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Showing 31 - 40 of 86 results for "real wages"

Wage growth, not wage cuts

ALLY SELBY  |  FRIDAY, 29 MAY 2020
... consumer spending, profit growth can lead to growth in business investment," Keating said. While very large increases in real wages can dent economic growth, wage rises can boost consumer demand by more than they cut business investment, he said. "Indeed ...

Chief economist update: Coronaphobia sickens Japan

BENJAMIN ONG  |  MONDAY, 9 MAR 2020
... imports and a 0.4% decline in exports. That was bad then...and that was before coronaphobia. Recent reports that Japanese real wages rose by 0.7% in January - the first increase in four months - or 2.8% year-on-year would have provided a positive impetus ...

Chief economist update: Working nine to five, barely getting by

BENJAMIN ONG  |  THURSDAY, 20 FEB 2020
... still be growing but this masks the fact that the growth in nominal wages is being eaten up by inflation. Growth in real wages - nominal wages growth less headline inflation (no use using the core measure here because wages are spent on all items, volatile ...

Chief economist update: Japan tightens fiscal policy

BENJAMIN ONG  |  FRIDAY, 11 OCT 2019
... household spending had been holding up well - retail spending rose by 1.9% in the year to August aided by a 1.9% lift in real wages over the same period or a result of forward purchases ahead of the consumption tax hike, or a bit of both. However, forward ...

Increasing SG costly for middle Australia: Grattan

KARREN VERGARA  |  WEDNESDAY, 10 JUL 2019
... unwillingness to give pay rises, Grattan is concerned that wages will only absorb the increase in compulsory super. While real wages have stagnated, nominal wages are still growing by 2.2% a year over the past five years, it said. "It would be easy for ...

Minimum wage rises by 3%

HARRISON WORLEY  |  TUESDAY, 4 JUN 2019
... measurable negative impact on employment," the Commission said. "However, such an increase will mean an improvement in real wages for those employees who are reliant on the NMW and modern award minimum wages and an improvement in their living standards." ...

Chief economist update: BOJ exit last year, BOJ easing this year

BENJAMIN ONG  |  WEDNESDAY, 20 FEB 2019
... in the headline CPI inflation rate to 0.3% from 08% over the same period underscore the sharp increase in Japanese real wages. Japan's external accounts is the problem. As per the National Accounts report, "...exports had a negative contribution ...

Chief economist update: The curse of Japan's consumption tax hike

BENJAMIN ONG  |  TUESDAY, 15 JAN 2019
... growth accelerated to 2% in the year to November from 1.5% in the previous month and 0.8% in September. Even better, real wages jumped by 1.1% over the same period - the first increase in four months and follows a 0.1% decline in October. However, the ...

Chief economist update: Faster wages growth a one-off?

BENJAMIN ONG  |  THURSDAY, 15 NOV 2018
... especially because wages growth in the September quarter outpaced that of inflation (1.9% in the year to the third quarter). Real wages - nominal wages growth less headline inflation - has accelerated to 0.25% in the September quarter from 0.06% in the ...

Chief economist update: Little market reaction from BOJ tweak

BENJAMIN ONG  |  FRIDAY, 24 AUG 2018
... retail spending - up 1.7% year-on-year in June from 0.6% in the previous month - that, in turn, is underpinned by rising real wages - up 2.3% in the year to June from 1.4% in May and -0.4% in April. This should aid the BOJ's efforts towards lifting ...