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Showing 21 - 30 of 86 results for "real wages"

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 ...

Economic recap: Week to August 6

BENJAMIN ONG  |  MONDAY, 9 AUG 2021
... miss to expectations for 1.1% gain and a sharp fall from the previous month's 1.9% year-on-year gain. Similarly, real wages growth fell by 0.4% over the same period from 2.0% in May and versus expectations for a 1.2% increase. Less income equals ...

Chief economist: The wages of slow wages growth

BENJAMIN ONG  |  THURSDAY, 20 MAY 2021
... turn into "Houston, we have a problem". This is because rising consumer prices plus stagnant wages growth equals lower real wages equals reduced consumer spending. Growth in real wages (annual wages growth less inflation) has diminished to 0.4% in the ...

Business investment slow to click into gear: Lowe

ELIZA BAVIN  |  WEDNESDAY, 10 MAR 2021
... production," Lowe said. "Stronger investment would also support a more productive workforce and a lift in both nominal and real wages." Unfortunately, Lowe said, the central bank's hands are tied as there is not much it can do to boost business investment ...

Workers being offered nothing: Keating

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 FEB 2021
... workers are being offered nothing in return for accepting less in retirement savings. "I don't see any chance of real wages growth for the foreseeable future," Keating said. He argued that the increase to SG should not be seen as coming for wages ...

Labor, unions, industry funds seethe

ELIZABETH MCARTHUR  |  FRIDAY, 20 NOV 2020
... wage rise," it said. "The reality is that the super rate has increased just 0.5% in the last 18 years, in that time real wages growth has been sluggish - many factors determines income growth." Prior to the release of the report, the Australian Council ...

No evidence lower SG will result in higher wages: ACTU summit

ELIZA BAVIN  |  MONDAY, 28 SEP 2020
... 2014, the average worker lost over $4300 in super that they otherwise would have got," Dawson said. "At the same time, real wages have declined by around $1000 a year. So, there has been no wage growth and in fact, real wages have gone backwards." Dawson ...

Super remains grossly inequitable: Per Capita

ELIZA BAVIN  |  WEDNESDAY, 2 SEP 2020
... found that, on any objective measure, workers have suffered a significant loss in net income, calculated as changes to real wages and forgone superannuation contributions combined, over the five-year life of the SG freeze," it said. "Further, we found ...

Chief economist update: The wages of COVID-19

BENJAMIN ONG  |  THURSDAY, 13 AUG 2020
... a 1.8% drop in wages by this time instead. That's not all. Wages growth might be the lowest in 22 years but... real wages growth (wages less inflation) is presumably also the highest over that timeframe. The annual growth in real total wages jumped ...

Tasmania leads the nation: CommSec

ALLY SELBY  |  TUESDAY, 28 JUL 2020
... 67.2%, 37.4% and 21.7%. Other key indicators used by CommSec to measure economic performance, were inflation rates, real wages growth and home prices. Hobart had the highest annual inflation rate in the March quarter (up 3.4%), ahead of Melbourne (2.7%) ...