New innovations and technological advances are needed to lift Australia’s flagging growth and productivity.
Articles on Wage stagnation
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Labour’s share of national income has declined since the 1970s, but there is no sense of any permanent trend.
The Albanese government cannot deliver on its promise to life wages for low-paid care work without expanding multi-employer agreements.
Dark warnings about rising labour costs ignore the importance of profits in driving higher prices.
The Fair Work Commission has granted a pay increase to Australia’s lowest-paid workers for a good reason. Even with rising inflation, the economy is strong.
After decades of research showing the link between union power and wages growth, government economists don’t want to talk about it.
Australia’s unemployment rate may have to fall much more before we see any wages growth.
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.
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.
Smaller Australian businesses are more productive than larger ones, but have disproportionately low levels of exports and wages.
Top contributors
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Professor of Political Economy, The University of Queensland
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Visiting Fellow, College of Business & Economics, Australian National University
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Scientia Professor of Economics, UNSW
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Laurie Carmichael Distinguished Research Fellow at the Centre for Future Work, Melbourne; and Professor Emeritus, Griffith Business School, Griffith University
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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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Professor of Economics, Dean of UWA Business School, The University of Western Australia
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Policy Director, Centre for Future Work at the Australia Institute and Adjunct Principal Research Fellow, RMIT University
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Professor of Economics, The University of Western Australia
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Lecturer of international trade law, Monash Business School, Monash University
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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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Lecturer in Economics, Bachelor of International Business, Monash Business School, Monash University
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Emeritus Professor of Innovation, University of Technology Sydney