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Showing 381 - 390 of 868 results for "Wages"

Chief economist update: A new currency is born

BENJAMIN ONG  |  TUESDAY, 21 AUG 2018
... rise? An immediate 3464% (no typos there, it's a three thousand four hundred and sixty four percent) bump up in your wages? Pack your bags and move to Venezuela! You'll have to thank Venezuelan President Nicolas Maduro for this generosity. This ...

Chief economist update: Don't mind the gap

BENJAMIN ONG  |  FRIDAY, 17 AUG 2018
... out by US Federal Reserve Chairman Jerome Powell. It appears that, for Australia's labour market, at least, growth in wages has tightened more its negative correlation with the underemployment rate, helping to explain the lacklustre growth in wages ...

Chief economist update: Look ma, inflation ate my wages

BENJAMIN ONG  |  THURSDAY, 16 AUG 2018
... the past four quarters." That's the positive spin from ABS chief economist Bruce Hockman. Not necessarily negative - wages are still growing after all - but the correct phrase should be wages growth had been painfully stuck in the very slow 2-2.1% ...

Chief economist update: Younger migrants and the elderly keep wages low

BENJAMIN ONG  |  THURSDAY, 9 AUG 2018
... Australians. These are both important for a number of reasons but I'd like to look at it from the RBA's stance on wages and inflation. Both - increased migration and higher life expectancy (which allows older Australians to work longer by virtue ...

Chief economist update: Do nothing RBA

BENJAMIN ONG  |  TUESDAY, 7 AUG 2018
... wouldn't and couldn't raise interest rates before Australians, all, get a pay rise - maybe not all - but you get the point. Wages growth remains tepid and this is cycling and re-cycling on the overall economy through reduced consumer optimism ...

Weighing the lucrative expat lifestyle

JAMIE WILLIAMSON  |  MONDAY, 6 AUG 2018
... is quite high (27% of expats reported spending more on their daily bills than in Australia) the good news is that higher wages and lower taxes resulted in 82% of expats having more disposable income than they had when living in Australia," the report ...

Chief economist update: Not before we get a pay rise

BENJAMIN ONG  |  MONDAY, 6 AUG 2018
... households are not getting a pay rise." Not really an earth-shattering revelation but it confirms the stagnant growth in wages in the Australian Bureau of Statistics' (ABS) Wage Price Index (WPI) report and portends that the June quarter would not ...

Chief economist update: Heaven can wait but the BOE couldn't

BENJAMIN ONG  |  FRIDAY, 3 AUG 2018
... rate (the highest participation rate was recorded at 67.3% in January 2018). While this has yet to be reflected in higher wages - annual growth in UK average weekly earnings (excluding bonuses) slowed to 2.7% in May from 2.8% in April and 2.9% in March ...

Chief economist update: Inflation genie still inside the box

BENJAMIN ONG  |  THURSDAY, 26 JUL 2018
... lower range of the Reserve Bank of Australia's (RBA) 2%-3% target band. Inflation would find it hard to pick up until wages growth picks-up. Recall former RBA Governor Glenn Stevens' words: "As wages are the largest component of business costs ...

Chief economist update: A pretty picture of the labour market

BENJAMIN ONG  |  FRIDAY, 20 JUL 2018
... interest rates, it has to be certain that inflation would rise and be sustained at its 2%-3% target. For this to happen, wages growth has to lift. Recall former RBA Governor Glenn Stevens' words; "As wages are the largest component of business costs ...