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Showing 1 - 10 of 43 results for "Wage increases"

Tariffs not the only inflationary risk: Colchester

MATTHEW WAI  |  WEDNESDAY, 19 MAR 2025
... due to their lack of affordability, under a stronger economy, the imposed tariffs could have a flow-on effect on wage increases due to higher spending, he said. He also noted tariffs are not exclusively enforced by the US, as the European Union has also ...

RBA to meet for final 2024 rate decision

ELIZA BAVIN  |  TUESDAY, 10 DEC 2024
... showed that, overall, Australian householders were better able to control their budgets. This was likely buoyed by wage increases and end-of-financial-year tax refunds, but also by the additional financial support received from Stage 3 tax cuts. However ...

RBA pause short but sweet: Mousina

CASSANDRA BALDINI  |  WEDNESDAY, 5 JUL 2023
... impacted 20 to 25% of the workforce there is a big signaling effect," she said. With some Australians up for 7% wage increases, others demanded the same and that was reflected somewhat in the figures. While not everyone will get what they want, she said ...

Wage increases shouldn't equal rate hikes

CASSANDRA BALDINI  |  TUESDAY, 4 JUL 2023
Former Labor MP Stephen Conroy has vetoed the idea that wage increases should drive further hikes and said the Reserve Bank of Australia (RBA) is looking to put the nail in the coffin of the Australian economy. In an interview with Sky News ahead of ...

Wage increases to offset more rate hikes: Experts

CASSANDRA BALDINI  |  FRIDAY, 2 JUN 2023
The Fair Work Commission lifted Australia's minimum and award wages by 5.75% to alleviate incomes eroded by inflation, but experts say the Reserve Bank of Australia (RBA) won't be backing off anytime soon. Speaking this morning, Fair Work Commission ...

Slash proposed tax rate for high super balances: FAAA

KARREN VERGARA  |  FRIDAY, 21 APR 2023
... available to super funds," she said. As for the $3 million threshold, the FAAA wants this to increase in line with wage increases. Abood is also concerned about another layer of complexity that will come with the proposed changes. "The proposal will ...

Purpose of pause to gather more data: RBA

CASSANDRA BALDINI  |  TUESDAY, 18 APR 2023
... could put significant pressure on Australia's existing capital stock. The other was the increased risk of larger wage increases in parts of the economy, including in the public sector, later in the year which it judged would have some impact. The members ...

Inflation erodes retiree savings by 7.5%

KARREN VERGARA  |  TUESDAY, 21 MAR 2023
... retirees, falling real wages have meant that the Age Pension payments have not benefitted from adjustments linked to wage increases. "These ongoing pressures on retiree budgets have caused a related lift in the superannuation lump sums that ASFA estimates ...

Salary inflation becoming S issue for ESG managers

RACHEL ALEMBAKIS  |  FRIDAY, 20 JAN 2023
With wage inflation expected to persist into 2023, managing wage increases, employee satisfaction and other measures to attract and retain talent are issues on the agenda for ESG engagement this year. According to the latest data available from the ...

Business confidence, conditions rally: NAB

ANDREW MCKEAN  |  WEDNESDAY, 10 AUG 2022
... 3.1%). NAB advised this was due to a combination of new hiring, increased hours, bonus payments and underlying wage increases. "Importantly, the strength in demand continues to allow firms to pass higher costs onto their customers, with overall product ...
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