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Showing 1 - 10 of 785 results for "wages"

Industry reacts to Federal Budget

ELIZA BAVIN  |  WEDNESDAY, 15 MAY 2024
... that will powerfully strengthen retirement savings for Australian mums and help to narrow the gender gap at retirement." Wages boost for feminised industries Schubert said the anticipated pay rises for highly feminised industries like early childhood ...

Budget 2024: Cost of living relief takes centre stage

ELIZA BAVIN  |  TUESDAY, 14 MAY 2024
... thresholds and power bill relief. "This government and this Budget delivers for every Australian. A tax cut for every taxpayer. Wages growing in every industry. A better deal for every working parent. A fairer go at every checkout," Chalmers said when ...

Men, women in same occupation drive pay gap

KARREN VERGARA  |  FRIDAY, 3 MAY 2024
... the same occupation than men. It did, however, find that marriage and parenthood have a much greater effect on women's wages than men's within the same occupation. "This research busts the outdated myth that the gender pay gap exists because ...

Income inequality elevated, spikes: Oxfam

KARREN VERGARA  |  TUESDAY, 16 APR 2024
... or US$120 billion in the same period. "Meanwhile, people worldwide are working harder and longer hours, often for poverty wages in precarious and unsafe jobs. The wages of nearly 800 million workers have failed to keep up with inflation and they have ...

Calls for fresh 5% hike to minimum wage

ELIZA BAVIN  |  TUESDAY, 26 MAR 2024
The Australian Council of Trade Unions (ACTU) will seek another 5% increase in the minimum and award wages as part of its submission to the Annual Wage Review. Each year, the Fair Work Commission hears from unions, employers, and governments before ...

Economists react to latest RBA rate decision

ANDREW MCKEAN  |  WEDNESDAY, 20 MAR 2024
... there are risks related to the weak productivity and strong unit labour cost growth. "The challenge here is that, while wages growth lifting to around its current rate would not typically be worryingly high, it has coincided with dismal productivity ...

Hostplus rejects anti-competitive behaviour claims

KARREN VERGARA  |  TUESDAY, 12 MAR 2024
... which wrapped up on 3 November 2023, proposes employers pay staff super entitlements on the same day they pay salary and wages effective from 1 July 2026. Hostplus pointed out that the "proliferation of WMPs" possess "dark pattern design features" that ...

Super contribution caps to rise on July 1

JAMIE WILLIAMSON  |  THURSDAY, 22 FEB 2024
... position to make use of the increased limits next financial year should give serious consideration to doing so," he said. "Wages have been climbing at a relatively quick rate in recent years but contribution caps, because of the way they're indexed ...

RBA anticipated to delay interest rate cuts

ANDREW MCKEAN  |  TUESDAY, 6 FEB 2024
... Australia's weak post-pandemic productivity, ranking poorly among developed nations. This has driven unit labor costs - wages adjusted for productivity - significantly above the RBA's 2-3% inflation target range. "Without a lift in productivity ...

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 ...
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