Australia’s unemployment rate may have to fall much more before we see any wages growth.
Articles on Wage growth
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Governments can’t undo the technological changes behind frozen wages and rising inequality. The best policy is to invest in education and training to give workers skills of value in the new economy.
The new RBA monetary statement is just like the old one.
News that Australian CEO pay has soared to a 17-year high at a time when ordinary workers’ wages are flatlining is ultimately bad news for economic growth and prosperity.
Reserve Bank of Australia governor Philip Lowe has effectively ruled out an interest rate rise until wage growth tops 3%.
Research on the impact of corporate tax cuts reaches different conclusions, depending on the time and place it looks at.
Even with the most favourable laws, unions will still need to confront the reality of a dramatic transformation in the world of work.
Although over 200 CEOs have promised to share windfalls from the recent tax cut with their employers – something the president is likely to bring up in the State of the Union – research suggests workers aren’t holding their breath.
Research shows there is a link between tax cuts and increased business investment, but the effect is likely smaller than politicians and businesspeople say.
After years of deflation and disinflation, the economy is “reflating”. But it might not last.
The education minister says that under Labor there were child care price spikes of up to 14% over a 12 month period, but under the Coalition those have fallen to “around 6% on average”. Is that right?
Shadow treasurer Chris Bowen said Australian wages growth is at record lows. Is that true?
Although the Fed delayed raising rates this month, it has signaled it intends to wean the U.S. economy off its unprecedented monetary stimulus. Now the question is whether Congress will take the handoff.
Reducing the minimum wage - and eliminating income tax for those workers - is a far better strategy to tackle poverty.
Australia’s wage growth has been sluggish, but the reasons are more complex than they seem.
Top contributors
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Scientia Professor of Economics, UNSW
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Visiting Fellow, Crawford School of Public Policy, Australian National University
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Professorial Fellow, University of Canberra
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Professor of Economics, The University of Melbourne
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Economist and Director, Centre for Future Work, Australia Institute; Honorary Professor of Political Economy, University of Sydney
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Visiting Fellow, College of Business & Economics, Australian National University
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Program Director, Housing and Economic Security, Grattan Institute
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Professor in Working Life, Discipline of Business Information Systems, University of Sydney Business School, University of Sydney
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Director, Centre of Policy Studies, Victoria University
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Professor of Management, Co-Director of the MIT Sloan Institute for Work and Employment Research, MIT Sloan School of Management
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Professor of Political Economy, The University of Queensland
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Professor of Public Policy and Public Affairs, UMass Boston
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Associate Professor, POLIS@ANU Centre for Social Policy Research, Australian National University
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Associate Professor, Director of the Centre for Employment and Labour Relations Law, The University of Melbourne
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Professor, Finance, The University of Western Australia