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Showing 1 - 10 of 75 results for "real wages"

Australian economic growth slows, IMF maintains positive outlook

ANDREW MCKEAN  |  MONDAY, 22 JAN 2024
... to persistent inflation and elevated interest rates which have raised the cost of living and resulted in declining real wages. Inflation eased to 5.4% in the third quarter of 2023, down from 7.8% in the fourth quarter of 2022, though it remains above ...

Wages growth reaches unsustainable level: Mousina

CASSANDRA BALDINI  |  THURSDAY, 16 NOV 2023
... However, Mousina said it's essential to remember that the current high inflation rate will only last for a while. "So real wages growth will eventually improve as you see inflation come down. And that's why real wages growth becomes positive ...

What you need to know about the 2023-24 budget

KARREN VERGARA  |  TUESDAY, 9 MAY 2023
... unemployment levels. "In this environment, inflation remains our primary economic challenge. It drives rate rises; it erodes real wages. Which is why this Budget is carefully calibrated to alleviate inflationary pressures, not add to them," he said. ...

Inflation erodes retiree savings by 7.5%

KARREN VERGARA  |  TUESDAY, 21 MAR 2023
... historical average of 0.6% per quarter since the early 1990s, ASFA chief executive Martin Fahy said. For retirees, falling real wages have meant that the Age Pension payments have not benefitted from adjustments linked to wage increases. "These ongoing ...

Budget deficit pressured by debt costs

ANDREW MCKEAN  |  WEDNESDAY, 26 OCT 2022
... strategy is focused on the objectives of strong, inclusive and sustainable economic growth, full employment, growing real wages, ensuring women's economic participation and equality, and improving living standards for all Australians. The immediate ...

Strong wage growth lags inflation

ANDREW MCKEAN  |  THURSDAY, 18 AUG 2022
... highest annual rate of wages growth since 2014. However, Chalmers and Burke say there is no sugar-coating the fact that real wages have gone backwards. "The harsh reality is that even with this stronger outcome, real wages growth will take some time ...

RBA lifts cash rate to 1.85%

ANDREW MCKEAN  |  WEDNESDAY, 3 AUG 2022
... facing Australia's economy and alluded to the fact that it had inherited rising inflation, rising rates, and falling real wages. Citi Index market analyst Tony Sycamore called the latest RBA decision a dovish surprise relative to expectations. However ...

Fair Work Commission raises minimum wage 5.2%

CASSANDRA BALDINI  |  WEDNESDAY, 15 JUN 2022
... dwellings." On today's move by the Fair Work Commission, AMP senior economist Diana Mousina said: "The fall in real wages which is currently at its lowest level could be boosted by the big lift in the minimum wage announced today." Mousina noted ...

Low wage growth a deliberate design feature: ACTU

ANDREW MCKEAN  |  TUESDAY, 3 MAY 2022
... growth. The Morrison missing in action on wages report shows that over the entire term of the Morrison government, real wages have fallen by 2.3%. This is the first time this century that workers' real incomes are lower as they head to the polls than ...

Economic recap: Week to November 19

BENJAMIN ONG  |  MONDAY, 22 NOV 2021
... increased by 3.0% over the same period. In short, growth in nominal wages is being eaten up by inflation. Growth in real wages - nominal wages growth (2.2%) less headline inflation (3.0%) -- remains at a negative 0.8%. You guessed it! Australian consumers ...
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