a higher median salary
The economic growth forecasts are truly dire and point to rising unemployment and falling wages growth
Combined with major price increases on essential items, the RBA’s policies will deliver a brutal whack to lower-income households
The level of inflation we have and its causes do not require a recession to reduce them. Such talk is foolish
What a wonderful world we live in were a wage rise below inflation will apparently cause greater inflation!
Should the RBA stifle the recovery with fast rate rises, workers’ real incomes will continue to fall
Strong GDP figures and growth is disguising what’s really happening: a shift to an economy where workers get less and less of their fair share
From sluggish wages to red-hot inflation, there are some unusual things happening in Australia’s economy
Low wages growth, inflation, price rises and jobseeker are combining to put talk of a strong recovery from the pandemic into context
If reforms to negative gearing and capital gains tax are a bridge too far, how about tackling supply?
If you think the real wages of the lowest paid in Australia should go backwards, you’re advocating for declining living standards
Rock-bottom rates provided a buffer to soaring house prices, but that is over. Repaying a mortgage will be harder than ever
Workers’ ability to buy things with their wages is little different from when Tony Abbott took office in September 2013
Our major political parties – and the media – seem to have forgotten we’re heading for a cliff when it comes to temperature rises
If there’s ever a moment where the PM needs to know the exact unemployment rate without looking at the internet, we’re all truly stuffed
Vote buying is not new but the slapdash nature of this is such that you almost wonder if they bothered with the back of an envelope
In most capital cites housing affordability is about 25% worse than it was just 18 months ago
A record 6.4% of workers are in more than one job, a sign that wages are not keeping pace with the cost of living
The GDP’s 3.4% growth in the December quarter only occurred because in the September quarter the economy shrank by the third-biggest amount ever
If there is one constant in our economic debate, it is that employer groups and the Coalition will continually warn we are about to experience a wages...
A reduced labour force might provide a good-looking jobless rate but not necessarily a better economy or community
The price of bread or milk is just part of the rising essentials costs that hit poorer households harder
Why not take Australia’s Reserve Bank at its word? It will hold fire on interest rate rises until there’s higher wages growth
The Coalition’s stage one cuts may have helped you but stage three will be massively directed towards high income earners
The concern is not about getting more backpackers working here, but that those workers are more likely to be exploited
Surge in mortgages during pandemic suggests house prices will continue to grow for first half of 2022 – at least
High income earners skew the statistics in ways that are all too convenient for those trying to woo the wealthy without alienating the rest of us
Property prices look set to continue to grow for many more months to come – and certainly at a rate faster than wages
Lockdowns caused Australia’s GDP to fall sharply in the September quarter, but many perspectives are needed for a true picture of the economy
Mostly what we’ve seen is a breakout of people saying high inflation is on the way, rather than a breakout of high inflation