Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 241 - 250 of 868 results for "Wages"

Chief economist update: Nikkei not so fine

BENJAMIN ONG  |  TUESDAY, 9 FEB 2021
... recovery awaits. Sadly, latest stats indicate this is not the case. The fall in Japan's average monthly cash earnings (wages) accelerated to 3.2% in the year to December 2020 from 1.7% in the previous month - the ninth straight month of decline. ...

Chief economist update: RBA extends QE

BENJAMIN ONG  |  WEDNESDAY, 3 FEB 2021
... central scenario is for unemployment to be around 6% at the end of this year and 5.5% at the end of 2022." Lowe added that wages and price pressures have also remained subdued. Whilst he acknowledged both inflation and wage growth is expected to pick ...

Chief economist update: Virus now, inflation later

BENJAMIN ONG  |  MONDAY, 25 JAN 2021
... models, inflation expectations are an important determinant of actual inflation because, in deciding how much to adjust wages for individual jobs and prices of goods and services at a particular time, firms take into account the rate of overall inflation ...

ISA calls SG increase delay a tax grab

ELIZABETH MCARTHUR  |  WEDNESDAY, 13 JAN 2021
... isn't choice - it's a sneaky tax grab that will leave people worse off and rip up one of the system's founding principles." Wages are taxed at a higher rate than super contributions, ISA said its analysis shows that up to two-thirds of an increase could ...

Australian Unity owes staff $4.3m

KARREN VERGARA  |  WEDNESDAY, 25 NOV 2020
Australian Unity has underpaid its aged care and disability services staff $4.25 million in wages, which could potentially blow out as it further investigates how much superannuation has to be back paid. Australian Unity said it initiated the review ...

Retirement costs keep rising: ASFA

ELIZA BAVIN  |  MONDAY, 23 NOV 2020
... the SG is as necessary as associations like ASFA believe. "Over the year to September 2020 official figures indicate that wages grew by only 1.4% on average for the entire economy, and by only 1.3% in the private sector," ASFA said. "Increases in retirement ...

Retirement income failing Aboriginal, Torres Strait Islander people

ELIZABETH MCARTHUR  |  FRIDAY, 20 NOV 2020
... as opposed to mandatory savings. This is because of the historical context of state and territory governments garnishing wages from Aboriginal and Torres Strait Islander people. Those who view the superannuation system as garnished wages never expect ...

Labor, unions, industry funds seethe

ELIZABETH MCARTHUR  |  FRIDAY, 20 NOV 2020
... selectively released overnight seem ill-founded," ISA said. "The review states that super increases are at the expense of wages growth, claiming working life income would be 2% higher if the super rate does not lift, as legislated, from 9.5% to 12%." ...

SG rise no real benefit to women: Review

JAMIE WILLIAMSON  |  FRIDAY, 20 NOV 2020
... retirement incomes for women is the accumulated result of the economic disadvantages they face while working. These include lower wages than men, more career breaks, and more part-time work. Breaking down the suggestions of stakeholders in improving ...

New approach needed for Age Pension: RIR

ANNABELLE DICKSON  |  FRIDAY, 20 NOV 2020
... report found measures suggest the Age Pension has kept pace with community standard with the base rate is about 4% above the wages benchmark. "For many retirees, the Age Pension provides a higher level of income than they received during their working ...