Crucially, they differ in how they are calculated and the ages of workers that they apply to.
Articles on Wages
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The budget was extraordinary in many ways. It is an abandonment of restraint on taxes by a liberal government. It is nakedly populist and it also acknowledges that government debt can be productive.
Labour leader Jeremy Corbyn claims they do. Two academics assessed the facts.
Wealth inequality is no 21st-century phenomenon. But it was decisively shaped by public policy during the last 100 years as economies emerged from war and redesigned the structures for life.
There are economic arguments to be had for ensuring an appropriate rate of growth of real wages.
Economic arguments against immigration often rest on simplistic arguments of supply and demand. The data show immigration has a negligible effect on wages, employment or hours worked.
The government has a major headache on its hands with the proposed cuts to penalty rates, which could haunt it all the way to the next election.
Trump’s plans to build a wall with Mexico and deport millions of people in the US illegally cast immigrants as an economic threat to Americans. The evidence suggests otherwise.
The federal government is still trying to convince senate crossbenchers to pass a company tax cut but tax experts and economists dispute all of its supposed benefits.
Since the 1990s productivity has been slowing in Australia and elsewhere. We aren’t really sure why this is, but here are a couple of theories that could explain it.
If you think the hours you work are all converted directly into dollars, think again. There are a lot of ways employers can manipulate your time – some of which are legal, others highly questionable.
Economist Ross Guest unpacks some of the key numbers in the government’s mid year budget update, with seven charts.
South Africa’s proposed national minimum wage must not be seen as a solution for all the country’s economic problems but as a floor to protect the most vulnerable workers.
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.
Business Briefing: what to do about low incomes
The Conversation10.5 MB (download)
Australia needs to increase productivity in different ways because at the moment living standards are low compared to past years.
Research shows that Roma and other EU migrants don’t come to the UK for state benefits.
Pay transparency laws are the latest effort to eliminate the still-yawning gap between the salaries of men and women. Do they work?
Australia’s wage growth has been sluggish, but the reasons are more complex than they seem.
Was Shadow Minister for Infrastructure and Transport, Anthony Albanese, right to say that evidence shows better pay for truck drivers will improve safety?
Top contributors
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Professorial Fellow, University of Canberra
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Scientia Professor of Economics, UNSW
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Senior lecturer, Canberra School of Government, University of Canberra
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Visiting Fellow, Crawford School of Public Policy, Australian National 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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Emeritus Professor of Economics (Griffith University) and Teaching Associate (University of Queensland), Griffith University
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Associate Professor in Economics, Queensland University of Technology
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Director, Centre of Policy Studies, Victoria University
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Pro Vice-Chancellor, Climate, Sustainability and Inequality and Director, Southern Centre for Inequality Studies, University of the Witwatersrand
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Professor of Economics and Political Economy, University of Leeds
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Associate Professor of Business, Boston 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 Law, The University of Texas at Austin
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Vice-Chancellor’s Fellow, University of Tasmania
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Professor of Work and Labour Market Policy, University of Sydney