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Showing 41 - 50 of 86 results for "real wages"

Chief economist update: Look ma, inflation ate my wages

BENJAMIN ONG  |  THURSDAY, 16 AUG 2018
... March quarter. However, 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 ...

Chief economist update: Not before we get a pay rise

BENJAMIN ONG  |  MONDAY, 6 AUG 2018
... reasons for this on this space on a number of occasions. Households are left with no choice given the erosion of their real wages (this has dropped to zero - wages growth of 2.1% (March quarter) and headline CPI inflation of 2.1% (June quarter)). Not ...

Chief economist update: Inflation genie still inside the box

BENJAMIN ONG  |  THURSDAY, 26 JUL 2018
... next update is on 15 August) and subtracting the recent 2.1% increase in overall consumer prices means that growth in real wages are now nil. Then there's the Australian dollar - it dropped by 4.4% in the year to the June quarter which should raise ...

Chief economist update: What goes around is starting to get around

BENJAMIN ONG  |  THURSDAY, 19 JUL 2018
... preventing even higher inflation. However, the same "modest to moderate" increase in wages is negatively impacting "real wages" - wage growth less inflation. Real wages fell by 0.2% in June - annual growth in average hourly earnings of 2.7% in June less ...

Chief economist update: Weak wages a puzzle, could become a problem

BENJAMIN ONG  |  FRIDAY, 13 JUL 2018
... market might be a puzzle for the Fed but if wages don't pick up soon, it'll become a real problem for the Fed. Real wages, that is. The recent CPI report indicates that real wages - nominal wages less inflation - are being eroded which, by extension ...

Chief economist update: Next move in rates will likely be up, but it's not certain

BENJAMIN ONG  |  WEDNESDAY, 7 MAR 2018
... I scribbled on this page back in October 2017; "Faced with record high household debt, sluggish wages growth (zero real wages growth), rising utility costs, decreasing disposable income and dwindling savings, the Australian consumer has no choice but ...

Chief economist update: The real growth in wages

BENJAMIN ONG  |  THURSDAY, 22 FEB 2018
... Still, what matters most in terms of consumer spending - that which accounts for around 60% of the economy -is growth in real wages (nominal less headline inflation). While real wages growth remained positive in the December quarter, it slowed to 0.17% ...

Chief economist update: The yen's on the up and up

BENJAMIN ONG  |  FRIDAY, 16 FEB 2018
... spending and net exports. Japanese household consumption is being underpinned by the strong labour market which has seen real wages growth accelerate to 0.6% in the year to December from 0.1% in the previous month. There's also the wealth effect from ...

America is full

BENJAMIN ONG  |  MONDAY, 11 DEC 2017
... given annual wages (average hourly earnings) growth of 2.5% and inflation (core PCE price index) of 1.5%, workers' real wages is still ahead. This then becomes a chicken and egg argument. Low inflation expectations are tempering demand for higher pay ...

'tis the season to not be jolly

BENJAMIN ONG  |  THURSDAY, 16 NOV 2017
... spending which accounts for the bulk of the Australian economy depends on wages growth, or more specifically, growth in real wages. Wages growth of 2.0% and inflation of 1.8% equals real wages growth of 0.2% -- the extra income remaining in worker's ...